iLOOKABOUT and Stratus Data Systems Explore Possible Merger

TORONTO, Ontario, April 05, 2018 -- iLOOKABOUT Corp. today announced the signing of a non-binding letter of intent ("LOI") to pursue a possible merger with Stratus Data Systems, Inc., an MLS software provider with a robust technology platform used by real estate boards and brokers in North America.

"We're extremely excited about this potential combination and what it may mean for our next phase of growth as we execute our acquisition strategy to expand our presence in the U.S. and Canada," said Jeff Young, President of iLOOKABOUT. "The ability to integrate our sales and technology under a single platform will establish the combined entity as the foremost data software supplier to the real estate industry and will bring immediate synergies between our two companies. Led by seasoned industry veteran Carlos Grass, Stratus brings a commitment to continuous improvement with their best-in-class MLS technology, which will benefit our clients."

"This is the logical next step in a collaboration that began more than 17 years ago, and is a natural fit for Stratus and our customers as we continue to evolve our MLS platform and broaden our capabilities in North America," said Carlos Grass, Chief Executive Officer of Stratus. "Levering their extensive experience and a significant foothold in real estate, iLOOKABOUT's management team have proven their ability to develop differentiated products that address the unmet needs of both public and private industry stakeholders. We look forward to working together to maximize product and business development opportunities."

Pursuant to the terms of the non-binding LOI, Stratus will continue to operate as its own business unit under the leadership of Mr. Grass, as a wholly owned subsidiary of iLOOKABOUT. The completion of the Proposed Transaction is subject to the satisfaction of various conditions, including but not limited to, (i) agreement of terms and the execution of a definitive agreement by iLOOKABOUT and Stratus; (ii) receipt of all requisite regulatory, stock exchange, and governmental authorizations and consents; (iii) the approval by the shareholders of iLOOKABOUT to complete the Proposed Transaction, if required; and (iv) the completion of satisfactory due diligence by iLOOKABOUT.

About iLOOKABOUT

iLOOKABOUT is a software, data analytics and visual intelligence company focused on real property. The Company primarily serves the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private, in North America. iLOOKABOUT provides powerful data analytics to the real estate industry through its Real Property Tax Analytics software offering. The Company's proprietary StreetScape™ imagery and real property focused web-based application, GeoViewPort™, unifies property related data and enables desktop review of properties. iLOOKABOUT has integrated analytics and workflow management applications into GeoViewPort™ which create highly valued service offerings for its clients. To augment its technology based offerings, the Company provides real estate consulting services, with a focus on the Property Tax and Valuation sectors.
iLOOKABOUT's common shares are traded on the TSX Venture Exchange under the symbol ILA.

About Stratus Data Systems, Inc.

Stratus Data Systems is a technology provider for one of the largest Multiple Listing Services in the U.S. and Canada, including the Toronto Real Estate Board with 50,000+ agents, the Multiple Listing Service of Long Island with 27,000+ agents, the Real Estate Board of New York with 17,000+ agents, and Douglas Elliman Real Estate, the largest brokerage in the NYC Metropolitan area.