OneSoft Teams Up with Large International Engineering Firm to Deliver Machine Learning Solutions to Canadian Pipeline Operators

Edmonton, Alberta, Canada (March 20, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”), has entered into a collaborative work agreement with WorleyParsons, a global professional services company, to deliver solutions for Canadian oil and gas pipeline operators that integrates OneBridge’s Cognitive Integrity ManagementTM (“CIM”) Software-as-a-Service (“SaaS”) solution with high value engineering services, to assist clients in predicting hazardous pipeline failures.

“Digital transformation is a trend that is beginning to occur within the oil and gas pipeline industry,” said Tim Edward, President of OneBridge Canada. “Through this arrangement, we plan to target Canadian clients first, then expand to Australia, Mexico, and other select global markets. We expect to offer a joint solution that will enable Tier 1, 2 and 3 clients to better manage and maintain their pipeline infrastructure.”

“Our objective with CIM is to redefine how operators determine threats to pipelines, by using sophisticated machine learning and data science methodologies,” said Brandon Taylor, CTO of OneBridge. “Unlike current technology and processes in use by the industry today, CIM easily scales by using Microsoft Azure to analyze big data, and can detect threats more accurately, faster and more cost-effectively.”

We intend to use Pilot Programs to demonstrate the high-value proposition to clients, similar to the Pilot Program model OneBridge and Microsoft are currently deploying to engage US pipeline operators. Subsequently, the parties’ intent is to provide joint clients with OneBridge’s future version of CIM, “Polaris, which OneBridge is currently developing with Phillips 66 Company [PSX:NYSE].

 

About WorleyParsons

WorleyParsons delivers projects, provides expertise in engineering, procurement, and construction and offers a wide range of consulting and advisory services.

WorleyParsons is listed on the Australian Securities Exchange [ASX: WOR]. Further information about WorleyParsons is available on the Internet at www.worleyparsons.com and www.advisian.com.

 

About Polaris

OneBridge has teamed up with Phillips 66 Company to develop Polaris, which involves migrating Phillips 66’s pipeline management software to a cloud solution that will incorporate OneBridge’s data science and machine learning technology. Polaris will provide comprehensive, end-to-end functionality typically required by oil and gas pipeline operators to manage the complete lifecycle of an integrity management program. Polaris is designed to include multiple components, including assessment planning, cognitive analysis, workflow management, regulatory compliance, certain financial metrics, reporting and audit controls and advanced business intelligence with 3D visualizations to present information in a highly intuitive manner.

 

About OneSoft and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ “MSFT”) Cloud, in conjunction with Office 365, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure Cloud Platform and Services, with accessibility through any internet capable device.

Visit www.onesoft.ca for more information.

The Company’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use data science and Machine Learning to conduct predictive analytics on big data for the Oil & Gas pipeline industry to assist operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

Visit www.onebridgesolution.com for more information.
For more information, please contact

Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca

(780) 437-4950

Sean Peasgood, Investor Relations
Sean@SophicCapital.com
(416) 565-2805

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company, the Company’s efforts to develop and commercialize technology with certain capabilities, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The Company’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Another Fortune 500 Company to Conduct Pilot Evaluation of OneSoft’s Machine Learning Platform

Edmonton, Alberta, Canada (February 7, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into a Pilot Program agreement with another U.S.-based, Fortune 500 natural gas, oil and petrochemical company (the “Client”). The Client, whose operations include natural gas gathering, treating, processing, transportation and storage, primarily in the United States, will evaluate OneBridge’s Cognitive Integrity ManagementTM (“CIM”) SaaS solution.

Management Commentary

“We are seeing continued traction for OneBridge’s CIM solution,” said Tim Edward, President of OneBridge Canada. “In this case, one of North America’s leading providers of midstream energy services has recognized CIM’s value proposition and is now investigating CIM in pursuit of its commitment to improve its internal processes to detect threats to its pipeline infrastructure, through digital transformation and machine learning.  This Client is only one of many companies investigating our new technology, as evidenced by the high degree of interest expressed by numerous attendees that we met at PPIM last week, the world’s largest pipeline integrity management conference held annually in Houston.”

Brandon Taylor, CTO and President of OneBridge USA, added, “This pilot is another tangible result of the great support that Microsoft is contributing to help us launch our solution in the marketplace.  We continue to work together with Microsoft’s sales teams to pursue opportunities that currently total approximately 350,000 miles in aggregate of U.S.-based oil and gas pipelines.”

The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project. OneSoft’s objective is to retain this Client as a commercial customer that uses CIM on an ongoing basis to generate recurring revenues in accordance with the Company’s software-as-a-service (“SaaS”) business model.

ABOUT THE CLIENT

The Client is a USA-based company which, together with its publicly traded partnerships, is a leading North American provider of midstream energy services to consumers of natural gas, natural gas liquids (“NGLs”), crude oil, refined products and petrochemicals. The Client currently has an asset base that exceeds $50 billion, due to expansions from organic growth opportunities and acquisitions.  Its operations include multiple NGLs, crude oil and natural gas storage facilities, refineries, processing plants, comprehensive terminal and transportation systems, natural gas marketing and an extensive list of petrochemical and refined products and services. The Client’s major projects include significant investments in software and technology to streamline operations, reduce costs and provide for future growth.

ABOUT THE CIM PILOT PROJECT

Pursuant to the terms of the arrangement, OneBridge will normalize the Client’s inline inspection (“ILI”) data for segments of its pipeline, ingest and classify the data, and align all features to calculate anomaly growth rates. Using OneBridge proprietary Pattern Detection and Interacting Threats data science algorithms, the solution is designed to detect threats using Predictive Analytics, while providing advanced business intelligence, graphical presentations, and reporting of the data that assists clients to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.onebridgesolutions.com for more information.

OneBridge utilizes proprietary data science and machine learning algorithms, and predictive analytics applied to structured and unstructured big data on a highly scalable level to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge CIMTM solution is deployed as a SaaS application leveraging Data Science, Azure Machine Learning, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services.

About OneSoft Solutions and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ “MSFT”) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure Cloud Platform and Services, with accessibility through any internet capable device.

Visit www.onesoft.ca for more information.

OneBridge develops and markets revolutionary new SaaS solutions that use data science and Machine Learning and predictive analytics applied to big data for the Oil & Gas pipeline industry, which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

Visit www.onebridgesolution.com for more information.

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company, the Company’s efforts to develop and commercialize the technology with the capabilities, and Phillips 66’s ability to use the technology, as described, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Another US-Based Fortune 500 Company Adopts Onesoft’s CIM Solution for Pipeline Integrity Management and Data Analytics

Edmonton, Alberta, Canada (January 11, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into an agreement with another Fortune 500 company (the “Client”) to use Cognitive Integrity ManagementTM (“CIM”) as an integral component of its pipeline integrity management process. CIM is a SaaS solution that incorporates proprietary machine learning algorithms and other data science components of Microsoft Azure and cloud technologies to manage and conduct predictive analytics on big data pertaining to oil and gas pipelines.

“We are pleased that another customer who initially commenced using CIM on a pilot project trial basis has now transitioned to use CIM on an ongoing, commercial basis” said Tim Edward, President of OneBridge. “This corroborates our belief that machine learning and data science cloud technologies can deliver better data management and analytics than legacy solutions provide, and that incorporating CIM as an integral component of pipeline integrity management provides a high-value proposition for pipeline operators.”

The Client is a USA-based company, which together with its subsidiaries, is one of the largest petroleum product refiners, marketers and transporters in the United States. Its operations include multiple refineries, comprehensive terminal and transportation systems, extensive wholesale divisions and one of the largest chains of company-owned and operated retail gasoline and convenience stores within the USA. The Company’s major projects include significant investments in software and technology to streamline operations, reduce costs and provide for future growth. A plan to incorporate the Client’s use of CIM through calendar 2018 has been determined, which services will commence immediately.

About OneSoft Solutions and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ “MSFT”) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

OneBridge develops and markets revolutionary new SaaS solutions that use data science and Machine Learning to apply predictive analytics to big data for the Oil & Gas pipeline industry, which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

Visit www.onebridgesolution.com for more information.

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

OneSoft Engages in Pilot Program with Another Fortune 500 USA-Based Company

Edmonton, Alberta, Canada (December 5, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into a Pilot Program agreement with another U.S. based, Fortune 500 petroleum company, whose operations include refineries, retail marketing and transportation of oil and gas products (the “Client”), for evaluation of OneBridge’s Cognitive Integrity ManagementTM (“CIM”) SaaS solution.

“This Pilot Project confirms that another Tier 1 pipeline operator has recognized the value proposition of CIM and has committed to further explore CIM’s capabilities,” said Tim Edward, President of OneBridge Canada. “The initial feedback we’ve received is very positive, as this Client is highly committed to enhance and improve their internal systems and processes to detect threats to their pipeline infrastructure, in pursuit of a zero-failure objective.”

Brandon Taylor, CTO and President of OneBridge USA, added, “Since embarking upon marketing and sales initiatives with Microsoft in September 2017, we have identified potential sales opportunities involving approximately 375,000 miles of pipeline in the U.S. operated by Microsoft customers who are also OneBridge prospects. These miles represent a significant subset of the initial target market we are pursuing and we are encouraged by this first tangible result from our collaborative sales efforts with Microsoft.”

The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project. OneSoft’s objective is to retain this Client as a commercial customer who uses CIM on an ongoing basis to produce recurring revenues as is expected from the Company’s SaaS business model.

About the Client

The Client is a USA-based company, which together with its subsidiaries, is one of the largest petroleum product refiners, marketers and transporters in the United States. Its operations include multiple refineries, comprehensive terminal and transportation systems, extensive wholesale divisions and one of the largest chains of company-owned and operated retail gasoline and convenience stores within the USA. The Company’s major projects include significant investments in software and technology to streamline operations, reduce costs and provide for future growth.

About the CIM Pilot Project

Pursuant to the terms of the arrangement, OneBridge will normalize the Client’s inline inspection (“ILI”) data for segments of its pipeline, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. Using OneBridge proprietary Pattern Detection and Interacting Threats machine learning algorithms, the program is designed to detect threats using Predictive Analytics, while providing advanced business intelligence, graphical presentations, and reporting of the data that assists clients to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.onebridgesolutions.com for more information.

OneBridge utilizes proprietary Machine Learning algorithms, a single geo-spatial database, and predictive analytics applied to structured and unstructured big data on a highly scalable level that cannot practically be replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity ManagementTM solution is deployed as a software as a service (“SaaS”) solution leveraging Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ: MSFT) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

 

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

OneSoft Engages in Another Pilot Program with a Fortune 100 USA-Based Petroleum Company

Edmonton, Alberta, Canada (November 21, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has commenced a Pilot Program with a division of a U.S. based, Fortune 100 petroleum product refiner, marketer and transporter (the “Client”) for evaluation of OneBridge’s Cognitive Integrity ManagementTM (“CIM”) SaaS solution.

“We’re pleased that another Tier 1 pipeline operator has recognized CIM’s value proposition and has committed to further explore CIM’s capabilities,” said Tim Edward, President of OneBridge Canada. “According to PHMSA, the American pipeline regulator, a pipeline incident occurs almost daily in the United States. CIM’s machine learning capabilities may potentially uncover pipeline faults before failures occur, and detect threats with higher accuracy, increased speed, and at a far lower cost than the current default method, which largely involves manual spreadsheet analysis. Given the safety issues, negative publicity, large fines and lost revenues associated with failures, and that the pipeline industry has a stated goal of zero failures, interest in our CIM solution continues to grow.”

The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project.

“We designed these Pilot Programs to give prospects the opportunity to evaluate the full functionality of our CIM solution within weeks,” said Brandon Taylor, CTO and President of OneBridge USA. “We cannot provide timing on when or if new clients will ultimately adopt CIM, however, initial feedback has been very positive.”

About the Client
The Client is a USA-based company, which together with its subsidiaries, is one of the largest petroleum product refiners, marketers, and transporters in the United States. Its operations include multiple refineries, comprehensive terminal and transportation systems, extensive wholesale divisions and one of the largest chains of company-owned and operated retail gasoline and convenience stores within the USA.

About the CIM Pilot Project
Pursuant to the terms of the arrangement, OneBridge will normalize the Client’s inline inspection (“ILI”) data for segments of its pipeline, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. Using OneBridge proprietary Pattern Detection and Interacting Threats machine learning algorithms, the program is designed to detect threats using Predictive Analytics, while providing advanced business intelligence, graphical presentations, and reporting of the data that assists clients to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.onebridgesolutions.com for more information.
OneBridge utilizes proprietary Machine Learning algorithms, a single geospatial database, and predictive analytics applied to structured and unstructured big data on a highly scalable level that cannot practically be replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity ManagementTM solution is deployed as a software as a service (“SaaS”) solution leveraging Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services.

About OneSoft Solutions Inc.
OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ: MSFT) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

ON BEHALF OF THE BOARD OF DIRECTORS
ONESOFT SOLUTIONS INC.
Douglas Thomson
Chair

For more information, please contact
Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca
(780) 437‐4950

Sean Peasgood, Investor Relations
Sean@SophicCapital.com
(416) 565-2805

Forward-looking Statements
This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

OneSoft Solutions Engages Sophic Capital for Capital Markets Advisory Services

Edmonton, Alberta, Canada (November 16, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS; OTCQB: OSSIF) announced today that it has appointed Sophic Capital Inc. (“Sophic Capital” or “Sophic”) as its Investor Relations (IR) firm. Sophic Capital is a capital markets advisory firm and will focus on increasing investor awareness of OneSoft by developing a comprehensive communications strategy and introducing OneSoft to investment advisors, investment dealers, institutions, and other financial professionals.

“Sophic Capital demonstrated tremendous support for OneSoft, having visited us at a major pipeline conference in Houston earlier this year and have a deep knowledge base about our technology and markets,” said Dwayne Kushniruk, OneSoft’s CEO. “Now that OneSoft has some upcoming catalysts, we want to leverage Sophic’s relationships and expertise to communicate our story to investors.”

“OneSoft’s story hits many on-trend technology themes, including machine learning, artificial intelligence, and augmented reality,” said Sean Peasgood, CEO of Sophic Capital.  “The recent Phillips 66 contract validated OneSoft’s solution; our conversations with Microsoft illustrated the value proposition for Azure; we’re confident that management will close more deals within the energy pipeline industry. We want to thank OneSoft for selecting Sophic Capital, and we look forward to communicating their story to investors.”

OneSoft’s engagement with Sophic Capital is a 12-month term, on a fee-for-services basis of $7,000 per month. In addition, OneSoft has granted Sophic 600,000 options to purchase OneSoft shares at a price of $0.20 per share. The options will vest over 12 months and will expire on November 14, 2020.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

 

For further information, please contact:

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

 

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565 2805

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Onesoft’s Onebridge subsidiary engages in pilot program with progressive American pipeline company

Edmonton, Alberta, Canada (September 14, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS) is pleased to advise that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has commenced a Pilot Program for evaluation of OneBridge’s Cognitive Integrity Management SaaS solution by another US-based oil & gas pipeline operator (the “Client”).

Pursuant to the terms of the agreement, OneBridge will normalize the Client’s inline inspection (“ILI”) data for segments of its pipeline, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. This Pilot Program is expected to advance development of our proprietary Pattern Detection and Interacting Threats machine learning algorithms, which are designed to detect threats to pipelines over time using Predictive Analytics, while providing advanced business intelligence, graphical presentations, and reporting of the data that operators require to manage their pipeline infrastructure.  Additional to the ILI data, the Client will also provide various external data sets (e.g., environmental information), which OneBridge will correlate to anomalies and other features to further enhance the functionality of the Cognitive Integrity Management solution.

Tim Edward, President of OneBridge, stated “We are excited about their commitment to this Pilot Program because this Client is fully committed to operate their pipeline business to the highest levels of responsibility and safety. We are also appreciative of their involvement to use, and assist us to further evolve our Cognitive Integrity Management solution. Their objective of reducing pipeline failures to zero aligns fully with our own vision for Cognitive Integrity Management and OneBridge.”

Brandon Taylor, OneBridge CTO added, “We look forward to working with their highly experienced integrity management personnel, who are clearly amongst the technology leaders in the industry. We intend to use Cognitive Integrity Management to validate their existing results and truth data. In addition, our data science team will use our Pattern Detection and Interacting Threat algorithms to identify whether Machine Learning can potentially expose threats that may not have previously been discovered.”

The Pilot Program, using a “succeed fast/fail fast” approach, will accommodate a full evaluation of Cognitive Integrity Management by the Client within weeks. The objective of the program is to allow the Client to utilize Cognitive Integrity Management as a key component of their integrity management process on a trial basis while using their own data, and then subsequently contract with them as a long-term commercial customer. The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project. The potential exists that future recurring annualized SaaS revenue could increase to the low to mid six-figure range, should the Client adopt Cognitive Integrity Management for their long-term use.

About the Client

The Client is a subsidiary of one the largest private companies in the USA and owns or operates pipeline systems that transport crude oil, refined petroleum products, chemicals and natural gas liquids in multiple states. The Client has received various awards for outstanding safety and environmental practices, and is actively involved as a progressive industry leader to implement new technologies and practices that promote the safety of the public, its employees, and the environment.

About OneBridge Solutions, Inc.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”), is currently focused on the U.S. Oil & Gas pipeline market, which management estimates represents 60% of the global addressable market for the Company’s products. OneBridge develops and markets revolutionary new software as a service (“SaaS”) solutions for the Oil & Gas pipeline industry which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

 

OneBridge utilizes proprietary Machine Learning algorithms, a single geo-spatial database, and predictive analytics applied to structured and unstructured big data on a highly scalable level that cannot practically be replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity Management solution provides Data Normalization, Cognitive Learning, and Business Intelligence and Visualization, all of which is deployed as a SaaS solution leveraging Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services. Visit www.onebridgesolutions.com for more information.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca (780) 437‐4950

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

 

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

 

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

OneSoft’s OneBridge subsidiary contracts with Phillips 66

Edmonton, Alberta, Canada (September 12, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS) is pleased to advise that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has contracted with Houston-based Phillips 66, a diversified Fortune 500 energy manufacturing and logistics company, for commercial use of OneBridge’s Cognitive Integrity Management (“CIM”) SaaS solution.

OneBridge’s relationship with Phillips 66 began in mid-2016 when Phillips 66 engaged as an early adopter to provide input and feedback for development of CIM.  This occurred as part of the Company’s private preview program that followed its software development sprint at Microsoft’s Accelerator program for Machine Learning and Data Science, held between February and June, 2016.  OneBridge was one of 9 companies selected from 721 applicants world-wide to participate in the Seattle Accelerator, and the only company chosen from the oil and gas pipeline industry.

During the course of the private preview program, Phillips 66 provided 845 inline inspection data files stored in various formats collected between 1993 and 2016, representing approximately 300 segments totaling 9,700 miles of pipeline, along with “truth” data as determined by Phillips 66 using their conventional manual processes.  This truth data served as a benchmark for comparison and validation of the data analyses performed by CIM. Using Machine Learning technology, CIM automatically ingested and normalized the data, which logged 8.8 million features, with a high alignment success rate and at a speed that greatly exceeded standard manual times.

The entire process of data ingestion, normalization and alignment of data for such a project typically takes under 2 hours using CIM, as compared to more than 10 work weeks of effort using conventional manual processes. Additionally, while manual processes typically address less than 5% of the pipeline data, CIM analyzes 100% of the data, thus provides capability for operators to manage their pipeline assets as smart infrastructure. CIM, using our proprietary Machine Learning algorithms, applies predictive analytics to inline inspection big data to identify potential threats to pipelines, thus assists oil and gas pipeline operators to attain their objective to achieve zero pipeline failures.

Tim Edward, President of OneBridge, stated “We are very appreciative of the assistance that Phillips 66 has provided to accelerate CIM development for general commercial use. Our vision for OneBridge, which is disruptive to current methodologies and practices used today, passed an important milestone test when Phillips 66, one of the most progressive pipeline operators in the world, was able to confirm that results from validation digs performed to verify CIM analyses were sufficiently compelling for them to adopt CIM as a key tool to detect threats to their pipeline infrastructure.”

Brandon Taylor, OneBridge CTO added, “Phillips 66’s mandate is to refine and improve its asset integrity programs for pipelines and facilities across its enterprise, and to maintain the highest level of accountability for governance and regulatory compliance. We believe that the evaluation work that was completed during the past year and incorporation of CIM as a key component of Phillips 66’s future integrity management processes represents a significant step forward in fulfilling their mandate. We look forward to continued collaboration with Phillips 66 personnel to enhance Pattern Detection, Interacting Threats and planned future functionality of CIM, to address more of the industry’s requirements that are best managed with new cloud technologies.”

The initial term of the agreement is through December 2018, with provisions for renewal through 2024. CIM usage fees will be invoiced monthly based on the number of miles of pipeline data ingested into CIM and will also include charges for Microsoft Azure platform usage and other reimbursable expenses as they occur. The annualized revenue associated with this contract is anticipated to be in the low 7 figure range when the Client completes the loading of all their pipeline data into CIM.

About OneBridge Solutions Inc.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”), is currently focused on the U.S. Oil & Gas pipeline market, which management estimates represents 60% of the global potential revenue for the Company’s products. OneBridge develops and markets revolutionary new software as a service (“SaaS”) solutions for the Oil & Gas pipeline industry which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

OneBridge utilizes proprietary Machine Learning algorithms and a single geo-spatial database to conduct predictive analytics on structured and unstructured big data on a highly scalable level that cannot be practically replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity Management (“CIM”) solution provides Data Normalization, Cognitive Learning,  Business Intelligence and Visualization in a SaaS solution that leverages Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services. Visit www.onebridgesolutions.com for more information.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost efficient subscription based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca (780) 437‐4950

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; the efficacy of its software; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition;  ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the  United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.