Contakt World Technologies Corp (C:HELP)
Shares Issued 53,704,296
Last Close 2/25/2022 $0.10
Friday February 25 2022 - News Release

Mr. Zayn Kalyan reports

CONTAKT WORLD STATUS UPDATE

Contakt World Technologies Corp. has provided a status update for its shareholders.

Update on Management Cease Trade Order

On December 30, 2021 the Company announced (the "Default Announcement") that, due to certain audit delays related to its recent cross-border acquisition, the Company was unable to file its audited annual financial statements, management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for the year ended August 31, 2021 (collectively, the "Required Filings") before the December 29, 2021 filing deadline.

The Company is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). Until such time as the Company files the Required Filings and the MCTO has been revoked, the Company intends to follow the provisions of the alternative reporting guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases.

The Company confirms that, other than as disclosed herein,:

• there have been no changes to the information contained in the Default Announcement that would reasonably be expected to be material to an investor;
• there have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203;
• there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and
• there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company is working expeditiously on the steps required to complete the Required Filings and anticipates that it will be in a position to remedy the default by filing the Required Filings by March 11th, 2022. The MCTO will be in effect until the Required Filings are made.

About Contakt World Technologies Corp.

Contakt World's mission is to develop or acquire and deliver software as a service (SaaS) that improves access to, efficiencies within, and quality of healthcare and other industries in all its forms. Contakt World's portfolio presently includes HealthCheck by Stratum which is used in over 1,000 locations. Contakt World is actively looking to broaden its software portfolio through acquisitions, partnerships, and joint ventures. The Company is currently looking to broaden its industry scope, looking beyond healthcare, to other industries that can benefit from its current and future solutions.

We seek Safe Harbor.

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