I-ON Digital Corp (IONI)

[RamsnastyMcBickle]

Business Outlook for ALES, soon to be IONC

I-ON remains optimistic about the health of its business prospects based on existing engagements and initiatives taking hold, as well as the intermediate to long-term secular growth trends reflected across the digital marketing ecosystem.

As a result, the Company is maintaining its 2018 revenue guidance of $15-17 million, which assumes, as part of its stated strategy, the consummation of one acquisition by the end of the September 2018 and modest double digit organic growth. The Company is also implementing a plan to attain a revenue target of $25-30 million by the end of 2019, which would reflect an improving revenue mix and higher y/y gross and operating margins, above 40% and 15%, respectively.

Jae Cheol ("James") Oh, Chief Executive Officer of I-ON commented, "Despite a down quarter, which was anticipated partially due to the geopolitical climate, we continue to remain laser focused on growing all facets of our business and will continue to invest accordingly. We will continue to engage with a broader addressable market and investor base while expanding our pipeline across existing and new product categories, as reflected by the new sports ICT initiatives. We continue to also see attractive acquisition and partnership opportunities in South Korea and Japan, as well as in key South East Asian and U.S. markets.