Gatekeeper Announces Annual General Meeting Results

(TheNewswire)

Abbotsford, BC – TheNewswire -May 9, 2023 - Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSXV:GSI) (OTC:GKPRF) (FSE:1GK)a video and data solutions provider for public transportation and smart cities, is pleased to announce that the shareholders of the Company approved all matters at its annual general meeting (the “Meeting”) held on May 8, 2023.

The total number of common shares represented by shareholders present in person and by proxy at the meeting was 16,913,977 representing 18.51% of Gatekeeper's issued and outstanding common shares as of the record date.

All of the matters put forward before shareholders for consideration and approval as set out in the Company’s notice of meeting and management information circular, dated April 6, 2023, were approved by the requisite majority of votes cast at the Meeting. In particular, shareholders approved the re-election of all director nominees to hold office until the next annual meeting of shareholders or until their successors are elected or appointed. Results of the vote for the election of directors at the Meeting are set out as follows:

Shareholders also approved the following items of business before the Meeting:

• setting the number of directors at four;

• the re-adoption and re-approval of the Company’s rolling stock option plan in accordance with the requirements of the TSX Venture Exchange; and

• the appointment of Buckley Dodds CPA as auditor of the Company for the ensuing year.

The Company also announces that it has granted an aggregate of 2,235,000 incentive stock options to certain directors, officers, employees and consultants of the Company, subject to regulatory approval. The stock options are exercisable at a price of $0.405 for a period of five years from the date of issuance and subject to vesting provisions.

About Gatekeeper Systems Inc.

Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics, thermal cameras, and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems in a Smart City ecosystem. The Company is at the forefront of innovation and is utilizing new technologies to make cities more efficient and safer, such as its Automated Lane Enforcement solution for transit buses (ALE™). The Company’s video and data solutions and its Platform-as-a-Service (PaaS) business model are enabling the transformation of transportation systems into intelligent transit and Smart Cities.

www.gatekeeper-systems.com

Contact Information:

Douglas Dyment

President & CEO

ddyment@gatekeeper-systems.com

(604) 864-6187

Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis for the quarter ended February 28, 2023. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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