Pluribus Technologies Corp. (TSXV: PLRB) announced that its Board of Directors has formed a special committee of independent directors (the "Special Committee") to undertake (in consultation with the Company's financial, capital markets and legal advisors) a review and evaluation of strategic alternatives that may be available to the Company to further enhance the Company's growth, development and prosperity in the short and long terms with the goal of maximizing shareholder value. The Special Committee will be chaired by Bill Kostenko and includes Jim Dunbar and Warner Sulz and has appointed Canaccord Genuity Corp.

as its financial advisor to support the Special Committee in the strategic review process. The strategic review process will encompass an evaluation of the Company's current strategic direction, operations, market valuation and capital structure and will consider appropriate strategic, business and financial alternatives for the Company which may include, among other things, a corporate sale, a merger or other business combination, a sale of all or a portion of the company's assets, strategic investment or continuation as a standalone public company. "Our management team and the Board are completely aligned on the decision to explore strategic alternatives to maximize shareholder value," said Richard Adair, the Company's Chief Executive Officer and Director.

The Board has not set a timetable to complete the strategic review process nor have any decisions been made relating to strategic alternatives at this time. There can be no assurance that the review process will result in a transaction. Pluribus will provide updates when further information becomes available.

While the review process is ongoing, Pluribus' management remains committed to executing the Company's strategy and business plan with the full support of the Board.