Amended News Release – Namaste Expands Brazilian Market and Acquires Leading Vaporizer Retailer – GlobeNewswire (press release)

VANCOUVER, British Columbia, Nov. 14, 2017 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has acquired the domain and customer database of Brazil’s largest vaporizer retailer, (“VapeBr”), in consideration of signing an exclusive services agreement for fulfillment (the “Agreement”) for Namaste’s Brazilian operations. There was no cash consideration for the acquisition. Based on VapeBr’s 90-day sales history with monthly sales over CAD $80,000 per month (with 30% average margin) and through implementation of Namaste’s SEO and machine learning algorithms, the Company expects to add over CAD $1M in additional annual revenue to Namaste’s current revenue stream. Namaste believes that with the acquisition of VapeBR and with establishing a local fulfilment center, that its Brazilian operations will be profitable immediately.
Under the terms of the Agreement, Namaste has acquired the VapeBr domain and will therefore inherit all future associated revenue, in exchange for an exclusive fulfillment services agreement. VapeBr management will receive a USD$20.00 fulfilment fee for each order fulfilled and has agreed to provide the following services:Inventory management: maintaining stock on behalf of Namaste, keeping accurate stock counts, monitoring for fraudulent orders and managing chargebacks, providing forecasts for future inventory purchasing.Order processing: receiving orders electronically, picking, packing and processing orders to ship to Namaste and VapeBR customers.Local support: local sales and customer service, managing tickets, live chat.Warranty/Return Processing: receiving faulty items and issuing replacements under warranty.Namaste has also agreed to work with the VapeBr management team to solicit top brands in order to provide local warranty and repair services for the Brazilian market. Many of the top brands do not have local facilities and Namaste believes that in working VapeBr management, it can provide added value to these brands in the quickly emerging Brazilian market.As a result of this

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