Advance United operates open source software for the AU Marketplace platform

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Toronto, Ontario–(Newsfile Corp. – March 10, 2022) – Advance United Holdings Inc. (CSE: AUHI) (ESF: 9I0) (the “Company“, Where “Advance United” Where “AU“) is pleased to announce the company’s commitment to advancing the Au Marketplace with open source technologies.

“Free and open source software”FOSS“) offers compelling advantages over closed-source alternatives,” says Mr. Kevin Glendenning, Chief Technology Officer of Advance United. “Security, flexibility and cost allow us to significantly improve Au Marketplace products by leveraging existing code without additional investment.”

The Au Market is being developed to bring owners and producers together in a vertically integrated community. By leveraging open source geostatistical, visualization and modeling tools such as Quantum GIS and Geoscience ANALYST, Advance United will be able to offer owners, producers and investors a way to value properties in a way that was never before possible. not previously available in a single tool. These technologies allow the company to integrate leading third-party platforms, including artificial intelligence, crowdsourcing, and open ledgers.

“As businesses and governments invest in efforts to migrate legacy infrastructure components to open source software, we’ve taken an open source-first approach at Advance United,” says Glendenning. “Our technology stack has been built on the FOSS model from the start and we’re excited about the competitive edge this gives us in an industry that has traditionally relied on proprietary software.”

“Examples of open source dominating the market are everywhere.” Mr. Glendenning goes on to say, “The most exciting projects in the world – and out of this world – are based on open source. US Air Traffic Control, NASA’s Curiosity Rover and the International Space Station all take advantage of open source technologies The largest stock exchange, the New York Stock Exchange (NYSE) Euronext, has been running Linux since 2008. Their systems generate 1 500,000 quotes and process 250,000 orders every second, delivering acknowledgments of every trade in less than two milliseconds.1

FOSS is the cornerstone of Advance United’s operations, providing its users with a greatly enhanced feature set that otherwise would not be possible without significant investment. The company is committed to ethical technology sustainability and welcomes contributing its own software development efforts to the open source community.

“As former United States Chief Information Officer Tony Scott, co-author of Federal Source Code Policy, blogged ‘This is, after all, the people’s code. Explore it. Learn- in. Improve it. Use it to propel America’s next breakthrough.” in innovation,” concludes Mr. Glendenning.

About Advance United Holdings Inc.

Advance United brings a totally different approach to the mining industry. We don’t mine. Instead, we have acquired a portfolio of undervalued gold properties and are increasing their value through the application of modern technology. We have a growing pipeline of similar properties that we are looking to acquire. And now we have launched Au Marketplace. A one-of-a-kind digital platform that connects owners of raw materials and mineral deposits with developers and producers.

We are exclusively involved in acquiring and advancing past projects – with no intention of bringing them back into production or operating them ourselves. Our expertise lies in identifying and acquiring undervalued properties with significant historical work, which were not profitable at the time, but which we believe have economic value at today’s prices.

We fund the development of reworked historical data and apply modern technology to underwrite new qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing current value.

Our goal is to deliver immediate and long-term value to our partners and shareholders while seeking to eliminate exploration risk, so that we can all move forward together as soon as possible.

For more information about us, our projects or to find out how you can list your project on Au Marketplace, visit www.advanceunited.ca.

Advance United, headquartered in Toronto, Canada, is listed on the Canadian Securities Exchange in Canada under the symbol “AUHI” and on the Frankfurt Börse Exchange in Germany under the symbol “9I0”.

Contact information
James Atkinson, geo., CEO
Email: [email protected]
Tel: (647) 278-7502

Forward-Looking Information and Cautions

This press release may contain “forward-looking information” within the meaning of applicable securities laws relating to trading in the Company’s securities and the direction of the Company’s business. These forward-looking statements can be identified by words such as “expects”, “anticipates”, “intends”, “intends”, “believes”, “projects”, “plans” and similar expressions. Forward-looking statements in this press release include statements regarding the Company’s ability to increase the value of its current and future mineral exploration properties and, in connection therewith, any long-term shareholder value, ability of the Company to mitigate or eliminate exploration risk, and the Company’s intention to develop a portfolio of historic gold properties. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be construed as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those implied by such statements. Although these statements are based on management’s reasonable assumptions, there can be no assurance that the Company will continue to operate as described above. Readers are encouraged to review the Company’s annual and quarterly MD&As and other periodic filings by the Company with Canadian securities regulators under the Company’s profile on SEDAR at www.sedar.com. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results, except as required by applicable law.

1 https://www.pcworld.com/article/481872/how_linux_mastered_wall_street.html

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