New Media Capital 2.0 Inc. to Acquire Asiatel Outsourcing Ltd.

Edmonton, Alberta — July 18, 2025 — NewsWall — New Media Capital 2.0 Inc. (TSXV: NEME.P) has entered a definitive share exchange agreement, dated July 16, 2025, to acquire 100% of Asiatel Outsourcing Ltd., a business process outsourcing (BPO) company, in exchange for post-consolidation shares of New Media.

Asiatel, operating through its subsidiary Asia Teleservices Inc. (ATI), delivers customized outsourcing solutions to small and mid-sized enterprises across nine countries. ATI operates from a 6,500 sq. ft. facility in Metro Manila, Philippines, and employs over 400 full-time staff, offering services including customer engagement, data management, and remote staffing.

In Q2 2025, Asiatel partnered with FileAI to implement AI-driven solutions across its core service areas. New Media will provide additional information on Asiatel’s business in a non-offering prospectus to be filed with the TSX Venture Exchange.

Under the agreement, New Media will issue 40,000,000 post-Consolidation common shares at a deemed price of $0.20 per share, for consideration of $8,000,000. The company also intends to conduct a concurrent financing of up to 4,000,000 post-Consolidation units at $0.25 per unit for gross proceeds of up to $1,000,000 and issue 718,500 post-Consolidation Shares as an advisory fee. Immediately prior to the closing, the Company will consolidate its issued and outstanding common shares on a one (1) post-consolidation Share to every two (2) pre-consolidation Share basis

Upon closing, the board of directors of New Media will include Shafi Aboobaker, Jasjit Singh Anand (Andy), Shane Weir, and one additional director nominated by Asiatel. Jasjit Singh Anand (Andy) will be the CEO, and Randa Kachkar will be the acting CFO and Corporate Secretary.

The transaction is subject to conditions including the Concurrent Financing and Consolidation, and filing of the Prospectus. The company is seeking a waiver from the TSXV of the requirement to engage a sponsor in connection with the Transaction. The common shares of New Media are currently halted from trading.

Contact: John A. Putters, CEO and Director. Tel.: 587-985-2601.

Source: New Media Capital 2.0 Inc.