Carrier Connect Data Solutions Inc. Completes Acquisition of Australian Data Center

(TheNewswire)

VANCOUVER, British Columbia – TheNewswire - July 23, 2025 – CarrierConnect Data Solutions Inc. (TSX.V:CCDS; OTCQB:CCDSF; WKN: A40XB1) (the“Company” or “Carrier”) reports that it has completed its
previously announced acquisition of all outstanding share capital of
Nexion W1 DC Pty Ltd. (the “Target”) from Nexion Group Ltd. (the
“Vendor”) pursuant to the terms of a share purchase agreement
dated July 10, 2025 (the “Agreement”).

The Target operates a 2 Megawatt Tier II/III data
center in Perth, Australia servicing the Asia Pacific region.
The acquisition marks a significant milestone in
the Company’s international expansion strategy, positioning the
Company as a growing consolidator of data center infrastructure
globally.

Under the terms of the Agreement, Carrier acquired 100%
of the issued and outstanding shares of the Target for an aggregate
purchase price of AUD $2.5 million, comprised of: (i) AUD $200,000 in
cash paid at closing; (ii) AUD $100,000 payable six months following
closing; and (iii) AUD $2.2 million under a secured vendor financing
arrangement, repayable over a 25-year term at 9% interest.

“The Perth closing represents a
major step forward in our strategy to build a global portfolio of Tier
II/III data centers. The Nexion W1 facility strengthens our presence
in the Asia-Pacific market and complements our Vancouver-based
operations, allowing us to better serve AI companies and co-location
enterprises across multiple geographies,” remarked Mark Binns, Chief
Executive Officer of the Company. “We have also added sticky monthly
recurring revenue of AUD ~$65,000 and a
completely built-out data center capable of generating up to AUD
~$350,000/month in revenue without any new capital investment. Today,
and going forward, Nexion W1 represents an excellent growth
opportunity, sitting at less than 20% rack utilization.”

The Company also entered into certain post-closing
agreements with the Vendor to ensure continuity of operations and
support during the integration period, including a management services
agreement and master customer agreement.

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 markets for the Company are Vancouver, Canada and
Perth, Australia, where it serves clients who use its facilities
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. Readers should not place undue reliance on forward-lookingstatements or information. The Company undertakes no obligation toupdate or reissue forward-looking information as a result of newinformation or events except as required by applicable securitieslaws.

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