Viewbix Sells Cortex Media To Minute Media Subsidiary As It Expands Into Quantum Computing And AI; No Financial Terms Disclosed

Viewbix Inc. (NASDAQ:VBIX) ("Viewbix" or the "Company"), a global developer of ad-tech innovative technologies, accelerating into quantum and AI, closed the strategic sale of its major digital content subsidiary, Cortex Media Group Ltd. ("Cortex"), to Pro Sportority (Israel) Ltd., a subsidiary of Minute Media Inc., a leading global technology and sports content company with the publishing rights to Sports Illustrated.

The sale of Cortex aligns with Viewbix's previously announced strategy. The Company has been evaluating opportunities to expand beyond its legacy digital advertising operations and position itself in high-growth, innovation-driven sectors. Last week, Viewbix announced its intention to enter the quantum computing and advanced computational technologies field, following the signing of a non-binding term sheet to acquire Quantum X Labs Ltd, subject to execution of definitive agreement and satisfaction of closing conditions.

Further details of the transaction will be included in a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission following this release.