Huge news. Almost 1 million in net profitsThursday, November 25, 2021, 8:30 AM ET Toronto, Ontario--(Newsfile Corp. - November 25, 2021) -ScreenPro Security Inc. (CSE: SCRN) ("ScreenPro" or the "Company") is pleased to report net earnings of $724,288 in Q3, 2021. It has filed its financial statements ("FS") and related management discussion and analysis ("MD&A") for the financial results ending September 30, 2021 ("Q3 2021"). All currency is in Canadian dollars unless otherwise stated. Please refer to www.sedar.com. Q3 2021 Financial Summary The Company reported revenue of $3,878,868, net earnings of $724,288, and adjusted EBITDA of $812,775. This Adjusted EBITDA reflects the Company's operations, not including non-cash items. Path to Profitability: The Company made strong progress throughout the third quarter accelerating its path to profitability by identifying revenue opportunities, expanding its operations, reducing the operating costs, and maintaining good relationship with its supply chain partners despite disruptive supply chain market. Fiscal highlights of Q3 and subsequent events: -- In the third quarter ScreenPro business model accelarated with the successful onboarding of new film and television productions in Toronto, Montreal, and Vancouver and launched on the execution of its strategy on building out other business sectors. -- On September 16th, ScreenPro announced that it is providing COVID-19 testing for productions who are attending the 46th edition of the Toronto International Film Festival. -- On September 28th, ScreenPro announced that the Company provides COVID-19 testing services to the entertainment operations and talent department for a cruise line owned and operated by one of the world's largest media and entertainment company. -- On October 15th, ScreenPro announced its successful uplisting from the OTC Pink Sheets to the OTCQB(R) Venture Market (the "OTCQB"). The shares ScreenPro commenced trading on the OTCQB at market open on October 12th under the symbol "SCRSF". -- On November 16th, ScreenPro closed its acquisition of 100% of Concierge Medical Consultants Inc. as a part of the Company's post pandemic business development plan. Lena Kozovski, CEO of ScreenPro commented, "We continue to build a profitable life sciences business, revenues are stable, our product offerings will be enhanced with the addition of Concierge Medical, and the company increased its margins, so as we move forward, I am feeling optimistic about the state of the organization." Andrew Ryu, Chairman of the Company states, "I am very happy to see that ScreenPro turned the corner and started showing the profit. Everyone worked hard to stabilize its operating costs to be profitable, and we are now poised to further growth with stable cash flow. ScreenPro will be a very different company with diversified businesses and source of revenue." Q3 2021 Financial Review * The consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the three months ending September 30, 2021: All figures are in Canadian dollars unless otherwise noted: 3 months 3 months ended ended 30-September-2021 30-September-2020 Total revenues $3,878,868 $0.00 Net Income/Loss $724,288 ($38,000) Income per share - basic $0.00 ($0.001) EBITDA $812,775 ($32,000) * Note: EBITDA ( non- IFRS measures) is calculated as Net Loss adjusted for 1. Income taxes, 2. Depreciation and amortization, and 3. Interest and accretion. Non-IFRS financial measures do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Specific items may only be relevant in certain periods. For a reconciliation of non-IFRS financial measures please refer to the Company's Management Discussion and Analysis for the six months ended September 30, 2021. 3 months 3 months ended ended 30-September-2021 30-September-2020 Dollar Change Total Assets $9,949,960 $32 $9,949,928 Total Liabilities $4,355,349 $144,238 $4,211,111 Outlook