XTM Sees Sharp Incline in Gross Value Loads to Its Today™ Program

Hospitality Reopenings Drive XTM’s Second Consecutive Month of Record GDV With 54% and 6% Growth March and April Respectively

XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce that Gross Dollar Value (“GDV”), a non-IFRS metric the Company monitors to track performance, increased significantly with a March 2022 GDV increase of 54% from February, and April 2022 increased another 6% from March.

“April continues the momentum from March where we saw a sharp incline in GDV,” said Marilyn Schaffer, CEO, XTM. “With our positive increase in new clients, the advance of Spring weather, the return-to-normal post pandemic, and the generally pent-up desire people have to socialize, we are seeing great indications in an increase in revenue generation. In March we saw GDV loads at a high of $1.7MM in a single day, in April it increased to a peak of $1.8MM; prior to this the single day high was $1.3MM achieved on February 15^th, with most days prior to March below $750K. Despite the conditions of the financial market, we remain steadfast on our business model and are confident that with our war-chest in place and our product roadmap, we will continue to disrupt and lead our vertical.”

The company remains well funded from its reserves of an over-subscribed non-brokered private placement closed Wednesday, September 29, 2021 for gross proceeds of CAD $8,559,302.40.

Gross dollar value (“GDV”) loaded on the Company’s platform is a key performance indicator as the Company generates revenue when money is loaded and in turn spent from the Today wallet at a point-of-sale in-store or online.

About XTM

XTM, www.xtminc.com is a Miami and Toronto-based fintech innovator in the neo-banking space helping business and workers alike expedite earnings payout and eliminate banking fees. We are a global card issuer and real-time payment specialist providing our technology to businesses to automate and expedite worker payouts that can also eliminate cash. XTM integrates businesses to a payment ecosystem that is coupled with a free mobile app and a Visa or Mastercard debit card with free banking features. XTM drives enterprise value and creates a positive user experience.

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (the “forward-looking statements”), within the meaning of applicable Canadian securities legislation, including expected performance of XTM, the expectation that businesses with which XTM does business or have committed to do business will in the expected timeline, the continuing trend toward electronic payment methods, that the integrations will attract new business owners to use the Today program, and the general conditions and revenues of XTM. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. While XTM can make best efforts to estimate when businesses will re-open or back to pre-Covid 19 business levels there are no guarantees this will happen in the time the Company expects or if at all. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.

The CSE has not approved nor disapproved the contents of this press release, and the CSE does not accept responsibility for the adequacy or accuracy of this release.

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