NEXTPOINT FINANCIAL INC. PROVIDES UPDATE ON ITS ANNUAL FILINGS AND ANNOUNCES ADJOURNMENT OF ITS ANNUAL SHAREHOLDER MEETING

HURST, Texas, Dec. 30, 2022 /CNW/ - NextPoint Financial Inc. (TSX: NPF.U) (TSX: NPF.WT.U) ("NextPoint" or, the "Company") announced today that, as a result of the Company's financial statements in respect of the financial year ended December 31, 2021 (the "Annual Financial Statements") not being ready to put before the Company's shareholders at its annual general meeting of the Company's shareholders (the "AGM") scheduled for 9:30 am (Eastern Time) today, it will ask Company shareholders to adjourn the AGM to 9:30 am (Eastern Time) on January 6, 2023.  The Company anticipates that the Annual Financial Statements and the related management's discussion and analysis and annual information form will be filed with the Canadian Securities Administrators prior to the date of the adjourned AGM.

The Company anticipates completing and filing its ‎‎(i) interim financial statements for the quarter ended March 31, 2022 and the related management's ‎discussion and analysis, and (ii) interim ‎financial statements for the quarter ended June 30, 2022 and the related management's discussion and ‎analysis, by the end of February of 2023. ‎The Company also anticipates completing and filing its interim financial statements for the quarter ended September 30, 2022 and ‎the related management's discussion and analysis by the end of February of 2023. Upon becoming current with its continuous disclosure filings, ‎the Company will promptly seek to have the cease trade order issued by the Ontario Securities ‎Commission and announced on May 25, 2022 lifted.  ‎

About NextPoint Financial Inc.

NextPoint is an all-inclusive marketplace for financial services empowering hardworking and underserved ‎consumers and small businesses. NextPoint's primary business units are Liberty ‎Tax, a leading provider of tax preparation services, and Community Tax, an effective advocate for tax debt ‎resolution on behalf of customers.‎

Forward Looking Statements

This news release contains statements that include "forward-looking information" (as defined under applicable securities laws) ("forward-looking statements"). These forward-looking statements relate to future events or future performance including with respect to, among other things,  the anticipated outcome of the annual AGM, the timing of the adjourned AGM, the timing of filling its Annual Financial Statements and the interim financial statements referred to herein along with the related management's discussion and analysis and annual information form, and the lifting of the cease trade order issued by the Ontario Securities Commission and announced on May 25, 2022. . Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend", "could" or the negative of these terms or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and many factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating forward-looking statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, the timing for completion of the work required to be completed by the auditors of the Company, the timeline for and outcome of the engagement with applicable securities regulatory authorities and stock exchange staff, and the risks and uncertainties discussed in the section entitled "Risk Factors" in the Company's final prospectus dated June 3, 2021. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that the Company considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Company. Except as may be expressly required by applicable law, the Company does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE NextPoint Financial Inc.

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