Lelantos Holdings' Airtopia Group Executes Definitive Agreement to Acquire Tulsa Millwork and Commercial Signage Fabricator

Acquisition Adds a Profitable, 59% Gross-Margin Fabrication Business and a Commercial Signage Growth Platform to Airtopia's Hospitality Services Portfolio - Transaction Closed Following Definitive Agreement Executed Friday, August 28, 2026

McAlester, Oklahoma--(Newsfile Corp. - September 1, 2026) - Lelantos Holdings, Inc. (OTCID: LNTO) ("Lelantos" or the "Company") announced today that its portfolio company, Airtopia Group, has completed its acquisition of Local Cabinet Company, an Oklahoma-based millwork and commercial fabrication business, from owner Clinton Engles. The definitive agreement was executed on Friday, August 28, 2026, and the transaction has since closed.

The acquisition reflects Airtopia's strategic expansion into commercial fabrication and specialized millwork — categories adjacent to the Company's core entertainment and hospitality operations. Local Cabinet Company operates a 9,000-square-foot production facility in the Tulsa metropolitan area and brings an established customer base in custom millwork, cabinetry, and architectural fabrication.

STRATEGIC RATIONALE

Local Cabinet Company adds a proven, capital-efficient business with strong gross margins (59% year-to-date) to Airtopia's portfolio. Management identified four key benefits driving the transaction:

• Organic Extension of Hospitality & Commercial Services: Millwork and architectural fabrication are natural complements to Airtopia's existing commercial project delivery capabilities, enabling cross-selling of integrated solutions to shared customer bases.
• Commercial Signage Growth Opportunity: Local Cabinet Company has begun building out a commercial sign fabrication division positioned to serve the hospitality, retail, and entertainment sectors. Airtopia intends to accelerate this expansion under new leadership, targeting $2M+ in annual revenue by Year 2.
• Operational Continuity & Retained Leadership: Mr. Engles' continued engagement as Director of Fabrication is designed to ensure a seamless customer transition and operational consistency, while allowing Airtopia management to focus on business development and integration.
• Stock as Flexible, Aligned Consideration: The use of LNTO common stock as partial consideration aligns seller incentives with shareholder returns and reflects confidence in Lelantos' long-term value proposition.

MANAGEMENT COMMENTARY

"Local Cabinet Company represents exactly the kind of accretive, operationally strong acquisition that strengthens Airtopia's competitive position," said Felix Waller, CEO of Lelantos Holdings and Principal at Airtopia Group. "Clint has built a profitable, customer-focused fabrication business with significant growth runway. By combining his operational expertise and local market relationships with Airtopia's commercial development capabilities and broader service platform, we see clear opportunities to expand both the millwork and signage divisions into new markets and customer segments. We structured this transaction specifically to keep Clinton engaged and incentivized over the long term."

"I am excited to join the Airtopia team and to leverage the Company's resources and industry relationships to scale Local Cabinet's commercial footprint," said Clinton Engles, Owner of Local Cabinet Company. "The millwork and signage markets have significant upside, and Airtopia's platform provides the ideal springboard for growth. I look forward to working collaboratively with the team to build out our sign division and capture new commercial opportunities over the next three years."

TRANSACTION TERMS & CLOSING TIMELINE

• Enterprise value: $1.9 million for 100% of Local Cabinet Company's assets and membership interests
• Consideration: a combination of cash and LNTO common stock
• Leadership: Clinton Engles to remain with the business under a three-year employment agreement as Director of Fabrication
• Definitive agreement: executed on Friday, August 28, 2026
• Closing conditions: due diligence, execution of definitive purchase and employment agreements, assignment of the facility lease, and transfer of all necessary business licenses and permits were satisfied
• Closing: the transaction has closed

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements regarding the anticipated synergies and future performance of the Local Cabinet Company acquisition. These statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially due to factors including, but not limited to: integration challenges; material adverse changes in the business; or changes in market conditions. Readers should not place undue reliance on forward-looking statements. The parties undertake no obligation to update or revise any forward-looking statements as a result of new information, future events, or otherwise, except as required by law.

ABOUT AIRTOPIA GROUP

Airtopia Group is a portfolio company of Lelantos Holdings, Inc., focused on acquiring and operating specialized service businesses in the hospitality, entertainment, and commercial fabrication sectors. Based in Tulsa, Oklahoma, Airtopia manages operations across multiple states, delivering integrated solutions for commercial clients including millwork, architectural fabrication, signage, and hospitality services.

ABOUT LELANTOS HOLDINGS, INC.

Lelantos Holdings, Inc. (OTCID: LNTO) is a publicly traded holding company that invests in and operates a diversified portfolio of specialty businesses. For more information, visit www.lelantosholdings.io.

CONTACT INFORMATION

Media & Investor Relations
Lelantos Holdings, Inc.
Email: [email protected]
Web: www.lelantosholdings.io
OTCID: LNTO

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