Montreal – TheNewswire - August 23, 2021 – ATW Tech Inc. (The « Company » or « ATW Tech ») (TSXV:ATW) announces today its results for its quarter ending June 30, 2021.

• - The Company generated revenues of $724K compared to $569k in 2020, an increase of $155K;

  - Cost of sales totaled $665K compared to $411K in 2020, an increase of $254K;

  - Administrative expenses went from $182K in 2020 to $292K in 2021, an increased of $110K;

  - On March 1st, 2021, the Company announced the appointment of Mr. Christian Trudeau as Chairman of the Board of Directors of the Company, a position held by Mr. Michel Guay, President and CEO of ATW Tech Inc. by interim;

  - On March 15, 2021, the Company announced a collaboration with Adexflow International, a company operating in the military sector, regarding various service mandates and joint offerings around critical data management and advanced text analytics;

  - On May 14, 2021, the Company announced the signature of a development agreement with Qualtrics, the leading customer experience platform. This agreement will focus on developing a multi-function connector that will allow Qualtrics' customers to easily export their data to Semeon's platform and vice versa.

  - On June 18, 2021, the Company announced the completion of a private placement of $565K by the issuance of 8,692,306 common shares of the Company at a price of $0.065 per share.

  - On August 16, 2021, the Company announced its intention to complete a private placement of $1,5M by the issuance of 18,750,000 units at a price of $0.08 per unit. Each unit will consist of one common share of the Company and one warrant entitling its holder to acquire one common share of the Company at a price of $0.11 for a period of 36 months following the closing date.

  - On August 20, 2021, the Company announced the lauch of its new website www.semeon.com.

Outlook

ATW Tech Inc. has kicked off 2021 by building on its strategic transformation notably through the acquisition of Semeon in November 2020 and by the signature of key partnership agreements that will propel it towards its short-, medium-, and long-term growth goals.

On June 18, 2021 the Company completed a private placement of $565,000 and on August 16, 2021, the Company announced its intention to complete an additional private placement of $1,500,000. These private placements will enable the Company to support its growth goals.

“The completion of the latest financings demonstrate strong support from strategic investors towards our Company as well as its growth potential which we are starting to concretely achieve since the acquisition of Semeon. We remain committed in achieving our goals of revenue growth through internal initiatives and strategic acquisitions while recovering from the pandemic. These initiatives and acquisitions are important steps to our growth and transformation plan aiming to significantly expand our market share, says Michel Guay, Founding President and Chief Executive Officer.”

The information presented above is a summary of the highlights. For additional information, please refer to the Company’s interim condensed consolidated financial statements and the Management’s Discussion and Analysis for the three-month and six-month periods ended June 30, 2021 at www.sedar.com.

Forward-Looking Statements and Disclaimer

Certain information in this press release may constitute “forward-looking” statements that involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such information may include words such as “anticipate”, “estimate”, “may”, “will”, “expect”, “believe”, “plan”, “project” and other terminology. This information reflects current expectations regarding future events and operating performance and speak only as of the date of this press release. Except as may be required by law, we do not assume any obligation to update or revise any forward-looking information to reflect new events or circumstances.

Additional information regarding ATW Tech is available on SEDAR www.sedar.com

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept no responsibility for the adequacy or accuracy of this release. The Plan remains subject to the approval of the TSX Venture Exchange.

ATW Tech’s Profile

ATW Tech (TSX-V: ATW) is a technology company, owner of several recognized technology platforms such as VoxTel, Option.vote, Bloomed and Semeon. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a customized multi-method voting system for unions, political parties, professional associations and anyone looking for a secure way to reduce their voting costs and improve their participation rate. Bloomed is a cloud computing platform for managing smart data on consumers and their behaviors for both business and consumer-oriented campaigns. Semeon is a highly accurate and flexible text analysis platform for customer reviews, Semeon uses a unique combination of machine learning and Natural Language Processing (NLP) to discover significant trends in customer reviews across all channels.

SOURCE :       

ATW TECH

Michel Guay

President, Founder, & CEO

Tel. : 844.298.5932 x 301

mguay@atwtech.com

www.atwtech.com