VGrab Incorporates Duesenberg Inc. for Business Expansion

Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) -  VGrab Communications Inc. (OTCQB: VGRBF) (the "Company" or "VGrab"), an OTCQB-listed issuer, is pleased to announce that on October 1, 2020, the Company incorporated Duesenberg Inc., a Nevada corporation in the United States of America, to undertake the development of Electric Vehicle (EV) using the Duesenberg brand. Duesenberg is a 107 years old well-known American iconic heritage brand in the automotive industry and the Company acquired the rights to use the name in 2018.

Duesenberg Inc., a wholly-owned subsidiary of VGrab, will handle the Company's business expansion into the Duesenberg EV (Electric Vehicles) starting with the joint development for integrations of the vehicle software system with advance leading developer and suppliers for various components into the vehicle.

The Company has begun negotiations on prospective financing with various parties, however there is no assurance that funding will be secured.

Duesenberg is a famed American brand founded in 1913 and known as a manufacturer of racing cars and high-end luxury automobiles. Duesenberg automobiles have been used as pace cars at The Indy 500 and won the French Grand Prix at Le Mans.

Recently, a 1935 Duesenberg SSJ sold for $22 million becoming the most expensive American car ever sold at auction.

More information will be disclosed in the next coming weeks.

On behalf of the Board of Directors,
Lim, Hun Beng, President

CONTACT INFORMATION
VGrab Communications Inc.
604-648-0510

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals and research and development of an Electric Vehicle. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings, which are available at www.sec.gov. We seek safe harbour.

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