Conference call will be held on June 2, 2023, at 11AM ET.

VANCOUVER, British Columbia, May 30, 2023 – Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company”), the marketing technology (MarTech) user-acquisition and engagement platform, today reported its financial results for the three months ended March 31, 2023. The Company’s financial statements and management discussion and analysis (“MD&A”) are available on SEDAR under the Company’s profile. All currency references in this press release are in USD.

Key Financial Highlights

• Achieved strong gross margins of 40% in 1Q23 versus 30% in 1Q22.
• Achieved positive Adjusted EBITDA of $0.2M in 1Q23.
• Ended 1Q23 with a cash balance of $2.7M and no long-term debt.

Management Commentary

Amit Bohensky, Chairman of Zoomd Technologies, stated, “During the first quarter of 2023, our business faced ongoing macroeconomic challenges, particularly in the fintech, cryptocurrencies, and e-commerce sectors.

Under the guidance of our new CEO, Ido Almany, we are currently undertaking a thorough analysis and evaluation of each business line and supporting operations with the objective of consolidating and significantly streamlining our cost structure. We have identified several areas of inefficiency that are currently under active discussion by management and awaiting subsequent approval from the board. As of the date hereof, a final decision has not been made, and discussions are still currently underway. We anticipate that final decisions on each business line and supporting operations will be made imminently. Once these decisions are finalized and the corresponding measures are implemented, we believe they will lead to improved bottom line and increased cash flow for the Company.”

First Quarter 2023 Highlights

• Revenues for the three months ended March 31, 2023, were $6 million, a 47% decline relative to Q1 2022. The decrease in revenues is primarily as a result of global macroeconomic conditions that impact client advertising budgets in general and especially in areas of Fintech and in particular Cryptocurrency.

• Gross profit margin was 40% for the three months ended March 31, 2023, versus 30% for the same period last year, reflecting lower revenues from the cryptocurrency segment which carries lower margins.
• Research and Development expenses for the three months ended March 31, 2023, were $1.2M, a 20% decrease relative to Q1 2022, reflecting lower deprecation and other R&D expenses.
• Selling, General and Administrative expenses for the three months ended March 31, 2023, were $3.1M, a 16% increase YOY, primarily reflecting increases in expenses incurred as a result of new employees joining the Company, primarily after the acquisition of Albert.
• Other expenses – Impairment for the three months ended March 31, 2023, are software costs write off in the amount of $2.8M.
• Adjusted EBITDA for the three months ended March 31, 2023, was $0.2M as compared with Adjusted EBITDA of $1.9M for the three months ended December 31, 2022. The decrease in Adjusted EBITDA was primarily attributed to the decrease in revenue.
• Operating loss was $3.5M for Q1 2023, compared to an operating profit of $0.9M in Q1 2022, and was primarily attributable to the impairment of intangible assets, which are the software costs write off.
• As of March 31, 2023, the Company’s cash and cash equivalents amounted to $2.7 million, and no long-term debt.

• On March 28, 2022, the Company announced that it has acquired substantially all of the assets of Albert Technologies Ltd. and Albert Technologies’ Inc in a cash and share deal. As partial consideration for certain of Albert’s employees hired by the Company, the Company has entered into certain shares for services arrangements with such employees totaling up to $0.2M worth of company shares, to be issued upon the completion of the services to the Company and using the price per share at the time of issuance. In September 2022, the Company issued 333,863 shares to Albert’s employees with a deem price per share of CAD$0.39. In May 2023, the Company issued 804,923 shares to Albert’s employees with a deem price per share of CAD$0.16.
• Zoomd’s Board of Directors is reviewing and considering potential changes to optimize business lines and product offerings for improved growth and profitability.

Conference Call

Amit Bohensky, Founder and Chairman, will hold a conference call to discuss the quarter’s financial results at 11AM ET on June 2, 2023.

Interested parties can listen via a live webcast, from the link available in the Investors section of Zoomd’s website at https://zoomd.com/investors/ or at https://app.webinar.net/v87wJ1YJxdQ

A replay will be available after the call, in the Investors section of the Company’s website at https://zoomd.com/investors/ or via https://app.webinar.net/v87wJ1YJxdQ.

About Zoomd:

Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX Venture Exchange in September 2019, offers a site search engine to publishers, and a mobile app user-acquisition platform, integrated with many global digital media outlets, to advertisers. The platform unifies more than 600 media sources into one unified dashboard. Offering advertisers, a user acquisition control center for managing all new customer acquisition campaigns using a single platform. By unifying all these media sources onto a single platform, Zoomd saves advertisers significant resources that would otherwise be spent consolidating data sources, thereby maximizing data collection and data insights while minimizing the resources spent on the exercise. Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm that is focused on achieving the advertisers’ goals and targets.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING NON-IFRS FINANCIAL MEASURES

This press release refers to “Adjusted EBITDA” which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company’s presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company’s estimated results. Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, as adjusted for share-based payments and one-time non-operating expenses and is a measure of a company’s operating performance. Essentially, it’s a way to evaluate a company’s performance without having to factor in financing decisions, accounting decisions or tax environments.

Management uses this non-IFRS measure as a key metric in the evaluation of the Company’s performance and the consolidated financial results. The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of Adjusted EBITDA and operating profit is available in Zoomd’s MD&A located on the Company’s profile at www.sedar.com which is incorporated by reference into this press release.

DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to Zoomd’s future outlook, its future ability to successfully continue its growth, its ability to improve profitability as a result of the ongoing management review, as well as its ability to continue expanding into new geographies and industries. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the COVID-19 pandemic and the current war in Ukraine), the extent and duration of which are uncertain at this time on Zoomd’s business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.

The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.

FOR FURTHER INFORMATION PLEASE CONTACT:

 Company Media Contacts:

Amit Bohensky
Chairman
Zoomd
ir@zoomd.com

+972 722200555

Investor relations:

Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com

646-821-9701

Zoomd received high praise with the highest scoring by capital investors at the January 2023 AlphaNorth Capital conference.

VANCOUVER, British Columbia, February 2, 2023 – Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company”), the marketing tech (MarTech) user-acquisition and engagement platform, is pleased to announce that was selected as one of the top two most interesting companies at the AlphaNorth Capital Conference. This recognition showcases the Company’s innovative solutions and its commitment to driving growth in the industry. Zoomd is at the forefront of the digital advertising space, providing marketers with a comprehensive and effective platform to reach and engage with their target audience.

“We are thrilled to be recognized as one of the top two most interesting companies at the AlphaNorth Capital Conference,” said Ofer Eitan, CEO of Zoomd Technologies. “This recognition is a testament to the hard work and dedication of our team and our commitment to delivering innovative solutions that drive success for our clients. Our platform and technology is designed to help marketers reach their target audience in new and impactful ways, and this recognition is a validation of the impact we’re making in the digital advertising space.”

The AlphaNorth Capital Conference is a highly regarded event in the financial industry, bringing together top executives, investors and industry experts to discuss the latest trends and developments in the world of finance. Zoomd’s selection as one of the top two most interesting companies at the event highlights the Company’s leadership position in the industry and its commitment to delivering cutting-edge solutions to its clients.

About ZOOMD

Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX Venture Exchange in September 2019, offers a site search engine to publishers, and a mobile app user-acquisition platform, integrated with a majority of global digital media, to advertisers. The platform unifies more than 600 media sources into one unified dashboard. Offering advertisers, a user acquisition control center for managing all new customer acquisition campaigns using a single platform. By unifying all these media sources onto a single platform, Zoomd saves advertisers significant resources that would otherwise be spent consolidating data sources, thereby maximizing data collection and data insights while minimizing the resources spent on the exercise. Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm that is focused on achieving the advertisers’ goals and targets.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Company Media Contacts:

Amit Bohensky
Chairman
Zoomd
ir@zoomd.com

+972 722200555

Website: www.zoomd.com

Investor relations:

Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com

7343735

Zoomd Reports Record Fourth Quarter and Fiscal 2021 Financial Results, with a record of $53M revenues. Expects Fiscal 2022 Revenues of $74M to $80M.

Conference call will be held on Monday May 2^nd at 11:00AM ET.

VANCOUVER, British Columbia, May 2, 2022 – Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company”), the marketing technology (MarTech) user-acquisition and engagement platform, today reported its financial results for the fourth quarter and fiscal year ended December 2021. The Company’s audited financial statements and management discussion and analysis (“MD&A”) for the year ended December 31, 2021, are available on SEDAR under the Company’s profile.

Fiscal 2022 Outlook

Zoomd expects revenues growth in fiscal 2022 to be in a range of $74M to $80M, representing a year-over-year growth of up to approximately 50%. The outlook is based on certain assumptions, each of which management considers to be reasonable which are set out in the MD&A.

Key Highlights

•  4Q21 revenues increased 183% YOY, to a quarterly record of $18.7M, being the fifth consecutive quarter of growth
• FY2021 revenues increased 107% YOY, to a record of $52.6M
• Strong revenue results were driven primarily by the onboarding of new clients in recent months, growth in spending of legacy clients and expansion into growth geographies such as Latin America and Asia
• Clients are continuing to increase their budgets with Zoomd
• Achieved record positive Adjusted EBITDA of $5.8M during FY2021, the highest level as a public company[1], which leads to $8.4M adjusted EBITDA increase YOY
• Operating profit was $3M for FY2021 compared to an operating loss of $5.2M in FY2020, primarily as a result of increased revenue
• Achieved positive cash flow from operations of $3.8M in FY2021
• Ended FY2021 with a cash balance of $5.2M and no long-term debt
• Apple’s iOS14+ privacy changes helped drive new customers to Zoomd’s platforms

Management Commentary

4Q21 was another record quarter for Zoomd, which capped off a record year in FY2021. During 2021, we continued focusing our efforts on diversifying our client base, both in sectors and geographies. We were successful in securing top tier clients in hypergrowth sectors such as Fintech, Gaming, iGaming, and Ecommerce. In addition, we are seeing a surge in budgets from our legacy clients, as the post-pandemic recovery continues. The strong revenue growth is producing solid positive adjusted EBITDA and cash flows, demonstrating the leverage in our business model.

The strong momentum from 2021 has sustained in 2022. Our clients are continuing to succeed and increase their budgets with us, and we have a strong pipeline of new customers. In addition, in March of 2022, we announced the acquisition of Albert, a U.S.-based artificial intelligence marketing platform for advertisers, driving fully autonomous digital campaigns for some of the world’s leading brands. Adding several Fortune 500 customers that will now be able to use our products and services. Our visibility into revenues going forward has a good prospect, and that is why we are introducing our 2022 revenue guidance range of $74M to $80M, which represents up to approximately 50% year over year growth.

“We are excited to announce our 2021 achievements and 2022 revenue guidance, as we see continued strong demand for our user-acquisition activities from both new and existing clients” said Ofer Eitan, Zoomd’s CEO. “Our talented team and innovative platforms are continuing to provide strong ROI for our clients all over the globe, resulting increased allocation of advertising budgets. Zoomd is taking share in the growing marketing technology space and expects to accelerate that share gain in 2022”.

Fourth Quarter 2021 Highlights (All Figures in Thousands in USD)

• For the three months ended December 31, 2021, revenues were $18,691, as compared to $6,609 for the three months ended December 31, 2020, an increase of approximately 183% year-over-year. The increase in revenues is primarily the result of customer acquisitions in the growth sectors such as fintech and E-gaming as well as expansion in new geographies such as Latin America. In addition, our existing customers have allocated in increasing portion of their user acquisition budgets to Zoomd, as they have witnessed strong ROI on their spending.
• Gross profit margin was 30% for the three months ended December 31, 2021, versus 33% for the same period last year, reflecting more social media advertising portion that is known to be with lower profit margins.
• Research and Development (R&D) expenses for the three months ended December 31, 2021 were $970, a 16% decrease YOY, primarily reflecting the capitalization of software development costs.
• Selling, General and Administrative (SG&A) expenses for the three months ended December 31, 2021 were $2,612, a 43% increase YOY, primarily reflecting increases in sales department bonuses as the result of increased revenues, and the expenses incurred as a result of new employees joining the company mainly after the acquisition of Performance Revenues.
• Adjusted EBITDA for the three months ended December 31, 2021 was $2,739 as compared with Adjusted EBITDA loss of ($144) for the three months ended December 31, 2020, an increase of $2,883. The improvement in the Adjusted EBITDA is primarily attributed to the significant increase revenue growth.
• Operating profit was $2,060 for Q4 2021 compared to an operating loss of $806 in Q4 2020, primarily as a result of increased revenue.
• As of December 31, 2021, the Company’s cash and cash equivalents amounted to $5.2 million, and no debt.

Fiscal Year 2021 Highlights (All Figures in Thousands in USD)

• For the fiscal year ended December 31, 2021, revenues were $52,585, as compared to $25,423 for the fiscal ended December 31, 2020, an increase of approximately 107% year-over-year. The increase in revenues is a result of customer acquisitions in the growth sectors such as fintech and E-gaming as well as expansion in new geographies such as Latin America.
• Gross profit margin was 31%, same as in 2020.
• Research and Development (R&D) expenses for the fiscal year ended December 31, 2021 were $4,221, a 29% decrease YOY, primarily reflecting the capitalization of software development costs.
• Selling, General and Administrative (SG&A) expenses were $9,066, a 25% increase YOY, primarily reflecting increases in sales department bonuses as the result of increased revenues, new employees and the expenses incurred as a result of the Performance Revenues acquisition.
• Adjusted EBITDA for the fiscal ended December 31, 2021 was $5,767 as compared with Adjusted EBITDA loss of ($2,601) for fiscal year ended December 31, 2020. The improvement in the Adjusted EBITDA is primarily attributed to the significant increase revenue growth.
• Operating profit was $3,004 for 2021 compared to an operating loss of $5,248 in 2020, primarily as a result of increased revenue.

general market and platforms notes:

SaaS and Self Serve products:

During 2021, the company has accomplished the planed milestones for the launch of its self-serve products. The milestones include the launch of the beta version, onboarding design partners and soft launches.

Zoomd’s products use various business models based on performance, transparency and SaaS-based solutions. These products feature fully self-managed options in different media channels. In addition, the recent acquisition of Albert by the Company provides further strengthening for Zoomd’s future growth plans.

Apple iOS 14 + and general market privacy changes:

During 2021 and following Apple’s privacy changes, user acquisition costs kept on rising on Facebook, Google and other global internet leaders. Zoomd’s platform and business logic of a wide range and variety of media integrations using a single platform drove new customers to try new and different media channels rather than the common global social media channels. Using the Zoomd platform, customers can drive customer acquisition in new media channels to lessen the impact of the recent privacy change.

Conference Call

Amit Bohensky, Founder and Chairman, will hold a conference call to discuss the quarter’s financial results at 11:00 a.m. (Eastern Time) on May 2, 2022.

Interested parties can listen via a live webcast, from the link available in the Investors section of the Company’s website at  https://zoomd.com/investors/ or at https://app.webinar.net/BQ5o4odDrVP.

A replay will be available after the call, in the Investors section of the Company’s website at https://zoomd.com/investors/ or via https://app.webinar.net/BQ5o4odDrVP.

About Zoomd:

Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX Venture Exchange in September 2019, offers a site search engine to publishers, and a mobile app user-acquisition platform, integrated with a majority of global digital media, to advertisers. The platform unifies more than 600 media sources into one unified dashboard. Offering advertisers, a user acquisition control center for managing all new customer acquisition campaigns using a single platform. By unifying all these media sources onto a single platform, Zoomd saves advertisers significant resources that would otherwise be spent consolidating data sources, thereby maximizing data collection and data insights while minimizing the resources spent on the exercise. Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm that is focused on achieving the advertisers’ goals and targets.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING NON-IFRS FINANCIAL MEASURES

This press release refers to “Adjusted EBITDA” which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company’s presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company’s estimated results. Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, as adjusted for share-based payments, and is a measure of a company’s operating performance. Essentially, it’s a way to evaluate a company’s performance without having to factor in financing decisions, accounting decisions or tax environments.

Management uses this non-IFRS measure as a key metric in the evaluation of the Company’s performance and the consolidated financial results. The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of Adjusted EBITDA and operating profit is available in Zoomd’s MD&A located on the Company’s profile at www.sedar.com which is incorporated by reference into this press release.

DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to Zoomd’s 2022 revenue outlook, its future ability to successfully continue its growth, its ability to continue to deliver products and services largely unimpacted by the privacy updates undertaken (or will be undertaken in the future) by Google and Apple as well as its ability to continue expanding into new geographies and industries. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the COVID-19 pandemic and the current war in Ukraine), the extent and duration of which are uncertain at this time on Zoomd’s business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.

The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Company Media Contacts:

Amit Bohensky
Chairman
Zoomd
ir@zoomd.com

+972 722200555

Investor relations:

Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com

646-821-9701

[1] “Adjusted EBITDA” is a NON-IFRS financial measure. See “Caution Regarding Non-IFRS Financial Measures”.

VANCOUVER, BRITISH COLUMBIA, November 5, 2021 – Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company”), the online advertising management platform, announced today the results of its annual general meeting of shareholders (AGM) that was held on November 4, 2021. At the meeting, shareholders elected re-elected Amit Bohensky, Amnon Argaman, Darryl Cardey, Ofer Eitan and Avigur Zmora as directors.

The AGM took place via telephone on November 4, 2021 under special arrangements due to the COVID-19 pandemic.

In addition, at the AGM, Zoomd’s shareholders re-appointed Brightman Almagor Zohar & Co LLP as the auditors of Zoomd and authorized Zoomd’s board to fix their remuneration.

About Zoomd:

Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX Venture Exchange in September  2019,  offers a  site search engine to publishers,  and a  mobile app user-acquisition platform,  integrated with a  majority of global digital media,  to advertisers.  The platform unifies more than 600 media sources into one unified dashboard offering advertisers, a user acquisition control center for managing all new customer acquisition campaigns using a single platform.  By unifying all these media sources onto a  single platform,  Zoomd saves advertisers significant resources that would otherwise be spent consolidating data sources,   thereby maximizing data collection and data insights while minimizing the resources spent on the exercise. Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a  key performance indicator algorithm that is focused on achieving the advertisers’ goals and targets.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Amit Bohensky
Chairman
Zoomd
ir@zoomd.com

+972 722200555

Investor Relations

Lytham Partners, LLC

Ben Shamsian

New York | Phoenix

ZOMD@lythampartners.com