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VANCOUVER, BC—Binovi Technologies Corp. (TSX-V:VISN), a leader in neuro-vision performance technology, has entered into an “arm's length” share purchase agreement with the shareholders of Samurai Motion Tracking Corp., a software-based vision therapy company providing computer- aided vision therapy resources headquartered here. Binovi has agreed to pay CDN $2,516,000 Canadian for all the issued and outstanding share capital of Samurai, payable by the issuance of 31,450,000 common shares of Binovi at a price of CDN$0.08 per consideration share to Samurai shareholders. The acquisition is subject to TSX Venture Exchange approval.

"This acquisition demonstrates Binovi's commitment to continually evolve our technology offering with adoptable resources to our SaaS stack,” said Adam Cegielski, Binovi CEO. “We are excited to bring the proven technology developed by Samurai to our growing user base of vision professionals, especially as we position ourselves for expansion into the K-12 education sector. Acquiring CAVT brings industry-recognized and relied-upon software to the Binovi Platform.”

Originally created by Dr. Gary Vogel, Computer Aided Vision Therapy (CAVT) is an extensive software package for developing eye tracking skills, visual thinking and processing skills, and binocular vision skills. The CAVT suite consists of four primary modules: Track & Read, Visual Information Processing Skills (VIPS), Visual Thinking, and Computer Vergences. These modules include activities and exercises to be completed by patients using a computer, originally in an optometrist/vision therapy office setting, and later at home with data being reported manually to the patient’s care team.