HIT Technologies Recognized as Tech Innovator by Canadian Innovation Exchange

VANCOUVER, BC--(Marketwired - November 16, 2016) - The Canadian Innovation Exchange has announced its selection of HIT Technologies Inc. (TSX VENTURE: HIT) as one of 2016's top 20 most innovative public technology companies in Canada.

The CIX selection committee, made up of technology experts from across the country, evaluated hundreds of small and mid-cap technology companies and made its selection based on a number of key factors including overall innovation, product/service offering, depth of management, market opportunity, and business model.

"Being recognized by the Canadian Innovation Exchange is an honour," said company founder and CEO Brooks Bergreen. "I'm extremely proud of the work our team has done, not only with our products but also with our marketing approach. I'm looking forward to meeting with Investors in Toronto to show off our next generation lineup."

HIT's CEO, Brooks Bergreen, will be presenting at CIX Public Investor Day on the afternoon of November 23 at MaRS Discovery District, Toronto, ON.

For more information about the event, visit CIX Public Investor Day.

About HIT Technologies Inc.

HIT Technologies Inc. (TSX VENTURE: HIT) develops and markets a portfolio of products under the brand HITCASE. Their growing lineup includes the HITCASE® SHIELD, an easy to use IP68 waterproof case which compliments their flagship product, the HITCASE PRO which allows users to capture photo and video content hands-free, using a variety of HIT Technologies' patented Railslide® mounts that attach to virtually any surface. Quick mounting TrueLUX® lenses provide a variety of perspectives otherwise not possible. HIT Technologies is headquartered in the outdoor mecca of Vancouver, British Columbia, Canada.

Visit www.HITCASE.com or connect with us on Instagram and Facebook.

About Canadian Innovation Exchange

The Canadian Innovation Exchange is a showcase for great Canadian innovation while catalyzing strategic relationships and transactions across this dynamic sector. Its objective is to bring together the key leaders and protagonists of technology-based innovation in order to learn from each other and to showcase and celebrate the tremendous innovative products, services and technologies that exist today and are providing the fuel for our economy to grow. The CIX is over three days CIX FinTECH on Nov 21, Canadian Innovation Exchange on Nov 22 and CIX Public Investor Day on Nov 23.

For press-related enquiries, please visit http://www.hitcase.com/press

Forward Looking Statements

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about the Company's anticipated use of available funds, and the future plans and objectives of the Company are forward-looking information.Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, global economic climate; dilution; the Company's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; theft and risk of physical harm to personnel; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.