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Sector 5 Secures $10 Million Equity Line for Growth Financing from Private Equity Firm

October 4, 2018

ALEXANDRIA, Va.--(BUSINESS WIRE)--Oct 4, 2018--Sector 5, Inc. (OTC: SFIV) (the “Company”) is pleased to announce that it has entered into definitive agreement to obtain up to $10.0 million in financing in the form of an equity line from private equity firm Auctus Fund, LLC.

Under the equity line agreement, subject to certain conditions, Auctus Fund is to provide up to $10.0 million in financing to the Company over a 24-month period. In addition to certain other obligations set forth in the equity purchase agreement (a copy of which is included with the Company’s current report on Form 8-K filed October 3, 2018), the Company is required to file a registration statement with the U.S. Securities and Exchange Commission registering the shares to be issued to Auctus Fund, and Auctus Fund’s obligation to provide the financing is subject to the registration statement becoming effective.

Previously, in April and July 2018, the Company obtained financing from Auctus Fund through the issuance and sale of its convertible promissory notes and warrants.

Erick Kuvshinikov, Chief Executive Officer of Sector 5, stated: “The recent round of financing along with this latest financial commitment, gives us the essential tools for future forward movement. Our continued success combined with having the first 15W embedded wireless charging solution approved by the FCC for laptops, gives Sector 5 a huge advantage moving forward. To insure the future of our shareholders we have filed all necessary patent protections. These new innovations continue to spread awareness on how much we can utilize technology in our schools and our businesses. Shareholders are reminded that simple ideas can be extremely important tools for the public. The key is to produce innovative products that have ease of use, with seamless incorporation into our daily lives. These products that speed-up critical thinking is essential for us to frontier. Sector 5 is working hard to create what we think is the next step in the evolution of computing. We believe wireless charging is that next step.”

This press release does not constitute an offer to sell or solicitation of an offer to buy any securities. Any such offer may be made only pursuant to the company’s prospectus for an offering and only in states in which the offering is registered or exempt from registration and by broker-dealers authorized to do so.

Information about Sector 5, Inc.

Sector 5, Inc. is a Nevada corporation, publicly traded (OTC: SFIV), that creates, manufactures and sells Sector 5 branded electronics utilizing Chrome, Android and Windows Operating Systems, focused on the educational and consumer electronics markets. Sector 5 and its manufacturing partners, “best in class” suppliers, and tier-1 designers are working together to combine American ingenuity and China’s manufacturing strengths to create products with the latest technology, innovative features (rugged designs, spill/drop resistant, portable) and fair pricing, exceeding market expectations. Sector 5’s distribution strategy centers on its competitive advantages in the B2B, retail, e-commerce, K-12 and higher education markets. Sector 5’s foundation of success and promise to the world is defined by a pursuit of simplicity and a commitment to innovation. Quality, reliability and excellent customer support is an integral component of that commitment. Further information can be found at www.sector-five.com and sectorfiveblog.wordpress.com.

Forward-Looking Statement

https://sector-five.com/pages/forward-looking-statement. E-mail: contact@sector-five.com Phone: (571) 348-1005 Facsimile: (703) 552-2000 Related Links https://www.sector-five.comhttps://sectorfiveblog.wordpress.comhttps://twitter.com/sectorfiveinc

View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005757/en/

CONTACT: Sector 5, Inc.

Erick Kuvshinikov, 571-348-1005

contact@sector-five.com

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: EDUCATION OTHER EDUCATION TECHNOLOGY CONSUMER ELECTRONICS SOFTWARE MOBILE/WIRELESS MANUFACTURING OTHER MANUFACTURING RETAIL SPECIALTY

SOURCE: Sector 5, Inc.

Copyright Business Wire 2018.

PUB: 10/04/2018 03:08 PM/DISC: 10/04/2018 03:08 PM

http://www.businesswire.com/news/home/20181004005757/en

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