VANCOUVER, BC - November 28, 2025 (NEWMEDIAWIRE) - Carrier Connect Data Solutions Inc. (TSX.V: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 that the Company entered into a definitive share purchase agreement (the “SPA”) on November 27, 2025 to acquire 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.

Pursuant to the SPA, the Company has agreed to issue an aggregate of 4,606,704 common shares (the “Consideration Shares”) to the PureColo Securityholders, in connection with the acquisition. The Consideration Shares will be subject to certain escrow conditions releasable as to 1/3 on each of the dates that are 4, 8 and 12 months following closing.

In addition, the PureColo Securityholders will receive cash consideration expected to be approximately $2,326,000 (the “Cash Consideration”). The Cash Consideration is payable over a nine month period following closing and is subject to adjustment based on certain debt covenants of PureColo in the SPA.

Completion of the acquisition is subject to a number of customary closing conditions set forth in the SPA, including the approval of the TSX Venture Exchange. The transaction was negotiated at arm's length and no finders fees or other commissions are payable.

PureColo’s unaudited revenue for 2025 is forecast to be CAD ~$2.35M based on current run rates. On the same measure, gross profit is ~$1.13M (48%) and operational expenses are forcast to be $1M (~46%). PureColo services ~60 customers across its 2 data centers on Riverside Drive and March Road in Ottawa, Ontario. Revenue growth at Purecolo is tracking at 28% YoY, and the company is EBITDA positive. Purecolo has $3.5M in property, plant and equipment with $3.7M in total assets. All financial information is unaudited.

Rainer Paduch, Chief Executive Officer of PureColo, commented, “The PureColo team has been working with the CCDS team through the due diligence process. The relationship has progressed well indicating that the integration of PureColo into CCDS should go smoothly. PureColo has been seeing opportunities for CCDS’ existing data centers that were referred over. PureColo has also seen an uptick in mid-market AI opportunities that fit well into the CCDS & PureColo data centers and should drive significant revenue going forward.”

“We are thrilled to be adding PureColo’s Ottawa based data centers to the Carrier Connect portfolio. With this acquisition Carrier has 4 data centers, in 3 regions, with a strong revenue base and expansion capacity as well,” said Carrier’s Chief Executive Officer, Mark Binns. ”PureColo gives us more space to offer our existing and prospective customers while we continue to accumulate further capacity through ongoing acquisitions. We welcome the whole PureColo team to the Carrier family.”

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, 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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