VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 1, 2016) - Carl Data Solutions Inc.
(CSE:CRL)(FRANKFURT:7C5) (the "Company"), a developer of Big-Data-as-a-Service ("BDaaS")-based solutions for data integration and
business intelligence, is pleased to announce that that on August 25, 2016 the Company granted incentive stock options.
Pursuant to the Company's Option Plan, Carl granted an aggregate of 615,247 stock options (the "Options") each exercisable
into one common share of the Company (each, a "Share") at a price of $0.45 per Share to various employees and one officer
exercisable until August 24, 2021. Of the 615,247 options, 147,247 options (the "Officer Options") were granted to
Skanderbeg Financial Advisory Inc., a company with Kevin Ma, the Chief Financial Officer of Carl, as a director.
The Officer Options follow a vesting schedule whereby 50% of the options vest immediately, and an additional 25% vest on each
of September 30, 2016 and December 31, 2016. The remaining 468,000 options follow a vesting schedule whereby 25% vest
immediately upon grant, 25% vest one year after the grant date, a further 25% vest two years after the grant date and the
remainder vests three years after the grant date.
About Carl Data Solutions Inc.
Carl Data Solutions Inc. is focused on providing next generation information collection, storage and analytics solutions for
data centric companies. Building on its recent acquisitions, Flow Works Inc., a company that helps its clients analyze and
understand all forms of environmental data through a powerful platform of data collection, monitoring, analysis and reporting
tools and Extend to Social Media Inc., a company with an application that allows clients to leverage their customers' social
networks for referral marketing and analytics, Carl develops applications to work with new cloud-based mass storage services and
analytics tools (Big-Data-as-a-Service ("BDaaS")).
Carl is creating a virtually unlimited data storage environment from which informative visual representations of data can be
created and new insight generated. Carl's goal is to deliver a comprehensive data management solution for datasets of any
size and type from any source. More information can be found at www.CarlSolutions.com.
On behalf of the Board of Directors:
Greg Johnston, President, Chief Executive Officer, Director
Carl Data Solutions Inc.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this
press release.