Prosegur

• Cellular connectivity is rapidly becoming a standard feature in security alarm systems for the consumer and small business markets.
• Learn about the business opportunities associated with wireless IoT solutions for the alarm system industry in this 110-page report covering both Europe and North America.
• The North American market for home and small business security systems is almost twice the size of the European market.
• There were an estimated 34.8 million active monitored alarm systems in the US and Canada at the end of 2022.

• SURREY, BC, Oct. 26, 2023 /PRNewswire/ - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), the developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, today announced it has filed its Annual Audited Consolidated Financial Statements and Management's Discussion and Analysis on SEDAR.com for the Company's fiscal year and fourth quarter ended June 30, 2023.
• "We are satisfied with our fiscal 2023 annual results in which we reported a 21% increase in revenue," said Greg Watkin, Chairman and Founder of INEO.
• "2023 has been a monumental year for the Company as we saw the most deployments and installations of the INEO Welcoming System in the Company's history.
• Kyle Hall, CEO of INEO commented, "We are excited with the significant progress INEO has made with its roll-out strategy in 2023.

• Of the 13,000 payments, only 17 were with cheques.
• Back in 1980 at the start of the credit card era, 85% of non-cash payments were made with cheques.
• Having phased out cheques, it’s now looking at winding down the use of cash.

The hidden costs of cheques and cash

• The average cost of everything that had to happen to process a cheque exceeds $5 per payment, mostly borne by banks.
• As recently as 2007, the vast bulk of consumer payments – 69% – were in cash.
• By 2019 only 27% were in cash.

What made cheques so slow and costly

• They they hand it to that person, who then hands it to their bank, which then tries to get the money from the payer’s bank.
• Always expensive, the cost per cheque grew and grew as the number of Australians paying with cheques dwindled to a fraction of what it had been.

How moving cash became a loss-making business

• Although we don’t often think about it, cash costs an awful lot to move, sort and restock.
• The real expense is in moving notes and coins around, keeping them nearby and restocking banks and cash registers.
• Except that the volume of cash they’ve carried has dived 47% over the past ten years, 30% of it during COVID.
• Bank transfers cost a mere fraction of using cash, and pretty soon we’ll be able to use them for everything, via things such as QR codes.

So when will cash go the way of cheques?

• Announced in 2016 by the Turnbull Coalition government, the ban was due to come into force in 2019.
• If Australia wants to ban cash (and ban it for small transactions too – cash is now used less than electronic methods for transactions of all sizes) the easiest solution might be simply to wait.
• Pure extrapolation would suggest cash has less than a decade to go, but it will probably hang around for longer as an (expensive, little-used) backup that maintains privacy.

• The Gaylord Rockies Resort & Convention Center,
  Kyle Hall, CEO of INEO, will be attending the conference, and the company will be featured at the Prosegur Security booth.
• At the conference, visitors will be able to view a demonstration of the INEO Welcoming System inside the Prosegur Security booth.
• Hosted by the Retail Industry Leaders Association (RILA), the Retail Asset Protection Conference features retailer-led breakouts and round tables, inspiring Keynotes, general sessions, and startup pitches.
• The event brings together the industry's leading minds in asset protection, workforce safety, retail operations and emerging technology and with over 1,000 retail asset protection leaders in one place, the conference is the perfect event to connect with carriers, vendors and other key partners.