Tag: GlobeNewswire

Southlake, TX, Oct. 06, 2026 (GLOBE NEWSWIRE) — HeartSciences Inc. (Nasdaq: HSCS; HSCSW) (“HeartSciences” or the “Company”), a healthcare information technology (“HIT”) company focused on advancing electrocardiography (“ECG” or “EKG”) through the integration of artificial intelligence (“AI”), today announced that the U.S. Food and Drug Administration (“FDA”) has granted 510(k) clearance (K260005) for its MyoVista® wavECG^TM device as a 12-lead resting electrocardiograph. The clearance covers the acquisition and interpretation of ECG signals from adult and pediatric patients in hospitals and healthcare facilities, with interpretive statements provided to clinicians on an advisory basis. The clearance does not include an AI-ECG algorithm.

As previously reported, HeartSciences separated the FDA submissions for the MyoVista wavECG device and its impaired cardiac relaxation AI-ECG algorithm following updated guidance published by the American Society of Echocardiography regarding the assessment of left ventricular diastolic dysfunction. The Company does not intend to commercialize the device without a cleared AI-ECG algorithm and has made no commitment to, and has no timeline for, commercialization of the device. The clearance does, however, broaden the potential options available to the Company for the device and its related intellectual property, which the Company intends to evaluate.

Andrew Simpson, CEO of HeartSciences, said, “This clearance is the result of several years of work by our clinical, regulatory and engineering teams, and I want to thank them for the quality and persistence of that effort. Our commercial focus remains on MyoVista Insights, but clearance makes the device and the intellectual property behind it a more readily realizable asset, and we will take the time to consider the best route to realizing that value.”

Proposed Transaction with Fortitude

The proposed business combination with Fortitude Mining Holdings, Inc. (“Fortitude”), announced in June 2026 (the “Proposed Transaction”), continues to progress. The Company expects to close the Proposed Transaction in Q4 calendar 2026, subject to customary closing conditions, including approval by HeartSciences’ shareholders.

About HeartSciences

HeartSciences is a healthcare information technology company advancing the use of ECG/EKGs through the integration of artificial intelligence. HeartSciences’ MyoVista Insights™ Platform is a cloud-native, vendor- and device-agnostic ECG management system designed to modernize ECG workflows and improve clinical efficiency and decision-making. The platform’s AI-ECG marketplace is designed to deliver AI-ECG algorithms into clinical workflows across a health system’s existing ECG equipment.

For more information, please visit www.heartsciences.com and follow HeartSciences on X @HeartSciences.

About Fortitude

Fortitude, currently wholly-owned by Digital Currency Group, Inc. (“DCG”), is an institutional-scale, vertically integrated venture mining platform operating across the Proof-of-Work ecosystem and anchored in Zcash. Fortitude pairs self-mining operations with an owned data center footprint, a diversified power portfolio backed by competitive long-term contracts, and disciplined capital allocation to identify and scale high-conviction opportunities in emerging Proof-of-Work ecosystems, beginning with its leadership position in the Zcash network. Fortitude is led by an experienced team of operators, capital markets professionals, and digital asset specialists with a track record of identifying and scaling high-conviction opportunities and building privacy-preserving digital asset infrastructure.

For more information, visit www.fortitudemining.com and follow Fortitude on X at @FortitudeCrypto.

In the ordinary course of business, Fortitude currently sells or otherwise monetizes all the digital assets that it mines, including ZEC. In addition, Fortitude and its affiliates and subsidiaries, including DCG, from time to time sell, pledge or otherwise monetize their digital asset holdings, including ZEC. The funds received from such sales, pledges, or other monetization activities are used to fund operating expenses and capital investments, as well as for other purposes, including to hedge exposures and realize investment gains.

Cautionary Note Regarding Forward-Looking Information

This press release may contain forward-looking statements concerning HeartSciences, Fortitude and the Proposed Transaction and other matters. These forward-looking statements generally can be identified by the use of words such as “aim,” “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” “potential,” “target,” “objective,” “intend,” and other words of similar meaning, but the absence of these words does not mean that a statement is not forward-looking. All statements HeartSciences and/or Fortitude make in communications that do not relate to matters of historical fact should be considered forward-looking statements.

These forward-looking statements are based on management’s current expectations and assumptions as of the date of this press release and are subject to a number of known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements, which may include, without limitation, the following: the risk that the Proposed Transaction may not be completed on the anticipated timeline or at all; the failure to satisfy the conditions to the closing of the Proposed Transaction, including obtaining the requisite approval of HeartSciences’ shareholders; market, macroeconomic, or other conditions that could adversely affect either HeartSciences or Fortitude, or the combined company; risks related to the integration of the two companies and the management of a newly public company; risks relating to Fortitude’s operations and business, including the highly volatile nature of the price of Zcash and other cryptocurrencies; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the commercialization of MyoVista Insights^TM, including the rate of adoption by healthcare providers and the conversion of agreements into revenue; and risks relating to the MyoVista wavECG device, including the Company’s ability to realize value from the device and related intellectual property, and the recoverability of the related inventory. Additional factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements in this press release are discussed in HeartSciences’ amended preliminary proxy statement on Schedule 14A, filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 6, 2026, in connection with the Proposed Transaction (the “Preliminary Proxy Statement”), HeartSciences’ 2026 Annual Report on Form 10-K, filed with the SEC on July 23, 2026, HeartSciences’ Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2026, filed with the SEC on September 14, 2026, and its other reports filed with the SEC from time to time. Readers are cautioned not to place undue reliance on these forward-looking statements. Each of HeartSciences and Fortitude expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. All forward-looking statements are made as of the date of this press release.

Additional Information About the Proposed Transaction and Where to Find It

This press release may be deemed solicitation material in respect of the Proposed Transaction. In connection with the Proposed Transaction, HeartSciences has filed the Preliminary Proxy Statement and may file additional relevant materials with the SEC. Following the filing of a definitive proxy statement with the SEC, HeartSciences will mail the definitive proxy statement and a proxy card to each shareholder entitled to vote at the special meeting relating to the Proposed Transaction. INVESTORS AND SHAREHOLDERS OF HEARTSCIENCES ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT HEARTSCIENCES HAS FILED OR MAY FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT HEARTSCIENCES AND THE PROPOSED TRANSACTION. THIS PRESS RELEASE DOES NOT CONTAIN ALL THE INFORMATION THAT SHOULD BE CONSIDERED CONCERNING THE PROPOSED TRANSACTION AND RELATED MATTERS AND IS NOT INTENDED TO PROVIDE THE BASIS FOR ANY INVESTMENT DECISION OR ANY OTHER DECISION IN RESPECT OF SUCH MATTERS. The Preliminary Proxy Statement, the definitive proxy statement and other relevant materials in connection with the Proposed Transaction (when they become available), and any other documents filed by HeartSciences with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders may obtain free copies of the documents filed with the SEC by sending a request to the HeartSciences Investor Relations Department at investorrelations@heartsciences.com.

Participants in the Solicitation

HeartSciences and Fortitude, their respective directors and executive officers, and certain executive officers of DCG may be deemed to be participants in the solicitation of proxies from HeartSciences’ shareholders with respect to the Proposed Transaction. Information regarding the identity of the potential participants, and their direct or indirect interests in the Proposed Transaction, by security holdings or otherwise, is set forth in the Preliminary Proxy Statement and other materials have been or may be filed with the SEC in connection with the Proposed Transaction.

No Offer or Solicitation

Any information contained herein is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Proposed Transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. The Proposed Transaction will be implemented solely pursuant to the terms and conditions of the merger agreement, which contain the full terms and conditions of the Proposed Transaction.

Investor Relations and Media Contacts:
HeartSciences
Integrous Communications
Mark Komonoski
Phone: 877-255-8483
Email: mkomonoski@integcom.us

Trailing 14-day average deposits reach approximately $119.3 million as of quarter end, up 7.4% year-over-year and approximately 25% above the May 2025 low, as deposit growth accelerates for the second consecutive quarter

Recent Federal Reserve rate increase expected to add approximately $150,000 investment income annually

DENVER, Oct. 06, 2026 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a Safe Harbor (the “Company” or “Safe Harbor”) (NASDAQ: SHFS), a leading fintech platform serving the banking, lending and financial services needs of the regulated cannabis and hemp industries, today announced certain preliminary deposit information for the third quarter ended September 30, 2026, ahead of its third quarter 2026 earnings release.

Safe Harbor’s trailing 14-day average deposit balance was approximately $119.3 million as of September 30, 2026, compared with approximately $111.1 million as of September 30, 2025, up 7.4% and approximately 25% above the trailing 14-day average low of approximately $95.3 million recorded in May 2025. The quarter-end trailing 14-day balance is the Company’s highest since April 2024.

The trailing 14-day average client deposits increased approximately 4.1% from $104.6 million as of March 31, 2026, to approximately $108.9 million as of June 30, 2026, and increased approximately 9.6% sequentially to approximately $119.3 million as of September 30, 2026. The sequential increase in the third quarter was more than double the increase recorded in the second quarter.

Safe Harbor also expects revenue to benefit from the higher interest rate environment. Based on client deposit and loan balances as of September 30, 2026, and assuming those balances and the Company’s current arrangements with its partner financial institutions remain unchanged, the Company estimates that the Federal Reserve’s 25-basis-point increase in the federal funds target rate on September 16, 2026 will contribute approximately $150,000 in incremental annualized investment income. Actual results will depend on future balances, partner institution arrangements and any subsequent changes in interest rates, including rate decreases.

“The continued growth in deposits reflects the strength of the strategy we have put in place,” said Terry Mendez, CEO of Safe Harbor. “As we broaden our platform across banking, lending, business solutions and institutional infrastructure, we are deepening client relationships and expanding the opportunity to capture more of their financial activity. We believe the continued momentum in deposits demonstrates the value of building a broader financial platform around the needs of the cannabis clients we service on behalf of financial institutions.”

Key Performance Indicator: Trailing 14-Day Average Client Deposits

The trailing 14-day average client deposit balance is the average of the aggregate end-of-day balances of deposit accounts of Safe Harbor’s clients held at its partner financial institutions for the 14 consecutive calendar days ending on the measurement date. Management uses this metric, rather than a single-day balance, because it smooths fluctuations caused by clients’ two-week payroll cycles and therefore better reflects underlying deposit levels. These deposits are held by and are liabilities of Safe Harbor’s partner financial institutions; they are not deposits of Safe Harbor and are not reflected on Safe Harbor’s consolidated balance sheet. Safe Harbor earns investment income on a portion of these balances under its arrangements with its partner financial institutions, and changes in deposit balances do not necessarily correspond to proportional changes in Safe Harbor’s revenue. The metric has been calculated on a consistent basis for all periods presented and may not be comparable to similarly titled measures used by other companies.

Preliminary Results

The preliminary deposit information in this press release is based on information available to management as of the date of this release, has not been audited or reviewed by Safe Harbor’s independent registered public accounting firm, and remains subject to completion of the Company’s normal quarter-end closing and review procedures. Final information may differ materially. This information is not a comprehensive statement of Safe Harbor’s financial results for the quarter, and investors should not draw conclusions regarding revenue, net income or other results from it. Safe Harbor plans to report full third quarter 2026 financial results at a later date to be announced.

About Safe Harbor:

Safe Harbor is a cannabis-exclusive financial platform delivering smarter banking, lending, payments and business services, and institutional solutions tailored to how the cannabis industry actually operates. As one of the original pioneers of compliant financial operations support and cannabis banking consulting in the U.S., Safe Harbor has assisted in the processing of more than $36 billion in cannabis-related depository funds across 41 states and territories since inception. Through its proprietary technology, platform and network of regulated financial institution partners, Safe Harbor empowers cannabis operators to gain clarity, control and confidence in their financial operations. From daily banking and compliance infrastructure to long-term growth, Safe Harbor provides real solutions and personal support, built exclusively for cannabis. Safe Harbor is a financial technology company, not a bank. Banking services are provided by our partner financial institutions. For more information, visit shfinancial.org.

Cautionary Statement Regarding Forward-Looking Statements:

Certain information contained in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included herein may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S. and state laws, rules, regulations and guidance relating to Safe Harbor’s services; the anticipated impact of Federal Reserve interest rate actions on Safe Harbor’s revenue and profit; the Company’s expectations regarding continued deposit growth and the drivers of that growth; preliminary and unaudited financial information, which remains subject to completion of the Company’s normal quarter-end and quarterly closing procedures and could differ from final results; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operational performance, including relative to its competitors and historical performance; success or viability of new product and service offerings Safe Harbor may introduce in the future; the impact of volatility in the capital markets, which may adversely affect the price of Safe Harbor’s securities; the outcome of any legal proceedings that have been or may be brought by or against Safe Harbor; and other statements regarding Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Safe Harbor’s filings with the U.S. Securities and Exchange Commission. Safe Harbor undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Safe Harbor Investor Relations Contact:
ir@SHFinancial.org

Safe Harbor Media Relations Contact:
safeharbor@kcsa.com

Trailing 14-day average deposits reach approximately $119.3 million as of quarter end, up 7.4% year-over-year and approximately 25% above the May 2025 low, as deposit growth accelerates for the second consecutive quarter

Recent Federal Reserve rate increase expected to add approximately $150,000 investment income annually

DENVER, Oct. 06, 2026 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a Safe Harbor (the “Company” or “Safe Harbor”) (NASDAQ: SHFS), a leading fintech platform serving the banking, lending and financial services needs of the regulated cannabis and hemp industries, today announced certain preliminary deposit information for the third quarter ended September 30, 2026, ahead of its third quarter 2026 earnings release.

Safe Harbor’s trailing 14-day average deposit balance was approximately $119.3 million as of September 30, 2026, compared with approximately $111.1 million as of September 30, 2025, up 7.4% and approximately 25% above the trailing 14-day average low of approximately $95.3 million recorded in May 2025. The quarter-end trailing 14-day balance is the Company’s highest since April 2024.

The trailing 14-day average client deposits increased approximately 4.1% from $104.6 million as of March 31, 2026, to approximately $108.9 million as of June 30, 2026, and increased approximately 9.6% sequentially to approximately $119.3 million as of September 30, 2026. The sequential increase in the third quarter was more than double the increase recorded in the second quarter.

Safe Harbor also expects revenue to benefit from the higher interest rate environment. Based on client deposit and loan balances as of September 30, 2026, and assuming those balances and the Company’s current arrangements with its partner financial institutions remain unchanged, the Company estimates that the Federal Reserve’s 25-basis-point increase in the federal funds target rate on September 16, 2026 will contribute approximately $150,000 in incremental annualized investment income. Actual results will depend on future balances, partner institution arrangements and any subsequent changes in interest rates, including rate decreases.

“The continued growth in deposits reflects the strength of the strategy we have put in place,” said Terry Mendez, CEO of Safe Harbor. “As we broaden our platform across banking, lending, business solutions and institutional infrastructure, we are deepening client relationships and expanding the opportunity to capture more of their financial activity. We believe the continued momentum in deposits demonstrates the value of building a broader financial platform around the needs of the cannabis clients we service on behalf of financial institutions.”

Key Performance Indicator: Trailing 14-Day Average Client Deposits

The trailing 14-day average client deposit balance is the average of the aggregate end-of-day balances of deposit accounts of Safe Harbor’s clients held at its partner financial institutions for the 14 consecutive calendar days ending on the measurement date. Management uses this metric, rather than a single-day balance, because it smooths fluctuations caused by clients’ two-week payroll cycles and therefore better reflects underlying deposit levels. These deposits are held by and are liabilities of Safe Harbor’s partner financial institutions; they are not deposits of Safe Harbor and are not reflected on Safe Harbor’s consolidated balance sheet. Safe Harbor earns investment income on a portion of these balances under its arrangements with its partner financial institutions, and changes in deposit balances do not necessarily correspond to proportional changes in Safe Harbor’s revenue. The metric has been calculated on a consistent basis for all periods presented and may not be comparable to similarly titled measures used by other companies.

Preliminary Results

The preliminary deposit information in this press release is based on information available to management as of the date of this release, has not been audited or reviewed by Safe Harbor’s independent registered public accounting firm, and remains subject to completion of the Company’s normal quarter-end closing and review procedures. Final information may differ materially. This information is not a comprehensive statement of Safe Harbor’s financial results for the quarter, and investors should not draw conclusions regarding revenue, net income or other results from it. Safe Harbor plans to report full third quarter 2026 financial results at a later date to be announced.

About Safe Harbor:

Safe Harbor is a cannabis-exclusive financial platform delivering smarter banking, lending, payments and business services, and institutional solutions tailored to how the cannabis industry actually operates. As one of the original pioneers of compliant financial operations support and cannabis banking consulting in the U.S., Safe Harbor has assisted in the processing of more than $36 billion in cannabis-related depository funds across 41 states and territories since inception. Through its proprietary technology, platform and network of regulated financial institution partners, Safe Harbor empowers cannabis operators to gain clarity, control and confidence in their financial operations. From daily banking and compliance infrastructure to long-term growth, Safe Harbor provides real solutions and personal support, built exclusively for cannabis. Safe Harbor is a financial technology company, not a bank. Banking services are provided by our partner financial institutions. For more information, visit shfinancial.org.

Cautionary Statement Regarding Forward-Looking Statements:

Certain information contained in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included herein may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S. and state laws, rules, regulations and guidance relating to Safe Harbor’s services; the anticipated impact of Federal Reserve interest rate actions on Safe Harbor’s revenue and profit; the Company’s expectations regarding continued deposit growth and the drivers of that growth; preliminary and unaudited financial information, which remains subject to completion of the Company’s normal quarter-end and quarterly closing procedures and could differ from final results; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operational performance, including relative to its competitors and historical performance; success or viability of new product and service offerings Safe Harbor may introduce in the future; the impact of volatility in the capital markets, which may adversely affect the price of Safe Harbor’s securities; the outcome of any legal proceedings that have been or may be brought by or against Safe Harbor; and other statements regarding Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Safe Harbor’s filings with the U.S. Securities and Exchange Commission. Safe Harbor undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Safe Harbor Investor Relations Contact:
ir@SHFinancial.org

Safe Harbor Media Relations Contact:
safeharbor@kcsa.com

• New contracts through wholly owned subsidiary expand the deployment of Fire 4Cast and Disaster AI Platform across mixed-use and commercial development projects
• Broadens the Company’s Physical AI technology platform base while pursuing additional commercial deployment opportunities across South Korea, North America and other international markets

SEONGNAM, South Korea, Oct. 06, 2026 (GLOBE NEWSWIRE) — Roze AI Inc. (Nasdaq: RZAI, “Roze AI” or the “Company”), a Physical AI technology company focused on disaster prevention and safety management, today announced that its wholly owned Korean operating subsidiary, Roze AI Korea Co., Ltd., has entered into new contracts valued at KRW 16,400,600,000 (approximately US$12.2 million), excluding value-added tax (VAT) to deploy the Company’s AI-powered fire safety and disaster prevention technologies across mixed-use and commercial development projects in South Korea. The new contracts further expand Roze AI’s customer base and commercial deployment footprint in South Korea, broadening the Company’s project portfolio across commercial, residential and facility environments.

The contracts cover three separate development sites in South Korea and include digital twin AI platforms, fire protection equipment and related installation works:
1. Seocho ALT1 – Hajo (㈜하조): a mixed-use development site at 1310-5 Seocho-dong, Seocho-gu, Seoul. Contract value: KRW 6,444,800,000, excluding VAT.

2. Seocho ALT2 – Hajo (㈜하조): a separate mixed-use development site at the same street address. Contract value: KRW 7,837,600,000, excluding VAT.

3. Nonhyeon ALT1 – IJ (주식회사 아이제이): the new Soraepogu Fish Market development at 111-58 Nonhyeon-dong, Namdong-gu, Incheon. Contract value: KRW 2,118,200,000, excluding VAT.

Based on the Company’s current project schedules, construction at all three sites is expected to commence in the first half of 2027. The contract amounts are based on preliminary designs and may be revised following detailed design changes. Delivery and installation schedules remain subject to construction progress and mutual agreement under the contracts, which also allow project changes, postponement or cancellation. The stated contract values are not revenue guidance.

Including VAT, the aggregate contract amount is KRW 18,040,660,000 (approximately US$13.4 million). The contracts are denominated in Korean won. U.S. dollar equivalents are provided for reference only, using a cross-rate of approximately KRW 1,342.18 per US$1 derived from the Bank of Canada’s daily exchange rates for October 5, 2026.

Young Jin Cho, Chief Executive Officer of Roze AI, said, “These contracts are a meaningful step in scaling our commercial business and reflect growing demand from developers for preventive fire safety in large residential and mixed-use projects. South Korea is an important market where Roze AI has applied its technologies across a range of real-world environments and gained experience in commercial deployment. Our goal is to use AI and Physical AI technologies to advance disaster management from a focus on post-incident response toward earlier risk identification and preventive action.”

Roze AI develops AI-powered disaster prevention technologies designed to identify potential fire and disaster risks at an early stage and support preventive action before incidents occur. The Company continues to enhance these technologies through ongoing research and development.

Mr. Cho added, “We intend to expand our Physical AI technologies across a broader range of real-world environments, including buildings and infrastructure. We will continue to pursue customers, strategic partners and additional commercial deployment opportunities in North America and other global markets while continuing to advance our core technology platform.”

Physical AI and Predictive Fire Risk Intelligence
Roze AI has developed an integrated Physical AI technology platform that combines AI, IoT sensing, wireless sensing, data analytics and digital twin technologies to support disaster prevention, real-time monitoring and safety response.

The Company’s flagship Fire 4Cast system utilizes data collected from wireless sensors installed throughout monitored buildings and facilities. The Disaster AI Platform (DAP) analyzes sensor and facility data and utilizes AI and digital twin technologies to generate a Fire Risk Index.

Based on this information, the platform is designed to help building and facility operators identify potential risk signals at an early stage and support timely preventive action.

Expanding Commercial Deployment and International Opportunities
Building on its technology deployment experience and commercial project activity in South Korea, Roze AI plans to continue expanding its business base domestically while pursuing customers, strategic partnerships and commercial deployment opportunities in North America and other international markets, across a broader range of environments including buildings, infrastructure, smart cities and high-risk facilities.

In connection with the Company’s Nasdaq listing and capital markets activities, Roze AI received advisory and support services from Wedo Business Solutions Ltd. and River Sky Partners Inc. The Company acknowledges the contributions of these advisors in connection with its Nasdaq listing and related capital markets activities.

About Roze AI Inc.
Roze AI is a Physical AI technology company incorporated under the laws of British Columbia, Canada, with its principal executive offices in Seongnam, South Korea. The Company conducts its operating business through its wholly owned subsidiary, Roze AI Korea Co., Ltd., based in Seongnam, South Korea.

The Company combines artificial intelligence, IoT sensing, data analytics and digital twin technologies to support real-time risk monitoring, risk information analysis, early identification of potential hazards and preventive safety response.
Through Roze AI Korea Co., Ltd., the Company develops and provides solutions including Fire 4Cast and the Disaster AI Platform (DAP) for applications in buildings, facilities and urban infrastructure environments.

For more information, please visit www.rozeai.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “seeks,” “aims,” and similar expressions referring to future periods. Forward-looking statements in this press release include statements regarding the expected effects of the new contracts, potential future revenue recognition, the timing and execution of project deployments, expansion of the Company’s business and technology platform, technology adoption, international market opportunities, strategic partnerships, and business strategy. These forward-looking statements are based on the Company’s current expectations, assumptions and beliefs and are subject to significant risks and uncertainties. Actual results may differ materially from those expressed or implied due to factors including delays or changes in project schedules, availability and timing of project financing, changes to detailed designs and resulting revisions to contract amounts, project postponement or cancellation, customer requirements, contract execution, revenue recognition timing, technological developments, competitive pressures, regulatory requirements, market conditions, and the Company’s ability to secure and execute agreements in North America and other international markets, as well as other risks described in the Company’s filings with the U.S. Securities and Exchange Commission (SEC). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor Relations / Media Relations
Roze AI Inc.
Investor Relations: Seoghun Cho, COO
Media Relations: Sangmin Lee, Executive Director
Email: ir@rozeai.com
Phone: +82-31-736-5308

Investor Relations – North America
KCSA Strategic Communications
Email: rozeai@kcsa.com

TOKYO, Oct. 06, 2026 (GLOBE NEWSWIRE) — NEW ART HOLDINGS Co., Ltd. (TSE Standard Market: 7638) (“NEW ART” or the “Company”), a leading Japanese bridal jewelry group operating the EXELCO DIAMOND and GINZA DIAMOND SHIRAISHI brands, today announced the grand opening of its second dual-brand location in Singapore.

The EXELCO DIAMOND and GINZA DIAMOND SHIRAISHI Suntec City stores, situated on the first floor of Suntec City Mall at 3 Temasek Boulevard, 01-367 in the Marina Centre district and operated by NEW ART DIAMONDS (SINGAPORE) PTE. LTD., a wholly owned subsidiary of the Company, welcomed their first customers on September 28, 2026.

Complementary Locations Across Singapore’s Defining Retail Destinations

NEW ART’s inaugural Singapore presence, its dual-branded boutiques at Takashimaya Shopping Centre on Orchard Road, established the Group’s footprint in one of Asia’s most iconic retail corridors, a destination renowned for its concentration of global luxury brands and its draw for discerning shoppers from across the region.

The Suntec City expansion broadens that reach into one of Singapore’s largest and most dynamic commercial and lifestyle destinations. Home to more than 360 stores and over 100 dining establishments and accessible via two MRT stations – Promenade and Esplanade – Suntec City Mall draws a broad and multigenerational audience, with a particular resonance among younger customers who represent an important and growing segment for both brands.

The two locations are designed to function in a complementary fashion: the Takashimaya boutiques serve as a brand showcase aimed at affluent and internationally oriented clientele, while the Suntec City stores seek to extend the Group’s reach to a wider cross-section of Singapore customers across life stages and occasions.

In Step with Singaporean Couples

NEW ART brings to Singapore the bridal jewelry expertise it has cultivated over more than three decades in Japan, encompassing deep diamond knowledge, made-to-order and semi-custom product development, and a hallmark approach to attentive, consultation-based customer service.

The Group’s Singapore strategy places particular emphasis on digital engagement, leveraging web and social media channels to reach customers from the earliest stage of their engagement and wedding planning journey. NEW ART’s approach aims to establish a seamless path from initial online discovery through to in-store consultation and purchase.

Singapore as a Gateway to ASEAN

Singapore represents more than a target growing market, it is intended to be the Company’s strategic gateway to Southeast Asia. With an expanding footprint across the island, NEW ART seeks to build a lasting regional presence that reflects the full depth and quality of both brands, as the Group continues to pursue disciplined growth in the global bridal jewelry market.

“Singapore has been a remarkably receptive market for our brands and this second location reflects our confidence in its continued potential,” said Tetsuya Shiraishi, Representative Director of NEW ART DIAMONDS (SINGAPORE) PTE. LTD. “Suntec City speaks to a new generation of customers and that is exactly where we want EXELCO DIAMOND and GINZA DIAMOND SHIRAISHI to be. We are proud to build on the strong foundation we established with our first stores on Orchard Road, and we look forward to welcoming many more Singapore customers into our world.”

About NEW ART HOLDINGS Co., Ltd.

Founded in September 1994 and headquartered in Ginza, Tokyo, NEW ART HOLDINGS Co., Ltd. (TSE Standard Market: 7638) is Japan’s leading specialist in bridal diamond jewelry, guided by the philosophy: “We harness the transformative power of art to inspire beauty, health, and happiness.” The Group operates a diversified portfolio spanning bridal jewelry, fine art, auction services, health & beauty, the food business in Hong Kong, and apparel across 17 consolidated subsidiaries — nine domestic and eight international.

The Group’s flagship jewelry brands, GINZA DIAMOND SHIRAISHI and EXELCO DIAMOND, operate 156 stores globally — 128 across Japan and 28 internationally, spanning Taiwan, Hong Kong, Singapore and South Korea.

For more information, please visit: www.newart-ir.jp

Japan Media Contact

NEW ART HOLDINGS Co., Ltd.

IR Email: ir_inquiry@newart-global.com

• New contracts through wholly owned subsidiary expand the deployment of Fire 4Cast and Disaster AI Platform across mixed-use and commercial development projects
• Broadens the Company’s Physical AI technology platform base while pursuing additional commercial deployment opportunities across South Korea, North America and other international markets

SEONGNAM, South Korea, Oct. 06, 2026 (GLOBE NEWSWIRE) — Roze AI Inc. (Nasdaq: RZAI, “Roze AI” or the “Company”), a Physical AI technology company focused on disaster prevention and safety management, today announced that its wholly owned Korean operating subsidiary, Roze AI Korea Co., Ltd., has entered into new contracts valued at KRW 16,400,600,000 (approximately US$12.2 million), excluding value-added tax (VAT) to deploy the Company’s AI-powered fire safety and disaster prevention technologies across mixed-use and commercial development projects in South Korea. The new contracts further expand Roze AI’s customer base and commercial deployment footprint in South Korea, broadening the Company’s project portfolio across commercial, residential and facility environments.

The contracts cover three separate development sites in South Korea and include digital twin AI platforms, fire protection equipment and related installation works:
1. Seocho ALT1 – Hajo (㈜하조): a mixed-use development site at 1310-5 Seocho-dong, Seocho-gu, Seoul. Contract value: KRW 6,444,800,000, excluding VAT.

2. Seocho ALT2 – Hajo (㈜하조): a separate mixed-use development site at the same street address. Contract value: KRW 7,837,600,000, excluding VAT.

3. Nonhyeon ALT1 – IJ (주식회사 아이제이): the new Soraepogu Fish Market development at 111-58 Nonhyeon-dong, Namdong-gu, Incheon. Contract value: KRW 2,118,200,000, excluding VAT.

Based on the Company’s current project schedules, construction at all three sites is expected to commence in the first half of 2027. The contract amounts are based on preliminary designs and may be revised following detailed design changes. Delivery and installation schedules remain subject to construction progress and mutual agreement under the contracts, which also allow project changes, postponement or cancellation. The stated contract values are not revenue guidance.

Including VAT, the aggregate contract amount is KRW 18,040,660,000 (approximately US$13.4 million). The contracts are denominated in Korean won. U.S. dollar equivalents are provided for reference only, using a cross-rate of approximately KRW 1,342.18 per US$1 derived from the Bank of Canada’s daily exchange rates for October 5, 2026.

Young Jin Cho, Chief Executive Officer of Roze AI, said, “These contracts are a meaningful step in scaling our commercial business and reflect growing demand from developers for preventive fire safety in large residential and mixed-use projects. South Korea is an important market where Roze AI has applied its technologies across a range of real-world environments and gained experience in commercial deployment. Our goal is to use AI and Physical AI technologies to advance disaster management from a focus on post-incident response toward earlier risk identification and preventive action.”

Roze AI develops AI-powered disaster prevention technologies designed to identify potential fire and disaster risks at an early stage and support preventive action before incidents occur. The Company continues to enhance these technologies through ongoing research and development.

Mr. Cho added, “We intend to expand our Physical AI technologies across a broader range of real-world environments, including buildings and infrastructure. We will continue to pursue customers, strategic partners and additional commercial deployment opportunities in North America and other global markets while continuing to advance our core technology platform.”

Physical AI and Predictive Fire Risk Intelligence
Roze AI has developed an integrated Physical AI technology platform that combines AI, IoT sensing, wireless sensing, data analytics and digital twin technologies to support disaster prevention, real-time monitoring and safety response.

The Company’s flagship Fire 4Cast system utilizes data collected from wireless sensors installed throughout monitored buildings and facilities. The Disaster AI Platform (DAP) analyzes sensor and facility data and utilizes AI and digital twin technologies to generate a Fire Risk Index.

Based on this information, the platform is designed to help building and facility operators identify potential risk signals at an early stage and support timely preventive action.

Expanding Commercial Deployment and International Opportunities
Building on its technology deployment experience and commercial project activity in South Korea, Roze AI plans to continue expanding its business base domestically while pursuing customers, strategic partnerships and commercial deployment opportunities in North America and other international markets, across a broader range of environments including buildings, infrastructure, smart cities and high-risk facilities.

In connection with the Company’s Nasdaq listing and capital markets activities, Roze AI received advisory and support services from Wedo Business Solutions Ltd. and River Sky Partners Inc. The Company acknowledges the contributions of these advisors in connection with its Nasdaq listing and related capital markets activities.

About Roze AI Inc.
Roze AI is a Physical AI technology company incorporated under the laws of British Columbia, Canada, with its principal executive offices in Seongnam, South Korea. The Company conducts its operating business through its wholly owned subsidiary, Roze AI Korea Co., Ltd., based in Seongnam, South Korea.

The Company combines artificial intelligence, IoT sensing, data analytics and digital twin technologies to support real-time risk monitoring, risk information analysis, early identification of potential hazards and preventive safety response.
Through Roze AI Korea Co., Ltd., the Company develops and provides solutions including Fire 4Cast and the Disaster AI Platform (DAP) for applications in buildings, facilities and urban infrastructure environments.

For more information, please visit www.rozeai.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “seeks,” “aims,” and similar expressions referring to future periods. Forward-looking statements in this press release include statements regarding the expected effects of the new contracts, potential future revenue recognition, the timing and execution of project deployments, expansion of the Company’s business and technology platform, technology adoption, international market opportunities, strategic partnerships, and business strategy. These forward-looking statements are based on the Company’s current expectations, assumptions and beliefs and are subject to significant risks and uncertainties. Actual results may differ materially from those expressed or implied due to factors including delays or changes in project schedules, availability and timing of project financing, changes to detailed designs and resulting revisions to contract amounts, project postponement or cancellation, customer requirements, contract execution, revenue recognition timing, technological developments, competitive pressures, regulatory requirements, market conditions, and the Company’s ability to secure and execute agreements in North America and other international markets, as well as other risks described in the Company’s filings with the U.S. Securities and Exchange Commission (SEC). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor Relations / Media Relations
Roze AI Inc.
Investor Relations: Seoghun Cho, COO
Media Relations: Sangmin Lee, Executive Director
Email: ir@rozeai.com
Phone: +82-31-736-5308

Investor Relations – North America
KCSA Strategic Communications
Email: rozeai@kcsa.com

TOKYO, Oct. 06, 2026 (GLOBE NEWSWIRE) — NEW ART HOLDINGS Co., Ltd. (TSE Standard Market: 7638) (“NEW ART” or the “Company”), a leading Japanese bridal jewelry group operating the EXELCO DIAMOND and GINZA DIAMOND SHIRAISHI brands, today announced the grand opening of its second dual-brand location in Singapore.

The EXELCO DIAMOND and GINZA DIAMOND SHIRAISHI Suntec City stores, situated on the first floor of Suntec City Mall at 3 Temasek Boulevard, 01-367 in the Marina Centre district and operated by NEW ART DIAMONDS (SINGAPORE) PTE. LTD., a wholly owned subsidiary of the Company, welcomed their first customers on September 28, 2026.

Complementary Locations Across Singapore’s Defining Retail Destinations

NEW ART’s inaugural Singapore presence, its dual-branded boutiques at Takashimaya Shopping Centre on Orchard Road, established the Group’s footprint in one of Asia’s most iconic retail corridors, a destination renowned for its concentration of global luxury brands and its draw for discerning shoppers from across the region.

The Suntec City expansion broadens that reach into one of Singapore’s largest and most dynamic commercial and lifestyle destinations. Home to more than 360 stores and over 100 dining establishments and accessible via two MRT stations – Promenade and Esplanade – Suntec City Mall draws a broad and multigenerational audience, with a particular resonance among younger customers who represent an important and growing segment for both brands.

The two locations are designed to function in a complementary fashion: the Takashimaya boutiques serve as a brand showcase aimed at affluent and internationally oriented clientele, while the Suntec City stores seek to extend the Group’s reach to a wider cross-section of Singapore customers across life stages and occasions.

In Step with Singaporean Couples

NEW ART brings to Singapore the bridal jewelry expertise it has cultivated over more than three decades in Japan, encompassing deep diamond knowledge, made-to-order and semi-custom product development, and a hallmark approach to attentive, consultation-based customer service.

The Group’s Singapore strategy places particular emphasis on digital engagement, leveraging web and social media channels to reach customers from the earliest stage of their engagement and wedding planning journey. NEW ART’s approach aims to establish a seamless path from initial online discovery through to in-store consultation and purchase.

Singapore as a Gateway to ASEAN

Singapore represents more than a target growing market, it is intended to be the Company’s strategic gateway to Southeast Asia. With an expanding footprint across the island, NEW ART seeks to build a lasting regional presence that reflects the full depth and quality of both brands, as the Group continues to pursue disciplined growth in the global bridal jewelry market.

“Singapore has been a remarkably receptive market for our brands and this second location reflects our confidence in its continued potential,” said Tetsuya Shiraishi, Representative Director of NEW ART DIAMONDS (SINGAPORE) PTE. LTD. “Suntec City speaks to a new generation of customers and that is exactly where we want EXELCO DIAMOND and GINZA DIAMOND SHIRAISHI to be. We are proud to build on the strong foundation we established with our first stores on Orchard Road, and we look forward to welcoming many more Singapore customers into our world.”

About NEW ART HOLDINGS Co., Ltd.

Founded in September 1994 and headquartered in Ginza, Tokyo, NEW ART HOLDINGS Co., Ltd. (TSE Standard Market: 7638) is Japan’s leading specialist in bridal diamond jewelry, guided by the philosophy: “We harness the transformative power of art to inspire beauty, health, and happiness.” The Group operates a diversified portfolio spanning bridal jewelry, fine art, auction services, health & beauty, the food business in Hong Kong, and apparel across 17 consolidated subsidiaries — nine domestic and eight international.

The Group’s flagship jewelry brands, GINZA DIAMOND SHIRAISHI and EXELCO DIAMOND, operate 156 stores globally — 128 across Japan and 28 internationally, spanning Taiwan, Hong Kong, Singapore and South Korea.

For more information, please visit: www.newart-ir.jp

Japan Media Contact

NEW ART HOLDINGS Co., Ltd.

IR Email: ir_inquiry@newart-global.com

Third Quarter Net Revenue Exceeds Guidance by Approximately 20%

Preliminary Core Brand Net Revenue Grows approximately 67% While Preliminary Non-Alcoholic & Functional Revenue Increases More Than 5x

SANTA MARIA, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) — AMASS Brands Inc. (Nasdaq: AMSS), a premium, multi-category beverage platform spanning non-alcohol, functional, and alcohol 2.0 products, today announced preliminary, unaudited net revenue for the third quarter ended September 30, 2026.

Preliminary Third Quarter 2026 Financial Highlights

• Net revenue of approximately $5.3 million, up approximately 30% from $4.1 million in the prior-year quarter
  • Net revenue exceeded the Company’s third-quarter guidance of at least $4.4 million by approximately 20%
• Core brand net revenue of approximately $3.8 million, up 67%
• Wine & Spirits segment net revenue of approximately $4.7 million, up 18%
• Non-Alcoholic and Functional segment net revenue increased approximately 5.1 times the prior-year quarter, up 53% from the second quarter of 2026 to approximately $0.6 million, supported by the launch of AMASS Electrolytes.

Third Quarter 2026 Brand Highlights

• Good Twin Retail Sales Grew 144%. Good Twin retail dollar sales grew approximately 144% year-over-year in the latest four weeks, approximately 8 times the growth rate of the U.S. non-alcoholic wine category and the fastest velocity growth among established brands in the category’s top 15.¹ Sales per point of distribution rose approximately 78%, the largest gain in the top 15, and Good Twin ranks #3 in that group by sales rate per store. Dollar sales grew 123% over the latest 13 weeks and 109% over the latest 26 weeks.
• Pizzolato Held #1 in U.S. Organic Sparkling Wine. Pizzolato remained the #1 organic sparkling wine in the U.S. across every measured period, with nearly 29% dollar share. Dollar sales grew 33% in the latest four weeks, compared with 3.6% for the organic sparkling wine category, and the brand’s 187mL minis grew between 26% and 39% across every measured period.¹
• AMASS Electrolytes Expanded to Six Key U.S. Markets. Since its May 2026 launch, AMASS Electrolytes has secured distribution with leading distributors in six key markets: Southern Glazer’s Wine & Spirits (California), Great Lakes Wine & Spirits (Michigan), Prime (Georgia), Vinejoy and Marketplace (Illinois), Manhattan Distributors (New York) and Empire Distributors (Colorado).

Management Commentary

“Our preliminary third quarter results demonstrate what we believe AMASS can become. Our strategy has always been focused on building a portfolio concentrated around categories where consumer demand is growing, where we believe we can create category leaders, and where our existing platform gives us an advantage,” said Mark Thomas Lynn, Founder and Chief Executive Officer of AMASS. “During the quarter, continued execution of that strategy resulted in 30% revenue growth, Core Brand growth of 67%, and results that materially exceeded the guidance we introduced as a public company. Against a broader beverage industry backdrop of muted growth, we believe this performance speaks to the strength of the portfolio we’re building and the opportunity ahead.”

“Perhaps most importantly, the growth is coming from exactly where we want it to come from. Good Twin continues to significantly outpace its category, Pizzolato remains the leading organic sparkling wine in the United States, and AMASS Electrolytes has expanded into six key markets just months after launch. We believe these results provide further evidence that our strategy is working as intended and that AMASS is becoming a more focused, higher-quality and increasingly scalable beverage platform.”

Preliminary Unaudited Results

The preliminary results in this press release are based on management’s initial review of the Company’s results for the quarter ended September 30, 2026. They are unaudited, are subject to the completion of the Company’s quarter-end financial close procedures and the review of its independent registered public accounting firm, and may differ materially from the results the Company ultimately reports. The Company has not completed its review of gross profit, operating expenses, Adjusted EBITDA, or other financial measures for the quarter, and this press release does not present them. The Company expects to report full third quarter 2026 financial results after market close on or before November 16, 2026.

¹ NielsenIQ retail scan data, Total U.S. xAOC + Liquor Open State + Convenience, periods ending September 5, 2026. Good Twin rankings and growth measured within the U.S. non-alcoholic wine category; Pizzolato rankings and growth measured within the U.S. organic sparkling wine category. Growth rates compare to the same period one year prior. “Established brands” are brands with measured retail sales in the comparable year-ago period. Velocity is dollar sales per point of distribution.

About AMASS Brands Inc.

AMASS Brands, Inc.(Nasdaq: AMSS) is a next-generation beverage platform built around the brands defining how modern consumers drink, and increasingly, how they don’t. The company’s portfolio spans non-alcohol, functional, and alcohol 2.0 categories, with standout brands across each: Good Twin Non-Alcoholic Wine, a top non-alcoholic wine in the U.S. and one of the fastest-growing in the category; AMASS Electrolytes, a functional disruptor redefining the hydration category; and Summer Water Rosé, the zero-sugar, #1-selling domestic rosé priced between $15 and $20 in the U.S., among others across the portfolio. As moderation trends accelerate, AMASS is positioned to benefit structurally rather than reactively, with margin discipline, cohesive brand architecture, and the multi-brand scalability that supports the Company’s long-term brand and platform growth strategy.

Follow AMASS on LinkedIn

Follow AMASS on Instagram

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s preliminary, unaudited net revenue and other financial results for the third quarter ended September 30, 2026, the expected timing of the Company’s full third quarter results, and statements regarding the Company’s strategy, brand portfolio, distribution expansion, expected revenue mix, capital resources and liquidity. These statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include, without limitation: the risk that the Company’s final results for the third quarter differ from the preliminary results in this press release as a result of the completion of its quarter-end close procedures, final adjustments or other developments; the substantial doubt regarding the Company’s ability to continue as a going concern; the Company’s need to raise additional capital and the terms on which that capital may be available, and the other factors described under “Risk Factors” in the Company’s Prospectus dated June 29, 2026 (File No.: 333-297139) and in its subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them except as required by law.

Investor Relations Contact

KCSA Strategic Communications

Rob Kelly, Vice President

(212) 896-1254

AMASS@KCSA.com

Third Quarter Net Revenue Exceeds Guidance by Approximately 20%

Preliminary Core Brand Net Revenue Grows approximately 67% While Preliminary Non-Alcoholic & Functional Revenue Increases More Than 5x

SANTA MARIA, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) — AMASS Brands Inc. (Nasdaq: AMSS), a premium, multi-category beverage platform spanning non-alcohol, functional, and alcohol 2.0 products, today announced preliminary, unaudited net revenue for the third quarter ended September 30, 2026.

Preliminary Third Quarter 2026 Financial Highlights

• Net revenue of approximately $5.3 million, up approximately 30% from $4.1 million in the prior-year quarter
  • Net revenue exceeded the Company’s third-quarter guidance of at least $4.4 million by approximately 20%
• Core brand net revenue of approximately $3.8 million, up 67%
• Wine & Spirits segment net revenue of approximately $4.7 million, up 18%
• Non-Alcoholic and Functional segment net revenue increased approximately 5.1 times the prior-year quarter, up 53% from the second quarter of 2026 to approximately $0.6 million, supported by the launch of AMASS Electrolytes.

Third Quarter 2026 Brand Highlights

• Good Twin Retail Sales Grew 144%. Good Twin retail dollar sales grew approximately 144% year-over-year in the latest four weeks, approximately 8 times the growth rate of the U.S. non-alcoholic wine category and the fastest velocity growth among established brands in the category’s top 15.¹ Sales per point of distribution rose approximately 78%, the largest gain in the top 15, and Good Twin ranks #3 in that group by sales rate per store. Dollar sales grew 123% over the latest 13 weeks and 109% over the latest 26 weeks.
• Pizzolato Held #1 in U.S. Organic Sparkling Wine. Pizzolato remained the #1 organic sparkling wine in the U.S. across every measured period, with nearly 29% dollar share. Dollar sales grew 33% in the latest four weeks, compared with 3.6% for the organic sparkling wine category, and the brand’s 187mL minis grew between 26% and 39% across every measured period.¹
• AMASS Electrolytes Expanded to Six Key U.S. Markets. Since its May 2026 launch, AMASS Electrolytes has secured distribution with leading distributors in six key markets: Southern Glazer’s Wine & Spirits (California), Great Lakes Wine & Spirits (Michigan), Prime (Georgia), Vinejoy and Marketplace (Illinois), Manhattan Distributors (New York) and Empire Distributors (Colorado).

Management Commentary

“Our preliminary third quarter results demonstrate what we believe AMASS can become. Our strategy has always been focused on building a portfolio concentrated around categories where consumer demand is growing, where we believe we can create category leaders, and where our existing platform gives us an advantage,” said Mark Thomas Lynn, Founder and Chief Executive Officer of AMASS. “During the quarter, continued execution of that strategy resulted in 30% revenue growth, Core Brand growth of 67%, and results that materially exceeded the guidance we introduced as a public company. Against a broader beverage industry backdrop of muted growth, we believe this performance speaks to the strength of the portfolio we’re building and the opportunity ahead.”

“Perhaps most importantly, the growth is coming from exactly where we want it to come from. Good Twin continues to significantly outpace its category, Pizzolato remains the leading organic sparkling wine in the United States, and AMASS Electrolytes has expanded into six key markets just months after launch. We believe these results provide further evidence that our strategy is working as intended and that AMASS is becoming a more focused, higher-quality and increasingly scalable beverage platform.”

Preliminary Unaudited Results

The preliminary results in this press release are based on management’s initial review of the Company’s results for the quarter ended September 30, 2026. They are unaudited, are subject to the completion of the Company’s quarter-end financial close procedures and the review of its independent registered public accounting firm, and may differ materially from the results the Company ultimately reports. The Company has not completed its review of gross profit, operating expenses, Adjusted EBITDA, or other financial measures for the quarter, and this press release does not present them. The Company expects to report full third quarter 2026 financial results after market close on or before November 16, 2026.

¹ NielsenIQ retail scan data, Total U.S. xAOC + Liquor Open State + Convenience, periods ending September 5, 2026. Good Twin rankings and growth measured within the U.S. non-alcoholic wine category; Pizzolato rankings and growth measured within the U.S. organic sparkling wine category. Growth rates compare to the same period one year prior. “Established brands” are brands with measured retail sales in the comparable year-ago period. Velocity is dollar sales per point of distribution.

About AMASS Brands Inc.

AMASS Brands, Inc.(Nasdaq: AMSS) is a next-generation beverage platform built around the brands defining how modern consumers drink, and increasingly, how they don’t. The company’s portfolio spans non-alcohol, functional, and alcohol 2.0 categories, with standout brands across each: Good Twin Non-Alcoholic Wine, a top non-alcoholic wine in the U.S. and one of the fastest-growing in the category; AMASS Electrolytes, a functional disruptor redefining the hydration category; and Summer Water Rosé, the zero-sugar, #1-selling domestic rosé priced between $15 and $20 in the U.S., among others across the portfolio. As moderation trends accelerate, AMASS is positioned to benefit structurally rather than reactively, with margin discipline, cohesive brand architecture, and the multi-brand scalability that supports the Company’s long-term brand and platform growth strategy.

Follow AMASS on LinkedIn

Follow AMASS on Instagram

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s preliminary, unaudited net revenue and other financial results for the third quarter ended September 30, 2026, the expected timing of the Company’s full third quarter results, and statements regarding the Company’s strategy, brand portfolio, distribution expansion, expected revenue mix, capital resources and liquidity. These statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include, without limitation: the risk that the Company’s final results for the third quarter differ from the preliminary results in this press release as a result of the completion of its quarter-end close procedures, final adjustments or other developments; the substantial doubt regarding the Company’s ability to continue as a going concern; the Company’s need to raise additional capital and the terms on which that capital may be available, and the other factors described under “Risk Factors” in the Company’s Prospectus dated June 29, 2026 (File No.: 333-297139) and in its subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them except as required by law.

Investor Relations Contact

KCSA Strategic Communications

Rob Kelly, Vice President

(212) 896-1254

AMASS@KCSA.com

In-house developed platform will support standalone AI services, product integrations and AI-assisted solutions across Sagtec’s existing business channels

KUALA LUMPUR, Malaysia, Oct. 06, 2026 (GLOBE NEWSWIRE) — Sagtec Global Limited (“Sagtec” or the “Company”) (Nasdaq: SAGT), an artificial intelligence technology, software customization, AI-assisted infrastructure and cloud digital solutions provider, today announced the official launch of CLAi 1.0, an in-house developed artificial intelligence platform created through its subsidiary, CL Technologies (International) Sdn. Bhd. (“CL Tech”).

CLAi was developed as a centralized platform through which customers can access a range of AI-powered tools and services. Its initial capabilities include AI-assisted programming, image creation, video generation and intelligent conversational assistance. The platform is available through https://clai-tech.com.

CLAi is designed to address the growing demand from businesses for practical AI solutions that can assist with technology development, digital content production and day-to-day operational tasks. By bringing several AI functions into one environment, the platform is intended to reduce the need for customers to manage multiple separate AI applications.

Users may use CLAi to assist with software development and coding, produce images and video materials, generate ideas and written content, or interact with AI agents for task-related support. The Company intends to continue developing the platform and expanding its capabilities in response to customer requirements and changes in AI technology.

A Multi-Channel Commercial Strategy

Sagtec intends to commercialize CLAi through several potential business channels. The first channel involves offering CLAi directly to users as an AI platform. The second involves providing enterprise customers with customized AI deployments, integrations and solutions based on their specific business requirements.

The third channel involves incorporating CLAi into Sagtec’s existing software products and services. This strategy is expected to allow the Company to introduce additional AI-assisted features to its established customer base while improving the competitiveness of its current product portfolio.

Potential sources of revenue may include subscriptions, enterprise licensing, customized development, AI system integration and related technology services. The commercial contribution of each channel will depend on customer demand, successful implementation and the terms of future commercial arrangements.

Enhancing Existing Products and Expanding Into AI Robotics

Sagtec plans to progressively integrate CLAi into its existing product portfolio, including Halo AI POS, Halo AI HR and the Company’s future AI-enabled robotics solutions. Halo AI POS, available at https://halo-aipos.com, is the Company’s point-of-sale and business management solution. The planned integration with CLAi is intended to provide users with more intelligent ways to review sales information, understand business performance and access relevant operational insights.

Through AI-assisted analysis, Sagtec aims to help business operators interpret transaction and operational data more efficiently. The planned features may also assist users in identifying business patterns, obtaining clearer summaries and accessing relevant information to support business decision-making. Halo AI HR, available at https://halo-aihr.com, is the Company’s human resources management solution. The proposed CLAi integration is intended to support selected HR-related workflows, improve access to workforce information and assist users with administrative, analytical and content-related tasks.

In addition to enhancing its existing software products, Sagtec intends to explore the application of CLAi in AI-enabled robotics and intelligent automation. By connecting CLAi’s conversational, analytical and task-assistance capabilities with robotic systems, the Company aims to develop solutions capable of supporting automated customer interaction, operational assistance and other business functions.

Sagtec believes the integration of CLAi across its software and future robotics initiatives will allow the Company to build a broader AI ecosystem instead of operating each product as a separate solution. This approach is intended to strengthen the practical value of the Company’s technology portfolio and provide customers with a more connected and intelligent user experience.

Strategic Investment Supporting Accelerated AI Development

Sagtec’s recent strategic investments have strengthened the Company’s ability to accelerate its AI initiatives, expand its technical capabilities and bring new solutions such as CLAi to market more efficiently.

The combination of additional capital, strategic guidance and advisory support has enabled Sagtec to advance product development, allocate resources toward AI-related initiatives and accelerate the planned integration of CLAi across its existing products and business services.

The Company believes that continued support from its strategic investors and business partners will contribute to the expansion of Sagtec’s AI ecosystem, including its software platforms, enterprise services, intelligent automation and future AI-enabled robotics solutions.

These strategic relationships form part of Sagtec’s broader transformation into an AI-driven technology company and support its objective of developing practical, commercially scalable AI solutions for customers across multiple industries.

Supporting Data and Digital Service Capabilities

Beyond its existing software platforms, Sagtec intends to use CLAi to strengthen selected services currently provided through its business channels. In data analysis, CLAi may be used to assist with reviewing and interpreting information, identifying relevant trends and preparing more accessible summaries for users.

In data management, the platform may support the organization, classification and retrieval of information. For social media management, CLAi may assist with content planning, copy development, visual creation and video generation.

The Company believes these capabilities can support a broader range of customer requirements while enabling Sagtec to deliver selected projects more efficiently. They may also allow the Company to combine its software development, data and digital service capabilities into more comprehensive enterprise solutions.

Improving Internal Project Delivery

Sagtec also expects CLAi to support its internal development and project delivery processes. AI-assisted coding may help the Company’s development teams prepare, review and improve selected software components. Its content-generation capabilities may support product demonstrations, marketing materials, customer presentations and project documentation.

By using CLAi as a common AI resource across different departments, Sagtec aims to shorten selected development and delivery processes, reduce repetitive manual work and improve coordination between its product, technology and commercial teams. The Company expects these operational benefits to develop progressively as CLAi is deployed across additional projects and business functions.

Significant Growth in the Global AI Market

The introduction of CLAi comes during a period of substantial growth in global AI investment and enterprise adoption. A Citigroup forecast reported in April 2026 estimates that the global AI market could exceed US$4.2 trillion by 2030, of which approximately US$1.9 trillion is expected to relate to enterprise AI.

Enterprise demand is increasingly driven by practical applications such as software development, workflow automation, data analysis and AI agents. These areas are closely aligned with the capabilities Sagtec plans to develop and commercialize through CLAi.

Sagtec believes its existing software products, development resources and customer-facing technology services provide a foundation from which the Company can pursue opportunities within this growing market.

Management Commentary

Ng Chen Lok, Chairman and Chief Executive Officer of Sagtec Global Limited, said:

“We believe the implementation of artificial intelligence can help Sagtec grow faster while enabling us to operate in a more cost-efficient and effective manner. With the launch of CLAi, we expect to improve the efficiency of our project delivery and accelerate the enhancement of our current products. CLAi also gives us the ability to introduce new AI solutions while strengthening the products and services that Sagtec already provides to its customers. Our objective is to make AI a practical part of our business ecosystem. By progressively integrating CLAi into Halo AI POS, Halo AI HR and our data and digital service channels, we aim to improve the user experience, increase the value delivered to customers and create additional long-term revenue opportunities for the Company.”

About Sagtec Global Limited

Sagtec Global Limited (Nasdaq: SAGT) is a Malaysia-headquartered AI technology company providing AI-assisted software solutions, AI technology infrastructure, enterprise technology platforms and cloud-based digital solutions to businesses across Southeast Asia. The Company develops customizable enterprise software, intelligent data-management platforms and cloud-based technologies that support digital transformation across multiple industries. Its proprietary solutions, including the Speed+ cloud-based smart ordering platform, currently serve more than 12,000 clients. Since its initial public offering in March 2025, Sagtec has expanded its business activities across Malaysia, Southeast Asia and the Middle East. For more information, visit www.sagtec-global.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements concerning the anticipated development, performance, commercialization and integration of CLAi; potential product enhancements; expected operational efficiencies; customer adoption; market opportunities; and possible future revenue channels. These statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such risks include development and implementation challenges, changes in customer demand, competition, technological developments, cybersecurity and data risks, regulatory changes and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by applicable law.

Contact Information

Sagtec Global Limited Contact:
Wan Najwa Enche Khawari
Head of Public Relations & Corporate Affairs
Telephone +6011-6217 3661
Email: info.pr@sagtec-global.com