Everyday People Financial Corp. ("EPFC") Provides Update on XTM Inc. CCAA

Rhea-AI Summary

Everyday People Financial Corp (OTCQB: EPFCF) provided an update on March 2, 2026 about XTM Inc. and related operations. On February 27, 2026, XTM and its Canadian subsidiary were granted protection under the Companies' Creditors Arrangement Act (CCAA) by the Ontario Superior Court of Justice.

EPFC is cooperating with the court-appointed Monitor, will continue operating the AnyDay/EveryDay Payments platform to protect merchants' funds, and says its core Revenue Cycle Management business remains strong and unaffected.

Positive

• Operating continuity: EPFC will continue operating the AnyDay/EveryDay Payments platform under court framework
• Funds protection: EPFC aims to ensure merchants' funds remain protected during the CCAA process
• RCM stability: Core Revenue Cycle Management business remains strong and unaffected

Negative

• CCAA filing: XTM and its Canadian subsidiary were granted CCAA protection on February 27, 2026
• Counterparty risk: Involvement with XTM subjects platform operations to a court-led restructuring process

Edmonton, Alberta--(Newsfile Corp. - March 2, 2026) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("EPFC", "Everyday People" or the "Company"), is providing an update regarding XTM Inc. ("XTM") and EPFC's ongoing role.

On February 27, 2026, XTM and its Canadian subsidiary, Everyday People Payments Inc., formerly operating as the AnyDay Payments platform were granted protection under the Companies' Creditors Arrangement Act ("CCAA") by the Ontario Superior Court of Justice.

EPFC is actively collaborating with the court-appointed Monitor and will continue to operate the AnyDay/EveryDay Payments platform program to ensure that merchants' funds are protected and that all program operations remain fully compliant with all applicable regulations and regulatory authorities. EPFC is committed to providing operational support in connection with the AnyDay/EveryDay Payments platform within the framework established by the Court to facilitate continued program operations.

EPFC's core Revenue Cycle Management ("RCM") business remains strong and unaffected by these developments.

About Everyday People Financial Corp.

Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of over 600 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom.

RCM, which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey.

Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders.

We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner.

For more information, visit: www.everydaypeoplefinancial.com.

Contact

Gordon Reykdal
Executive Chairman
letsconnect@epfinancial.ca
1 888 825 9808 (Press Option 2 for Investor and Media Relations)

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, and key financial metrics, results of operations, integration of the acquired businesses, and the business, plans, strategy and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286035

FAQ

What did EPFC (EPFCF) announce about XTM on March 2, 2026?

EPFC announced that XTM and its Canadian subsidiary were granted CCAA protection on February 27, 2026. According to the company, EPFC is working with the court-appointed Monitor and will continue platform operations to protect merchants' funds.

Will EPFC continue operating the AnyDay/EveryDay Payments platform after XTM's CCAA filing?

Yes. According to the company, EPFC will continue to operate the AnyDay/EveryDay Payments platform under the Court's framework. Management says operations will remain compliant and focused on safeguarding merchant funds.

Does the XTM CCAA filing affect EPFC's core business (EPFCF)?

EPFC says its core Revenue Cycle Management business remains strong and unaffected by the XTM CCAA developments. The company stated RCM operations continue separate from the court process.

What protections are in place for merchants using the AnyDay/EveryDay Payments platform?

EPFC says merchants' funds will be protected as it collaborates with the court-appointed Monitor. The company intends to maintain program operations and regulatory compliance during the CCAA process.

What is the immediate next step for EPFC after the February 27, 2026 court decision?

EPFC will actively collaborate with the court-appointed Monitor to facilitate continued program operations. According to the company, support will be provided within the framework established by the Ontario Superior Court of Justice.