Toronto, Ontario (FSCwire) – BeWhere Holdings Inc. (TSXV: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”) an Industrial Internet of Things (“IIOT”) solutions company announces that it proposes to offer by way of a non-brokered private placement up to 7,000,000 common shares (“Shares”) at a price of $0.30 per common share to raise gross proceeds of up to $2,100,000 (the “Offering”). Finders’ fees will be payable in cash in the amount of 6% of gross proceeds from the sale of common shares sold to subscribers introduced by the finders.  The Finders’ fees may be payable on all or portions of the private placement in accordance with policies of the Exchange.

Net proceeds of the offering plus existing cash and other working capital will be used, in part, to fund the commercialization of the company’s new NB-IOT and LTE-M Mobile IOT environmental sensing and asset monitoring devices and for general working capital purposes.  The Company expects to launch the new products and provide them to existing partners and resellers in the fourth quarter.

The Offering is subject to final TSX Venture Exchange acceptance.  The common shares will be subject to a four-month hold period.

About BeWhere

BeWhere (TSXV: BEW, OTCQB: BEWFF) is an Industrial Internet of Things (“IIOT”) solutions company that designs and sells hardware with sensors and software applications for environmental sensing and to track real-time information on assets.  The company develops mobile applications, middle-ware and cloud based solutions that stand-alone or that can be readily integrated with existing software.  Its solutions enable end-users a level of operational visibility that is more easily accessible and significantly easier to implement than in the past.

ON BEHALF OF THE BOARD

“Owen Moore” CEO & Director

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.

We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

BeWhere Holdings Inc. (the “Company“) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Neither 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 or accuracy of this release.

For further information:

Owen Moore at +1 (844) 229-4373  
info@bewhere.com