OBITX, INC. FILES ANNUAL REPORT WITH SEC RELEASES ADJUSTED ANNUAL EARNINGS REPORT Fleming Island, Florida, May 17, 2021 (GLOBE NEWSWIRE) — GAAP Revenue grew by $927K from the Year Ended January 31, 2020 (FY20) as compared to the Year Ended January 31, 2021 (FY21). Adjusted Revenue grew by $3.0 million for FY20 as compared to FY21. GAAP Earnings from Continuing Operations were a net loss of $(7.20) per share for FY21. Adjusted Earnings from Continuing Operations were $0.19 per share for FY21. Fleming Island, FL – May 17, 2021 – OBITX, INC. (OTC Markets: OBTX) today released its annual report on Form 10K with the SEC. Under GAAP, OBITX recorded a net loss of $(49.3) million generated through its reorganization and restructuring in FY21. OBITX recorded $49 million in stock-based compensation when it reorganized its previous operations moving from an internet marketing company to a blockchain engineer and development company. In addition, OBITX recorded the sale of its proprietary internet marketing software for $1.9 million to a related party as a balance sheet transaction only. The net effects of these two major transactions, when removed from the financials, along with traditional adjusted expenses, such as interest and depreciation, provide for an adjusted from a $49 million loss to a$1.1 million profit.