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Calgary, Alberta / TheNewswire / May 14, 2025 – Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP) (OTC: IPTNF) (FSE: 9YZ), an integrated financial technology company, is pleased to announce that further to its press release dated May 5, 2025, it has closed the transaction with 1000927675 Ontario Inc., doing business as CoinCmply (“CoinCmply”), and all of its shareholders (collectively, the “Vendors”) pursuant to a definitive agreement dated May 5, 2025 (the “Transaction”).

CoinCmply is a platform designed to assist cryptocurrency users in managing and simplifying their tax obligations. It offers tools and services that help users track their crypto transactions, calculate gains and losses, and generate necessary tax reports. By integrating with various exchanges and wallets, CoinCmply aims to provide a comprehensive solution for individuals navigating the complexities of cryptocurrency taxation. The platform offers features such as smart tax analysis, real-time portfolio tracking, personalized tax strategies, and multi-chain support, all aimed at ensuring compliance and maximizing deductions in the evolving crypto landscape.

"Adding CoinCMPLY to the Credissential software stack is an important landmark in diversifying our business, and it also gives us access to new verticals," said Colin Frost, CEO of Credissential Inc. He added, "Plans are already in motion to bring this offering to market and expand on its feature set, which we are excited to share in the coming months."

Pursuant to the Transaction, the Company issued an aggregate of 20,000,000 common shares in the Company (the “Consideration Shares”) at a deemed price of $0.05 per Consideration Share (for an aggregate transaction value of CAD$1,000,000) to the Vendors, pro rata, to their respective shareholdings in CoinCmply (the “Transaction”). CoinCmply is now a wholly owned subsidiary of Credissential. The Transaction is arm’s length and no finder’s fees were payable. The Agreement contained a debt forgiveness clause whereby CoinCmply ensured that all accounts payable and accrued liabilities of CoinCmply were forgiven, repaid or otherwise extinguished in connection with the closing of the Transaction (the “Debt Extinguishment”). The Company will not be assuming any long-term debt. The Transaction was not subject to approval of the Shareholders of the Company.

Stock Option Issuance

The Company also announces the issuance of 500,000 stock options on May 12, 2025, exercisable at a price of $0.05 until for a period of one (1) year, (the "Options") of the Company to a consultant pursuant to its Omnibus Equity Incentive Plan adopted by the shareholders on February 23, 2024. The Options will vest immediately and are subject to a four month and one day hold period.

About Credissential

Credissential is an AI powered financial services software developer, currently focused on the development and commercialization of its flagship products, Credissential, Dealerflow and Antenna.

For more information about Credissential and other products from Credissential, visit www.credissential.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Chief Executive Officer                Colin Frost

Head Office                         2004 Sherwood Drive Sherwood Park, AB T8A 0Z1

Telephone                         (604) 917-0375

Email                                 info@credissential.com  

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-Looking Information

Certain information in this news release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this news release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release. Forward-looking statements are based on specific factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are outside of the Company's control and are inherently subject to significant business, economic and competitive uncertainties. Forward-looking statements are inherently risky, and the information and plans disclosed therein may not come to fruition as contemplated or at all. Forward-looking statements in this news release include, but are not limited to, statements relating to: the Transaction, the benefit of the Transaction to the Company and the future plans of the Company, business plans, objectives and strategy.

Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR+ at www.sedarplus.ca.

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