ARCPOINT TO HOST CONFERENCE CALL TO PROVIDE BUSINESS UPDATE AND DISCUSS 2023 Q1 FINANCIAL RESULTS

Greenville, South Carolina, May 18, 2023 (GLOBE NEWSWIRE) -- ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) a leading US-based franchise system providing drug testing, alcohol screening, DNA and clinical lab testing services announces that it will host a conference call on Tuesday, May 23, 2023 at 3:15 pm Eastern time to review the Company’s 2023 Q1 financial results for the quarter ended March 31, 2023, and provide an operational update.

The dial-in number for the conference call is as follows:

Canada / USA Toll Free         1-800-319-4610
International Toll                1-604-638-5340

Callers should dial in 5 – 10 min prior to the scheduled start time and ask to join the ARCpoint call:

ARCpoint’s President and CEO, John Constantine commented “We are pleased to report that on a quarter over quarter basis, we increased revenues and narrowed losses. In particular, we are encouraged that over half of our franchise locations increased their B2B revenue versus the previous quarter”.

Bob Mann, who was recently appointed as the new President of the ARCpoint Franchise Group LLC, (“AFG”) a wholly owned US-subsidiary of the Company that operates ARCpoint’s franchise business, added “With a goal to further build on these gains, we are focused on executing the rollout of our Total Reporting and MyARCpointLabs systems along with the implementation of new business development strategies and partnerships to drive sales at the franchisee level. These initiatives include the introduction of new field marketing resources and a national sales program to create new B2B leads for our franchisees”.

The Company has now largely completed its new, integrated technology platform, which includes Total Reporting, the Company’s B2B portal. Total Reporting allows ARCpoint’s franchisees to market more services through an efficient, integrated platform that is much easier for B2B customers to use. With Total Reporting employers can login to one platform and manage all their drug testing and background check needs, regardless of what type of organization they are. Many companies login to multiple systems to try to manage their employment needs today. The proprietary system is owned by ARCpoint allowing for flexibility and future development. Currently, about one-third of the AFG network has signed up and trained on the Total Reporting system.