Solution Financial Commences Trading on the OTCQX in the United States

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Vancouver, British Columbia–(Newsfile Corp. – November 22, 2021) – Solution Financial Inc. (TSX: SFI) (OTCQX: SLNFF) (the “Company“), a leading provider of luxury automotive and yacht leasing in Canada, is pleased to announce that effective today, the Company’s common shares will begin trading on the OTCQX Best Market (“OTCQX”) under the symbol “SLNFF”. The OTCQX is the highest market tier operated by the OTC Markets Group Inc. on which over 11,000 U.S. and global securities trade. Trading on the OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. The Company’s shares will continue to trade on the Toronto Stock Exchange under the symbol “SFI”.

The OTCQX provides value and convenience to U.S. investors, brokers and institutions seeking to trade SLNFF. To be eligible for trading on OTCQX, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. The Company is in the process of obtaining Depository Trust Company (“DTC”) eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com/stock/SLNFF/overview.

“We are excited to join the OTCQX community and bring our dividend paying common shares to a wider audience of investors,” said Bryan Pang, Chief Executive Officer. “We are building a fantastic following of investors interested in the luxury and ultra-luxury vehicle leasing market. Most traditional auto leasing service the sub-prime lending markets, but our unique value proposition targets the new trend of Luxury-As-A-Service, where clients are looking for more flexibility in ownership, brand variety, and a partner who can source rare or limited-edition vehicles. We look forward to welcoming new retail and institutional investors from the U.S. and thank the OTC Markets Group for their assistance and welcoming team.”

McMillan LLP acted as the Company’s OTCQX sponsor.

About Solution Financial

Solution Financial was incorporated under the provisions of the Business Corporations Act (British Columbia) in 2004 and specializes in sourcing and leasing luxury and exotic vehicles, yachts, and other high-value assets. Solution works with a select group of automotive and marine dealerships providing lending solutions to clients who cannot obtain leasing terms with traditional Canadian financial institutions. Typical customers include new immigrants, business owners, and international students. Solution Financial provides a unique leasing experience whereby it partners with its clients to help them navigate the challenges of acquiring, insuring, maintaining, and upgrading vehicles and luxury assets in Canada.

For further information please contact Sean Hodgins, CFO at (778) 318-1514.

ON BEHALF OF THE BOARD

(signed) “Bryan Pang
Brian Pang, President, CEO and Director

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

Forward-Looking Statements

Certain statements contained in this news release constitute “forward‐looking statements.” Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, and similar expressions, as they relate to the Company or its management, are intended to identify forward‐looking statements. Such statements reflect our current views with respect to future events and are subject to inherent risks, uncertainties and numerous assumptions, including, without limitation, general economic conditions, reliance on debt financing, dependence on non‐prime borrowers, inability to sustain receivables, competition, interest rates, regulation, insurance, failure of key systems, debt service, future capital needs and such other risks or factors described from time to time in reports of the Company that are filed with securities regulatory authorities. By their nature, forward‐looking statements involve numerous assumptions, known and unknown, risks and uncertainties, both general and specific, which contribute to the possibility that predictions, forecasts, projections and other forms of forward‐looking information may not be achieved. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward‐looking statements and readers are cautioned that the list of factors in this paragraph are not exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Accordingly, readers are cautioned not to place undue reliance on forward‐ looking statements or interpret or regard forward‐ looking statements as guarantees of future outcomes. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104502