Concierge Technologies Moves to the OTC Markets Group QB Exchange

VALLEY CENTER, CA / ACCESSWIRE / January 26, 2016 / Concierge Technologies, Inc. CNCG (the "Company"), parent of Gourmet Foods, Ltd. in Tauranga, New Zealand, a commercial-scale manufacturer and distributor of New Zealand gourmet meat pies, and Kahnalytics, a California corporation focused on data gathering and in-vehicle data recording devices, today announced that they have completed the transition from the "pink sheets" to the OTC Market Group QB exchange.

David Neibert, CFO of Concierge Technologies, commented "We are pleased to have made this transition to the next level of the OTC Markets exchange. By moving up to the QB designation we open more opportunities to our investors and shareholders to trade in our shares through brokerage firms who no longer trade "pink sheet" status securities. The compliance criteria demanded of QB exchange companies is such that investors can be assured we are up to date on all of our filings and regulatory requirements, the Company is sound in its operations and all Securities and Exchange Commission disclosure items are current. Further, we have turned a significant corner in the development of our corporate strategy to become a sustainable enterprise through the profitable operation of our wholly owned subsidiaries. The move to the QB exchange is a further validation of not only our continuing progress operationally but also our dedication to facilitating a return on investment for our shareholders."

Nicholas Gerber, CEO of Concierge Technologies, added "Since taking over as CEO and Chairman of the Board nearly a year ago we have made a lot of progress. By selling off the non-performing assets of Janus Cam and Planet Halo, purchasing Gourmet Foods in New Zealand, and establishing Kahnalytics in a newly emerging market we have stabilized the Company's operating performance and paved the way for an era of new acquisitions and growth. We are continuing our negotiations with viable acquisition targets who will bring even more strength to our established base of operations. I believe these continuing efforts will help to increase liquidity for shareholders and provide a path to obtaining higher tiers on the appropriate stock exchange in the future."

About Concierge Technologies, Inc.

Concierge Technologies, Inc. operates through its wholly-owned subsidiaries Gourmet Foods, Ltd. and Kahnalytics, Inc. Kahnalytics is currently involved in the final phases of implementing a comprehensive Internet-based data gathering and reporting system that will take video clip uploads, GPS-based vehicle location data and G-force inertial data from vehicle cameras and interconnected devices to be used for driver performance rating and risk analysis for major fleet operators. When the development is completed, Kahnalytics will also be able to offer a live-streaming video from the vehicle camera to its users. The Company completed the acquisition of New Zealand-based Gourmet Foods Ltd., a well-established producer of popular New Zealand meat pies and bakery products under recognized supermarket brand names "Pat's Pantry" and "Ponsonby Pies" on August 12, 2015. The Company completed a reverse split of its stock in a 10:1 ratio on December 15, 2015 with the result of a "D" being appended to its symbol for a period of 20 days. The "D" designation and is now removed and the Company's shares are now traded on the OTC Markets QB exchange under the symbol "CNCG".

This release may contain "forward-looking statements" that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting Concierge Technologies or its subsidiary companies, please refer to the Company's recent Securities and Exchange Commission filings, which are available at the Company's website or at www.sec.gov.

For more information about Gourmet Foods, Ltd. please visit www.bestpies.co.nz.

For more information about Concierge Technologies, Inc. contact:

Concierge Technologies, Inc.: www.conciergetechnology.net
Nicholas Gerber, CEO: ngerber@conciergetechnology.net
David Neibert, CFO: dneibert@conciergetechnology.net
Tel: 866-800-2978 ext. 3

SOURCE: Concierge Technologies, Inc.