• Expands Regional Operations in Mexico
• Adds New Contracts Across Five Verticals
• Conducts Data Centric Conference in Argentina in Partnership with Google Cloud

TORONTO, Sept. 14, 2022 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (NOW: TSX-V) (“ NOW ” or the “ Company ”), a big data, analytics, and vertical intelligence (“ VI ”) software and solutions company announces its regional expansion in Mexico with the signing of a significant contract with a large-scale retail and manufacturing provider. NOW is also pleased to announce the addition of new customer contracts across the Financial Services, Retail, Pharmaceuticals, and Healthcare verticals, including HSBC Argentina, Banco Popular, CCU, BigBox and OSDE.

To meet the growing demand for LATAM data services, NOW has added approximately 50 full-time and contracted staff in the region during the third quarter of 2022. Concurrently, they are developing a permanent base of operations in Mexico City to facilitate new growth and service its new and existing contracts.

“The Big Data analytics market is growing incredibly fast, and we are keeping pace with entry into new regions; Mexico currently represents more than a quarter of LATAM's demand for Big Data and Analytics services and provides a great opportunity for us,” said Daren Trousdell, Chairman and CEO of NOW. “We are very excited with the progress we are making in establishing a solid global presence, which is highlighted by our ability to attract some of the biggest and most respected brands operating today.”

CoreBI, NOW’s LATAM solutions provider, is also pleased to announce that it will be presenting in partnership with Google Cloud at a Big Data Conference in Argentina on September 15, 2022. The in-person conference is the first of its kind since the onset of the COVID19 pandemic, allowing regional customers and participants to learn and discuss the opportunities that vertically intelligent transformations provide to increase value, competitiveness and decision-making capabilities.

About NowVertical Group Inc.

NOW is a big data, analytics, and VI software and solutions company growing organically and through acquisition. NOW's VI solutions are organized by industry vertical and are built upon a foundational set of data technologies that fuse, secure, and mobilize data in a transformative and compliant way. The NOW product suite enables the creation of high-value VI solutions that are predictive in nature and drive automation specific to each high-value industry vertical. For more information about the Company, visit www.nowvertical.com .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Daren Trousdell, Chief Executive Officer
e: [email protected]
t: (212) 302-0868

or

Glen Nelson, Investor Relations
e: [email protected]
t: (403) 763-9797

Forward‐Looking Statements

This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company's business.

The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause results to differ materially from those discussed in the forward-looking statements. Therefore, readers should not rely on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to update or revise any forward-looking statement publicly, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/695a3541-77bd-414a-a16d-371932ba49c8 .