Business Progress on Spetz US Launch

TORONTO, ON / ACCESSWIRE / February 22, 2023 / SPETZ INC. (the "Company" or "Spetz") (CSE:SPTZ)(OTC PINK:DBKSF) is pleased to provide a business update on their US launch which occurred December 5, 2022 (the "US launch date").

Highlights through January 2023:

• 73% increase to 311 service providers registered on the Spetz platform, covering 372 services, in 1076 cities and towns across the US.
• 200% increase to 1543 service calls from consumers processed from a variety of services.

These numbers highlight the Company's growth from launch in early December 2022 through January 2023. The Company's focus on driving customer engagement to it's base of service providers is proving successful with specific progress in key performance metrics through January.

Spetz's CEO, Yossi Nevo, commented "We are encouraged by the early results in the US. We continue to attract new service providers in new cities and towns, and most importantly, they are getting more service calls and consummating more jobs, on average. We are using our proprietary AI and data science to drive the highest revenue for our service providers and best match of high spending consumers in our space."

About Spetz Inc.

Spetz Inc. is a multinational technology company that operates Spetz, a global online, AI-powered marketplace platform that dynamically connects consumers to nearby top-rated service providers in around 30 seconds. Spetz is available in the USA, United Kingdom, Australia, and Israel.

The Spetz vision is to reinvent how people around the world connect to services in their moment of need. Connecting them immediately with the top-matched service provider, for any need, anytime, anywhere. For more information visit www.spetz.app

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NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-looking Statements

Certain information herein constitutes "forward-looking information" as defined under Canadian securities laws which reflect management's expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the Company. The words "plans", "expects", "does not expect", "scheduled", "estimates", "intends", "anticipates", "does not anticipate", "projects", "believes", or variations of such words and phrases or statements to the effect that certain actions, events or results "may", "will", "could", "would", "might", "occur", "be achieved", or "continue" and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements.

SOURCE: Spetz Inc.