BuildDirect Completes E-Commerce Platform Migration and Enhancements

Company expects to achieve approximately US$850,000 in annual cost savings

The platform migration and enhancements provide significant updates to BuildDirect’s front and backend systems for its e-commerce business

BuildDirect.com Technologies Inc. (“BuildDirect” or the “Company”) a leading omnichannel building material retailer, is pleased to announce that the Company has completed e-commerce platform migration and enhancements.

As previously announced, BuildDirect has focused on streamlining its operations and supporting systems to improve efficiency and to better serve its customers. In recent months, BuildDirect has migrated and enhanced its e-commerce front and backend systems and subsequent business processes, delivering the following results:

• The Company expects to achieve a combined total of approximately US$850,000 in annual cost savings, which includes software and fulfillment expenses
• Enhanced ERP for more efficient management of finance, inventory and order fulfillment
• Upgraded E-Commerce site for merchandising and marketing to enable potential revenue growth

Following the completion of the platform migration and enhancements, the Company now intends to shift its focus on growing its e-commerce revenue, which is built on a more stable and efficient technology, process and fulfillment stack.

“This was a challenging project, completed on a tight timeline and aggressive budget, which demonstrates BuildDirect’s ongoing efforts to ensure efficient resource allocation,” said Shawn Wilson, CEO of BuildDirect. “The e-commerce platform migration and enhancements also highlight our commitment to delivering additional value by leveraging our expertise in both e-commerce and brick-and-mortar operations. The Company initiated this project to solve its legacy scalability issues, create a better associate and customer experience, and significantly reduce technology and fulfillment costs and we now look forward to scaling our e-commerce revenue to drive further potential growth.”

About BuildDirect

BuildDirect (TSXV: BILD) is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its robust global supply chain network. BuildDirect’s growth trajectory, strong product offering, and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry. For more information, visit www.BuildDirect.com.

Contact:

Matt Alexander – Interim CFO – ir@builddirect.com – (778) 382-7748

Source: BuildDirect.com Technologies Inc.