ICEsoft Announces Q1 2021 Financial Results and Scheduled Investor Call. Voyent Alert! Expanded to 228 Municipalities.

Calgary, Alberta--(Newsfile Corp. - May 28, 2021) - ICEsoft Technologies Canada Corp. (CSE: ISFT), the "Corporation" or the "Company" or "ICEsoft," is pleased to announce its consolidated financial results for the three months ended March 31, 2021 and 2020. Detailed results and management's discussion and analysis are now available on SEDAR.

Quarterly highlights are as follows:

• ICEsoft's Voyent Alert! service is now used by 228 North American municipalities representing a serviceable population of approximately 1.2M citizens.
• Voyent Alert! sales for Q1 2021 were approximately $100,000 - up 150% from the prior quarter.
• The Company continues to deploy capital to accelerate Voyent Alert! sales traction across multiple markets.
• ICEsoft operated Q1 2021 at near break-even with a cash-based net operating loss of $5,224 and remains well positioned with cash reserves to maximize continued growth of the Voyent Alert! service.

"The first quarter results reflect what we expect to be the worst of the pandemic's impact on our business," said Brian McKinney, CEO. "We are observing many of our customers actively readying their operations for the expected return to normal municipal operations. Voyent Alert! is positioned well to support the recovery with its solutions. We expect to show improved financial performance over the coming quarters, as vaccinations allow municipal decision makers to return to normal operations and to implement tools that allow for increased citizen engagement."

McKinney continued, "As has been the case in prior quarters, we continue to see strong demand for the Voyent Alert! product, in particular with small municipalities and regional districts. This strong demand is likely to continue throughout the recovery. In Q1 we onboarded 31 new municipalities representing an additional approximate 100,000 citizens under service."

Investor Call and Business Update:

An investor call to present Q1 2021 financials and to provide a general business update is scheduled for Thursday, June 3rd, 2021 at 10:30 AM MDT / 12:30 PM EDT. Parties interested in attending may do so using the following credentials.

Topic: ICEsoft Technologies Shareholder Update Call / Q1 Financials Review

Time: June 3rd, 2021 10:30 AM Mountain Time (US and Canada) / 12:30 PM Eastern Time (US and Canada)

Zoom Meeting URL:

https://us02web.zoom.us/j/81707327484?pwd=ekptNXU0S004d0pzZ3NyNnpoY0dQdz09

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Meeting ID: 817 0732 7484

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ABOUT:
Voyent Alert! is an ICEsoft Technologies solution created in 2018 to provide personalized and enriched communication services for municipalities, regional governments, first responders, organizations, and institutions. Built on ICEsoft's suite of legacy products, Voyent Alert! is a new Software-as-a-Service offering for delivering context-enriched notifications and content.

ICEsoft Technologies Canada Corp. (CSE: ISFT) is a software as a service ("SaaS") company. ICEsoft's current software, which is available as freeware with a pay to use version, is used by some 150,000 developers, 20,000 companies, and some 400 paying customers.

For more information, please contact:

Brian McKinney
Chief Executive Officer
Tel: 403-663-3320

Forward-Looking Information Advisory

Certain information in this press release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties, and assumptions. This forward-looking information includes, among other things, information with respect to the Corporate Changes, Private Placement and shares for debt transactions, assumptions about future economic conditions and courses of action, and the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this material change report describes the Company's expectations as of the date of this news release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.

To find the most recent news and information please visit icesoft.com, voyent-alert.com, or our most recent SEDAR filings. We do not engage in active investor relations campaigns, nor do we engage in/with chat rooms, forums, or online discussion boards.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85682