VeeBids Platform is working as noted in the Annual Report:
Link: https://www.otcmarkets.com/file/company/finan...17/content
(page 20 of 26)
Recent Developments
State of Ohio Contract via VeeBids Platform
The Company successfully secured a contract with the State of Ohio utilizing its proprietary platform, VeeBids. Under this agreement,
the State may purchase IBM software licenses through VeeMost Technologies Inc. for a period of one year, without the need for
additional competitive bidding processes. The contract also extends to any state agency within Ohio, enabling them to procure these
licenses directly under the established terms.
This achievement exemplifies the strategic vision behind the VeeBids platform—streamlining the government procurement process
and increasing accessibility for state and local entities to source critical technology solutions.
Page 19 of 26
The Company continued to invest in internally developed software platforms during 2025 as part of its long-term strategy to build
scalable and technology-enabled revenue streams.
Subsequent to year-end, the Company utilized its VeeBids platform to generate approximately $1.7 million in revenue in the 1
st quarter of 2026. Management believes this subsequent performance supports the recoverability and strategic value of capitalized
development costs associated with this platform.
Link: https://www.otcmarkets.com/file/company/finan...17/content
(page 20 of 26)
Recent Developments
State of Ohio Contract via VeeBids Platform
The Company successfully secured a contract with the State of Ohio utilizing its proprietary platform, VeeBids. Under this agreement,
the State may purchase IBM software licenses through VeeMost Technologies Inc. for a period of one year, without the need for
additional competitive bidding processes. The contract also extends to any state agency within Ohio, enabling them to procure these
licenses directly under the established terms.
This achievement exemplifies the strategic vision behind the VeeBids platform—streamlining the government procurement process
and increasing accessibility for state and local entities to source critical technology solutions.
Page 19 of 26
The Company continued to invest in internally developed software platforms during 2025 as part of its long-term strategy to build
scalable and technology-enabled revenue streams.
Subsequent to year-end, the Company utilized its VeeBids platform to generate approximately $1.7 million in revenue in the 1
st quarter of 2026. Management believes this subsequent performance supports the recoverability and strategic value of capitalized
development costs associated with this platform.
3
