Hapbee and TrueMed Partner to Enable HSA / FSA Card Payments, Providing Pre-Tax Savings for Hapbee Purchases

TrueMed and Hapbee Unite on a Mission to Transform
Wellness: Empowering Affordable Health Choices and
Harnessing the Power of Sleep

VANCOUVER, BC, July 20, 2023 /PRNewswire/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), is thrilled to announce its strategic partnership with TrueMed (True medicine), a leading healthcare payment provider. This partnership allows US customers to utilize their HSA (Health Savings Account) and FSA (Flexible Spending Account) funds to purchase Hapbee wearable devices, offering significant pre-tax savings ranging from 30% to 40%.

With an unwavering commitment to providing innovative and accessible solutions for enhancing well-being, Hapbee Technologies expands the options available to customers with this collaboration. By accepting HSA and FSA cards, Hapbee makes it easier for individuals to access the transformative health benefits of their groundbreaking wellness technology.

HSA and FSA accounts enable individuals to set aside pre-tax dollars for qualified medical expenses. Through the partnership with TrueMed, Hapbee customers can now leverage these funds to purchase Hapbee devices, resulting in significant savings on overall healthcare costs. The integration of HSA and FSA payment options aligns seamlessly with Hapbee's mission of prioritizing customer well-being and accessibility.

"We are thrilled to join forces with TrueMed and offer Hapbee customers the ability to use their HSA and FSA funds for our innovative wellness products," said Yona Shtern, CEO at Hapbee Technologies. "This partnership represents a major milestone in our commitment to making Hapbee accessible to as many individuals as possible. By enabling pre-tax savings through HSA and FSA cards, we hope to empower individuals to take control of their well-being and experience the transformative effects of our wearable technology."

Calley Means, Founder of TrueMed, expressed enthusiasm about the partnership, stating, "We are excited to partner with Hapbee Technologies to offer HSA and FSA card acceptance for their groundbreaking wellness and sleep technology. By enabling individuals to utilize their pre-tax healthcare funds for Hapbee purchases, we are empowering customers to prioritize their well-being while maximizing their savings. This collaboration aligns with TrueMed's commitment to providing convenient and accessible payment solutions for healthcare expenses. Together, we aim to enhance the overall wellness experience for individuals and revolutionize the way people approach their self-care journeys."

To learn more about using HSA and FSA funds for Hapbee purchases, customers can select the TrueMed Payment option at checkout on Hapbee.com or visit the dedicated HSA/FSA Page on the Hapbee website. The page provides comprehensive information on the process of utilizing HSA and FSA cards to unlock pre-tax savings and enjoy the benefits of Hapbee technology.

TrueMed (True Medicine) is a leading healthcare payment provider, offering seamless integration for businesses and consumers to utilize HSA and FSA funds for qualified medical expenses. With a strong focus on simplifying the payment process, TrueMed's innovative platform ensures a convenient and user-friendly experience for all participants. By empowering individuals to make the most of their healthcare accounts, TrueMed provides flexibility, control, and savings. The company's mission is to revolutionize the healthcare payment landscape, making it easier for individuals to access and afford the products and services that contribute to their overall well-being. Learn more at www.truemed.com.

Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform and feel. Hapbee's digital wellness library of Blends and Routines utilizes patented ultra-low radio frequency energy (ulRFE^®), designed to help optimize users' sleep, productivity, recovery, and downtime. Hapbee is available for purchase at Hapbee.com and through a growing network of select distributors.

You can learn more about how Hapbee works at www.hapbee.com/science.

Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Any statements about Hapbee's product marketing and development initiatives; and the introduction of new products or services; are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding the Company's ability to meet its planned product marketing and development initiatives and the Company's ability to achieve its e-commerce rollout and full-scale commercial launch as anticipated.

Factors that could cause the actual results to differ materially from those in the forward-looking statements include, delays in design, production, manufacturing, development or releases of signal blends, collection of data from customer use, or the Company may not be able to achieve its targets as anticipated or at all; changes in legislation and regulations; increase in operating costs; equipment failures; failure of counterparties to perform their contractual obligations; litigation; the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These risks, uncertainties and assumptions include, but are not limited to, those described in Hapbee's annual information form dated May 2, 2022, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Hapbee Technologies Inc.