EVIO Inc (EVIO)

[Adipaola]

Interesting from the April 13th 8 K. The efficiencies of the Evio Labs here is the important piece to this IMO along with the increased revenues.



(1) On April 12, 2016, Oregon Analytical Services fully accepted the delivery and implemented a Gas Chromatography with a Flame Ionization Detector (GC-FID) analytical system.

(2) The GC-FID will expand the services offered by Signal Bay's subsidiary CR Labs and Oregon Analytical Services to include residual solvent testing and expanded terpene testing.

(3) Signal Bay subsidiary CR Labs recognized a 118% increase in testing revenue for the quarter ended March 31, 2016 as compared to the same quarter ended March 31, 2015. These preliminary results have yet to be audited.

(4) As of April 6, 2016, the Company has executed two recurring consulting agreements with Oregon cannabis companies. The agreements call for Signal Bay to provide licensing, operational and financial analysis expertise.