iWeb Inc, OTC Markets QB, IWBB, announced it will acquire Tingo Mobile Plc. from Tingo International Holdings, Inc, in a deal valuing the Tingo Mobile Plc at $3.7 Billion USD

LOS ANGELES,July 30,2021 -- Transaction was negotiated for IWEB by their Business Development Partners Global Fintech Trading Limited Led by Craig Marshak an experiencedFintech Specialist investment banker who formerly ran a Nomura bank Venture Technology fund in London with considerable success in online gaming,Software and Cybersecurity investments.

TingoInternational Holdings,Inc.,istheparent companyofTingoMobile,PLC,aNigerian limited company. Tingo is a device and a service technology companyfocused on creating digitally inclusive ecosystems in the AgriTech and FinTechsectorsin Africa.

TINGO has posted total revenue figure of $616 million dollars in 2020 and anEBITDA of $220 million dollars (figures based on NGN/USD exchange rate of360),IWEBisconfidentthatthesefigures will beexceeded goingforwardswithexpansionandnatural upwards progressionof the TINGObusiness

IWEB have agreed to pay $4.00 per share with an issuance of 928 million newshares valuing TINGOat$3.7 BillionUSD

Tingo is Nigeria's leading technology and Device as a Service platform aimed at accelerating digital commerce,especially in Agri-Tech & Fin-Tech verticals in Nigeria. Tingo helps farmers acquire mobile phones through a unique mobile phone leasing scheme,connecting them to mobile and data networks through its virtual mobile network and connecting farmers to markets,services,and resources via Nwassa,its digital AgriTech marketplace platform. Beginning in April 2021,Tingo also launched a beta version of Tingo Pay – a B2C FinTech app aimed at providing financial services including mobile wallets,payment processing and access to specialist lenders and insurers to users inside and outside of the agriculture value chain.

Tingo have over 9 million subscribers and has supplied almost 30 millionmobiledevices since 2014.

AboutTingoseewww.tingogroup.com

Tingohasfourcorebusinessdrivers:

Mobile Phone Leasing: Tingo has distributed almost 30 million mobile handsets since 2014 and will continue to replace the devices of its installed customer base every three years.

Mobile Voice and Data Service: Through a Mobile Virtual Network,Tingo provides its customers with voice and data services.

Nwassa Platform: Tingo's proprietary AgriTech platform,Nwassa,supports Nigeria's agricultural value chain with market access.

Tingoprocesses500kdailytransactionswithavalueofover$8million,whichprovides its installed customer base with access to agricultural markets fortheir crop. Farmers and cooperatives are also supported with packaging,warehousing,and cargo logistics

Tingo provides its customers with digital wallet services,which enable themto send and receive domestic payments,monitor cash flow in real time andsecurely hold money.

Tingoprovidesaccesstootherthird-partyservicessuchasutilitybillpayment,virtualairtime top-up,insurance services,and alternative lendingsolutions.

Tingo Pay: Since the launch of Nwassa platform Tingo has been a dominantplayer in the B2B FinTech vertical. Tingo has entered the B2C FinTechverticaltoextendour B2Bplaytomassmarket usecases beyondagriculture.

Market Opportunity

Africa is the second-largest continent by land mass and population. The continent is also the youngest by far,with a median age of 18 years for its 1.3 billion people. Tingo believes the building blocks for growth in Africa's agriculture industry are in place and that Tingo is well positioned in this space to participate in the upside.

Compellingfundamentals

Strongdemographicpotential:Sub-SaharanAfrica'spopulationisgrowingat 2.7% a year,which is more than twice as fast as South Asia (1.2%) andLatin America (0.9%). That means Africa is adding the population of France(or Thailand) every two years. At the current growth rate,the continent'spopulation will double by 2050.The median age across the continent is 18years,thirteen years younger than the median age in South America the nextyoungestcontinentaccordingtotheWorldBank.Africa'syouthfulnessrepresentsasignificantopportunityformaterialgrowthindemandforagricultural commodities. This younger generation is also being born into a"networked"worldandismorecomfortableusingtechnologytoachievetheirgoals.

Improvingbusinessconditions:Africa'sgovernmentsarepayingmoreattentiontoimprovingbusinessconditionsforentrepreneursandsmallbusinessesonthecontinent.Sub-SaharanAfrica'sWorldBankDoingBusiness rank has improved by c.20 points from 45 in 2004 to 65 in 2020.Tingo believe this trend will continue and encourage establishment of morenewventuresacrossalleconomicsectorsincludingtheagricultureindustry.

Investor appetite remains robust: Africa attracted $407 billion of ForeignDirect Investments between 2014 and2018 (c.$80 billion per annum onaverage). Investments are increasingly focused on services and industrialsectors.Only20%ofinvestmentsareinextractiveindustries-aclearreversalfrom as recently as 2008 when 55% of FDI was aimed at resource extraction,Tingo believes FDI into Africa will help resolve significant infrastructureconstraintsand positionthe Agricvalue chain for valuecreation.

Nigeria is the largest economy and the most populous country in Africa and is therefore central to the continent's growth story.

Agriculture is central to African lives and livelihoods. 60% of sub-Saharan Africans are small holder farmers and Agriculture accounts for 23% of the region's GDP. In Nigeria,Agriculture employs 66% of the workforce and represents 26% of GDP.

Nigeria's suboptimal agriculture productivity is driven by several factors including broken linkages with demand centres,inefficient capital allocation for purchase of inputs,and underdeveloped and fragmented access to services. Tingo aims to play a key role in resolving each of these issues.

Access to technology: Tingo is a key access point to the digital economy formillions of rural farmers in Nigeria,by providing affordable access to mobiledevicesandthe internet.

Accesstomarkets:Tingouserscanconnectwithvendorsandsuppliersforaffordable access to inputs and services. Tingo also connects farmers with buyerswhopurchase crops every year.

Access to Financial Services: Through Tingo Pay,its proprietary mobile walletapplication,users can execute several transactions. These include credits into theTingoPaywallet,andtransfersfromtheTingoPaywalletforbillpaymentsandP2P(peer to peer payments). Tingo will continuing to add services to this application tomeet customerneeds.

Chris Cleverly,President of TINGO INTERNATIONAL HOLDINGS - "TINGO isAfrica's largest digital agricultural ecosystem and is a highly successful paymentgateway. It is important that we embrace emerging technologies as they arenecessary to solve the issues that burden the world such as food security andfinancial inclusion. We make no secret of our intention to uplist this group,or touse this platform to rapidly build our customer base in Nigeria and other Africanmarkets we will roll-out our unique offering. Global Food Security is a significantpriority and our unique model will enable that priority and deliver Food Security inAfrica,whichpoweredwithCoinfieldwillmake usaverycompellingproposition"

Anthony Moore,CEO of IWEB- ''It has been noted in recent years the rapidadoption and deployment of Blockchain by the Telecoms Industry and the globalannouncements almost weekly of the acceptance of Crypto,we feel the marriage ofTINGO with Coinfield leads us into perfect position for this natural evolution inAfrica.AfricaisaContinentthatisshowinggreatreadinessandwillingnesstoadaptandadoptto newtechnologies.

Withitsyoungdemographic,highsmartphonepenetration,lackoflegacyinfrastructureAfricahasthegreatestpotential forblockchainandcryptocurrencyofany region. Coinfield provides the know-how and has the history to deliver on this.TINGO with an already huge customer base will expand rapidly and will becomethedominant digital paymentplatformintheworld'sfastest growingeconomy''

AboutiWEB

IWEB,is a technology development and services company,provides coding services in various industries and markets primarily in Thailand. The company focuses on image,audio,web,and security coding technologies. Its technology enables governments and enterprises to imbed or imprint invisible digital identities to media and objects. The company's coding technology provides the means to infuse persistent digital information to computers and digital devices into various forms of media content; and permits smartphones,tablets,industrial scanners,and other computer interfaces to identify relevant data from media content. IWEB has entered a letter of intent to acquire regulated global crypto exchange "Coinfield" which was established 2018,which was announced as an IWBB Acquisition on 26th July 2021.

IWEB,Inc. Headquartered in Bangkok,Thailand for additional information visit:www.iweb.company

AboutGlobalFintechTradingLimited

A group specialisingin InstitutionalFinancial,FinTech and Crypto who aretodevelop acquisitionand investment opportunities in these fields. This is on aGlobalbasis with their internationalteam

See-http://www.globalfintechtrading.com

Safe Harbor Statement: This press release may contain certain forward-looking statements and information,as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934; and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and as such are by definition subject to risks and uncertainties.

AuthorizedbyFungHokWai,President

Contactthecompany:FungHokWai,President,Email:kevinwai@iweb.company

Anthony Moore,CEO,TEL 90-542-332-7666

InvestorRelationsandPresscontact: AlexLightman in Los Angeles

Email:Alexlightman@me.com

Tingo Mobile Contact: Rory Bowen,Chief of Staff Tingo International Email:rory.bowen@tingogroup.com

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