IFS GLOBAL SOFTWARE INC. WELCOMES AL DOBOWI AS A PREMIUM MEMBER OF THE EQUIPMENT HOUND E-COMMERCE MARKETPLACE

VANCOUVER, BC, March 6, 2023 /CNW/ - IFS Global Software Inc. (NEO: IFS) ("IFS" or the "Company") is pleased to announce that Equipment Hound, the E-Commerce marketplace of IFS, has signed a Premium membership agreement with Al Dobowi. Al Dobowi is a source of the world's leading tire and battery brands. Al Dobowi has a footprint across the Americas, Africa, Asia, Middle East, and Europe. This addition of Al Dobowi further expands Interfield's strong presence in the Middle East.

About Al Dobowi

• One of the Largest and Most Modern Industrial Battery Manufacturers in the Middle East
  Eternity Technologies produces world class products for the global motive power, standby power and renewable energy markets. Their products are manufactured using high-tech equipment and technology from Europe and North America. They distribute to over 50 countries and have partner businesses in Germany, UK, Canada, South Africa, Chile, Spain, India, Nigeria and Ghana.
• Worldwide Distributors of Private Label Brands 
  Since 1976, Al Dobowi has grown in tandem with the UAE's growth and development. Critical to their success was the development of our own flagship brands of Infinity, Eternity and Kays which, coupled with their expanding distribution network, allowed them to accelerate our growth.
• Largest Tire Retreaders in the Region
  They are the single largest tire retreader in the Middle East and North Africa ("MENA") region and are the pioneers in providing truck and OTR tire retreading under one roof in the UAE. Their state of the art retreading facilities in Saudi Arabia, UAE and Nigeria utilize the world's leading and most advanced tire retreading technology.
• Region's Leading Technical and Engineering Solutions Provider
  They are an ISO 9001 certified solution provider for technical rubber, polyurethane products and conveyor belt systems in the industrial, construction, mining, marine, ship building and oil and gas sectors. They also provide premium quality fluid management products for various applications, as well as hydraulic and industrial hoses, pipes and fittings.
• Strategic Partner to Government Agencies
  They have been a strategic partner of the Roads and Transport Authority – Dubai Taxi Corporation, providing automotive batteries since 2005, and tires and fleet management services since 2009. They also provide similar services to Dubai Municipality, Dubai Water and Electricity Authority (DEWA) and several other UAE Government Departments.

About Interfield

IFS Global is a publicly listed company, with its common shares listed on the Neo Exchange Inc. (NEO: IFS) and operates in Dubai, U.A.E through its wholly owned subsidiary, Interfield Software Solutions LLC ("Interfield Solutions"). Interfield Solutions is a software company that services numerous industrial segments worldwide including oil and gas, mining and renewables. Interfield Solutions has two operating divisions, E-commerce and Software as a Service.

Equipment Hound, the company's flagship product of its E-commerce division, is an industrial equipment marketplace that connects buyers and suppliers around the globe. Equipment Hound manages a catalogue of equipment from various suppliers and provides procurement solutions for buyers. It includes features such as requests for quotes, logistics support and third-party verification.

ToolSuite, the company's flagship product of its Software as a Service division, is a cloud based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

ON BEHALF OF THE BOARD OF DIRECTORS

"Harold Hemmerich"

Harold Hemmerich 
Chief Executive Officer & Director
Phone: [phone] 

Forward-Looking Statements Disclaimer and Reader Advisory

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements, and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance often using phrases such as "expects", "anticipates", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends", or variations of such words and phrases, or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved, are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward- looking statements. Such factors include: general business, economic, competitive, political and social uncertainties; delay or failure to receive any necessary board, shareholder or regulatory approvals, including the approval of any applicable regulatory authority; and that factors may occur which impede or prevent IFS's future business plans. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release.

Except as required by law, IFS does not assume any obligation to update the forward-looking statements, whether they change as a result of new information, future events or otherwise, except as required by law.

Neither the Neo Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the Neo Exchange Inc.) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE IFS Global Software Inc.

Harold Hemmerich, Chief Executive Officer & Director, Phone: [phone]