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TrustBIX Inc. — Regulatory Filings 2024
Jan 4, 2024
47295_rns_2024-01-04_4837b06f-df40-4d40-aad0-185fccdd374a.pdf
Regulatory Filings
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company:
TrustBIX Inc. 10607 – 82 Street, 2[nd] Floor Edmonton, AB T6A 3N2
Item 2 Date of Material Change:
December 29, 2023
Item 3 News Release:
A news release dated December 29, 2023 was issued and disseminated on December 29, 2023 through the services of Newsfile and filed that same date on SEDAR Plus.
Item 4 Summary of Material Change:
TrustBIX Inc. (“TrustBIX” or the “Company”) announced a strategic shift in its product portfolio whereby the Company will initiate a planned transition to gradually phase out its ViewTrak Market Master and Dealer Master software programs.
Item 5 Full Description of Material Change:
The ViewTrak Market Master (“MM”) and Dealer Master (“DM”) software programs represented approximately 19% and 23% of total revenue during the fiscal years ended September 30, 2023 and 2022, respectively.
The Company expects the planned phase out to occur gradually over the next twelve (12) months. Throughout this period, the Company will continue to provide certain ongoing support for MM and DM hardware and software to its customers to allow for a smooth transition.
As part of this strategic shift, TrustBIX encourages its existing MM and DM customers to migrate to its newer ViewTrak Auction Master Pro (“AMP”) software program.
Item 6 Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102:
None
Item 7 Omitted Information:
Not Applicable.
Item 8 Executive Officer:
Hubert Lau Chief Executive Officer Telephone: 1-780-456-2207
Item 9 Date of Report:
January 4, 2024