Spire Technologies Inc. (OTC: SPTK) Announces a Memorandum of Understanding to Acquire and Launch Web-Based Student Housing Platform

Vancouver, British Columbia (ots/PRNewswire) - Spire Technologies
Inc. ("Spire") (OTC: SPTK) announces an agreement with DormBooker
Inc.("DormBooker" or "the Company"), which will see DormBooker's
principals, industry veterans, Amyn Diamond Murji ("Murji"), Jeff
Zigman ("Zigman"), & Mayur Patil ("Patil"), become Senior Consultant
Executives in Spire's wholly owned subsidiary for the purpose of
acquiring DormBooker, a business similar to Airbnb, but specific to
the student housing market.

DormBooker is a student housing booking platform that allows students
to search for and book suitable living accommodations using their
preferred criteria, in whichever city around the world they are
pursuing their studies. This will simplify the students' search
significantly while also giving landlords an easy and convenient way
to rent out their properties with minimal effort. With over 10 years
of experience in running their own student housing, they successfully
beta tested the concept on their own student housing facilities and
are now ready to roll out the platform to the $45.1B North American
Student Housing Market, according to Concordia Small Business
Consulting Bureau, which completed the Company's research and
business plan.

Amyn Murji commented on the business dynamics: "We have found that
with the number of young people around the world pursuing higher
education, as well as, the amount of students travelling outside of
their own cities and often their own countries in order to pursue
their studies, there is a massive amount of demand for student
housing in cities across the world." International students'
spending in all 50 States contributed more than $27 billion to the
U.S. economy in 2013. According to the National Center for Education
Statistics, in 2015, approximately 20.2 million students were
expected to attend American colleges and universities. However, what
we have found is that there is often little to no guidance for these
students to find a place to live when arriving in their city of
choice. With DormBooker students eliminate the need to search
several different websites in order to compare their options and it
also allows students to highlight the criteria that is most important
to them, whether it be proximity, budget or certain facility
requirements or preferences. On the flip side of the coin, many
landlords face challenges in ensuring their properties get the right
type of exposure, as well as, challenges relating to all of the back
and forth that is often required in order to rent out a unit to a
student often in another time zone. DormBooker will simplify the
process for everyone involved.

Murji and Zigman are confident that the DormBooker platform is a
robust and integrated platform fully engineered to meet all
expectations of both landlords and students. Zigman added: "With a
low cost structure and our solid experience in the industry,
DormBooker has the potential to become a dominant player in an
already attractive student housing market and the capability to seize
the opportunities of other markets. With our diversified backgrounds
and experience, we are confident that we can quickly become every
student's first stop when looking for accommodations. We truly
believe that our focus on simplifying every part of the process for
all parties, and fusing this with being part of the hyper successful
online booking industry will be the foundation of our success".

The Company believes Murji, Zigman, Patil, are uniquely qualified to
develop the DormBooker business with Spire. Together, they have
decades of branded digital content creation, marketing, development,
sales, and customer service experience.

Amyn Diamond Murji is a Canadian born and based businessman, with
over 20 years experience in the dot.com, customer service, and real
estate industries. During his years in real estate, Amyn built and
managed retail, industrial, and student housing. Having managed
student housing for 10 years, he understands student housing on
several levels. It was from this experience in the student housing
industry that the idea for DormBooker originated. Amyn has a B.A.
from Concordia University.

Jeff Zigman graduated from McGill Electrical Engineering in 2008 and
has been involved in software since high school. He played a large
role in the design of the BlackBerry mobile applications of Securitas
and VIA Rail, among others, and he started and led several startups
of his own before DormBooker, perfecting and solidifying his
expertise in software design, project management, and testing. He has
been the Chief Technical Officer of DormBooker since development
began at the beginning of 2014.

Mayur Patil has his Masters in Computer Science from Concordia
University and has been Lead Developer at DormBooker since its
inception. Having developed the core code of DormBooker, he continues
its ongoing development, while establishing programming guidelines
and overseeing the code of other developers.

Forward-Looking Statements. This press release contains
forward-looking statements. These forward-looking statements are
identified by, among other things, the words "anticipates",
"believes", "intends", "expects", "plans", "projects", "thinks" and
similar expressions. Although the forward-looking statements in this
release reflect the good faith judgment of management,
forward-looking statements are inherently subject to known and
unknown risks and uncertainties that may cause actual results to be
materially different from those discussed in these forward-looking
statements. Readers are urged to carefully review and consider the
various disclosures made by us in the our reports filed with the
Securities and Exchange Commission, including the risk factors that
attempt to advise interested parties of the risks that may affect our
business, financial condition, results of operation and cash flows.
If one or more of these risks or uncertainties materialize, or if the
underlying assumptions prove incorrect, our actual results may vary
materially from those expected or projected. Readers are urged not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this release. We assume no obligation to
update any forward-looking statements in order to reflect any event
or circumstance that may arise after the date of this release.

Sasha Ghavami, +1-(514)-898-5593

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN

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