Xcyte Digital Corp. Releases “Xperience” Subscription Service

On behalf of Xcyte Digital Corp.

Event Organizers Gain Access to Multiple Event Technologies Under a Single Subscription

Xcyte Signs Multiple Reciprocal Services Partnerships

New Offerings Enable Xcyte to Generate New Recurring Revenue Streams

POMPANO BEACH, FL / May 16, 2024 / Xcyte Digital Corp. (TSXV:XCYT) (“Xcyte”, or the “Company”), a spatial computing event technology aggregator and developer providing a high value, cost-effective, multi-platform event technology subscription service that powers physical, virtual, hybrid and immersive events and providing professional managed services for physical and hybrid events, announces “Xperience”, Xcyte’s new all-in-one subscription service. Xperience, the first-of-its-kind service, gives subscribers the flexibility to select the most suitable technologies for hosting events bringing together a global ecosystem of event technology.

Through Xperience, subscribers will have the freedom to choose event technologies across Xcyte’s extensive and growing partner ecosystem along with its professional managed services to ensure tailored, and economic solutions to make their events more successful. Xperience subscription packages are designed to fit the needs of companies that frequently organize a wide range of events in different formats, including physical, virtual, hybrid, experiential and immersive. Capabilities include: registration and ticketing, event management, mobile event apps, audience engagement, gamification, analytics and reporting, security and compliance, support and accessibility, and more. Subscribers can count on a single team to assist with training, configuration, deployment, and ongoing support.

Our subscription packages are intended to yield meaningful cost savings for clients, who can benefit from choosing the best platform for an event without having to pay for multiple subscriptions. Xperience offers a subscription model that is designed to be cost-effective, based upon the number of users and the frequency of events organized by customers. Key to delivering this offering is our newly launched partner ecosystem. We have established more than a dozen partnerships with a diverse range of event technology vendors, including Conrego, Floq, MootUp, Pheedloop, and RainFocus.

Global organizations, agencies and associations are expected to benefit from the first ever subscription to offer access to such a wide array of platforms.

The Xperience partner ecosystem is intended to be distributed globally and offered to, among others, large multinational enterprises, which is expected to broaden Xcyte’s reach into major worldwide markets.

Customers will have access to tailored solutions via the Xperience Subscription Service, allowing one subscription to be utilized for multiple business use cases, such as organizing corporate conferences, trade shows, townhalls, AGMs, career fairs, fundraising events, product launches and many more.

“We are deeply committed to the success of all of our customers’ events, which is why we offer comprehensive managed services as part of our subscriptions, ensuring end-to-end support,” said Xcyte CEO Randy Selman. “Xcyte anticipates growing the Xperience one-stop offering further with additional event technologies and supporting services, such as digital marketing and lead generation. We look forward to providing future updates as we execute upon this growth strategy.”

More information is available at https://xcytedigital.com/event-xperience/

About Xcyte Digital Inc.

Xcyte Digital (TSXV:XCYT) is a spatial computing event technology aggregator and developer providing a high value, cost-effective, multi-platform subscription service to host online virtual and immersive events as well as providing professional managed services for physical and hybrid events. Xcyte was formed in 2022 through an amalgamation of operating businesses & assets in the virtual & immersive event sectors. The Company went public on the TSX Venture exchange on November 15, 2023. Headquartered in Toronto Ontario (Canada) and Fort Lauderdale, FL (USA), Xcyte also has personnel and operations in London, UK; Charlotte, NC; Houston, TX; Union, NJ and Cape Town, SA. Xcyte provides immersive event technology, virtual event technology and event support services. Visit us at xcytedigital.com.

Forward-Looking Information

Certain information in this news release constitutes forward-looking statements and forward-looking information under applicable Canadian securities legislation (collectively, “forward-looking information”). Forward-looking information include, but are not limited to, statements with respect to and the business, financials and operations of the Company. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events. Forward looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements and future events to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the public documents of the Company available at www.sedar.com. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Investors are cautioned that undue reliance should not be placed on any such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

For further information, please contact:

Xcyte Digital Corp.
Randy Selman, Chief Executive Officer and Director
Phone: (647) 777 7501
Email: [email protected]

Investor Relations
Nikhil Thadani, Sophic Capital
Email: [email protected]
Phone: (647) 777 7501

To receive Xcyte investor news, please sign up at https://xcytedigital.com/investors/

Neither 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: Xcyte Digital Corp.

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Xcyte Digital Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Xcyte Digital Corp.’s industry; (b) market opportunity; (c) Xcyte Digital Corp.’s business plans and strategies; (d) services that Xcyte Digital Corp. intends to offer; (e) Xcyte Digital Corp.’s milestone projections and targets; (f) Xcyte Digital Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Xcyte Digital Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Xcyte Digital Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Xcyte Digital Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Xcyte Digital Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Xcyte Digital Corp.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Xcyte Digital Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Xcyte Digital Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Xcyte Digital Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Xcyte Digital Corp.’s business operations (e) Xcyte Digital Corp. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Xcyte Digital Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Xcyte Digital Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Xcyte Digital Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

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