GOLO Mobile Inc. Terminates Agreement to Acquire eServus.com Online Services Ltd.

Montreal, Quebec–(Newsfile Corp. – April 28, 2020) – GOLO Mobile Inc. (TSXV: GOLO) (“GOLO” or “the Company”), today announced that it has exercised its right to terminate the previously announced agreement dated February 24, 2020 to acquire eServus.com Online Services Ltd. (“eServus”). Completion of the transaction was subject to certain negotiated conditions for GOLO’s exclusive benefit that were unable to be satisfied.

About GOLO Mobile Inc.

GOLO provides time saving convenience for daily tasks to individuals in high-population density areas. The Company’s focus is on office buildings, residential towers, corporate campuses, hospitals, airports and other highly populated areas. GOLO is publicly traded on the TSXV and its controlling shareholder is controlled indirectly by affiliates of Blackstone Group L.P. and the funds comprising CVC Capital Partners VI.

For Further Information:
Peter Mazoff, Chief Executive Officer
(514) 670-1228
ir@goloir.com

Nicole Piasentini
(416) 848-1460
npiasentini@national.ca

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

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