Carrier Connect Data Solutions Inc. to Acquire Australian Data Center

(TheNewswire)

VANCOUVER, British Columbia – TheNewswire - July 11, 2025 – Carrier Connect Data
Solutions Inc. (TSX.V:CCDS) (the “Company”) reports that, further
to its news release dated April 1, 2025, it has entered into a share
purchase agreement dated July 10, 2025 with Nexion Group Ltd. (the
“Vendor”) and Nexion W1 DC Pty Ltd. (the “Target”) to acquire
all of the outstanding share capital of the Target. The Target
operates a 2 Megawatt Tier II/III data center in Perth, Australia
servicing the Asia Pacific region and is a wholly owned subsidiary of
the Vendor.

In consideration for all of the outstanding share
capital of the Target, the Company will pay the Vendor AUD $2.5
million, including AUD $200,000 upfront, AUD $100,000 in 6 months and
AUD $2.2M amortized into monthly payments for a 25-year term at 9%
interest, as a secured vendor take back note.

Closing of the acquisition remains subject to a number
of conditions, including approval of the TSX Venture Exchange, and
such other conditions as are customary in transactions of this
nature.

About Carrier Connect Data Solutions
Inc.

Carrier Connect Data Solutions’ mission is to roll up
Tier II/III data centers internationally that specialize in delivering
co-location and data center solutions to AI companies, service
providers, enterprises and small businesses. Data centers are the
physical locations that store computing machines and their related
hardware equipment, such as servers, data storage drives, and network
equipment. As a carrier-neutral organization, Carrier’s systems are
fully independent and owned outright within its leased space. The
current principal market for the Company is the Vancouver Metropolitan
Area, where it serves clients who use its facility either as their
primary datacenter or as an ancillary site depending on their
needs.

ON BEHALF OF THE BOARD OF
DIRECTORS

“Mark Binns”

Mark Binns, CEO

For further information, please
contact:

Attention: Mark Binns, CEO

Email: mark@carrierconnectds.com  

Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the
adequacy of this release.

Cautionary Statement Regarding
Forward-Looking Information

This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. “Forward-looking information” includes, but is not
limited to, statements with respect to the activities, events or
developments that the Company expects or anticipates will or may occur
in the future. Generally, but not always, forward-looking information
and statements can be identified by the use of words such as
“plans”, “expects”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or the negative connotation
thereof or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved”
or the negative connotation thereof. Such forward-looking information
is based on numerous assumptions, including among others, that general
business and economic conditions will not change in a material adverse
manner. Although the assumptions made by the Company in providing
forward-looking information are considered reasonable by management at
the time, there can be no assurance that such assumptions will prove
to be accurate. Forward-looking information also involves known and unknown risks and uncertainties and other
factors, which may cause actual events or results in future periods to
differ materially from any projections of future events or results
expressed or implied by such forward-looking information or
statements, including, among others: negative operating cash flow and
dependence on third party financing, uncertainty of additional
financing, reliance on key management and other personnel, and the
risk factors with respect to the Company set out in the Company’s
filings with the Canadian securities regulators and available under
the Company’s profile on SEDAR+ at www.sedarplus.ca. Readersshould not place undue reliance on forward-looking statements orinformation. The Company undertakes no obligation to update or reissueforward-looking information as a result of new information or eventsexcept as required by applicable securities laws.

Copyright (c) 2025 TheNewswire - All rights reserved.