Creative Realities rejects Pegasus's revised $2.85/share acquisition proposal

CREATIVE REALITIES, INC.

Special Committee of independent directors determined revised proposal undervalues company.
Pegasus's revised offer of $2.85 per share in cash rejected; earlier $2.49 offer also rejected.
Pegasus owns ~38.13% of outstanding shares (3.7M) and holds ~$17.9M in company debt.
Company remains open to evaluating any future revised proposals; no assurance of deal.

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