TrustBIX Inc. Announces Development of Software Platform and Transition of Support Services
TrustBIX (OTC:TBIXF) is shifting its technology strategy to develop a unified Gate to Plate (G2P) platform that will integrate a newly acquired Indoor Farm Management System (IFMS) into a modern livestock auction market software. The company dated an agreement on October 10, 2025 to transfer Auction Master Pro (AMP) support contracts to Cristel Baber DBA I.T. Group, with existing customers kept on service at no additional cost for their current term.
AMP recurring and one-time revenue was approximately $1.1 million in each fiscal year ended September 30, 2024 and 2025. TrustBIX expects to offset reduced AMP revenue via indoor farming orders/contracts totaling over $5 million, with revenue recognized on delivery. The transfer remains subject to TSXV approval and customary closing conditions.
TrustBIX (OTC:TBIXF) sta modificando la sua strategia tecnologica per sviluppare una piattaforma unificata Gate to Plate (G2P) che integrerà un nuovo Indoor Farm Management System (IFMS) acquisito in un moderno software di mercato per aste di bestiame. L'azienda ha datato un accordo il 10 ottobre 2025 per trasferire i contratti di supporto di Auction Master Pro (AMP) a Cristel Baber DBA I.T. Group, con i clienti esistenti mantenuti nel servizio senza costi aggiuntivi per il loro periodo attuale.
Il reddito ricorrente e una tantum di AMP ammontava a circa $1,1 milioni in ciascun anno fiscale terminato il 30 settembre 2024 e 2025. TrustBIX prevede di compensare la riduzione del reddito AMP tramite ordini/contratti di indoor farming per oltre $5 milioni, con reddito riconosciuto al momento della consegna. Il trasferimento resta soggetto all'approvazione del TSXV e alle condizioni di chiusura usuali.
TrustBIX (OTC:TBIXF) está orientando su estrategia tecnológica para desarrollar una plataforma unificada Gate to Plate (G2P) que integrará un recién adquirido Indoor Farm Management System (IFMS) en un software moderno de mercado de subastas de ganado. La empresa suscribió un acuerdo el 10 de octubre de 2025 para transferir los contratos de soporte de Auction Master Pro (AMP) a Cristel Baber DBA I.T. Group, manteniendo a los clientes existentes en servicio sin costo adicional por su término actual.
Los ingresos recurrentes y únicos de AMP fueron aproximadamente $1.1 millones en cada año fiscal terminado el 30 de septiembre de 2024 y 2025. TrustBIX espera compensar la reducción de ingresos de AMP mediante órdenes/contratos de indoor farming por un total de más de $5 millones, con ingresos reconocidos a la entrega. La transferencia sigue sujeta a la aprobación de TSXV y a las condiciones de cierre habituales.
TrustBIX (OTC:TBIXF)은 기술 전략을 조정하여 새로 인수한 Indoor Farm Management System (IFMS)을 현대적인 축산 경매 시장 소프트웨어에 통합하는 단일 Gate to Plate (G2P) 플랫폼을 개발합니다. 회사는 2025년 10월 10일에 Auction Master Pro (AMP) 지원 계약을 Cristel Baber DBA I.T. Group으로 양도하는 계약을 체결했으며, 기존 고객은 현재 기간에 추가 비용 없이 서비스를 유지합니다.
AMP의 재발 및 일회성 수익은 각각의 회계연도 말인 2024년 9월 30일 및 2025년 9월 30일에 약 $1.1백만이었습니다. TrustBIX는 Indoor farming 주문/계약으로 $5백만이 넘는 수익으로 AMP 수익 감소를 상쇄할 것으로 기대하며, 수익은 납품 시점에 인식됩니다. 양도는 TSXV의 승인 및 일반 마감 조건의 대상입니다.
TrustBIX (OTC:TBIXF) réoriente sa stratégie technologique pour développer une plateforme unifiée Gate to Plate (G2P) qui intégrera un système de gestion d'exploitation de ferme intérieur (IFMS) récemment acquis dans un logiciel moderne de marché aux enchères d'animaux d'élevage. La société a conclu un accord le 10 octobre 2025 pour transférer les contrats de soutien d'Auction Master Pro (AMP) à Cristel Baber DBA I.T. Group, les clients existants restant desservis sans coût supplémentaire pour leur mandat en cours.
Les revenus récurrents et ponctuels d'AMP s'élevaient à environ $1,1 million pour chaque exercice clos le 30 septembre 2024 et 2025. TrustBIX s'attend à compenser la diminution des revenus AMP par des commandes/contrats d'agriculture intérieure totalisant plus de $5 millions, les revenus étant reconnus à la livraison. Le transfert reste soumis à l'approbation du TSXV et aux conditions habituelles de clôture.
TrustBIX (OTC:TBIXF) richtet seine Technologierstrategie neu aus, um eine einheitliche Gate to Plate (G2P)-Plattform zu entwickeln, die ein kürzlich erworbenes Indoor Farm Management System (IFMS) in eine moderne Viehauktion Markt-Software integriert. Das Unternehmen schloss am 10. Oktober 2025 eine Vereinbarung, die AMP-Support-Verträge an Cristel Baber DBA I.T. Group zu übertragen, wobei bestehende Kunden während ihrer aktuellen Laufzeit weiterhin kostenfrei betreut werden.
Die wiederkehrenden und einmaligen Umsätze von AMP beliefen sich in jedem Geschäftsjahr zum Stichtag 30. September 2024 und 2025 auf ca. $1,1 Millionen. TrustBIX erwartet, den Umsatzrückgang von AMP durch Aufträge/Verträge im Indoor-Farming-Bereich von über $5 Millionen auszugleichen, wobei die Umsätze bei Lieferung realisiert werden. Die Übertragung bedarf noch der Genehmigung durch TSXV und der üblichen Abschlussbedingungen.
TrustBIX (OTC:TBIXF) يغير استراتيجيته التكنولوجية لتطوير منصة موحدة Gate to Plate (G2P) ستدمج نظام إدارة مزرعة داخلية (IFMS) المشتراه حديثاً في برنامج سوق مزادات المواشي الحديث. وقعت الشركة اتفاقية بتاريخ 10 أكتوبر 2025 لنقل عقود دعم Auction Master Pro (AMP) إلى Cristel Baber DBA I.T. Group، مع إبقاء العملاء الحاليين في الخدمة دون أي تكلفة إضافية طوال المدة الحالية.
كانت إيرادات AMP المتكررة والمرة الواحدة تساوي تقريباً $1.1 مليون في كل سنة مالية منتهية في 30 سبتمبر 2024 و2025. وتتوقع TrustBIX تعويض انخفاض إيرادات AMP من خلال طلبات/ عقود الزراعة الداخلية تتجاوز $5 ملايين، مع الاعتراف بالإيرادات عند التسليم. لا يزال التحويل خاضعًا لموافقة TSXV وشروط الإغلاق المعتادة.
TrustBIX (OTC:TBIXF) 正在调整其技术战略，开发统一的 Gate to Plate (G2P) 平台，将新收购的 Indoor Farm Management System (IFMS) 集成到现代化的畜牧拍卖市场软件中。公司于 2025年10月10日 签署了一项协议，将 Auction Master Pro (AMP) 的支持合同转让给 Cristel Baber DBA I.T. Group，同时现有客户在当前期限内继续提供服务且不产生额外费用。
AMP 的经常性与一次性收入在每个截至 2024年9月30日 与 2025年9月30日 的财政年度大约为 $1.1 百万美元。TrustBIX 预计通过 Indoor farming 的订单/合同总额超过 $5 百万美元 来抵消 AMP 收入的下降，收入在交付时确认。该转让仍需获得 TSXV 的批准及通常的成交条件。
- Agreement dated October 10, 2025 to assign AMP support contracts
- AMP revenue of $1.1 million in fiscal 2025 and 2024
- Indoor farming purchase orders/contracts totaling over $5 million
- Planned G2P platform integration targeting spring 2026 activity
- Loss of key AMP resources identified by management
- AMP exhibited long development cycles and slower revenue growth
- Transition will reduce AMP-related recurring revenue
- Assignment and transfer subject to TSXV approval and consents
Edmonton, Alberta--(Newsfile Corp. - October 10, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces a strategic shift in its technology development and service delivery model. The Company has initiated the development of a modern livestock auction market software solution. It is expected that this new solution will be integrated with the Indoor Farm Management System ("IFMS"), recently acquired from Mindsgate Ltd. (as announced on October 3, 2025, and subject to TSX Venture Exchange ("TSXV") approval), within a unified technology framework, the TrustBIX Gate to Plate® platform ("G2P"), which is designed to deliver scalable digital solutions across agriculture and food production. The timing of this change allows the Company to focus on developing the new G2P platform in preparation for the active spring season in early 2026.
Following a review of its operations and recent acquisition, TrustBIX has identified challenges within its existing Auction Master Pro ("AMP") business, including the loss of key resources, long development cycles, and slower than expected revenue growth. In response, the Company is undertaking this strategic realignment to transition away from the AMP software and related direct installation and support services. Instead, the Company will focus on developing and licensing technology through strategic partners, enabling more efficient resource allocation, accelerating innovation, and generating SaaS (software as a service) revenue. This evolution modernizes the Company's software offerings and separates solution development from service delivery, allowing each function to scale independently and operate with greater focus.
To support this shift, TrustBIX, through its wholly owned subsidiary ViewTrak Technologies Inc., has entered into an agreement (the "Agreement") dated October 10, 2025, to assign and transfer its AMP support contracts (the "Support Contracts") to Cristel Baber DBA I.T. Group ("IT Group"). Under the Agreement, IT Group will assume all customer support and maintenance responsibilities. Customers with active annual Support Contracts will continue to receive services from IT Group at no additional cost for the remainder of their current term. IT Group will also make support available to customers without active contracts under its own service agreements. This ensures continuity of service for existing AMP customers while enabling TrustBIX to concentrate on building the next generation of agricultural technology.
Recurring and one-time revenue from AMP, including Support Contracts, represented approximately
The assignment and transfer of the Support Contracts remain subject to regulatory approvals, including TSXV approval, and customary closing conditions and third-party consents, where applicable.
About TrustBIX (TSXV: TBIX)
TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.
Forward-Looking Information
This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.
FOR MORE INFORMATION, CONTACT:
Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270070
FAQ
What did TrustBIX announce about the AMP support contracts on October 10, 2025?
How much revenue did AMP generate for TrustBIX in fiscal 2025 and 2024 (TBIXF)?
What is TrustBIX's strategy for replacing AMP revenue (TBIXF)?
When will TrustBIX integrate IFMS into the G2P platform?
Will existing AMP customers lose support after the transfer (TBIXF)?
What approvals are required for the AMP contract assignment?
