AAPKI VENTURES INC. COMPANY UPDATE

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Surrey, British Columbia, May 7, 2024 (GLOBE NEWSWIRE) — Aapki Ventures Inc. (“AAPKI” or the “Company”) (CSE: APKI) (FFT: 64Q), announces that Parmjeet Johal has resigned from the Board of Directors of the Company for personal reasons, effective immediately. In replacement of Mr. Johal, the Company is pleased to announce that Mr. Marcus D. Withers and Mr. John Flynn will be joining the Company as independent directors.

BACKGROUND ON NEW DIRECTORS

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Mr. Withers has extensive experience in corporate management, having served as CEO of The Property Group LLC and MKM Investment Group LLC since 2005. He also owned and operated a prominent lodging company in Louisville and supported musical artists through an artist development program. Most recently, Mr. Withers worked with his family in the auto dealership business, specializing in sales, operations, financing and insurance. He is actively involved in his community through his charity The Withers Academy of Music and Entertainment (WAM) and his university fraternity. Mr. Withers earned a bachelor’s degree in marketing from the University of Louisville in 2001 and completed his master’s degree in business administration (MBA) from Indiana Wesleyan in 2012.

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Mr. Flynn has been an entrepreneur throughout his career and, as a lead investor, has built four companies to up to a thousand employees in industries such as environmental services, computer services, specialty financial services, and transportation and logistics services. He believes in the growth of American companies with American workers and opposes outsourcing abroad on grounds of “price efficiency,” which he believes would weaken the domestic economy. As an advisor to the board of Lyneer Staffing, he orchestrated a national expansion and sales strategy that significantly increased the company’s revenue and EBITDA. He co-founded Xpress-1, a national logistics company, which he listed on the American Stock Exchange in 2005. Today, the company is an international multimodal leader in the logistics industry and is currently traded on the New York Stock Exchange, with a current valuation of over $500 billion. Mr. Flynn’s extensive experience includes positions as President and Chief Financial Officer of Segmentz (the former name of industries such as film, military technology and financial services) and has held senior management positions in several public and private companies. He has served as a consultant to various companies and was involved in mergers -, financing and strategy consulting for small and medium-sized companies in various industries.

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The Company would like to thank Mr. Johal for his years of time and service to the Company and its shareholders and wishes him all the best for the future. The company’s remaining board members will be Lucky Janda, Jared Scharf, Marcus D. Withers and John Flynn.

ON BEHALF OF THE BOARD OF DIRECTORS
Lucky Janda, CEO and Director
604 357 4730

This press release contains forward-looking statements that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks and actual results may differ materially from those reflected in such statements. These uncertainties and risks include, among others, the strength of the capital markets as well as operational, financing and liquidity risks. Risks and uncertainties relating to the Company’s business are discussed in more detail in the Company’s disclosure materials filed with securities regulators in Canada and available at www.sedarplus.ca. Readers are strongly encouraged to read these materials. The Company undertakes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from such statements, except as required by law.

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Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended may not be offered or sold in the United States or for the account or benefit of a U.S. Person unless an exemption from the registration requirements of such law exists.

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