Wishpond Announces Results of Annual General and Special Meeting of Shareholders

VANCOUVER, BC, June 30, 2021 /CNW/ - Wishpond Technologies Ltd.  ("the "Company" or "Wishpond") (TSXV: WISH) (OTCQX: WPNDF) is pleased to announce voting results from the Company's Annual General and Special Meeting of Shareholders held earlier in the day in virtual-only format ("AGM"). All matters voted upon were outlined in the Company's Management Information Circular dated May 31, 2021 ("Circular"). A total of 33,869,071 common shares of the Company ("Shares") were voted, representing the votes attached to 65.37% of all outstanding Shares as at the record date.

At the AGM, Shareholders passed resolutions related to the following, all as further set out in the Circular:

• The number of directors of the Company was fixed at five (5);
• The election of the director nominees set forth in the Circular, being Ali Tajskandar, Arinder Mahal, Jordan Gutierrez, Hossein Malek, and Oliver Vincent;
• The appointment of BDO Canada LLP, as auditor of the Company for the ensuring year and the authorization of the directors of the Company to fix the auditors remuneration; and
• The approval of the Company's Stock Option Plan as set forth in the Circular and available under the Company's profile on SEDAR (www.sedar.com).

About Wishpond Technologies Ltd.

Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond's vision is to become the leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company offers an "all-in-one" marketing suite that provides companies with marketing, promotion, lead generation, and sales conversion capabilities from one integrated platform. Wishpond replaces entire marketing functions in an easy-to-use product, for a fraction of the cost. Wishpond serves over 3,000 customers who are primarily small-to-medium size businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions and continues to add new features and applications with great velocity. The Company employs a Software-as-a-Service (SaaS) business model where substantially all the Company's revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker "WISH" and on the OTCQX Market under the ticker "WPNDF". For further information, visit: www.wishpond.com.

ON BEHALF OF THE BOARD

"Ali Tajskandar"

Director and CEO

Forward Looking Disclaimer

Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). This press release includes forward-looking statements regarding the Company, its subsidiaries and the industries in which they operate, including statements about, among other things, expectations, beliefs, plans, future operations, origination of additional targets in which the Company may hold an interest and acquisition opportunities for the Company, business and acquisition strategies, opportunities, objectives, prospects, assumptions, including those related to trends and prospects, and future events and performance. Sentences and phrases containing or modified by words such as "anticipate", "plan", "continue", "estimate", "intend", "expect", "may", "will", "project", "predict", "potential", "targets", "projects", "is designed to", "strategy", "should", "believe", "contemplate" and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, but not limited to, the risk factors discussed in the continuous disclosure materials of the Company which are available under the Company's profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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

SOURCE Wishpond Technologies Ltd.

Pardeep S. Sangha, Investor Relations, Wishpond Technologies Ltd., [email protected], 604-572-6392