~ Amended Filing Advances the SEC Review Process for the Proposed Business Combination ~

~ Combined Company to be Renamed XTEND AI Robotics, with Closing Anticipated Q3, and Expected to Trade on the New York Stock Exchange under Ticker "XTND" ~

TAMPA, Fla. and PALM BEACH, Fla., June 17, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (NASDAQ:JFB), a real estate development and construction company, and XTEND, a leader in software systems and artificial intelligence-powered robotics, announced the filing of an amended registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the "SEC") in connection with their previously announced proposed business combination.

While not yet declared effective, the filing of the amended registration statement represents an important milestone in the SEC review process and reflects the parties' continued progress toward completing the proposed business combination and the anticipated listing of the combined company on the New York Stock Exchange. Once declared effective by the SEC, the final information statement/prospectus included in the Form S-4 will be mailed to JFB stockholders prior to the closing of the proposed business combination. JFB and XTEND currently expect the proposed business combination to close in the third quarter of 2026, subject to the satisfaction of customary closing conditions.