Charge Corporations May 2021 Letter to Shareholders

NEW YORK, NY / ACCESSWIRE / May 26, 2021 / Charge Enterprises Inc. (OTC PINK:CRGE), a company dedicated to connecting individuals globally through communication, infrastructure, and charging services, is pleased to provide a comprehensive update to our esteemed shareholders: Dear Shareholders and Friends, We trust this message finds you well as we embrace the warmer season. The Charge team remains dedicated to executing our strategy, and we are excited to share a progress report highlighting key developments from the past 60 days since our last communication.

1. Quarterly Results Release: As a public company, we are proud to have issued our inaugural quarterly results for the first quarter of 2021. During this period, we achieved a remarkable revenue milestone, generating over $110 million in revenue. We are eager to build on this achievement as we progress into Q2. The complete report is available for your review [here](link to full report).
2. Acquisition of Advanced Network Services (ANS): We are delighted to announce the successful acquisition of Advanced Network Services (ANS), a company specializing in direct current (DC) power installation, 5G, and small cell telecommunications services. This strategic acquisition significantly enhances our Infrastructure Division’s capabilities and advances our presence in the 5G sector. Furthermore, it complements our vision of electronic vehicle (EV) installation. ANS brings invaluable expertise and strengthens our Communications Division’s client portfolio by adding substantial relationships with major telecommunications, enterprise, and government clients. To facilitate this acquisition and ongoing operations, we secured $16.5 million in debt financing.
3. Strategic Investment in Connected Kerb: In line with our mission to facilitate the installation and support of electric vehicle, micro-mobility, and personal charging infrastructure, we led a consortium of North American investors in making a strategic investment in Connected Kerb, a London-based EV station manufacturer. Connected Kerb offers a smart cities infrastructure platform that integrates both power and data curbside to support electric and autonomous vehicles. This investment aligns with our commitment to local investments that strategically build pipelines for future global installations. Connected Kerb shares our vision of creating smart, sustainable, and future-proofed streets, focusing on on-street residential charging for those without off-street parking. Our goal is to implement and maintain these solutions across the UK.
4. Marketing and Investor Outreach: We have continued our efforts to raise awareness about Charge and showcase our story to analysts and investors. Recently, I had the privilege of presenting at the Benzinga Small Cap conference and participating in an interview with CEO Roadshow. Additionally, Charge was featured in TechforGood Issue 10, and during our presentation at the Planet MicroCap Showcase, I engaged in a discussion with SNNLive.
5. Uplisting Progress: We remain committed to our path toward uplisting and aspire to list on a national accredited exchange by the end of the year.


The acquisition of ANS marks a transformative moment for Charge. It positions us strategically to seize a tremendous opportunity. As automotive companies transition their fleets to electric, the demand for EV charging infrastructure is set to soar. Currently, there are only 100,000 charging stations in the United States, yet a staggering 10 million EV charging stations will be required over the next decade to meet this growing demand (source: Statista). The installation of these charging stations represents a significant challenge, and we aim to play a crucial role in streamlining this process. Our vision is to guide and partner with clients through every stage of an EV charger project, from site selection and engineering to installation, testing, and ongoing maintenance. Our unwavering focus remains on execution, with targeted investments to foster growth, job creation, job safety, and community service. Looking ahead, now that we are providing quarterly results, we plan to issue these shareholder updates bi-monthly. In the meantime, please feel free to reach out to us if you have any questions. We will continue to keep you informed of our progress, achievements, and results. Sincerely, Andrew Fox Founder and CEO About Charge Enterprises Inc.: Charge Enterprises Inc. is committed to connecting people worldwide through its telecom network infrastructure, communication services, power banks, and electric vehicle (EV) charging infrastructure installation and maintenance. Trading under the ticker symbol CRGE, we are a publicly traded company that believes in sharing our success with all stakeholders.

Our business operates across three distinct divisions through several recently acquired or newly formed subsidiaries:
1. Charge Communications: This division focuses on offering Unified Communication as a Service (UCaaS) and Communication as a Platform Service (CPaaS) to Carriers and Mobile Network Operators (MNOs) globally. With over two decades of experience, Charge Communications provides voice and data termination services.
2. Charge Infrastructure: Addressing telecom network infrastructure, 5G small cell installation, portable power banks, micro-mobility charging, and EV charging installation, stations, and maintenance.
3. Charge Investment: This division primarily focuses on opportunistic investments in EV and telecom-related businesses, complemented by marketable securities.
Charge’s strategy revolves around bridging communication gaps and contributing to the future of mobility. We have recently added several subsidiaries to our portfolio to facilitate our operations across these three divisions.

Safe Harbor Statement: This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “can be,” “expects,” “may affect,” “believed,” “estimate,” “project,” and similar expressions identify forward-looking statements. Charge Enterprises Inc. cautions you that forward-looking information provided by or on behalf of the company is not a guarantee of future performance. Actual results may differ materially from those anticipated in such forward-looking statements. The information contained in this press release does not constitute an offer to sell securities or investment advice of any kind. Charge Enterprises Inc.’s actual results may differ materially from those anticipated in such forward-looking statements due to several important factors, some of which are beyond the company’s control. In addition to the information provided in this press release, public filings, and statements made by the company’s management, including but not limited to discussions concerning sufficiency of the company’s capital resources, the ability to obtain additional capital resources and repay existing indebtedness, market opportunities, and the identification of contracts matching the company’s capability to be awarded contracts are all forward-looking in nature. These statements are only current as of the date they are made. Charge Enterprises Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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