Predictiv AI Announces Revocation of Cease Trade Order

TORONTO, ON / ACCESSWIRE / November 29, 2023 / Predictiv AI Inc. (TSX-V:PAI)(OTC:INOTF) ("Predictiv AI" or the "Company"), www.predictiv.ai, is pleased to announce that on November 23, 2023, staff of the Ontario Securities Commission (the "OSC") granted a full revocation of the failure-to-file cease trade order ("FFCTO") that was issued on June 6, 2022.

The Company had been subject to the FFCTO for failing to meet the deadlines to file its's audited annual financial statements for the year ended January 31, 2022, the corresponding management's discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Documents"). Due to the delay in the filing of the Annual Documents, Predictiv AI was also unable to file the unaudited interim financial statements, related management's discussion and analysis and CEO and CFO certifications for the interim periods ended April 30, 2022, July 31, 2022, and October 31, 2022 (collectively, the "Interim Filings", and together with the Annual Filings, the "Required Documents").

The Company completed the filing of the Required Documents on May 31, 2023, and copies are available under the Company's profile at SEDAR+, www.sedarplus.ca. In addition, Predictiv AI has recently refiled an amended version of the management's discussion and analysis for the year ended January 31, 2023 (the "2023 MD&A").

The Company has filed an undertaking with the staff of the OSC that it will hold an annual meeting of shareholders within three months following the revocation of the FFCTO.

Predictiv AI The Company confirms that its business has not changed and that the Company remains active.

With the revocation of the FFCTO, the Company will be making a submission to the TSX Venture Exchange ("TSXV") for the resumption of trading and updates will be provided in a follow up news release once available.

Business Update

Due to financial constraints, Predictiv AI has put all business operations on hold, including for Weather Telematics Inc. ("WTX"). WTX, a wholly-owned subsidiary of the Company, is a data science company offering real-time advanced artificial intelligence based predictive road condition weather analytics for safer, connected and autonomous transportation.

Board of Directors Update

Prior to the revocation of the FFCTO, the board of directors of the Company was comprised of Jim Grimes (CEO) and Khurram Qureshi (CFO). The following individuals previously resigned from the board of directors: Millard Roth (effective August 14, 2022); Jerry Grafstein (effective February 17, 2022); and Michael Lende (effective July 31, 2021, as per PAI's news release of the same date). In connection with the revocation of the FFCTO, the Company has filled the vacancies on the board of directors by appointing the following individuals: Rob Barlow, Eduardo Rebagliati, and Andrew Lindzon.