TrustBIX Inc. Announces Development of Software Platform and Transition of Support Services

Core Insights - TrustBIX Inc. is undergoing a strategic shift in technology development and service delivery, focusing on a new livestock auction market software solution integrated with the TrustBIX Gate to Plate® platform [1][2] - The company is transitioning away from its Auction Master Pro (AMP) software due to identified challenges, including resource loss and slow revenue growth, and will instead develop technology through strategic partnerships [2] - TrustBIX has entered into an agreement to transfer AMP support contracts to IT Group, ensuring continuity of service for existing customers while allowing TrustBIX to concentrate on new agricultural technology [3] Financial Overview - Recurring and one-time revenue from AMP, including support contracts, was approximately $1.1 million for the fiscal years ended September 30, 2025, and 2024 [4] - TrustBIX anticipates offsetting the reduction in AMP-related revenue through sales of its indoor farming technology, with purchase orders and contracts totaling over $5 million [4] Regulatory Considerations - The assignment and transfer of the AMP support contracts are subject to regulatory approvals, including TSXV approval, and customary closing conditions [5]