SOURCE: Duos Technologies Group, Inc.

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May 10, 2016 10:44 ET

Duos Technologies Partners With Atlantix Global

Additional Revenue Growth Opportunity for Equipment Re-Sale Referrals

JACKSONVILLE, FL--(Marketwired - May 10, 2016) - Duos Technologies Group, Inc. (OTCQB: DUOT), a provider of intelligent security analytical technology solutions announced, today that its IT Services division entered into a strategic alliance with Atlantix Global Systems, one of the largest resellers of enterprise-class equipment in the world. The agreement provides for the two companies to refer business opportunities to one another with the intention to develop additional revenue opportunities in the respective markets where each company specializes.

"We have successfully completed IT data center asset audits for many Fortune 100 companies in hundreds of data centers with accuracy levels exceeding 99%," said Joe Coschera, Duos Technologies Group's Senior VP of IT Services. "Our agreement with Atlantix allows us to deliver additional value to our clients by providing a way to re-deploy assets that are identified as being redundant, thereby generating cash and reducing operating expenses such as maintenance, licensing and depreciation associated with those obsolete assets."

Atlantix Global Systems markets new, used and refurbished IT hardware with a 1-year advanced replacement warranty and maintenance program. Atlantix also engages in Consignment/Asset Recovery, short term rentals and professional services through its Mindsafe Maintenance program. Their mission is to be the most extensive network and hardware provider by building relationships, impeccable service, and certifiable quality, specializing in midrange IT hardware from major manufacturers.

"Maintaining and refurbishing the data center has become an essential area of need for our global customers," said Jason Jellie, EVP of Atlantix Global Systems wholesale division. "Our partnership with Duos Technologies Group is a great opportunity to share expertise and strengthen our available product inventory."

The Duos IT infrastructure services division focuses on bringing products and services to support large-scale data centers with their DCIM implementations. The division has delivered data collection and audit services via its partners for most of the major telecom operators on an international scale. "Our plan is to continue to add significant value to our audit services through arrangements with partners such as Atlantix Global," stated Adrian Goldfarb, CFO of Duos Technologies Group, who has corporate responsibility for the IT infrastructure services division.

About Duos Technologies Group Inc.

Duos Technologies Group, Inc. (OTCQB: DUOT), based in Jacksonville, FL, through its wholly owned subsidiary, Duos Technologies Inc., provides intelligent security analytical technology solutions with a strong portfolio of intellectual property. Duos Technologies' core competencies include advanced intelligent technologies that are delivered through its proprietary integrated enterprise command and control platform, centraco™. The Company provides its broad range of technology solutions with an emphasis on mission critical security, inspection and operations within the rail, utilities, petrochemical, healthcare, and hospitality sectors. Duos Technologies Group also offers IT, professional services.

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About Atlantix Global Systems

For 40 years, Atlantix Global has served its customers as one of the largest resellers of enterprise-class equipment in the world. Atlantix buys, sells, maintains, leases, consigns and trades just about every product line including Cisco, Oracle, HP, IBM, Dell, storage equipment (including NetApp and EMC), Nortel and telecom equipment. Atlantix provides its customers with reliable IT expertise and 24-hour coverage through maintenance and support product offerings. Atlantix Global has achieved certifications for ISO 14001:2004 and ISO 9001:2008 for asset recovery, OHSAS 18001:2007 for safety and R2:2013 for electronics recycling.

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Forward Looking Statements

This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to our ability to continue growing our IT asset inventory audit, market wide acceptance of the data center auditing methodologies used by us, acceptance of referrals for equipment remarketing by our customers, continued revenue generation from our partners and ultimate profitability to allow further research & development of new solutions for the IT asset inventory audit business, our business environment and industry trends, competitive environment, the sufficiency and availability of working capital and general changes in economic conditions and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including our Annual Report Form 10-K for the year ended December 31, 2015. Any forward-looking statement made by us herein speaks only as of the date on which it is made. . We undertake no obligation to revise or update any forward-looking statement for any reason.

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