Company Announcements

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OTTAWA, ON , Oct. 29, 2024 /CNW/ - Martello Technologies Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a provider of user experience management solutions purpose-built for Microsoft Teams, is pleased to announce the appointment of Michael Contento to the Company's Board of Directors (the "Board"), effective November 4, 2024. Following Mr. Contento's appointment, the Board will comprise 7 directors.

Currently a Business Innovation Executive and Certified Exit Planning Advisor (CEPA) at F12.net, which provides IT and cyber security services to small and medium-sized businesses, Mr. Contento has a rich leadership background in the IT managed services sector. Prior to joining F12.net in late 2021, Mr. Contento was the CEO of My Blue Umbrella, a managed service provider (MSP) he founded in 1996 that grew at a 15% compound annual growth rate. My Blue Umbrella helped businesses become more productive and profitable by harnessing technology's power and potential through digital transformation and automation. Throughout his career, Mr. Contento has engaged in multiple entrepreneurial ventures, with a wide range of projects including IT solutions, real estate, franchises, and pharmacy retail.

"I'm pleased to welcome Michael to Martello's board of directors", said Terry Matthews, Chairman of Martello. "His entrepreneurial perspective and experience in the IT managed services sector will be invaluable to Martello as we scale our partner program. I look forward to working with Michael to bring even greater value to Microsoft and Mitel partners with Vantage DX."

"I am incredibly excited to join the board of directors at Martello," said Mr. Contento. "With a deep understanding of the managed IT services sector, I see limitless potential to empower our partners through Martello's Vantage DX SaaS-based experience management solution. By working together, we can create extraordinary opportunities for MSPs and their customers. Our focus will be on driving exceptional value through innovative, high-quality services that not only attract but retain customers for the long term."

Director appointments are subject to TSXV approval.

About Martello Technologies Group

Martello (TSXV: MTLO) is a technology company that provides user experience management solutions purpose-built for Microsoft Teams. The Company's Vantage DX solution enables IT teams to deliver a frictionless Microsoft Teams experience to their users. With Vantage DX, IT can move from reactive to proactive by detecting potential performance issues before they impact users, and speeding resolution time from days to minutes.  This leads to increased productivity, realizes efficiencies, and allows businesses to harness the full value of Microsoft Teams. Martello is a public company headquartered in Ottawa, Canada with employees in Europe, North America and the Asia Pacific region. Learn more at http://www.martellotech.com

This press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the "1933 Act") as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods and includes, but is not limited to, information, statements and expectations regarding activities, events or developments that the Company expects or anticipates will or may occur in the future.

Forward-looking information is neither a statement of historical fact nor assurance of future performance. Instead, forward-looking information is based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking information relates to the future, such statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking information. Therefore, you should not rely on any of the forward-looking information. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking information include, among others, the following:

• Continued volatility in the capital or credit markets and the uncertainty of additional financing.
• Our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so.
• Changes in customer demand.
• Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures or equipment.
• Delayed purchase timelines and disruptions to customer budgets, as well as Martello's ability to maintain business continuity as a result of COVID-19.
• and other risks disclosed in the Company's filings with Canadian Securities Regulators, including the Company's annual information form for the year ended March 31, 2021 dated January 7, 2022, which is available on the Company's profile on SEDAR at www.sedar.com .

Any forward-looking information provided by the Company in this news release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update any forward-looking information, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Martello Technologies Group Inc.