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CargoX Blockchain Technology Takes Flight in Egypt

CargoX

LJUBLJANA, SLOVENIA - (June 06, 2022) - CargoX, the leading company specializing in the digital transfer of trade documents, extends its business engagement with the Egyptian government by providing advanced Blockchain Document Transfer (BDT) services as a core component of the Advance Cargo Information (ACI) system implementation for airborne cargo. The Advance Cargo Information (ACI) system aims at providing business intelligence and governance mechanisms to the government before cargo loading from ports of export, facilitating cargo clearance procedures, creating transparency and audit trail for cargo movements within a paperless ecosystem by digitizing shipment documents transfer using CargoX BDT services. The ACI system is a core component of Egypt’s national single-window platform for international trade (NAFEZA) that is operated by the Public-Private-Partnership company Misr Technology Services (MTS). “The NAFEZA single window platform for digitalization of ocean-freight trade document transfers between Egypt and companies worldwide is an unprecedented success. It is used by more than 90,000 companies and entities worldwide, and we continue building this momentum by adding air cargo documentation processing. This will bring the number of points of entries to 30 – including airports, seaports, dry ports, border posts, free zones, and bonded warehouses,” said Captain Ossama Al Sharif, MTS Chairman & CEO. Background information: Misr Technology Services (MTS) authorized CargoX to be the gateway between the international trade community and the Egyptian national single window for international trade (NAFEZA) by providing blockchain-document-transfer services since January 2021. CargoX platform includes built-in automated workflows for Blockchain Document Transfer (BDT) where the ultimate level of immutability, transparency, reliability, and accountability is achieved. CargoX launched its BDT services on a “TRIAL” basis as early as March 2021 to serve seaborne cargo. The services became “LIVE” as of October 2021. Within this context, cargo shippers pre-lodge shipment documents and data electronically in a secure and prompt manner to ensure that import security screening and customs procedures on the Egyptian side can be accomplished prior to shipment arrival to Egyptian seaports. Since its implementation in seaports, the project has surpassed all expectations. CargoX blockchain solution was used seamlessly and safely to transfer more than 1,500,000 actual trade and finance documents to serve more than 100,000 customers. By providing reliable document transfer services, the CargoX Platform has become the fastest-growing blockchain platform in the logistics industry. It represents one of the most compelling cases for the adoption of the blockchain as a critical tool for streamlining global trade and commerce, as well as business-to-government communication. “NAFEZA has become a unified channel for customers exporting to Egypt by sea, and now also by air. The ACI system will expedite shipment clearance, reduce cost, and eliminate the risk of delays or loss of documents. We are proud that Egypt is yet again a global innovator and a key reference for modernization,” said Gamal Kotb, MTS General Manager. In the sea freight use case, the benefits resulting for users from the adoption of the blockchain technology include a reduction in the average cargo release time from 29 days to 9 days with a notable reduction in container demurrage and storage fees. Compliance costs for shippers in the maritime sector have also been slashed from more than USD$600 to USD$165, or less as a consequence of the move onto the blockchain. In air freight, the real-time delivery of documents will play an even more essential role, as cargo travel times are much shorter, and processes run with higher task frequency. “Mr. Stefan Kukman, CEO of CargoX said, “CargoX is proud to be developing the most cutting-edge digital solution for global trade - arguably the most important industry in the world,” “It is incredibly satisfying to already be working with some of the most selective companies in the logistics industry and forward-thinking governments that have made the CargoX Platform the fastest-growing blockchain platform in the logistics industry,” —Kukman added. About CargoX CargoX Ltd is a global company specializing in document transfer solutions, based on blockchain transactions and an ownership validation platform. The core team of founders brings together more than 100 years of experience in the logistics, banking, programming, IT and blockchain industries. Users of CargoX’s BDT platform can upload or create electronic trade documents and then transact ownership of them like money through a global bank, at any time, with the following benefits: ● Irrevocable transfer of ownership of the documents ● Unbreakable, neutral, public Ethereum blockchain ● The audit trail of events is only available to the participants involved ● Confidentiality and full protection of data, identity and business connections ● More than 65 document types are supported (eBL, eLC, Certificates, Contracts, Invoices) Contact Details CHARLIE PESTI —The world’s best publicist for supply chain technologies. Charlie Pesti +1 267-439-4355 charlie@pesti.io Company Website https://cargox.io/

June 06, 2022 10:02 AM Eastern Daylight Time

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Freight Rate Transparency gains traction in Freight Forwarding – SHIFEX by Shifl

Shifl

Digital forwarding and supply chain platform Shifl has announced the launch of SHIFEX, an Ocean Spot Freight Rate Index for container shipments which is now available on their website ( https://shifl.com/index ). The recent and continuing unprecedented chaos in the freight markets has brought the dire need for transparency and visibility into actual ocean freight rates. Shabsie Levy, CEO and Founder of Shifl, said he often found thousands of dollars of disparities between reported and actual freight rates on the market. “In the current market condition, just about no one can afford to pay hundreds and sometimes thousands of dollars more for moving a single container,” said Levy. SHIFEX provides live insights into ocean freight rates. It tracks and displays the average ocean spot freight rates for 40'containers (FEU) on main Transpacific routes at any given period. Freight rate transparency and accuracy have always been touted as core business values. They improve customer engagement, build trust, and increase productivity in an industry that has been opaque. “By leveraging our existing technology, we are helping shippers benchmark the freight rates they should be paying for their shipments and help them better plan their order placements and inventory” said Levy. By analyzing its own data of actual bookings and shipments, Shifl was able to alert the market in advance of the drastic changes in the ocean spot freight rates across the volatile periods in 2021 and 2022. Eli Gelbman of The New York Doll Collection a company that manufacturers and sells childrens dolls and accessories says, "I am pleased that Shifl is launching SHIFEX. As a regular importer, we have been following Shifl's rate data in their market reports which has helped us tremendously in managing the volatility in the freight market. Having the same info now on-demand, will allow us to make better supply chain decisions, and improve efficiency in costing and in planning our orders." More about SHIFEX SHIFEX, the first ocean spot freight rate index by a US freight forwarder, provides live insights into ocean spot freight rates as it tracks and displays rates that are applicable on the Trans-Pacific route. SHIFEX is based on the actual spot freight rates quoted and/or paid for moving shipments on the Trans-Pacific route and is therefore a true reflection of the prevailing market conditions in the freight forwarding spot market. SHIFEX is offered as a free service by Shifl and covers Port to Port container spot freight rates. SHIFEX includes all commonly applicable surcharges, —including but not limited to BAF (Bunker and/or Emergency Bunker Adjustment Factor), CAF (Currency Adjustment Factor) ISPS (International Security Port Surcharge), PCS (Port congestion surcharge). The index provides past and current freight rates with the option of tracking rates on a 3, 5, 12 and 18 month basis from the base ports of China to both Los Angeles and New York. In addition to freight rates, Shifl is also planning to include its highly popular vessel transit and container dwell data and add spot freight rates of other trade lanes to SHIFEX so customers can track the past and current performance of these metrics as well. SHIFEX complements digital offerings that include Shifl.com, the digital forwarding and supply chain platform, and Shifl.capital, the cutting-edge FinTech solution designed to make business transactions easier for supply chain companies. About Shifl Shifl is leading the supply chain industry into the future with technology and innovation that brings a huge array of real-life benefits to its users. If you are a shipper looking to bring your business into today's digital age, be more in control, and pay less overall - Shifl is for you. Shifl is headquartered in New York and maintains a presence in China, India, Vietnam, Malaysia, Bangladesh, Georgia, DR, and The Philippines. To learn more, visit https://shifl.com. Contact Details CHARLIE PESTI Priyanka Ann Saini +91 98332 68264 priyanka@pesti.io

June 06, 2022 12:00 AM Eastern Daylight Time

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Sirena Moore-Thomas at the 2022 Leading Entrepreneurs of the World Conference

1BusinessWorld

Dynamic business leader, strategist, author, and entrepreneur, Sirena Moore-Thomas, the CEO of the The Highmark Group, joins the 2022 Leading Entrepreneurs of the World Conference to talk about how to win federal contracts without writing proposals! Sirena is an accomplished Mompreneur, Author, and Strategist affectionally known as The Destroyer of Comfort Zones! Despite being a teen mom of twins with no college degree and very little resources she has led several small businesses to multi-million dollar revenues, won hundreds of Federal Contracts and continues to empower leaders around the world. Sirena has an innate ability to help her clients consistently find success in seemingly impossible situations. Register to attend the 2022 LEW Conference to watch the live session of Sirena's presentation and to connect with her live at the event: https://events.zoom.us/e/view/_LwgIoXQQL2gA_LMBaozZA All news and content distribution in partnership with News Direct. About The Highmark Group The Highmark Group provides a host of Executive Coaching and Leadership Development services to corporations and organizations across the country. Specializing in personal optimization and competitive intelligence, our team will work with you to construct a program that will improve performance so that you can effectively serve your clients in a way that promotes sustainable business growth. The Highmark Group About Leading Entrepreneurs of the World As part of 1BusinessWorld, Leading Entrepreneurs of the World is one of the largest and most comprehensive entrepreneurial platforms and events in the world and features entrepreneurs, founders and business leaders presenting on cutting-edge topics and the latest industry developments. Leading Entrepreneurs of the World About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details 1BusinessWorld Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

June 03, 2022 01:12 PM Eastern Daylight Time

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Dan Varroney at the 2022 Leading Entrepreneurs of the World Conference

1BusinessWorld

Dan Varroney, the President and CEO of Potomac Core, joins the 2022 Leading Entrepreneurs of the World Conference to talk about reimagining industry growth and the importance of strategic partnership strategies in an era of uncertainty. Dan leads Potomac Core, a strategic consultancy that applies research driven strategies to reimagine new growth pathways for Industries and Professions. Founded in 2012 in Arlington, Virginia, Dan and his team help transform organizations into the important role of real time business solution providers. Register to attend the 2022 Leading Entrepreneurs of the World Conference to watch Dan's live session and to connect with him at the event: https://events.zoom.us/e/view/_LwgIoXQQL2gA_LMBaozZA All news and content distribution in partnership with News Direct. About Potomac Core Potomac Core’s professional, insightful market research provides actionable information for building strategies and products that align organizations to the business and professional successes that their members expect. We deliver products that position our clients as indispensable resources for the industries and professions they serve. Potomac Core About Leading Entrepreneurs of the World As part of 1BusinessWorld, Leading Entrepreneurs of the World is one of the largest and most comprehensive entrepreneurial platforms and events in the world and features entrepreneurs, founders and business leaders presenting on cutting-edge topics and the latest industry developments. Leading Entrepreneurs of the World About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

June 01, 2022 06:44 PM Eastern Daylight Time

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Shareholder Activist Demands Google, YouTube Reveal Biden Admin’s ‘Take Down’ Requests

National Legal & Policy Center

Today, Paul Chesser, Director of the National Legal and Policy Center’s (NLPC) Corporate Integrity Project, will present remarks at the Alphabet annual meeting to support a shareholder resolution the ethics group filed with the company. NLPC’s Alphabet proposal would require the company to itemize and disclose the nature of 'take-down requests' from the federal government. Last July, former White House press secretary Jen Psaki confirmed the Biden Administration is in regular touch with social media platforms to address misinformation, specifically regarding COVID-19. “How, when, and why, are Google and YouTube censoring content on their platforms at the behest of the Biden administration and its agencies like the CDC?” Chesser will ask. “If our resolution passes, they would be required to disclose that information in a report.” The full text of Chesser’s remarks are below: I’m Paul Chesser, director of the Corporate Integrity Project for National Legal and Policy Center. A public service announcement for my fellow shareholder proponents: Beware when a company opposes your resolution by using the term “robust” to describe its existing disclosures. When you see that word “robust,” you can be sure the company is gaslighting you, as Alphabet is doing in its proxy response to my organization’s proposal. Our proposal requests a detailed report that itemizes requests from U.S. government officials and agencies, names those officials, details the nature of each request, tells what Google’s decision was about the request, and provides the rationale for each decision. Alphabet’s proxy response is to refer you its misnamed “Transparency Report,” which tells us nothing, other than to enumerate how many takedown requests they’ve received from various governments around the world. The only reason we won’t get the kind of report my organization requests is because Alphabet’s majority voters, Sergey Brin and Larry Page, don’t want you to know how much the Biden administration conspires with Google and YouTube to censor users of their platforms. MSNBC’s newest personality, former White House spokeswoman Jen Psaki, confirmed that in a press conference last year. She said almost one year ago, “We are in regular touch with these social media platforms, and those engagements typically happen through members of our senior staff, but also members of our COVID-19 team.” This was after Biden’s Surgeon General said that “tech and social media companies must do more to address” alleged health misinformation. As we all know now, it was the Biden administration and agencies like the CDC and NIH that were the dis-informers: by lying to the public about COVID and its origins; by pushing shutdowns despite their destructiveness; by ignoring evidence about the ineffectiveness of masks and the failed vaccines; and by censoring information about COVID that they did not approve of. For example, it’s clear Google censored search results for the “Great Barrington Declaration,” which has now been signed by almost 1 million medical and health professionals, and which opposed the prevailing and destructive COVID-19 policies pushed by the Biden administration. Google almost certainly did so at the behest of the NIH’s Francis Collins or Anthony Fauci, or an ally of theirs, not because of any serious scientific rebuttal to the Declaration, but because they were personally offended that their policies were being criticized and disproved. I can’t think of a more catastrophic failure of public policy and guidance for the public than the federal government’s COVID mandates, and both Google and YouTube validated the authoritarianism behind these edicts, by shutting down all dissent – much of which could have improved outcomes and saved lives. Google and YouTube removed information the Biden administration does not want you to access, because they do not believe in free speech. They are morally bankrupt partners in a public policy crime. No wonder why they want to keep it all secret. END REMARKS “Big Tech’s pro-Leftist biases are well established and proven, but Google’s and YouTube’s COVID censorship the last two years have been especially poisonous,” Chesser explains. “These efforts to shut down dissent, at the behest of the Biden administration in an effort to extend their authoritarian reach, are shameful, and had real costs both economically and in terms of lives lost. Alphabet has put itself at legal and financial risk with its efforts to suppress information.” NLPC has filed dozens of shareholder resolutions and appeared at the annual meetings of Berkshire Hathaway, Disney, Coca-Cola, Amazon, Twitter, Meta, and many others. In addition to Alphabet, Chesser is presenting at the Walmart and Comcast annual meetings today. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 01, 2022 11:00 AM Eastern Daylight Time

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Simpay & Plannit Partnership Brings Integrated Solutions To Home Service Providers

Simpay

Simpay, a full-service payments, payroll, and POS provider, has joined forces with Plannit and entered an agreement to resell Plannit’s all-in-one field service management software integrated with its processing and payroll solutions to field services businesses across North America. Both Plannit and Simpay share the core belief that an exceptional customer experience is key in every industry, especially home and field services. Simpay’s integrated technology simplifies secure payment processing and enhances the payment experience for the end users. “Partnering with Plannit furthers our mission to simplify the lives of business owners” said Lazaros Kalemis, CEO & Founder, of Simpay. “Both companies have a real passion and commitment to bringing outstanding products and services to business owners in the home services vertical across the United States and Canada. With Simpay’s processing, payroll, and business growth tools, Plannit users can simplify their workload and get back to doing what they do best, running their business and delighting their customers.” “We’re excited to work with Simpay as a value added reseller and integration partner to bring an elevated end-to-end billing solution to the market. Plannit is innovating the way that home service providers and home owners connect and do business by eliminating endless back and forth messages, automating communications and workflows, and providing a self-service customer portal” says Patrick Poirier, CEO & Founder, Plannit. “Embedding Simpay’s payment solution aligns with our commitment to solve inefficient communications at every touchpoint so that entrepreneurs get paid faster, and increase repeat business.” About Simpay: Simpay, a Trevose, PA-based company, provides payment acceptance, employee management solutions, POS systems, and growth tools for businesses across North America. Since our very beginnings in 2000, our commitment to quality and transparency has been the basis of everything we do. To learn more, visit simpay.net or contact marketing@simpay.net About Plannit: Plannit is an all-in-one field service app built to help Home Service Pros have a more productive workday by solving inefficient communications at every touchpoint, not just managing jobs. Plannit eliminates paper, endless back and forth messages and delays by automating communications and workflows, and keeps everything organized in a way that gives you a 360° view of your customers and work to be done at all times. To learn more, visit plannit.io or contact marketing@plannit.io Contact Details Simpay marketing@simpay.net Company Website https://www.simpay.net/

June 01, 2022 09:00 AM Eastern Daylight Time

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Why Influencer Marketing is Taking Over Online Advertising

TCM DIGITAL

TCM has launched NinjaInfluence, an all-in-one Influencer Marketing AI SaaS platform that provides an affordable yet powerful use of influencer marketing that enables eCommerce businesses to deal with increased ad costs and reduced marketing budgets due to unstable market sentiment. On Tuesday, May 24th, The Snap Company announced it will miss its projections due to decreased ad spending. The announcement triggered a spiral effect for most ad-driven super techs, such as Google and Facebook. This came as no surprise given the current environment, along with rising ad prices and macro headwinds likely to extend to every region of digital advertising. An article published by CNBC earlier this week states, “Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges, and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were getting hammered.” Following Snap’s disclosure, JMP Securities analysts shared, “Macro headwinds likely extend to all digital advertising.” They added that brand budgets, and especially digital ones, “are more at risk of being reduced as companies tighten ad budgets,” while direct response ads, or those that encourage viewers to take immediate action, are “more connected to consumer spend, particularly eCommerce.” Read the full CNBC article here. The eCommerce space is seeking alternative means to cut down advertising spending amid rising costs of social media ads in an environment that's highly volatile. Even now while ad costs rise, eCommerce has seen a massive uptick since the start of the pandemic, expected to total $5.55 trillion in 2022 and to grow by almost $11 trillion between 2021 and 2025. This increase can also be attributed to the effect of influenceres/online creators. An authentic and engaging presence online is critical to being disruptive in a saturated marketed experience. People want to be wowed, connect to something, and belong to a community. Enter influencers, a person valued by the audience much more than the classic pop-up ad. With such dedicated followings, you can shorten the sales cycle by standing apart from your competition. A strong brand doesn’t only optimize performance marketing in the short term but also makes it a source of sustainable growth. Stronger brands draw more organic acquisitions, retain more customers, and command higher sales. As the digital space becomes more crowded, brand identity and brand awareness will only become more crucial. When time is a critical commodity,one needs to be fast, agile, and ahead of its competitors. One needs to focus on brand equity and improve upon one's brand loyalty while maintaining one's ad spend. While inflationary pressure affects purchasing decisions, brands must strengthen their community reach and customer relationships. After spending over eight years operating within the eCommerce space both as an eCommerce seller and as a leading aggregator, we have experienced community creation, aptly named influencer marketing, first hand. But how do you go about finding the right influencers? Even if you do find the right influencers, how would you manage them, monetize, measure performance, and still be able to attend one's eCommerce business? Welcome to the solution of NinjaInfluence, TCM’s disruptive influencer marketing platform. With our dynamic and elastic AI search engine, we have curated a database of over 140 million influencers for you to filter and pinpoint the perfect brand representative. Each will be the champion brand ambassador and increase sales. Within the platform, you can conduct research, outreach, and campaign management along with tracking your real-time sales and social metrics. Even making payments to your influencers are just a click away using NinjaInfluence. You do not have to take the journey alone. Our team of Influencer Managers is here to oversee the entire process, from discovering and identifying the right influencer, to outreach and sending customized messages all the way to managing your entire marketing influencers funnel, your own dedicated Influencers Manager. With the assistance of the Influencer Manager, negotiate everything from partnership terms to campaign management as they set up eCommerce coupons, tracking links for sales, and social engagement. On June 1st at 9:00 am ET, the Ninjainfluence team will be conducting a live webinar. We invite you to join our live demonstration and roundtable discussion as we tackle the alternative means of online advertising and how to best engage with Influencers for the maximum outcome. To save your seat, click to register and write "Save my seat for the upcoming webinar." About NinjaInfluence NinjaInfluence is an influencer marketing software that supports users in easily managing their strategies and communicating with influencers/creators. Following up on its predecessor, NinjaOutreach, it provides access to over 140 million influencers across Instagram, TikTok, YouTube, and Twitter. In addition to its established search engine, NinjaInfluence offers a multitude of features such as eCommerce integration, full analytics dashboards, smart search manager, internal payment platform, related profile recommendation engine and a consolidated CRM-like workspace. Scalable and effective through its use of powerful big data technology, NinjaInfluence searches through millions of creators to intelligently identify qualified influencer leads, and enable the launch of influencer campaigns with traceable ROI. For more information, a free trial, or to subscribe to NinjaInfluence, visit https://NinjaInfluence.com/. Contact Details Gabi Bar +1 845-709-8324 gabi@tcmdigital.com Company Website https://ninjainfluence.com/

May 27, 2022 09:30 AM Eastern Daylight Time

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CORRECTING and REPLACING Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales

Volatus Aerospace Corp.

The headline of the release dated May 26, 2022 has been updated to read "Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales" sted "Volatus Aerospace Corp. Announces Record First Quarter Annual Sales" The updated release reads: Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), is pleased to announce record sales for the first quarter of 2022. The growth was driven by sales of products and solutions. Key Financial Highlights: Revenue for Q1 2022 was $4,807,829, an increase of 64% over the previous quarter and a sixteen-fold increase over the year-on-year quarter of 2021. The revenue was driven predominantly by organic growth across Canada, the USA, Latin America, and some parts of Europe. The drone services and training segment are lowest in the first quarter due to seasonality. Gross profit for Q1 2022 was $1,092,840 an increase of $930,748 over the same period in 2021. The increase in gross profit is due to scaling in product and service activities. Volatus recorded a comprehensive loss of $1,774,397 compared to a comprehensive loss of $1,328,628 in the previous quarter. This was due to increased investment in human resources and expansion activities. Operational Highlights: The Company achieved significant milestones in the first quarter of 2022, namely: Volatus scaled its activities in the United States and the United Kingdom, hiring key people in the public safety and defense sectors. As a result of the Russian invasion of Ukraine, the demand for defense related drones has significantly increased globally. The Company accelerated its plans to expand in Europe and nearby regions and is promoting its capabilities to provide ISR (Intelligence, Surveillance, Reconnaissance) and humanitarian cargo drone solutions. The Company is actively supporting non-government organizations (NGOs) including Mriya Aid and Second Front Ukraine in their efforts to support Ukraine. Volatus has entered numerous strategic partnerships with North American and European UAS manufacturers having unique capabilities in different sectors - providing a portfolio of technologies for it to commercialize and present as integrated solutions to its clients in the commercial, public safety and defense sectors. These technologies have been “Vetted by Volatus” – a program whereby a team of subject matter experts from Volatus perform due diligence on the technology and certify that it is ready for commercialization. The Company made a strategic move with the acquisition of MVT Geo Solutions Inc. on February 28, 2022. This acquisition enhanced Volatus' service and data processing capabilities in the province of Quebec and Eastern Canada. Volatus will integrate the operations of MVT to provide data insights and scale its LiDAR expertise across Canada. As part of creating a drone community, Volatus introduced Drone Network News available here. This communication channel was developed to inform various stakeholders in the industry, enable sharing of knowledge and informed decision making and increase the awareness and market exposure of Volatus as an industry expert. This channel highlights all the key developments in the drone industry across the globe through articles, discussions, and podcasts with key industry leaders. “Drones are the future and Volatus is the future of drones,” said Glen Lynch, President and CEO of Volatus. “During the quarter we have made considerable investments in equipment, inventory, sales personnel, and marketing in preparation for continued strong expansion during the remainder of 2022. We are committed to building the global drone company and running it sustainably.” The condensed consolidated interim financial statements for the three months ended March 31, 2022, and associated management discussion and analysis, are made available under the Company's profile on SEDAR at www.sedar.com Webinar In conjunction with this release, Volatus investor relations Kate McKenna will host a webinar on Tuesday, May 31 st at 11:00 AM EST at which time Glen Lynch, Chief Executive Officer, and Abhinav Singhvi, Chief Financial Officer, will review the quarterly results and major milestones. Investors are invited to join the webinar here Or One tap mobile: US: +13126266799,,82780365304# or +13462487799,,82780365304# Or Telephone: Dial(for higher quality, dial a number based on your current location): US: +1 312 626 6799 or +1 346 248 7799 or +1 646 558 8656 or +1 720 707 2699 or +1 253 215 8782 or +1 301 715 8592 Webinar ID: 827 8036 5304 International numbers available here. Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website here About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 26, 2022 05:32 PM Eastern Daylight Time

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How a Carbon Tax Can Help Address Climate Change

YourUpdateTV

As the United States’ fiscal challenges deepen and climate change worsens globally, the need to identify pro-growth solutions is a priority of policymakers. Alex Flint, executive director of the Alliance for Market Solutions (AMS), this week participated in a nationwide satellite media tour to discuss how a carbon tax can both address climate change and grow the economy. A video accompanying this announcement is available at: https://youtu.be/4H9P0JvFRVY For decades, the U.S. government has sought to curb carbon pollution and mandate energy efficiency standards through a host of regulations and tax subsidies. Today, conservatives and economists alike recognize that taxes are more efficient than regulations. Using a carbon tax to reduce carbon pollution costs the economy less than achieving the same result through regulation. A carbon tax can raise revenue—which a regulation or a suite of regulations cannot do—and can be used to reduce other, more distortionary taxes, which hinder economic growth, like the income tax. The result is a more efficient tax system that, while raising the same amount of revenue, allows the economy to grow faster, making it easier for the federal government to meet its fiscal obligations while reaching their climate goals. Congress is currently debating a carbon border adjustment mechanism, which would impose a fee on imports from countries with lower environmental standards and could serve a lynchpin for a domestic carbon pricing policy. For more information about a carbon tax and AMS, visit amsresearch.org About Alliance for Market Solutions AMS is a nonprofit educational organization of conservative leaders addressing two of America’s most pressing challenges: the need to reduce carbon pollution and grow the economy. We respect climate change science and support replacing regulations with a revenue-neutral carbon tax—policy that would efficiently protect the environment and deregulate and grow the economy. AMS engages directly with influential conservatives, including policymakers, to cultivate support for a revenue-neutral carbon tax. We also conduct research that demonstrates the viability and benefits of a carbon tax. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 26, 2022 11:00 AM Eastern Daylight Time

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