NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ), a provider of digital consumer acquisition solutions, today announced that it has strengthened its position in the high-growth home improvement vertical arena for the electric vehicle (EV) charger installation industry.

Haig Newton, President of DataLogiq, Inc., commented, “Our team recognized the growing demand as many of our construction and electrical clients were interested in gaining access to the growing EV home, multifamily and commercial charger installation marketplace. As such, we launched our on-demand digital marketing platform system to allow our clients to meet this dynamic market opportunity.”

Sales of electric cars doubled in 2021 to a new record of 6.6 million. That growth contributed to the total 16.5 million electric vehicles on the road in 2021, more than triple the number in 2018.

According to the Natural Resources Defense Council, electric vehicles have surged in popularity in recent years in part because of their association with emerging consumer sentiments like environmental concerns and cash savings. Electric vehicles produce fewer greenhouse gases and operate at less than half the cost of gasoline powered vehicles.

Demand for charging stations continues to grow apace with EV sales, though not evenly distributed across the U.S. California leads the country in total stations available, while many southern states have far fewer stations per capita.

About Logiq Logiq Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Media & Investor Contact [email protected]

NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ), a provider of digital consumer acquisition solutions, today announced its entry into the roofing market to expand its presence in the home improvement market.

“I am thrilled about our roofing industry expansion, as our team has worked hard to develop and add this vertical to our home improvement offering,” said Brent Suen, Chief Executive Officer. “We’re excited about the growth potential in this market and are always looking at new opportunities to serve our clients that will also be beneficial to our revenue and margin growth thereby building shareholder value.”

The following highlights are indicative of the future market growth opportunities in the home improvement vertical:

• Per IBIS World, roofing is the 16th largest vertical in the construction industry; at $102 billion in the Americas and is forecast to grow to $156 billion by 2030 (per Morrissey Construction).
• There are presently over one hundred thousand roofing companies in the US which represents a sizeable market opportunity for Logiq.
• The search term “roof repair” reached its highest volume ever last year, reaching more than 200% the fifteen-year average that preceded 2021.

About Logiq Logiq Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

Connect with Logiq: Website | LinkedIn | Twitter | Facebook The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Media & Investor Contact [email protected]

• Company completed the spinoff of fintech & mobile solutions offering, GoLogiq, as an independent, publicly traded company
• Logiq reports solid execution pursuing higher margin businesses with larger customer accounts on a consolidated and segment basis
• Company focus is on direct-to-customer portal, which was launched in mid-April and is expected to produce significantly higher margins and revenues

NEW YORK, Aug. 12, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ; NEO: LGIQ), a provider of digital consumer acquisition solutions, today announced its financial results for the second quarter of 2022 ended June 30, 2022, and its outlook for full-year 2022. Results consolidate GoLogiq, Inc. (OTC: GOLQ) financials, which was a Logiq majority-owned business segment until completion of the spinoff on July 27, 2022. Going forward, GoLogiq’s financials will no longer be consolidated with the Logiq’s.

Financial Highlights

• Consolidated revenues in the quarter were $4.9 million, compared with $8.3 million in the prior year quarter.
• Consolidated gross margins increased 730 basis points to 36.8%, over the year-ago quarter.
• GoLogiq (formerly AppLogiq) gross margins increased 1,480 basis points, to 46.5%, year over year. This increase in margin was a result of implementing a strategic shift to targeting high-margin end-customers compared to low-margin high-volume white label resellers, that began in 2020.
• Logiq (formerly DataLogiq) gross margins increased 350 basis points to 31.9%, over the same quarter last year.
• Consolidated net loss was $6.5 million, compared with a net loss of $5.0 million in the year-ago quarter.

Operating Highlights On July 27, the Company announced that it had completed the distribution of GoLogiq (formerly known as Lovarra) spin-off shares to Logiq shareholders of record as of the close of business on December 30, 2021, which marked the full separation of Logiq and GoLogiq into two independent, publicly traded companies.

Management Commentary Logiq Chief Executive Officer, Brent Suen, commented, “We are pleased with the successful spin-off of our GoLogiq business, through which we transformed our business into two standalone companies. We are confident that going forward this transaction will unlock both companies’ fullest value and create enhanced returns for our shareholders.

“As we noted in our first quarter report, our quarterly revenue remains inconsistent, as was reflected in the second quarter. However, our commitment to executing on our strategy to pursue a higher margin business was reflected in our robust gross margin results.” Mr. Suen added, “Importantly, Logiq is in a transition period in which we are shifting our resources to securing larger corporate customers, in part to capitalize on our Battle Bridge acquisition earlier this year, whose consolidation has synergistically produced a company with a broader range of services and greater depth of expertise – which we believe will enable us to bid on and win far bigger customer accounts. While those sales cycles are longer, I strongly believe that this strategy is gaining solid traction and we fully expect to report strong progress in the months ahead.”

Q2 2022 Financial Highlights Consolidated revenues in the quarter were $4.9 million, down 40.4% compared to $8.3 million in the prior year period. The Company’s (GoLogiq) CreateApp platform contributed $1.6 million or 32.6% of second quarter consolidated revenue, down 42.6% from $2.8 million in the year-ago quarter. The revenue decrease resulted from a strategic shift to pursue a higher gross margin business, which resulted in attrition of lower margin business and an increase of direct sales/marketing expenses. Logiq’s DataLogiq platform revenues contributed $3.3 million or 67.4% of second quarter consolidated revenue, down 39.3% from $5.5 million in the year ago quarter. The decrease in revenues was primarily due to Medicare enrollment and a newly implemented focus on a direct-to-customer (D2C) portal. The D2C portal reduces the Company’s dependence on third-party aggregators and enables it to go directly to end-consumers via consumer facing portals, such as an Angie’s List or Porch.com, generating considerably higher gross profit margins that can, when scaled, track upwards to 50-60%.

Consolidated gross profit decreased 25.7% to $1.8 million on a 36.8% gross margin in Q2 2022 compared with $2.4 million, or 29.5%, respectively in the prior year quarter.

Total operating expenses increased 5.7% to $8.3 million in Q2 2022 from $7.8 million in the year-ago quarter, primarily due to an increase in general and administrative and sales and marketing expense.

The Q2 2022 net loss was $6.5 million, up from a net loss of $5.0 million in the year-ago quarter. As of June 30, 2022, the Company’s cash, cash equivalents, and restricted cash totaled $0.4 million vs. $1.6 million on December 31, 2021.

Reiterating 2022 Guidance The Company reiterates its annualized revenue projections for fiscal 2022 to end the year in the range of a $40 million to $50 million run rate, reaching a breakeven EBITDA run rate by the end of 2022 and attaining profitability in early 2023. This forecast is based on the Company’s potential deal pipeline, which originally included M&A and potential partnerships and client relationships. The Company is not currently calculating any further M&A for the year, although management is still comfortable with the aforementioned range of revenues. However, no assurances can be provided that Logiq will enter into any strategic transactions with companies in the pipeline, or that the results of any such transactions will allow the Company to reach this goal.

Conference Call Logiq management will host a conference call on Friday, August 12, 2022, at 11:00 a.m. Eastern time (8:00 a.m. Pacific time).

To access via webcast: https://viavid.webcasts.com/starthere.jsp?ei=1564186&tp_key=3f6b33c8b2

To access by phone: Toll-free dial-in number: 1-888-394-8218 International dial-in number: 1-323-701-0225 Please dial into the conference 15 minutes prior to the start time. An operator will register your name and organization.

Replay A replay of the call will be available after 2:00 p.m. Eastern time on the same day through Friday, August 26, 2022, as well as available for replay via the Investors section of the Logiq website at www.logiq.com/ir

Toll-free replay number:1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 4016120

About Logiq Logiq Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides a data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

Connect with Logiq: Website | LinkedIn | Twitter | Facebook The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Media & Investor Contact [email protected]

(Financial tables follow)

LOGIQ INC. Consolidated Balance Sheets

LOGIQ INC. Consolidated Statements of Operations

• Management to discuss Q2 2022 results and business outlook, on Friday, August 12, 2022, 11:00 a.m. ET

NEW YORK, Aug. 10, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a provider of digital consumer acquisition solutions, announced it will hold a conference call to review its second quarter 2022 financial and operational results on Friday, August 12, 2022, at 11:00 a.m. Eastern time. The Company will release its financial results in a press release prior to the call.

Event: Logiq Reports Second Quarter of 2022 Financial Results Conference Call Date: August 12th, 2022, 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) Access:

• Toll-free dial-in number: 1-888-394-8218; International dial-in number: 1-323-701-0225
• Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1564186&tp_key=3f6b33c8b2

Following the Company’s prepared remarks, management will host a question-and-answer session. Investors can begin accessing the webcast 15 minutes before the call, where an operator will register your name and organization.

A replay of the call will be available 30 minutes after the live call via the Investors section of the Logiq website at www.logiq.com/ir .

Toll Free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 4016120 Expiration: Friday August 26, 2022, 11:59 PM ET.

About Logiq Logiq, Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels. Connect with Logiq: Website | LinkedIn | Twitter | Facebook .

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward‐looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward-looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, the proposed acquisition of certain assets of Battle Bridge, including, without limitation, our ability to successfully negotiate and finalize a purchase agreement governing the terms of such acquisition, the structure of the transaction, timing of the transaction, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Media & Investor Contact [email protected]

• Management expects that distribution of GoLogiq shares will enhance value creation for both companies’ shareholders
• As standalone “pureplay” companies, both entities are more nimble to be laser focused on innovation within their respective industries to realize their fullest growth potential
• GoLogiq plans to capitalize on tremendous fintech and big data opportunities in southeast Asia

NEW YORK, July 27, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning digital consumer acquisition solutions, today completed its distribution of GoLogiq (OTC: GOLQ) (formerly known as Lovarra) spin off shares to Logiq shareholders of record as of the close of business on December 30, 2021, on a 1:1 basis, through a special dividend, completing the previously disclosed separation of Logiq and GoLogiq into two independent, publicly traded companies.

Shareholders entitled to receive these GoLogiq shares do not need to take any action. Eligible GoLogiq spin off shares held in book entry at the transfer agent, or held in broker dealer custody, will be automatically credited in those respective accounts.

Due to GoLogiq’s former shell status, Rule 144 is not expected to be available to shareholders for resale of the GoLogiq shares they receive in the spin off until on or after April 12, 2023, which is one year from the date that all Form 10 information was filed by GoLogiq with the Securities and Exchange Commission.

Logiq Chief Executive Officer, Brent Suen, commented, “The distribution of GoLogiq shares to our investors marks a long-awaited journey in which we successfully transformed our business into two standalone entities to enhance value for our shareholders. Going forward, we expect each business to be much more nimble and create greater value for all of their respective stakeholders — embarking on a new era of technological innovation and growth.”

Matt Brent, GoLogiq Chief Executive Officer, commented, “This is a major milestone for GoLogiq, and while we are deeply appreciative of the launching pad Logiq has provided we are equally excited to pursue the strategy that we outlined earlier this month. We have quietly been working behind the scenes in recent months to execute on our business plan to capitalize on the tremendous fintech and big data growth opportunity in southeast Asia.”

No fractional shares of GoLogiq were issued in the special dividend; instead, any fractional GoLogiq shares that a Logiq shareholder would have otherwise been entitled to as a result of the spin off were rounded down to the nearest whole share.

The GoLogiq shares issued in the distribution have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any state and, therefore, cannot be resold, pledged, assigned or otherwise disposed of by the holders thereof unless they are subsequently registered under the Securities Act and under the applicable securities laws of such states, or an exemption from such registration is available.

For more details, see the Company’s report on 8-K which it will be filing today at www.SEC.gov .

About GoLogiq GoLogiq Inc. is a US-based global provider of fintech and mobile solutions for digital transformation and consumer data analytics in Southeast Asia. The company plans to build out a network of convenience stores in Vietnam that will serve as a D2C marketing and distribution platform for its growing array of next-gen fintech services.   In Indonesia, its legacy operations consist of three main software platforms including CreateApp, a mobile app development and publishing platform for small-to-medium sized businesses; AtozGo™, a ‘hyper-local’ app-based delivery platform; AtozPay™, an eWallet for mobile top-up, e-commerce purchases, bill payment and microfinance; and Radix™, its Big Data analytics platform. Visit us at: https://gologiq.com/ and follow us on twitter with $GOLQ and @gologiq.

About Logiq Logiq Inc. is a U.S.-based leading global provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides a data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

Connect with Logiq: Website | LinkedIn | Twitter | Facebook The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its most recent Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Media & Investor Contact Email contact

• AppLogiq (GoLogiq) 1Q-22 revenues rose 35.5% to $3.3 million, gross profit increased 46.0% to $1.1 million; gross margin expanded 230 basis points to 32.4%
• Company’s business development continues to pivot to higher margin opportunities
• M&A pipeline of EBITDA accretive acquisitions remains a key catalyst for 2022 growth

NEW YORK, May 16, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning digital consumer acquisition solutions, today announced its results for the first quarter of 2022 ended March 31, 2022, and its outlook for full-year 2022.

Recent Highlights

• Completed the transfer of AppLogiq (branded as GoLogiq) assets into its majority-owned public entity Lovarra (OTC: LOVA); spin-off of those shares to shareholders expected to close in mid-2022.
• Restructured senior leadership team to accommodate Logiq’s spin-off of AppLogiq for strengthened and focused companies’ management.
• Successfully executed on M&A strategy by closing acquisition of Battle Bridge Labs companies, including Section 2383, LLC (collectively, “Battle Bridge”), assets; acquisition is expected to be synergistic and accretive to 2022 earnings.

Financial Highlights

• Consolidated revenues for the first quarter of 2022 were flat with the previous year at $8.1 million while net loss improved $100K to $3.9 million due to lower operating expenses.
• Year-over-year, AppLogiq 1Q-22 revenues rose 35.5% to $3.3 million, gross profit increased 46.0% to $1.1 million. Demonstrating its pivot to higher-margin business as discussed a year ago, gross margin increased another 230 basis points to 32.4%.
• As of March 31, 2022, cash, cash equivalents, and restricted cash totaled $3.8 million vs. $1.6 million on December 31, 2021.

Operating Highlights The spinoff of the Company’s AppLogiq (GoLogiq) business is on track to unlock value for both businesses in mid-2022. The rebranded GoLogiq business is expected to update shareholders on recent initiatives within the coming weeks.

The Battle Bridge acquisition, closed just six weeks ago, is already consolidated and generating synergy through cross-selling to expand its and Logiq’s customer base and service offerings as well as to scale its new business development activities.

Management Commentary Logiq Chief Executive Officer, Brent Suen, commented, “Our business remained solid in the first quarter of 2022 as we focused on securing higher-margin customers which have a somewhat longer sales cycle compared with high-volume lower-margin resellers.”

“Our industry is all about vertical expertise and economies of scale, and 95% of our business comprises four verticals: home improvement, insurance, solar, and mystical services.

Accordingly, while we continue to grow those verticals organically, we are pursuing high value-added acquisitions or partnerships in other cyclically or fundamentally undervalued or underserved verticals – with strong ‘rising tide’ potential,” Mr. Suen added. “In this way, we plan to capture market share leadership and acquire successful management teams seeking scale through smart synergistic business combinations. While we are actively considering various verticals, we like the undervalued regulated verticals for their high barriers to entry, such as cannabis, cryptocurrency, online wagering, and pharmaceutical/medtech. Once we successfully enter one regulated vertical, the ad-tech and mar-tech tools and techniques required are largely fungible and easy to repurpose to enter the others. As is standard, our first screen for potential business combinations is accretive to earnings and EBITDA.”

Q1 2022 Financial Highlights Consolidated revenue in the quarter was flat with last year at $8.1 million. The Company’s Lovarra (GoLogiq) CreateApp ^TM platform contributed $3.3 million or 40.8% of first-quarter consolidated revenue, up 35.5% from $2.4 million in the year-ago quarter. The increase was driven by the strategic shift, disclosed a year ago, of targeting the high-margin end-customer segment compared with low-margin high-volume white label resellers. Logiq’s DataLogiq platform revenues contributed $4.8 million or 59.2% of consolidated revenue, decreasing 14.9% from $5.6 million a year ago. The revenue decline was due primarily to a shift away from lower-quality business that now carries lower gross profit margins. This shift is expected to become evident in Q3 and Q4.

Consolidated gross profit decreased 1.0% to $2.2 million on a 27.2% gross margin in Q1 2022 compared with $2.2 million, or 27.6%, respectively in the year-earlier quarter.

Total operating expenses decreased 1.9% to $6.2 million in Q1 2022 from $6.3 million in the year-ago quarter, primarily due to decreases in general and administrative, and sales and marketing.

The Q1-22 net loss was $4.0 million, down from a net loss of $4.1 million in the year-ago quarter and $5.3 million sequentially. As of March 31, 2022, the Company’s cash, cash equivalents, and restricted cash totaled $3.8 million vs. $1.6 million on December 31, 2021.

Revises 2022 Guidance The Company projects annualized revenues for fiscal 2022 to be in the range of $40 million to $50 million, reaching a breakeven EBITDA run rate by the end of 2022 and attaining profitability in early 2023. This forecast is based on the Company’s potential deal pipeline, which includes M&A and potential partnerships and client relationships. However, no assurances can be provided that we will enter into any strategic transactions with those companies in the pipeline, or that the results of any such transactions will allow us to reach this goal.

Conference Call Logiq management will host a conference call on Monday, May 16, 2022, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time).

To access via webcast: https://viavid.webcasts.com/starthere.jsp?ei=1549918&tp_key=241e84c64c

To access by phone: Toll-free dial-in number: 1-800-926-5068 International dial-in number: 1-212-231-2935

Please dial into the conference 15 minutes prior to the start time. An operator will register your name and organization.

A replay of the call will be available after 7:30 p.m. Eastern time on the same day through Monday, May 30, 2022 , as well as available for replay via the Investors section of the Logiq website at www.logiq.com/ir

Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 22018903

About Logiq Logiq Inc. is a U.S.-based leading global provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides a data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

Connect with Logiq: Website | LinkedIn | Twitter | Facebook The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.

Logiq’s Lovarra subsidiary, a fully reporting U.S. public company listed on the OTC Markets , recently acquired the Company’s AppLogiq assets. This includes CreateApp™, the award-winning software-as-as-service (SaaS) platform that enables small and medium-sized businesses worldwide to easily create and deploy a native mobile app for their business. AppLogiq also includes platforms for mobile payments and food delivery, and the licenses of its technologies to third parties. Logiq is planning a mid-2022 distribution of its equity interests in Lovarra to Logiq’s shareholders of record on December 30, 2021.

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

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(Financial tables follow)

LOGIQ INC. Consolidated Balance Sheets

LOGIQ INC. Consolidated Statements of Operations

• Logiq to discuss Q1 2022 results and business outlook, on Monday, May 16, 2022, 4:30 p.m. ET
• Company will review financial performance and strategic initiatives to drive revenue growth and profitability

NEW YORK, May 13, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning digital consumer acquisition solutions, today announced it will hold a conference call on Monday, May 16, 2022, at 4:30 p.m. Eastern time to discuss its first quarter 2022 results ended March 31, 2022. The Company will announce its financial results in a press release earlier on May 16.

Logiq management will host the call and discuss the Company’s financial results and strategic initiatives to drive revenue growth and profitability in 2022, followed by a question-and-answer session.

Event: Logiq Reports First Quarter of 2022 Date: May 16th, 2022, 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) Access:

• Toll-free dial-in number: 1-800-926-5068; International dial-in number: 1-212-231-2935
• Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1549918&tp_key=241e84c64c

Investors can begin accessing the webcast 15 minutes before the call, where an operator will register your name and organization.

30 minutes after the call, the event will be archived and ready for replay via the Investors section of the Logiq website at www.logiq.com/ir .

Toll Free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 22018903 Expiration: Monday May 30, 2022, 11:59 PM ET.

About Logiq Logiq, Inc. is a U.S.-based leading global provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels. Connect with Logiq: Website | LinkedIn | Twitter | Facebook .

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, the proposed acquisition of certain assets of Battle Bridge, including, without limitation, our ability to successfully negotiate and finalize a purchase agreement governing the terms of such acquisition, the structure of the transaction, timing of the transaction, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

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• FY21 gross profit increased 73.8% YOY hitting $11.1 million on $37.3 million in revenue
• FY21 gross margin percentage increased significantly to 29.6% versus 16.8% a year ago
• Record 4Q-21 revenue exceeds Company’s Jan. 6, projection by $800,000, doubling YOY to $13.1 million
• Reorganized business focus demonstrated higher quality revenue streams and wider margins
• M&A pipeline of EBITDA accretive acquisitions seen as key catalyst of 2022 growth
• Company projects 2022 revenue up 30% YOY to $50-$75 million, profitability in early 2023
• Closed Battle Bridge Deal – projected as synergistic and accretive to 2022 earnings

NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning digital consumer acquisition solutions, today announced its results for the fourth quarter and full year ended December 31, 2021.

Recent Highlights

• Completed the transfer of AppLogiq assets (rebranded as GoLogiq) into its majority owned public entity Lovarra (OTC: LOVA) to unlock the value of this dynamic, southeast Asia focused fintech; those shares’ spin-off to shareholders is slated to close in mid-2022
• Restructured senior management teams to facilitate both Logiq and GoLogiq execution, strategic initiatives and M&A
• Closed acquisition of Battle Bridge Labs companies, including Section 2383, LLC (collectively, “Battle Bridge”) assets, seen as synergistic and accretive to 2022 earnings

Financial Highlights

• Revenues for the full year 2021 were $37.3 million, as the Company pivoted its new business development to higher margin customers.
• FY 2021 gross profit increased 73.8% to $11.1 million for a 29.6% gross margin.
• Dec. 31, 2021, cash, cash equivalents and restricted cash totaled $1.6 million.
• Excluding AppLogiq, Logiq FY21 revenues rose 51.8% to $23 million.

Q4 2021 Operational Highlights

• Acquired 78.5% control position of Lovarra (OTC: LOVA), a fully reporting U.S. public company to enable LGIQ shareholders’ direct participation in AppLogiq’s growth
• The Logiq Consumer Marketplace (LCM) advanced scoring system for customer acquisitions drove new customer program offering ramp-up. LCM serves several high-value customers and brands across a diverse range of industries

Closed Battle Bridge Acquisition

Yesterday, the Company announced it has completed the acquisition of certain assets of Battle Bridge Labs companies, including Section 2383, LLC (collectively “Battle Bridge”) a Tulsa, Oklahoma-based digital brand marketing agency, on schedule, previously announced February 17 as a binding LOI.

Logiq anticipates booking $3.8 million in Battle Bridge revenue with $1.4 million in EBITDA cash flow over the next 12 months beginning April 1. Structured as an asset purchase, Logiq purchased certain Battle Bridge assets including customer lists and contracts, trade names and trademarks, marketing resources and assets, proprietary tech and processes, and more for $3.25 million. The purchase price consisted of $250,000 in cash and the issuance of $3 million in restricted Logiq common shares which are subject to a minimum six-month lockup with leak-out gates for one year thereafter. Concurrent with the transaction, Logiq is employing numerous key Battle Bridge employees.

The transaction brings Logiq incremental revenue and projected accretive earnings while synergistically increasing its competitive advantages, content creation resources and broadening its digital marketing expertise enabling both businesses to scale their assets and operations for accelerating growth.

Management Commentary Despite the now-fading COVID-19 headwinds, Logiq reported a year of solid progress, financial performance and business achievements in 2021. The Company has focused its business on higher quality, more profitable revenue streams and, as a result, has already nearly doubled its Q4-21 gross margins year over year.

Logiq Chief Executive Officer, Brent Suen, commented, “While a little lumpy, our strong revenue growth and margin expansion achieved last year demonstrates our re-tooled business plan is succeeding, and it’s only the second inning. In 2021, we took several pivotal steps to reach far higher levels of growth and profitability by reinforcing and broadening our ad-tech and mar-tech digital platforms that are now capable of scaling to over $100 million in annual sales without significant capital expenditure.”

In pursuit of highly scalable, profitable business in the under-served southeast Asia marketplace, Logiq in 2021 reorganized and spun off its AppLogiq (GoLogiq) fintech business unit with a dedicated expert management team enabling it to more nimbly focus on higher-margin, larger-revenue opportunities. AppLogiq has applied to FINRA to change its name, and ticker symbol to reflect “GoLogiq.”

“Our solid 2021 performance confirms our strategy is succeeding, while the separation of Logiq and GoLogiq strengthens both companies’ ability to close strategic, accretive M&A targets in their fast-growing but highly fragmented industries,” Mr. Suen added. “Logiq’s acquisition pipeline, while always screening for accretive EBITDA, is specifically structured to boost competitive advantages, and provide out-sized customer base cross-selling and up-sell opportunities as a post-acquisition organic growth driver.

“The Battle Bridge acquisition exemplifies our accretive acquisition strategy to gain substantial revenue growth and margin expansion opportunities near and long term,” Mr. Suen said. “We are closely evaluating several well managed businesses with attractive valuations that offer the scale and expertise to synergistically drive our market penetration and shareholder value.”

“Looking ahead through 2022,” he concluded, “In addition to our growth initiatives, we are also actively planning to create and integrate our own NFTs to leverage our ad-tech and mar-tech platform and facilitate deploying industry influencers to boost those results and identify high buying-intent consumers.”

Although Logiq is still in the early stages of its growth phase, it forecasts its 2022 revenues will grow over 30% to $50 to $75 million and to reach a breakeven EBITDA run rate by the end of the year, attaining profitability in 2023.”

Q4 2021 Financial Highlights

Consolidated revenue increased 99.5% to a record $13.1 million in the fourth quarter 2021, compared with $6.6 million in the year-ago quarter, as the COVID-19 impact began fading and the Company shifted its focus and business mix to higher margin revenue.

The Company’s AppLogiq mCommerce platform-as-a-service (PaaS) contributed $6.2 million or 47.3% of fourth quarter consolidated revenue quarter, increasing 193.7% from $2.1 million in the year-ago quarter. The increase was driven by the shift to targeting higher-margin end-customers compared with low-margin, high-volume, white-label resellers. DataLogiq (GoLogiq) platform revenues contributed $6.9 million or 52.7% of consolidated revenue, increasing 55.0% from $4.5 million a year ago. The revenue increase was primarily due to a substantial increase in the data monetization business and the inclusion of Push Interactive revenue.

Consolidated gross profit increased 193.6% to $4.1 million on a 31.0% gross margin in Q4 2021 compared with $1.4 million or 21.1% respectively in the year-earlier quarter, reflecting scale from higher revenues and the strategic shift to targeting the high-margin end-customer segment.

Total operating expenses increased 9.8% to $9.4 million in Q4 2021 from $8.5 million in the year-ago quarter primarily due to increases in R&D and sales and marketing.

Q4-21 net loss was $5.3 million compared to a net loss of $7.1 million in the prior year. As of December 31, 2021, the Company’s cash, cash equivalents and restricted cash totaled $1.6 million. FY 2021 Financial Highlights

Consolidated Logiq revenues decreased 1.5% to $37.3 million 2021, compared with $37.9 million for 2020 primarily due to the 37.0% decrease in AppLogiq 2021 revenues resulting from a loss of customers from the adverse effects of the pandemic as well as a strategic shift away from white label APP resellers and towards higher margin direct marketing customers.

Excluding the AppLogiq (GoLogiq) business, Logiq revenues increased 51.8% to $23.0 million from $15.2 million for the year ended Dec. 31, 2020.

Gross profit increased 73.8% to $11.1 million, for a 29.6% gross margin, for the full year 2021, compared to $6.4 million or 16.8% gross margin a year ago.

Total operating expenses increased 53.4% to $31.6 million for full year 2021 from $20.6 million in the same year-ago period, primarily from higher DataLogiq operating expenses that increased $8.5 million year over year.

Net loss was $20.1 million or $(0.95) per basic and fully diluted share in the full year 2021, compared to a net loss of $14.5 million or $(1.14) per basic and fully diluted share in 2020. The increase in the net loss was primarily due to the net loss from the DataLogiq, and higher R&D, G&A, and stock-based compensation.

2022 Guidance The Company projects annualized revenues for fiscal 2022 to be in the range of $50 million to $75 million, reaching a breakeven EBITDA run rate by the end of 2022 and attaining profitability in early 2023. This forecast is based upon the Company’s potential deal pipeline, which includes M&A and potential partnerships and client relationships.

Conference Call Logiq management will host a conference call, followed by a question-and-answer period.

Date: Friday, April 1, 2022, Time: 10:30 a.m. Eastern time (7:30 a.m. Pacific time) To access via web, webcast https://viavid.webcasts.com/starthere.jsp?ei=1540927&tp_key=39132df408

To access by phone Toll-free dial-in number: 1-800-289-0438 International dial-in number: 1-323-794-2423 Please call the conference telephone number 15 minutes prior to the start time. An operator will register your name and organization.

A replay of the call will be available after 1:30 p.m. Eastern time on the same day through Friday, April 15, 2022, as well as available for replay via the Investors section of the Logiq website at www.logiq.com/ir .

Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 5693282

About Logiq Logiq Inc. is a U.S.-based leading global provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides a data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

Connect with Logiq: Website | LinkedIn | Twitter | Facebook

The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.

Logiq’s Lovarra subsidiary, a fully reporting U.S. public company listed on the OTC Markets , recently acquired the Company’s AppLogiq assets. This includes CreateApp™, the award-winning software-as-as-service (SaaS) platform that enables small and medium-sized businesses worldwide to easily create and deploy a native mobile app for their business. AppLogiq also includes platforms for mobile payments and food delivery, and the licenses of its technologies to third parties. Logiq is planning a mid-2022 distribution of Lovarra to Logiq’s shareholders of record on December 30, 2021.

Important Cautions Regarding Forward Looking Statements This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

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(financial tables follow)

Results of Operations for the Three Months ended December 31, 2021 and 2020

LOGIQ, INC.

Consolidated Statements of Operations

* The weighted average number of shares of common stock has been retroactively restated to reflect the 1 for 13 reverse stock-split on February 25, 2020

LOGIQ, INC.

Consolidated Balance Sheets

*The number of shares of common stock has been retroactively restated to reflect the 1 for 13 reverse stock-split on February 25, 2020.

• Strategic, Synergistic Transaction to Increase Market Share and Enhance Growth Opportunities
• Deal Expected to be Accretive to 2022 Earnings; Supports LGIQ Forecast for Breakeven EBITDA Run Rate by Year-End

NEW YORK, March 31, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, today announced it has completed the acquisition of certain assets of the Battle Bridge Labs companies, including Section 2383 LLC (collectively, “Battle Bridge”), a Tulsa, Oklahoma-based digital brand marketing agency, on schedule, as previously announced February 17 as a binding LOI.

Battle Bridge is a rapidly growing, leading boutique provider of digital brand marketing services including pay-per-click management, social media marketing, funnel creation and optimization, SEO, web design, conversion optimization and more. It is a certified partner of Google, Shopify, Bing ads, IMA, and has been featured in Forbes, HuffPo, Wix.com and other leading publications.

Logiq anticipates booking $3.8 million in Battle Bridge revenue with $1.4 million in EBITDA cash flow over the next 12 months beginning April 1. Structured as an asset purchase, Logiq purchased certain Battle Bridge assets including customer lists and contracts, trade names and trademarks, marketing resources, proprietary tech and processes, and more for $3.25 million. The purchase price consisted of $250,000 in cash and the issuance of $3 million in restricted Logiq common shares which are subject to a minimum six-month lockup with leak-out gates for one year thereafter. Concurrent with the transaction, Logiq is employing numerous key Battle Bridge employees.

The transaction brings Logiq incremental revenue and projected accretive earnings while synergistically increasing its content creation resources and broadening its digital marketing expertise enabling both businesses to scale their assets and operations for accelerating growth.

“Our first strategic deal of 2022 is tremendously positive as we successfully execute on our business plan to pursue strategic and EBITDA-accretive acquisitions that strengthen our competitive advantages, enable us to capture market share and create cross-selling opportunities,” said Brent Suen, Logiq Chairman and CEO. “It is an exemplary model of the types of transactions we are actively working on for 2022.”

“All industries go through periods of consolidation,” Mr. Suen added. “With most small businesses hit hard by the pandemic, we see many well-managed businesses in our fragmented industry with attractive, low valuations whose best option for strong, sustainable growth is simply to gain scale through M&A. Logiq has the expertise and vision to synergistically consolidate these undiscovered values.”

About Logiq Logiq Inc. is a U.S.-based leading global provider of e-commerce and customer acquisition solutions by simplifying digital advertising. It provides a data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

Connect with Logiq: Website | LinkedIn | Twitter | Facebook .

Important Cautions Regarding Forward Looking Statements

This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, including, without limitation, our ability to successfully negotiate and finalize a purchase agreement governing the terms of such acquisition, the structure of the transaction, timing of the transaction, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Media & Investor Contact Email contact