ICEsoft Releases 2024 Financial Results and Announces Strategic Initiative

Calgary, Alberta–(Newsfile Corp. – April 29, 2025) – ICEsoft Technologies Canada Corp. (CSE: ISFT) (the “Corporation” or the “Company” or “ICEsoft”) is pleased to announce its consolidated financial results for the years ended December 31, 2024 and 2023. Detailed results and Management’s discussion and analysis are now available on SEDAR at www.sedarplus.ca.

Annual highlights are as follows:

• The Company realized a net operating loss of $1,008 on revenues of $1,916,241
• ICEsoft’s Voyent Alert! service is now used by 700+ North American communities and enterprises.
• The Company has now realized 18 consecutive quarters of growth in subscription-based revenues.
• Client retention remains high, exceeding 97% and win rates in competitive situations exceed 80%.

“We continue to be pleased with the adoption of Voyent Alert! across the North American market. It has become a critical communication tool for local and regional governments both in times of crisis and for general day-to-day communications,” stated Brian McKinney, President and CEO.

In addition, the Company is announcing today that it has initiated a strategic review process to explore and evaluate potential options to enhance shareholder value.

About ICEsoft Technologies Canada Corp.:

ICEsoft Technologies Canada Corp. is a software-as-a-service (“SaaS”) company. ICEsoft’s newest product Voyent Alert! is an affordable Community Alerting Service specifically designed to meet the needs of small to medium sized municipalities, regional governments and campuses. The flexible platform serves the dual purpose of alerting and advising residents during a critical incident as well as providing targeted day-to-day communication services.

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 view the source version of this press release, please visit https://www.newsfilecorp.com/release/250171