Amcomri Entertainment : Q3 2022 Newsletter

AMCOMRI ENTERTAINMENT INC. REPORTS

THIRD QUARTER RESULTS:

ABACUS MEDIA RIGHTS SEES STRONG

DEMAND

Q3 2022

Amcomri Entertainment Inc.*

a global producer and distributor of independent movies, TV series and documentaries, announces financial results for the third quarter ended September 30, 2022.

All dollar amounts are in Canadian dollars unless otherwise stated.

*("Amcomri" or the "Company") (NEO:AMEN) (OTC:AMNNF) (Frankfurt: 25Y0)

NEWSLETTER	ED ITI ON NO	o	0 3 | November - 2022
RELEASE

Revenues increased 18.9% to $4,360,217 compared to

Q3 2021.

Gross margin = 80.1%, consistent with high-margin,low-overhead business model.

Adjusted EBITDA of $1,376,849.

Abacus Media Rights continued to benefit from strong demand from broadcasters and streaming services.

Acquired the UK and Irish distribution rights of Screen Media in perpetuity comprising more than 750 hours of films and TV for total cash consideration of $4,800,000.

"Our TV and documentary distribution business, Abacus, continued to perform brilliantly during the quarter on the back of strong demand from broadcasters and streaming services for their growing content offering."

We acquired the UK and Irish distribution rights of Screen Media in perpetuity, further demonstrating our commitment and ability to execute our diversified growth strategy.

We now have nearly 5,000 hours of TV programming and about 3,500 movies in our highly sought-after content libraries. Our content is very effective at driving audience and super-efficient from a cost point of view, and that puts us in a great position."

Robert Price - CEO of Amcomri Entertainment Inc.

Q3 RESULTS 2022 1/2

			Q2 2022				OVERVIEW
				$4,360,217																		$1,376,849				$2,961,979
					$3,668,146
				2 0 2 2				2 0 2 1											2 0 2 1							2 0 2 2
										REVENUE											ADJUSTED EBITDA
				$3,491,474	$3, 668,146								$(316,789)					$4,224,622
				(80.1%)		( 100.0% )
				2022				2021											2 0 2 2								2 0 2 1
								GROSS MARGIN											NET INCOME (LOSS)
											"We are highly focused on expanding our presence in North America, the UK and around
													the globe. We are ten months into our five-year growth plan and we have already
																			completed and integrated three acquisitions.
														Looking to 2023, we have several scripted TV dramas for release and the highly
											anticipated Left Behind: Rise of the Antichrist on January 26th in US theaters."
																			Larry Howard - CFO of Amcomri Entertainment

Gross margin for the quarter was $3,491,474 or 80.1% of revenue. Gross margin in Q3 2021 was $3,668,146 or 100% of revenue as cost of goods in the period were relocated to royalty charges.

Excluding the one-offnon-cash charges, adjusted EBITDA for the quarter amounted to $1,376,849 or 31.6% of revenue, compared to $2,961,979 or 80.7% of revenue in Q3 2021.

Revenue for the quarter increased 18.9% to $4,360,217 compared to $3,668,146 for the Q3 2021. On a sequential basis, revenue was higher than Q2 of $3,564,563 and $4,165,183 for the first quarter.

The Company reported a net loss of $316,789 or $0.01 per diluted share, for the quarter compared to net income of $4,224,622 or $0.09 per diluted share, for the same period a year ago.

The Company's own production,		The Company had a strong presence
"Left Behind - Rise of the		at the American Film Market and
Antichrist", is in post-production		MIPCOM during Q3 2022, when it
and releases in USA theaters on		launched a number of new titles and
January 26th 2023. The franchise		announced new production
has a strong social media presence		partnerships, while also announcing
following with the series previously		a €10M investment fund for
generating over $200M in sales.		productions of the Richard Harris
		International Film Festival.
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NEO: AMEN | OTC: AMNNF | FRANKFURT: 25Y0	Q3 RESULTS 2022
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