Business Warrior Corporation Announces Annual Financial Highlights and Product Growth

Las Vegas, Nevada — Business Warrior Corporation (OTC: BZWR), the source for cloud-based lending solutions designed to fuel sustainable business growth, is thrilled to announce the highlights of its fiscal year ending August 31, 2023. Demonstrating significant financial improvements and strategic milestones, the company is poised for accelerated growth and market expansion.

Financial Highlights:

• Revenue Growth: Business Warrior experienced a 16% quarter-over-quarter revenue increase, showcasing strong market demand and operational excellence.
• Operating Expenses: The company achieved a significant reduction in operating expenses by 34% for the twelve-month period ending August 31, 2023, compared to the prior fiscal year. This reduction encompasses a 7% cut in salaries and wages, a 53% decrease in general and administrative expenses, and an 82% reduction in advertising and promotional expenses.
• Innovative Product Launch: Despite a reduced advertising spend, the introduction of the new PayPlan product in February 2023 generated over $300K in revenue, affirming its market fit and consumer demand.
• PayPlan Revenue Increase: The company anticipates a significant revenue increase from their PayPlan product in 2024.
• Financing and Fueling Growth: The company's ongoing success and expansion are significantly dependent on its ability to secure additional financing to support operations and effectively scale. Business Warrior employs a multifaceted investment approach that includes convertible debt, promissory notes, and stock sales to enhance its financial position. Notably, as mentioned in the subsequent events section of the annual report, Business Warrior has effectively raised over $500K in capital through these means since the end of their fiscal year. This strategic financial maneuver is central to their plan to bolster working capital and drive growth initiatives forward.

Operational Achievements:

In the past year, Business Warrior has not only proven the market fit of its innovative PayPlan product by consistently acquiring new customers over a 10-month period but also strategically transformed its operational focus. Shifting exclusively to services for lenders, the company has already begun to see early results from clients. This transformation aligns with our commitment to operational excellence and customer satisfaction.

Merger and Global Expansion Plans

On February 12, 2024, Business Warrior signed an amended and restated non-binding letter of intent with Innovative Payment Solutions, Inc. (OTCQB: IPSI), with the aim of merging to create a global fintech powerhouse. This strategic move is set to leverage Business Warrior’s extensive technology and payments expertise alongside IPSI’s investment banking and global reach to achieve international expansion, operational scalability, and maintain profitability as a priority. This pivotal step in our strategic growth plan signifies our commitment to leading the fintech industry and delivering unparalleled value to our customers and stakeholders worldwide. Stakeholders are cautioned that the merger is subject to definitive agreements, shareholder approval, and other conditions, with no guarantees of completion.

About Business Warrior

Business Warrior Corporation (BZWR) is a publicly traded company listed on the OTC Pink Sheets. Their signature product, PayPlan, is a software-as-a-service (SaaS) turnkey lending solution built for lenders and high-growth companies. We are a full-service provider with end-to-end lending technology, including custom software development and customer acquisition marketing services. Founded in 2014, Business Warrior is a SaaS marketing company with a virtual workforce and employees worldwide. The company has worked with over 25,000 global businesses ranging from small to enterprise businesses. Business Warrior acquired Helix House and Alchemy Technologies in 2022. For more information, visit https://businesswarrior.com.

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