Namaste Technologies, Acquiring URT1, Creating World's Largest E-Commerce Vaporizer and Related Products Company - Video Available on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - September 20, 2016) - Namaste Technologies (CSE: N) (FSE: M5BQ) an emerging leader in the vaporizer and accessories space, is acquiring URT1, to create the world's largest e-commerce company focused on sales of vaporizers and accessories. This most recent acquisition, in combination with the acquisition of VaporSeller, places Namaste as the largest business to consumer e-commerce retailer of vaporizers and accessories globally.

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URT1, in business since 2000, is one of the top 5 domains in the world for the sale of vaporizers, pipes and accessories. The company operates two websites, www.everyonedoesit.com and www.everyonedoesit.co.uk, which carry more than 2,500 products, the largest product selections available in the industry.

The combined company will operate 26 websites in 20 countries with distribution centers in North America, South America, Europe and Asia Pacific, with combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016, and total monthly site traffic of more than 550,000 visitors. It is expected that the company will generate positive earnings before interest, depreciation and amortization by December 31, 2016.

Following from the acquisitions of VaporSeller and URT1, revenues for the fiscal year ending August 31, 2017 are expected to be C$15.7 million and C$24.9 million for the fiscal year ending August 31, 2018.

Management anticipates that Namaste's revenues will increase in line with Wells Fargo Research's projected growth for the industry of 35% per year for the period 2014 — 2020. Wells Fargo Research estimated that the global market for vapor products exceeded $2 billion in 2014.

Sean Dollinger, CEO, stated: "The acquisition of URT1 represents the realization of our objective to become the largest business to consumer e-commerce company focused on vaporizers and accessories. This transaction also further solidifies our position as the leading consolidator of the industry, provides a scalable and profitable platform for further consolidation, brings new product lines to our company, and strengthens our board and management team. I would like to thank all those individuals responsible for bringing this transaction together and look forward to working with the management of URT1."

The purchase price will purchase price will be calculated as one-times the 12-month trailing gross revenue of URT1, subject to adjustments for inventory, wind down costs, and assumed liabilities including a secured note of approximately C$500,000 to be transferred at closing of the transaction. The purchase price will be funded by issuing Namaste common shares at a deemed value of C$0.12.

For more information please visit the company's website www.NamasteTechnologies.com, or contact Sean Dollinger, CEO, at 786-389-9771 or email info@NamasteVapes.com.

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