INEO Announces Fiscal Third Quarter Financial Results

Surrey, British Columbia--(Newsfile Corp. - May 30, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), a leading provider of loss prevention and in-store retail media solutions for retailers, today announced it has filed its Consolidated Financial Statements and Management's Discussion and Analysis on sedarplus.ca for the Company's Fiscal 2025 Third Quarter, ended March 31, 2025.

"Our Third Quarter saw our first revenue from the technology partnership we signed with our new partner Sensormatic Solutions," said Greg Watkin, Chairman and Founder of INEO. "Additionally, for the first time in a few months we had well stocked inventories of parts and sub-assemblies for our Welcoming Systems and other loss prevention products including the loss prevention consumables, tags and labels. As a result, our revenue was up substantially in this quarter. The new business coupled with our ability to execute on existing business will make a positive difference for INEO in the coming quarters."

Notable Events of the Third Quarter:

On January 13, 2025, the Company revealed a strategic technology partnership with Sensormatic Solutions, a global leader in retail solutions and part of Johnson Controls. This collaboration will integrate INEO's patented Welcoming System technology with Sensormatic Solutions' industry-leading loss prevention tools.

On January 14, 2025, the Company issued an additional 20 million shares with total proceeds of $1,000,000 to Coenda Investment Holdings Corp., resulting in Coenda holding an aggregate of 80,000,000 shares.

On January 31, 2025, the Company announced it signed a reseller agreement with Bon Intelligence Inc., a leading provider of AI driven retail analytics in Turkey. This agreement marked a significant milestone in INEO's international expansion strategy, bringing its advanced technology to one of the most dynamic retail markets in the world.

On February 11, 2025, the Company announced that its reseller partner in Turkey, Bon Intelligence Inc., reached an agreement with Bambi, a leading high fashion shoe retailer with 61 stores based in Turkey, to deploy INEO's in-store retail media technology across Bambi's stores.

On February 26, 2025, the Company announced that one insider and five arm's length parties had acquired an aggregate of 6,201,975 Common shares in the capital of the Company pursuant to the conversion of the principal and accrued interest of convertible debentures issued in January and February 2024 (see press releases dated January 31, 2024 and February 16, 2024).