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E Automotive Inc. d/b/a EINC Announces John Rim as Chief Financial Officer

Mon, 28 Aug 2023 17:34:03 GMT

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TORONTO, Aug. 28, 2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX: EINC) ( "EINC" or the "Company" ) today announced that the Company has appointed John Rim, CPA, CA as its Chief Financial Officer (CFO). Mr. Rim has more than 25 years of business, finance and accounting experience, including the past 12 years working as a CFO or Chief Operating Officer for publicly listed companies on the TSX, TSX-V and NASDAQ exchanges.

"John brings a wealth of experience from his work in high growth markets with profitable companies that are M&A orientated which is ideally aligned with our strategy at EINC," said Jason McClenahan, CEO of EINC. "We believe he is a tremendous addition that complements our senior management team as we continue to scale our platform and drive towards profitability serving dealers in the vehicle wholesale and retail verticals."

"EINC is disrupting the vehicle wholesale market with its digital-meets-physical approach to automobile dealers. This is an opportunity to work with a deeply experienced management team that brings a unique vision and technology platform to a high growth market serving dealers where and how they want to transact," said John Rim, CFO of EINC.

Mr. Rim is a CPA, CA who has an extensive background across a range of businesses from start-up to Fortune 500 multinationals, both publicly listed and private equity owned companies including, Brookfield, KIK Custom and Bitfarms. Mr. Rim most recently held the position of CFO at WonderFi Technologies Inc. (TSX: WDNR) and prior to that role held the same position at Quarterhill Inc. (TSX: QTRH). He has a broad range of experience including, financial planning, reviews and reporting, M&A due diligence and integration, IPO readiness, financial systems and internal controls, and tax planning.

Mr. Rim will join EINC effective October 1 this year, in the interim Andy Bohlin will continue to consult with the Company through that period.

About EINC

EINC's mission is to optimize the online vehicle buying, selling, and management experience for automotive dealers and consumers. EINC has a digital platform (the "Platform") that provides automotive dealerships with access to an online wholesale auction marketplace where they can purchase or sell vehicles to other dealers, as well as access innovative software solutions to support dealers' digital retailing and inventory management. Access to EINC's Platform is complemented by ancillary service offerings to assist dealers with supplementary auction-related needs, including driving consumer traffic to their digital properties and optimizing other business processes. E Inc.'s digital wholesale marketplace goes to market under the brand EBlock, and EINC's digital retail suite of products goes to market under the brand EDealer.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking information that reflects the current expectations of management about the future results and opportunities for EINC. Forward-looking statements generally can be identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", "prospects", "continues", or similar expressions suggesting future outcomes or events. More particularly and without limitation, this press release contains forward-looking statements and information concerning the Company's future positioning, vision of the market, scaling of the business on its existing cost base, future business prospects and potential. Such forward-looking statements reflect EINC's current beliefs and are based on information currently available to management, and EINC can give no assurance that these statements will prove to be correct. Although EINC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements. By its nature, forward-looking information is subject to various risks and uncertainties (including those risks outlined in the Company's most recent annual information form), which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof and to not use such forward-looking information for anything other than its intended purpose. EINC undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE E Automotive Inc.

E Automotive Inc. d/b/a EINC. Announces Final Results of its Substantial Issuer Bid

Fri, 26 May 2023 07:54:00 GMT

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TORONTO, May 26, 2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX: EINC) ( "EINC" or the "Company" ) announced today that it will take up and purchase for cancellation 1,317,239 of its common shares (the "Common Shares" ) at a purchase price of C$3.50 per Common Share under the Company's substantial issuer bid (the "Offer" ), for aggregate consideration of approximately C$4.61 million.

Common Shares purchased under the Offer represent approximately 2.49% of the issued and outstanding Common Shares on a non-diluted basis as at April 18, 2023, when the terms of the Offer were announced. After giving effect to the Offer and the Company's private placement of Common Shares to finance the Offer, 57,767,448 Common Shares will be issued and outstanding.

A total of 1,317,239 Common Shares were properly tendered to the Offer and not withdrawn. Payment for the purchased Common Shares will be effected by TSX Trust Company (the "Depositary" ) in accordance with the Offer and applicable law.

The full details of the Offer are described in the offer to purchase and issuer bid circular dated April 18, 2023, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com.

This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Common Shares.

About EINC

SOURCE E Automotive Inc.

E Automotive Inc. d/b/a EINC Announces Voting Results from its Annual and Special Meeting....

Wed, 24 May 2023 18:01:11 GMT

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TORONTO, May 24, 2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX: EINC) ( "EINC" or the "Company" ) announced today the results of voting at its annual and special meeting of shareholders held on May 23, 2023 (the "Meeting" ) together with the preliminary results of its substantial issuer bid (the "Offer" ) to purchase for cancellation up to C$7.5 million of its common shares (the "Common Shares" ) and an updated on its previously announced private placement (the "Private Placement" ).

Voting Results

Each of the eight nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company. EINC received proxies and virtual votes at the Meeting as set out below:

An ordinary resolution approving the appointment of Deloitte LLP as EINC's auditors for the 2023 fiscal year and a special resolution approving the reduction of the Company's stated capital to C$187,000,000, or such higher amount to be determined by the Company's board of directors ( "Board" ) in its sole discretion, were each passed by the requisite number of votes.

Details of the voting results on all matters considered at the Meeting are available in the Company's report of voting results, which is available under EINC's profile on SEDAR at www.sedar.com.

Preliminary Results of Substantial Issuer Bid

The Company also announced today the preliminary results of the Offer. The Offer expired at 5:00 p.m. (Eastern Time) on May 23, 2023.

All of the terms and conditions of the Offer have been complied with or waived and, based on a preliminary count from TSX Trust Company (the "Depositary" ), approximately 1,317,239 Common Shares were tendered to the Offer. Accordingly, the Company expects to take up and purchase for cancellation 1,317,239 Common Shares at a purchase price of C$3.50 per Common Share (the "Purchase Price" ), for aggregate consideration of approximately C$4.61 million. The Common Shares expected to be purchased under the Offer represent approximately 2.49% of the issued and outstanding Common Shares on a non-diluted basis as at April 18, 2023, the date the terms of the Offer were publicly announced.

The number of Common Shares to be purchased under the Offer is preliminary, subject to verification by the Depositary and assumes that all Common Shares tendered through notices of guaranteed delivery will be delivered within the two trading day settlement period. The Company will announce the final results following completion of take-up of the Common Shares tendered to the Offer.

Update on Private Placement

EINC also confirmed today that the Private Placement is expected to be completed on May 25, 2023, pursuant to which EINC will issue 6,001,427 Common Shares at the Purchase Price for total proceeds of approximately C$21,005,000. Intercap Equity Inc. ( "Intercap" ), which currently beneficially owns or exercises control or direction over approximately 72% of the Company's Common Shares on a non-diluted basis, is acquiring 5,714,285 Common Shares under the Private Placement for total proceeds of C$20 million. Four other investors, including a director of the Company, have committed to acquire 287,142 Common Shares under the Private Placement for proceeds of approximately C$1,005,000. The Company is currently in discussions with others, including members of management, about further participation in the Private Placement.

After giving effect to the Offer and the Private Placement, approximately 57,767,448 Common Shares are expected to be issued and outstanding. Intercap will own 43,867,003 Common Shares, representing approximately 75.94% of the issued and outstanding Common Shares on a non-diluted basis.

As previously disclosed, the Common Shares are expected to be delisted from the Toronto Stock Exchange after close of markets today.

This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Common Shares.

About EINC

EINC's mission is to optimize the online vehicle buying, selling, and management experience for automotive dealers and consumers. EINC has a digital platform (the "Platform" ) that provides automotive dealerships with access to an online wholesale auction marketplace where they can purchase or sell vehicles to other dealers, as well as access innovative software solutions to support dealers' digital retailing and inventory management. Access to EINC's Platform is complemented by ancillary service offerings to assist dealers with supplementary auction-related needs, including driving consumer traffic to their digital properties and optimizing other business processes. E Inc.'s digital wholesale marketplace goes to market under the brand EBlock, and EINC's digital retail suite of products goes to market under the brand EDealer.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking information that reflects the current expectations of management about the future results and opportunities for EINC. Forward-looking statements generally can be identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", "prospects" or similar expressions suggesting future outcomes or events. More particularly and without limitation, this press release contains forward-looking statements and information concerning purchases of Common Shares made under the Offer, the Private Placement and the delisting. Such forward-looking statements reflect EINC's current beliefs and are based on information currently available to management, and there is no assurance that any Common Shares will be purchased under the Offer or the Private Placement. Although EINC believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because EINC can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof and to not use such forward-looking information for anything other than its intended purpose. EINC undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For further information, please contact:

Ross Marshall

Investor Relations

Email: ross.marshall@loderockadvisors.com

Tel: 416-526-1563

SOURCE E Automotive Inc.

E Automotive Inc. d/b/a EINC Provides Update on Voluntary Delisting from Toronto Stock Exchange, Substantial Issuer Bid and Concurrent Private Placement

Tue, 16 May 2023 14:51:25 GMT

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TORONTO, May 16, 2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX: EINC) ( "EINC" or the "Company" ) is providing an update on its previously announced voluntarily delisting of its common shares ( "Shares" ) from the Toronto Stock Exchange (the "TSX" ), substantial issuer bid (the "Offer" ) and concurrent private placement for up to C$20 million in Shares (the "Private Placement" ).

Update on Delisting

The Company expects to delist its Shares from the TSX at close of markets on May 24, 2023, at which point there will be no public market for holders of the Company's Shares ( "Shareholders" ) to trade such Shares. The Company will, however, remain a "reporting issuer" under applicable Canadian securities laws.

Update on Offer

In considering the voluntary delisting, the Company was mindful of the effect the delisting will have on its Shareholders' ability to seek liquidity.

While the Company is hoping all Shareholders will remain as Shareholders, to help address concerns from those who do not wish to hold shares of an unlisted company, the Company's board of directors (the "Board" ) approved the commencement of the Offer, pursuant to which the Company has offered to acquire up to C$7.5 million of Shares at a price of C$3.50 per Share (the "Offer Price" ).

When the Offer was announced, the Company believed that an Offer of C$7.5 million would be sufficiently large to enable the Company to take up all Shares tendered by then-current Shareholders seeking liquidity in advance of the delisting. The Company continues to hold that belief today. However, there can be no assurances that the size of the Offer will be sufficient to provide all Shareholders with liquidity. The Offer expires May 23, 2023 at 5:00 pm. The final results of the Offer are expected to be announced the morning of May 24, 2023.

Details of the Offer, including instructions for tendering Shares and a copy of the formal valuation obtained in connection with the Offer, were included in a formal offer to purchase and issuer bid circular, letter of transmittal and notice of guaranteed delivery (the "Offer Documents" ), which were mailed to Shareholders on April 18, 2023 and are available without charge on the Company's SEDAR profile page at www.sedar.com.

Update on Private Placement

To help finance the Offer and provide the Company with additional working capital, the Company intends to complete a Private Placement of up to C$20 million of Shares at the Offer Price. Intercap Equity Inc. ("Intercap"), which currently beneficially owns or exercises control or direction over approximately 72% of the Company's Shares on a non-diluted basis, has committed to finance up to the full amount of the Private Placement. The Company is currently in discussions with directors, management and two other shareholders about participating in the Private Placement. No other commitments have been received in respect of the Private Placement, though the Company currently expects there may be between C$1 and C$2 million of aggregate demand from these other investors. If other investors commit to the Private Placement, Intercap's commitment may be reduced accordingly. Intercap's commitment may also be reduced if there are less than $7.5 million of Shares tendered to the Offer.

Process Considerations

The Company's decision to effect the delisting, Offer and Private Placement was a result of extensive deliberations by the Board.

The Company does not consider the delisting and the Offer to involve a conflict of interest, as all Shareholders are receiving equal treatment under the delisting and the Offer. However, the Board did consider the differential position of Intercap given its significant Shareholdings. While the Board determined that Intercap's differential position was mitigated by Intercap's already controlling interest and the Company's strategic rationale for the transactions, it nonetheless took steps to ensure that the delisting, Offer and Private Placement were considered independently of Intercap.

Specifically, Jason Chapnik (a director of the Company who beneficially owns, controls or directs, directly or indirectly, all of the equity interests of Intercap and serves as Chief Executive Officer of Intercap) and James Merkur (a director of the Company who serves as President of Intercap) were excluded for portions of each of the three special Board meetings held in respect of the delisting, Offer and Private Placement, so that the Company's remaining directors could meet in camera and deliberate the material terms of the transactions. Further, all Board approvals relating to the delisting, Offer and Private Placement were made with Messrs. Chapnik and Merkur abstaining.

No Solicitation

Neither the Company nor its Board makes any recommendation to Shareholders as to whether to tender or refrain from tendering any or all of their Shares to the Offer. This press release is neither an offer to purchase nor a solicitation of an offer to sell any Shares. The solicitation of and the offer to purchase Shares by the Company is being made only pursuant to the Offer Documents. Shareholders are urged to read the Offer Documents carefully and to consult their own legal, financial and tax advisors prior to making any decision with respect to the Offer.

About EINC

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking information that reflects the current expectations of management about the future results and opportunities for EINC. Forward-looking statements generally can be identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", "prospects" or similar expressions suggesting future outcomes or events. More particularly and without limitation, this press release contains forward-looking statements and information concerning the Company's proposed voluntary delisting from the TSX, purchases of Shares made under the Offer and the Private Placement and the Board's views on the sufficiency of the size of the Offer. Such forward-looking statements reflect EINC's current beliefs and are based on information currently available to management, and there is no assurance that the voluntary delisting will occur, any Shares will be purchased under the Offer, the Private Placement will be completed or that the size of the Offer will be sufficient to provide all Shareholders with liquidity. Although EINC believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because EINC can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof and to not use such forward-looking information for anything other than its intended purpose. EINC undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE E Automotive Inc.

E Automotive Inc. d/b/a EINC. Announces Voluntary Delisting from Toronto Stock Exchange and Launch of Substantial Issuer Bid

Mon, 10 Apr 2023 15:02:49 GMT

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Eliminates negative impact of having a public listing with no trading volumes while maintaining flexibility to return to the TSX or a U.S. exchange in the future
Allows any shareholder to remain a shareholder and participate in any potential future upside in delisted company
Provides liquidity and certainty of value at a premium for shareholders that do not wish to remain shareholders of an unlisted company
Lower transaction costs and shorter timeline as compared to a go private transaction

TORONTO, April 10, 2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX: EINC) ( "EINC" or the "Company" ) announced today that its board of directors ( "Board" ), the Company's shareholders and the Toronto Stock Exchange have all approved the voluntarily delisting of the Company's common shares ( "Shares" ) from the Toronto Stock Exchange (the "TSX" ). The Company also announced today that its Board has approved the commencement of a substantial issuer bid under which the Company will offer to repurchase for cancellation up to C$7.5 million of its Shares to provide existing shareholders an opportunity for liquidity in advance of the voluntary delisting.

Voluntary Delisting from the TSX

The Company has decided to delist from the TSX after concluding that maintaining the listing does not offer substantial benefits to the Company and its shareholders. The Company will, however, remain a "reporting issuer" under applicable Canadian securities laws and continue to provide regular comprehensive disclosure, providing the Company with the flexibility to potentially return to the TSX or a U.S. exchange in the future in a cost effective manner.

In making the decision to delist, the Company considered, among other things, the direct and indirect costs associated with having the Company's Shares listed on a stock exchange and the significant changes in the Company's institutional shareholder base since its oversubscribed initial public offering (the "IPO" ). Institutional investors comprised over 90% of the IPO but as economic and market conditions deteriorated the majority of such investors sold their positions before the Company had even reported a single quarter following the IPO. As of today, approximately 95% of institutional investors that acquired Shares on the IPO have sold their positions.

The Company also considered its extremely limited trading volumes and the Company's small public float (approximately 10% of the Shares are held by investors who are not members of management, directors or employees of the Company). Limited trading volumes and a small public float limit future institutional investment opportunities and can drive volatility in the price of the Company's Shares unrelated to the Company's performance. However, should market conditions and Company performance improve, the Company may seek to list its shares again in the future in connection with investment from institutional investors.

The Company also compared a delisting to a traditional going private transaction, and determined that the benefits of a delisting (including giving all Shareholders the option to participate in any potential future upside, lower transaction costs and a shorter timeline) outweighed the benefits of a going private transaction in the Company's current circumstances.

The TSX allowed (in accordance with Section 720 of the TSX Company Manual) the Company to provide written evidence that Shareholder approval for the voluntary delisting was obtained, with holders of approximately 89% of all Shares voting in favour, and holders of approximately 59% of all Shares excluding Shares held by Intercap Equity Inc. (which beneficially owns or exercises control or direction over approximately 72% of the Shares on a non-diluted basis) voting in favour.

The Company expects to delist its Shares from the TSX on or about May 24, 2023, at which point there will be no public market to trade the Company's Shares. The Company will, however, remain a "reporting issuer" under applicable Canadian securities laws. As a result, Shares that are currently freely tradeable in Canada will continue to be freely tradeable in Canada, and the Company will continue to disseminate its continuous disclosure documents as required by law until it is no longer required to do so.

Substantial Issuer Bid

In considering the voluntary delisting, the Company was mindful of the effect the delisting will have on Shareholders' ability to seek liquidity. While the Company is hoping all Shareholders will remain as Shareholders, to help address concerns from those who do not wish to hold shares of an unlisted company, the Board has approved the commencement of a substantial issuer bid (the "Offer" ) pursuant to which the Company will offer to acquire up to C$7.5 million of Shares at a price of C$3.50 per Share. The Board has obtained a valuation from Canaccord Genuity Corp. to the effect that, based on and subject to the assumptions and limitations stated in such opinion, as of April 10, 2023 the fair market value per Share falls within the range of C$3.00 to C$4.60 per Share. The closing price of the Shares on the Toronto Stock Exchange (the "TSX" ) on April 10th, 2023, the last full trading day prior to the Company's announcement of its intention to make the Offer, was C$3.01.

Details of the Offer, including instructions for tendering Shares and a copy of the formal valuation, will be included in the formal offer to purchase and issuer bid circular, letter of transmittal and the notice of guaranteed delivery (collectively, the "Offer Documents" ). The Offer Documents will be mailed to Shareholders and filed with applicable Canadian securities regulatory authorities on or about April 18, 2023 and made available without charge on the Company's SEDAR profile page at www.sedar.com, as well as being posted on the Company's website at e.inc. Shareholders should carefully read the Offer Documents prior to making a decision with respect to the Offer.

The Offer will not be conditional upon any minimum number of Shares being tendered. The Offer will, however, be subject to other conditions and the Company will reserve the right, subject to applicable laws, to withdraw or amend the Offer, if, at any time prior to the payment of deposited Shares, certain events occur. If Shares with an aggregate purchase price of more than C$7.5 million are properly tendered and not properly withdrawn, the Company will purchase the Shares on a pro rata basis except that "odd lot" tenders (of holders beneficially owning fewer than 100 Shares) will not be subject to pro-ration.

Potential Private Placement

To help finance the Offer and provide the Company with additional working capital, the Company intends to complete a private placement of up to C$20 million of Shares at the Offer Price. Intercap has committed to finance up to the full amount of the proposed private placement. Depending on demand for the private placement, Intercap's commitment may decrease, or the size of the private placement may increase. Any Shareholders that would like to participate in the private placement and can do so on a prospectus exempt basis in accordance with applicable securities laws may contact the Company.

All of the Company's directors and officers support the delisting and do not intend to tender any Shares to the Offer. Neither the Company nor its Board makes any recommendation to Shareholders as to whether to tender or refrain from tendering any or all of their Shares to the Offer. This press release is neither an offer to purchase nor a solicitation of an offer to sell any Shares. The solicitation of and the offer to purchase Shares by the Company is being made only pursuant to the Offer Documents. Shareholders are urged to read the Offer Documents carefully and to consult their own legal, financial and tax advisors prior to making any decision with respect to the Offer.

About EINC

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking information that reflects the current expectations of management about the future results and opportunities for EINC. Forward-looking statements generally can be identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", "prospects" or similar expressions suggesting future outcomes or events. More particularly and without limitation, this press release contains forward-looking statements and information concerning the Company's proposed voluntary delisting from the TSX, the potential for listing again, potential future upside in the delisted company, purchases of Shares made under the Offer and the potential private placement. Such forward-looking statements reflect EINC's current beliefs and are based on information currently available to management, and there is no assurance that the voluntary delisting or relisting will occur, any Shares will be purchased under the Offer, the private placement will be completed or that the value of the Shares will increase in the future. Although EINC believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because EINC can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof and to not use such forward-looking information for anything other than its intended purpose. EINC undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE E Automotive Inc.

E INC to Host 2022 Fourth Quarter and Year End Results Conference Call

Fri, 24 Feb 2023 20:28:32 GMT

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TORONTO, Feb. 24, 2023 /CNW/ - E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") today announced that it will release its 2022 fourth quarter and year end financial results by press release on Tuesday, March 7, 2023, after markets close. The Company will subsequently hold a conference call that same day, Tuesday, March 7, 2023, at 5:00 pm Eastern Time hosted by Mr. Jason McClenahan, President & Chief Executive Officer, and Mr. Andy Bohlin, Chief Financial Officer. A question and answer session will follow the corporate update.

Conference Call Details

DATE: Tuesday, March 7, 2023

TIME: 5:00 pm ET

RAPIDCONNECT: To instantly join the conference call by phone, please use the

following URL to easily register and be connected into the

conference call automatically: https://bit.ly/3HyZmFE

DIAL-IN NUMBER: (416) 764-8659 or (888) 664-6392

REFERENCE NUMBER: 86691417

TAPED REPLAY: (416) 764-8677 or (888) 390-0541

REPLAY CODE: 691417#

A link to the live audio webcast of the conference call will also be available on the events page of the investors section of E INC's website at e.inc or by using the link: https://app.webinar.net/63bx2YN1BXW

Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to hear the webcast. An archived webcast will be available for 90 days.

About E INC.

E INC's mission is to optimize the online vehicle buying, selling, and management experience for automotive dealers and consumers. E INC has a digital platform (the "Platform") that provides automotive dealerships with access to an online wholesale auction marketplace where they can purchase or sell vehicles to other dealers, as well as access innovative software solutions to support dealers' digital retailing and inventory management. Access to E INC's Platform is complemented by ancillary service offerings to assist dealers with supplementary auction-related needs, along with driving consumer traffic to their digital properties and optimizing other business processes. E INC's digital wholesale marketplace goes to market under the brand EBlock, and E INC's digital suite of retail products goes to market under the brand EDealer.

SOURCE E Automotive Inc.

Investor Presentation

Tue, 24 May 2022 20:25:04 GMT

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