TOMI Environmental Solutions, Inc.

FREDERICK, Md., March 11, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, announces a new groundbreaking study demonstrating the effectiveness of its solutions against foot-and-mouth disease virus (FMDV). This significant advancement supports the Company’s submission for an additional EPA label. Foot-and-mouth disease (FMD) represents a critical global threat, being an extremely contagious disease affecting a wide range of cloven-hoofed animals including cows, pigs, sheep, goats, and deer. The rapid spread of FMDV among livestock can lead to significant economic losses and disrupt international trade if not promptly and effectively controlled. TOMI’s recent study has proven SteraMist iHP technology to eliminate infectious FMDV from both porous (concrete) and non-porous (stainless steel) surfaces in the presence of organic soil load. This achievement meets the stringent EPA standards for demonstrating virucidal efficacy. The study, conducted by the Department of Homeland Security (DHS) Science and Technology Directorate’s (S&T’s) Plum Island Animal Disease Center (PIADC), adhered to the strict regulatory guidelines of the U.S. Select Agent Program and utilized methods aligned with EPA-approved testing standards. Dr. Halden Shane, CEO of TOMI, emphasizes the critical nature of combating Transboundary Animal Disease (TAD) outbreaks, such as FMD, “These diseases not only disrupt domestic agricultural production but may also severely impact international trade of agricultural commodities. TADs have the potential to cause widespread economic and societal damage, particularly in regions where agricultural animals are a primary livelihood. Our mission extends into the food safety sector, aiming to halt the transmission of viruses and prevent cross-contamination. This latest study underscores our commitment to providing effective solutions in the fight against global animal diseases," Dr. Halden Shane remarked. TOMI continues conducting research to strengthen its role as a crucial advocate for advancing global health and ensuring food safety, protecting against infectious diseases. TOMI™ Environmental Solutions, Inc.: Innovating for a safer world® TOMI™ Environmental Solutions, Inc. (NASDAQ: TOMZ) is a global decontamination and infection prevention company, providing environmental solutions for disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology ® (BIT™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage hydrogen peroxide as its only active ingredient and uses patented ionized Hydrogen Peroxide (iHP™) technology in all SteraMist systems to create superior disinfection. TOMI products are designed to service a broad spectrum of use sites, including, but not limited to, hospitals and medical facilities, biosafety labs, pharmaceutical facilities, commercial and office buildings, schools, restaurants, meat and produce processing facilities, and police and fire departments. For additional information, please visit http://www.steramist.com/ or contact us at info@tomimist.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to the ability of TOMI’s products to eliminate infectious diseases. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, the impact of COVID-19 pandemic on our business and customers; our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; the general business and economic conditions; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended March 2023 filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law. INVESTOR RELATIONS CONTACT: John Nesbett/Rosalyn ChristianIMS Investor Relationstomi@imsinvestorrelations.com

-Partnership Expands TOMI’s Market in Food, Agriculture, and Cannabis Industries -FREDERICK, Md., Nov. 27, 2023 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, is proud to announce the addition of Sterile Grow, a United States based distributor and consultation company in the food and cannabis market. SteraMist is pleased to collaborate with Sterile Grow, led by Burrell Williamson III and Tri Nguyen, that has demonstrated noteworthy achievements in the cannabis and food markets. Williamson, rooted in the greenhouse industry, has expanded into vertical farming, bringing extensive expertise to the food and cannabis sectors. Tri Nguyen specializes in controlled environment agriculture, particularly in integrating systems for large-scale indoor cannabis cultivation. Combining their cultivation knowledge and past success with SteraMist, Sterile Grow has joined forces as a distributor with the purchase of mobile equipment in our current quarter. “We are very excited to elevate SteraMist to the next level in the food safety and cannabis industry,” states Williamson, Founding Partner of Sterile Grow. “I am confident that we can significantly reduce molds, bacteria, and viruses in the agriculture sector. Through extensive testing with major growers, we have witnessed the remarkable results achieved by SteraMist. We look forward to leveraging our extensive industry connections to offer the superior decontamination of SteraMist products to our network.” Tri Nguyen, Founding Partner of Sterile Grow says, “After more than a decade of trying every product for microbial prevention and mitigation in the food and cannabis industries, it is clear to us that SteraMist iHP Technology is the only solution that is both effective and safe. We are eager to bring this technology to our network as it not only solves a major problem in the cannabis industry but is safe for plants and people alike.” Sterile Grow, in collaboration with SteraMist, is set to showcase at MJBizCon 2023, the premier B2B cannabis conference and tradeshow in the industry, on November 28 to December 01. "Collaborating with Sterile Grow has been truly rewarding. With extensive research conducted by the Sterile Grow team alongside renowned growers, we anticipate this partnership will continue to flourish," says E.J. Shane, Chief Operating Officer of TOMI. “We are enthusiastic about making a positive impact in these markets, supported by our studies that showcase notable success. This complements our association with Konope Consulting, our new consultant, who will be overseeing the state registration process for our iHP Technology within the industry." TOMI™ Environmental Solutions, Inc.: Innovating for a safer world® TOMI™ Environmental Solutions, Inc. (NASDAQ: TOMZ ) is a global decontamination and infection prevention company, providing environmental solutions for disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology ® (BIT™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage hydrogen peroxide as its only active ingredient and uses patented ionized Hydrogen Peroxide (iHP™) technology in all SteraMist systems to create superior disinfection. TOMI products are designed to service a broad spectrum of use sites, including, but not limited to, hospitals and medical facilities, biosafety labs, pharmaceutical facilities, commercial and office buildings, schools, restaurants, meat and produce processing facilities, and police and fire departments. For additional information, please visit steramist.com or contact us at info@tomimist.com Sterile Grow LLC stands at the forefront of cannabis disinfection and decontamination, embodying a commitment to excellence and innovation. As a leading provider of cutting-edge technology, Sterile Grow specializes in eliminating mold, mildew, and Aspergillus on plants and surfaces to safeguard the integrity of cannabis products. Founded by a team of Controlled Environment Agriculture specialists, lean manufacturing and operations compliance experts who are dedicated to clean cannabis. Cannabis Farms and buyers interested in learning more should visit www.sterilegrow.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to the benefit of collaboration with Sterile Grow and business opportunities of TOMI’s products in the cannabis and food markets. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, our ability to market and sell our products to customers; our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; the general business and economic conditions; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law. INVESTOR RELATIONS CONTACT: John Nesbett/Rosalyn Christian IMS Investor Relations tomi@imsinvestorrelations.com

FREDERICK, Md., Nov. 14, 2023 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination utilizing its premier Binary Ionization Technology (BIT) platform through its SteraMist brand of products, today announced its financial results for the third quarter of 2023. TOMI Chief Executive Officer, Dr. Halden Shane, stated, “During the third quarter of 2023, we continued to expand our sales channels and business development initiatives, collaborate with key customers, and diversify our product line to support our expanding customer base and increasing utilization of our SteraMist technology. While we saw a quarter over quarter decline in revenue, our revenue has grown over 5% for the nine months ended September 30, 2023, when compared to the prior year period. “Subsequent to the close of the third quarter of 2023, we agreed to sell and issue convertible notes in a private placement in one or more closings up to an aggregate principal amount of $5,000,000. As of November 7, 2023, we sold and issued an aggregate of $2,600,000 to a group of institutional and accredited investors, most of whom are new investors in the company’s securities. The Notes contain no restrictive covenents or restrictions that may impose burdens or limitation on our operations. We intend to use the net proceeds from this offering for working capital, expansion of our existing Frederick facility and other general corporate purposes, including expanding our sales channels through the addition of distributors, outside sale representatives, internal sales staff, and external consultants. “We continue to focus on expanding our sales channels and have made good progress this year in expanding our sales infrastructure both internally and through external partnerships, which positions us well as we close the current year and head into 2024. We’ll continue to look to further build out our sales team and expand business development initiatives. We anticipate improved financial results in the fourth quarter and in 2024.” Financial Results for the Three Months Ended September 30, 2023 compared to September 30, 2022 Total net revenue was $1,470,000 compared to $1,760,000.Gross margin was 55% compared to 61%. The decrease in gross profit was attributable to product mix in sales.Operating loss was ($901,000) compared to ($654,000). Net loss was ($901,000) or ($0.05) per basic and diluted share, compared to ($653,000) or ($0.03) per basic and diluted share.Adjusted EBITDA was a loss of ($807,000) compared to ($571,000). A table reconciling EBITDA to the appropriate GAAP financial measure is included with the Company’s financial information below. Financial Results for the Nine Months Ended September 30, 2023 compared to September 30, 2022 Total net revenue was $5,827,000 compared to $5,527,000.Gross margin was 59% compared to 62%. The decrease in gross profit was attributable to product mix in sales.Operating loss was ($2,178,000) compared to ($2,176,000).Net loss was ($2,177,000) or ($0.11) per basic and diluted share, compared to ($2,175,000) or ($0.11) per basic and diluted share.Adjusted EBITDA was a loss of ($1,746,000) compared to ($1,631,000). A table reconciling EBITDA to the appropriate GAAP financial measure is included with the Company’s financial information below. Balance sheet highlights as of September 30, 2023 Cash and cash equivalents were approximately $1.4 million.Working capital was $6.9 million.Shareholders’ equity was $9.5 million. Recent Business Highlights: Revenue for the nine months ended September 2023 was $5,827,000, which represents over 5% growth when compared to the prior year period.SteraMist iHP Service revenue grew 59% quarter over quarter for the three months ended September 30, 2023, compared to the same prior year period.Subsequent to the close of the third quarter of 2023, we issued a convertible note with an aggregate principal amount of $2,600,000 which will be used for working capital and other general corporate purposes.Delivered three (3) applicator CES systems to Ragon Institute of MGH, MIT and Harvard for implementation in their research and clinical lab located in Cambridge, MA.Continued collaboration with Cellares to integrate SteraMist ionized Hydrogen Peroxide (iHP) technology into a revolutionary new cell therapy manufacturing solution, the Cell Shuttle, designed and produced by Cellares.Pfizer Rocky Mount engaged TOMI’s iHP service team to conduct emergency decontamination within their facility, which suffered substantial damage due to a tornado. TOMI continues to perform decontamination service twice a year at the Pfizer Rocky Mount facility.Partnered with Colcom, Inc. to offer SteraMist iHP products as part of Colcom’s life sciences and healthcare portfolio of products. Colcom, Inc. is a trusted supplier of high-quality clinical and laboratory equipment with an established customer base and extensive expertise in the decontamination industry.Entered into an agreement with Patty Olinger, the Founder of BEAMS, LLC who specializes in Public Health Preparedness. Patty is also a Director of Frontline Foundation dedicated to protecting American citizens from bioterror threats. In the past she was Assistant Vice President of the Office of Research Administration, and Executive Director of Environmental Health and Safety Office of Emory University Hospital System and most recently the Executive Director of Global Biorisk Advisory Council, a division of ISSA. Patty will assist in strengthening and expanding the TOMI SteraMist Network and increasing business development in the commercial market. Patty Olinger brings over 20 years’ experience establishing executive strategic vision and direction of large institutions and companies spanning multiple industries, including higher education, not-for-profit, healthcare, consultancy, hospitality, and pharmaceutical sectors.Entered into a sales representative agreement with Universal Disinfection to better facilitate growth in the European region in the commercial, aviation, and life science markets.Entered into a business development consulting agreement with DAR, Inc., a company specializing in food safety and food processing spaces, to expand TOMI’s sales channels and customer bases in the food safety markets.Introduced two new products, the SteraMist Hybrid and SteraMist Transport, to support superior disinfection decontamination solutions for our growing customer base.Completed a study funded by the United States Department of Agriculture (USDA) and the National Institute of Food and Agriculture (NIFA) which demonstrated SteraMist iHP as an effective treatment of deformed wing virus (DWV) contaminated hive substrates.Attended and presented our SteraMist brand of products at the following tradeshows: The Experience Convention and Tradeshow, National Cancer Institute/Frederick Lab – Tech Showcase, NCAB AALAS Seminar, OR Manager, EMS World and Vizient Connections Summit. Conference Call Information TOMI will hold a conference call to discuss Third Quarter 2023 results at 4:30 p.m. ET today, November 14, 2023. To participate in the call by phone, dial (877) 545-0523 approximately five minutes prior to the scheduled start time and reference the participant access code 618115 or request the "TOMI Environmental Solutions third quarter earnings call." International callers please dial (973) 528-0016. To access the live webcast or view the press release, please visit the Investor Relations section of the TOMI website or register at the following link: https://www.webcaster4.com/Webcast/Page/2262/49445. A replay of the teleconference will be available until Tuesday, November 28, 2023, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use replay access code: 49445. A replay of the webcast will be available for at least 90 days on the company’s website, starting approximately one hour after the completion of the call. TOMI™ Environmental Solutions, Inc.: Innovating for a safer world®TOMI™ Environmental Solutions, Inc. (NASDAQ:TOMZ) is a global decontamination and infection prevention company, providing environmental solutions for indoor surface disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology® (BIT™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage Hydrogen Peroxide as its only active ingredient to produce a fog of ionized Hydrogen Peroxide (iHP™). Represented by the SteraMist® brand of products, iHP™ produces a germ-killing aerosol that works like a visual non-caustic gas. TOMI products are designed to service a broad spectrum of commercial structures, including, but not limited to, hospitals and medical facilities, cruise ships, office buildings, hotel and motel rooms, schools, restaurants, meat and produce processing facilities, military barracks, police and fire departments, and athletic facilities. TOMI products and services have also been used in single-family homes and multi-unit residences. TOMI develops training programs and application protocols for its clients and is a member in good standing with The American Biological Safety Association, The American Association of Tissue Banks, Association for Professionals in Infection Control and Epidemiology, Society for Healthcare Epidemiology of America, America Seed Trade Association, and The Restoration Industry Association. For additional information, please visit http://www.tomimist.com/ or contact us at info@tomimist.com. Forward-Looking Statements This press release contain forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, expected sales pipeline; financial performance and operating results for 2023; upcoming launch of new products; expected growth in sales and market demand; revenue opportunities of CES products and brand recognition of our products. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, the impact of COVID-19 pandemic on our business and customers; our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; the general business and economic conditions; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law. Use of Non-GAAP Financial Measures To supplement our unaudited consolidated financial statements presented on a basis consistent with U.S. GAAP, we disclose certain non-GAAP financial measures for our historical performance, including EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin. We define EBITDA as net income (loss), adjusted to exclude: interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP financial measure and is intended to serve as a supplement to our results provided in accordance with GAAP. We define Adjusted EBITDA as net income (loss), adjusted to exclude: interest, taxes, depreciation and amortization; stock-based compensation expense. We define Adjusted EBITDA margin as Adjusted EBITDA divided by net revenue. We believe that these historical non-GAAP financial measures provide useful information to both management and investors by excluding certain items and expenses that are not indicative of our core operating results or do not reflect our normal business operations. In addition, our management uses non-GAAP measures to evaluate our performance internally and to benchmark our performance externally against competitors. Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies. Although we believe that the use of non-GAAP financial measures enhances its investors’ understanding of its business and performance, our use of non-GAAP financial measures should not be considered an alternative to GAAP basis financial measures and should be read in conjunction with the relevant GAAP financial measures. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. Because of these limitations, the non-GAAP financial measure used in this release should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable U.S. GAAP as set forth below. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures. TOMI ENVIRONMENTAL SOLUTIONS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS ASSETS Current Assets: September 30, 2023 (Unaudited)December 31, 2022Cash and Cash Equivalents$1,410,697 $3,866,733 Accounts Receivable - net 2,368,043 2,772,340 Other Receivables 164,150 164,150 Inventories 4,481,644 4,495,999 Vendor Deposits 89,860 447,052 Prepaid Expenses 442,303 388,359 Total Current Assets 8,956,697 12,134,633 Property and Equipment – net 1,138,287 1,335,331 Other Assets: Intangible Assets – net 1,014,416 1,025,736 Operating Lease - Right of Use Asset 483,884 528,996 Other Assets 596,164 475,103 Total Other Assets 2,094,464 2,029,835 Total Assets$12,189,448 $15,499,799 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities: Accounts Payable$1,248,936 $1,761,750 Accrued Expenses and Other Current Liabilities 674,367 728,703 Deferred Revenue - 699,732 Current Portion of Long-Term Operating Lease 112,460 100,282 Total Current Liabilities 2,035,763 3,290,467 Long-Term Liabilities: Long-Term Operating Lease, Net of Current Portion 672,510 761,132 Total Long-Term Liabilities 672,510 761,132 Total Liabilities 2,708,273 4,051,599 Commitments and Contingencies - - Shareholders’ Equity: Cumulative Convertible Series A Preferred Stock; par value $0.01 per share, 1,000,000 shares authorized; 63,750 shares issued and outstanding at September 30, 2023 and December 31, 2022 638 638 Cumulative Convertible Series B Preferred Stock; $1,000 stated value; 7.5% Cumulative dividend; 4,000 shares authorized; none issued and outstanding at September 30, 2023 and December 31, 2022 - - Common stock; par value $0.01 per share, 250,000,000 shares authorized; 19,823,955 and 19,763,855 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively. 198,240 197,640 Additional Paid-In Capital 57,882,792 57,673,559 Accumulated Deficit (48,600,495) (46,423,637)Total Shareholders’ Equity 9,481,175 11,448,200 Total Liabilities and Shareholders’ Equity$12,189,448 $15,499,799 TOMI ENVIRONMENTAL SOLUTIONS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For The Three Months Ended For The Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Sales, net $1,470,019 $1,759,620 $5,826,890 $5,526,598 Cost of Sales 661,087 688,633 2,376,442 2,113,624 Gross Profit 808,932 1,070,987 3,450,448 3,412,974 Operating Expenses: Professional Fees 207,673 106,411 456,518 391,737 Depreciation and Amortization 93,929 82,619 273,265 247,662 Selling Expenses 283,054 365,054 1,160,752 1,271,788 Research and Development 76,339 118,182 220,587 254,608 Consulting Fees 44,355 43,012 188,722 145,757 General and Administrative 1,004,618 1,009,229 3,328,726 3,277,485 Total Operating Expenses 1,709,968 1,724,507 5,628,570 5,589,037 Loss from Operations (901,036) (653,520) (2,178,122) (2,176,063) Other Income (Expense): Interest Income 256 370 1,264 1,048 Total Other Income (Expense) 256 370 1,264 1,048 Loss before income taxes (900,780) (653,150) (2,176,858) (2,175,015)Provision for Income Taxes (Note 16) - - - - Net Loss $(900,780) $(653,150) $(2,176,858) $(2,175,015) Net income (loss) Per Common Share Basic $(0.05) $(0.03) $(0.11) $(0.11)Diluted $(0.05) $(0.03) $(0.11) $(0.11) Basic Weighted Average Common Shares Outstanding 19,823,955 19,758,520 19,818,241 19,736,666 Diluted Weighted Average Common Shares Outstanding 19,823,955 19,758,520 19,818,241 19,736,666 The following is a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA: For The Three Months Ended For The Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited)Net income (loss) $(900,781) $(653,150) $(2,176,859) $(2,175,015) Interest Income (256) (370) (1,264) (1,048) Depreciation and Amortization 93,929 82,619 273,265 247,662 Other - - - - EBITDA (Loss) $(807,108) $(570,901) $(1,904,858) $(1,928,401) Equity Compensation Expense - - 158,833 297,766 Other - - - - Adjusted EBITDA (Loss) $(807,108) $(570,901) $(1,746,025) $(1,630,635) Net revenue $1,470,019 $1,759,620 $5,826,890 $5,526,598 Adjusted EBITDA Margin -55% -32% -30% -30% INVESTOR RELATIONS CONTACT:John Nesbett/Roz ChristianIMS Investor Relationstomi@imsinvestorrelations.com