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ZOOMD KNOW MORE , DO MORE . NEWS RELEASE ZOOMD REPORTS Q4 AND YEAR END 2020 FINANCIAL RESULTS AND PROVIDES OPERATIONAL UPDATE , ANTICIPATING REVENUE GROWTH OF 30 % TO 40 % FOR 2021 Key Highlights & Outlook • Company expects increase of YOY revenues by between 30 % to 40 % in 2021 due to post - pandemic strong market recovery , the on - boarding of new clients , Company launch of new product lines and strategic M & A activity • Minimal COVID - 19 impact on business resulted in approximately 6 % YOY decline in revenues • • Gross profit margins increased approximately 3.5 % during the year to be 33 % compared to 29 % for the same period in 2019 primarily due to focusing on the most profitable customers Acquisition of Performance Revenues is completed and is fully assimilated into Zoomd's business , which in turn is expected to have positive revenue growth impact on Zoomd's performance in fiscal 2021. Zoomd maintains its active M & A strategy and is already engaged in series of discussions for potential acquisitions for 2021 VANCOUVER , BRITISH COLUMBIA , April 20 , 2021 - Zoomd Technologies Ltd. ( TSXV : ZOMD ) ( OTC : ZMDTF ) ( https://www.zoomd.com ) and its wholly - owned subsidiary Zoomd Ltd. ( collectively , " Zoomd ” or the “ Company ” ) , the marketing tech ( MarTech ) user - acquisition and engagement platform , today reported its financial results for the three and twelve months ended December 31 , 2020. The financial statements and MD & A are available on SEDAR under the Company's profile . " We believe Zoomd has positioned itself well to grow revenues and profitability in 2021 , despite a challenging 2020 that effected our clients ' advertising budgets ” said Ofer Eitan , Zoomd's CEO , adding “ In the past 12 months our team worked diligently to build our new platforms , SaaS strategy and adding to our client base in verticals such as fintech , delivery , and ecommerce . The results from these targeted activities are already reflected in the preliminary results we have received for 2021. " SAAS PLATFORM UPDATE On January 6 , 2021 , Zoomd announced the official launch of its self - serve SaaS platform . The platform is targeted to provide an advertiser with an artificial machine that uses artificial intelligence ( AI ) , machine learning , and prediction and automation technology as the basis for the user platform . The Company believes that this platform will save its advertising customers money , time and resources in the ad buying and optimization process , by uniting all of the user's advertising campaigns under a single central dashboard , allocate budget and provide data abilities providing full user acquisition capabilities across various premium digital channels . ACQUISITION OF PERFORMANCE REVENUES On February 9 , 2021 , Zoomd acquired Performance Revenues , a leading international mobile marketing and influencer company , providing a variety of performance - based marketing solutions led by a team of professional marketers , designers , media buyers , and account managers . Zoomd believes that it will be able to leverage the people , talent , and clients acquired through this acquisition to drive growth in the future by realizing certain synergies between the platforms .