Montreal – TheNewswire - May 21, 2021 – ATW Tech Inc. (The « Company » or « ATW Tech ») (TSXV:ATW) announces today its results for its quarter ending March 31, 2021.

• - For its first quarter of 2021, the Company generated revenues of $577K compared to $650k for the same period in 2020;

  - Cost of sales totaled $520K for the three-month period ended March 31, 2021 compared to $633K in 2020, a decrease of $112K or 18%, representing a margin (excluding depreciation) of $57K, or 10% in 2021 compared to $17K or 3% in 2020;

  - Administrative expenses increased by $132K compared to the same period in 2020;

  - On March 1, 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.

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.

“The recent transactions and our strategic investment in Artificial Intelligence align well with our plan to use acquisitions to accelerate our growth and penetrate larger, international markets,” said Michel Guay, Founding President and Chief Executive Officer.”

These recent transactions will better position the Company through its powerful data collection and analytics solutions that rely on statistic-based algorithms , machine learning, and artificial intelligence. These solutions, which aim to efficiently provide our customers with valuable information to enable them to optimize their resources, prioritize their actions and gain competitive advantages, will promote the Company's future expansion into international markets within these sectors.

These growth initiatives, which are still in the early stages of development, will improve the Company’s financial performance. We are absolutely convinced that, in the medium and longer term, ATW Tech Inc. will experience exceptional growth and deliver value to its shareholders, particularly due to the core nature of its business.

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 period ended March 31, 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