Mobio Technologies Inc. Announces Acquisition of Karve IT Ltd. and Change of Financial Year-End

(TheNewswire)

Vancouver, B.C. – September 25,2025 – TheNewswire -Mobio Technologies Inc.MBO (“Mobio” or the “Company”) is pleased to announcethat it has entered into a binding share purchase agreement to acquire310,000 of the issued and outstanding common shares of Karve IT Ltd.(“Karve”) from Plank Ventures Ltd. (“Plank”) by way ofissuance of 2,861,538 common shares in the capital of the Company toPlank (the “Acquisition”). Concurrently, Tracksuit Movers Inc.(“Tracksuit”), a wholly owned subsidiary of Mobio, will transferall of its investment in Karve consisting of 200,000 common shares inthe capital of Karve to Mobio by way of dividend in kind. It isanticipated that upon closing of the Acquisition, Mobio will holddirectly 100% of the issued and outstanding shares of Karve,making it the sole direct shareholder of Karve.

Karve is a British Columbia software developmentcompany operating under SaaS business model. Karve specializes indeveloping customer relationship management, franchise management andfield services software which enables operational scalability and datadriven workflows. Karve’s flagship product Move Right is in useacross 20 locations in North America.

Completion of the Acquisition is subject to acceptanceby the TSX Venture Exchange. The Acquisitioncannot close until the required TSX Venture Exchange acceptance is obtained. There can be no assurance that theAcquisition will be completed as proposed or at all. Investors arecautioned that, except as disclosed in the news release in connectionwith the Acquisition, any information released or received withrespect to the Acquisition may not be accurate or complete and shouldnot be relied upon.

Transaction Details:

Proposed Closing Date: September 30, 2025, or a latter date as determined uponTSX Venture Exchange acceptance of theAcquisition (the “Closing Date”).

Dividend in Kind: Tracksuitwill transfer its 200,000 shares in Karve to Mobio by way of dividendin kind on the Closing Date. Tracksuit’s shares in Karve have beenvalued at $120,000, or $0.60 per share.

Share Exchange: Mobio has entered into a share purchase agreement
with Plank whereby Mobio will acquire Plank’s investment in Karve
consisting of 310,000 common shares, in exchange for the issuance of
2,861,538 common shares of Mobio from treasury. Plank’s shares in
Karve have been valued at $186,000, or $0.60 per share, and the number
of Mobio shares to be issued to Plank was determined at the market
price closest to the date of the purchase agreement.

Finder’s Fees: No finder’s fees are payable in connection with the
Acquisition.

Non-Arm’s Length
Transaction: The Acquisition is considered a non-arm’s length
transaction as Mobio and Plank have common control and management.
 The Acquisition is exempt from the formal valuation
and shareholder approval requirements pursuant to sections 5.5 and 5.7
respectively of Multilateral Instrument 61-101 Protection of Minority
Security Holders in Special Transactions because the fair market value
of the transaction does not exceed 25% of market capitalization of
Mobio.

The Company also announces that its board of directors
had resolved to change the Company’s financial year end from
December 31 to September 30. The change in financial year-end has been
made to align with auditor availability while also maintaining quarterly
financial reporting periods to be the same as those of its operating
subsidiaries, thereby facilitating the
consolidation of its financial statements.

Tracksuit Movers Inc., a
private company and the operating subsidiary of Mobio, also changed
its financial year end from December 31 to September 30.

Further details regarding the change in financial
year-end, including the Company's length and ending dates of the
Company's financial reporting periods, its interim and annual
financial statements to be filed for the Company's transition
year and its new financial year, will be available in the
Company's Notice of Change of Year-End prepared in accordance
with Section 4.8 of National Instrument 51-102, and filed on the
Company's SEDAR+ profile, available at www.sedarplus.ca.

About Mobio Technologies Inc.

Mobio Technologies Inc. (MobioBrands.com), a TSX VentureExchange-listed company (TSXV:MBO), is actively building a leading portfolioof moving and moving-related service brands, united by a dedication toquality, integrity, and exceptional customer experiences. As a publiccompany, Mobio strategically invests in both moving services and technologysolutions, aiming to provide homeowners, businesses, and entrepreneurswith a trusted, seamless network for all moving and relocationneeds.

For additional information, please contact:

Laurie Baggio,CEO

Tel: 604-805-7498

Email: Investors@MobioBrands.com

CAUTIONARY NOTE REGARDINGFORWARD-LOOKING STATEMENTS

Other than statements of historical fact, allstatements included in this news release, including, withoutlimitation, statements regarding completion of the Acquisition, futureplans and objectives of Mobio, are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in suchstatements. Factors that could cause actual results to differmaterially from those expected by Mobio are those risksdescribed herein and from time to time, in the filings made byMobiowith Canadian securities regulators. Those filings can be found on theInternet at: www.sedarplus.ca.

Neither the TSX VentureExchange nor its Regulatory Services Provider (as that term isdefined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy oraccuracy of this release.

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