Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Carrier Connect Data Solutions Inc. (TSXV: CCDS) (OTCQB: CCDSF) (WKN: A40XB1) (the "Company" or "Carrier"), a data center company on a mission to roll up Tier II/III data centers internationally that specialize in delivering co-location, is pleased to announce, further to its news release dated November 28, 2025, that it has completed its acquisition (the "Acquisition") of all of the issued and outstanding securities of PureColo Inc. ("PureColo") from its existing securityholders (the "PureColo Securityholders"). PureColo is an established provider of carrier-neutral data centers in the Ottawa, Canada region, offering colocation and server hosting for internet connectivity, geographical redundancy and disaster recovery.
Upon completion of the Acquisition, the Company has (a) issued an aggregate of 4,606,704 common shares (the "Consideration Shares") and (b) paid an aggregate of approximately $2,326,000 (the "Cash Consideration") to the PureColo Securityholders, on a pro rata basis, in connection with the Acquisition. The Consideration Shares are subject to certain escrow conditions releasable as to 1/3 on each of the dates that are four-, eight- and twelve-months following December 4, 2025. The Cash Consideration is payable over a nine-month period and is subject to adjustment based on certain debt covenants of PureColo in the SPA.
Mark Binns, CEO of Carrier, comments, "This is an exciting acquisition for our evolution as a company. Adding PureColo and their two Ottawa area data centers to our portfolio, along with Vancouver and Perth, is expected to take the Company to a new level of scale and growth potential. The acquisition of PureColo represents significantly increased revenue and square footage, and PureColo has many industry relationships that we will aim to leverage for further acquisitions. We welcome the PureColo staff to our team, and we look forward to updating shareholders on further advancements as they happen."
The Company plans to file a Business Acquisition Report ("BAR") in accordance with securities regulations within the prescribed time with respect to the Acquisition, and will issue a further news release on filing the BAR.
About Carrier Connect Data Solutions Inc.
Carrier Connect Data Solutions' mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the Company are Vancouver and Ottawa, Canada and Perth, Australia, where it serves clients who use its facilities either as their primary datacenter or as an ancillary site depending on their needs.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Mark Binns"
Mark Binns, CEO
For further information, please contact:
Attention: Mark Binns, CEO
Email: mark@carrierconnectds.com
Phone: 778-945-1074
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 of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information is based on numerous assumptions, including among others, that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward-looking information are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, and the risk factors with respect to the Company set out in the Company's filings with the Canadian securities regulators and available under the Company's profile on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
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SOURCE: Carrier Connect Data Solutions Inc
