OneSoft Solutions Inc.’s Subsidiary Wins Prestigious ASTech Foundation Award

Machine Learning Solutions Recognized for Outstanding Achievement in Energy & Environmental Innovation

Edmonton, Alberta, Canada (October 30, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS, OTCQB: OSSIF), a North American developer of cloud-based business solutions, is pleased to announce that its wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”), won the ASTech Foundation’s Outstanding Achievement in Energy & Environmental Innovation award. The Company’s innovative cloud computing, Machine Learning solution conducts predictive analytics on oil and gas pipeline data to help operators achieve their objective of zero pipeline failures. OneBridge was selected from three finalists in the Energy and Environmental Innovation category, and was awarded this top honor, along with a $10,000 cash stipend, at ASTech’s 29th annual NextGen Innovators Showcase ceremony held on October 26, 2018.

“We are very pleased that our innovative work to prevent pipeline failures is gaining recognition and acceptance, not only by the industry, but also by the science community,” stated Tim Edward, President of OneBridge. “We would like to thank everyone who has contributed to our receipt of this special recognition, including WorleyParsons who initially nominated OneBridge for consideration for the award, Phillips 66 and Microsoft who contributed compelling support of our achievements considered by the adjudication panel, our employees who have done remarkable work to develop our solutions, our customers and industry followers who have embraced new Machine Learning and digital transformation concepts to progress their operations, and our investors who have supported us in our objective of reducing pipeline failures to save lives and protect the environment.”

About ASTech Foundation
The Alberta Science and Technology Leadership (ASTech) Foundation is a not-for-profit organization founded through an industry initiative in 1989 to showcase the substantial achievements in science & technology in Alberta and to promote the importance of these activities to social and economic benefit. ASTech has grown with the support of sustaining member organizations spanning major industries – including agriculture, health, education, energy and technology – all of whom recognize and celebrate innovation and excellence in Alberta. ASTech’s mission is to identify and celebrate achievements in science and technology in Alberta by creating inspiration, fostering innovation, promoting excellence, building entrepreneurship and prosperity and supporting education and training. The premiere event of its kind in Alberta, the ASTech Awards are Alberta’s most prestigious science and technology honours, and bring together 500 leaders from industry, government, media and educational institutions to honour and celebrate outstanding achievement in 10 categories covering the innovation ecosystem and sector-specific categories. Each award granted is subject to a very specific set of criteria which must be met or exceeded in order for the nomination to be selected as a finalist, with determination of winners by an independent, esteemed judging panel.

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
647-494-7710

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 to deliver 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; our interpretation based on various industry information sources regarding the total miles of pipeline in the USA and globally, which segments are piggable; our understanding of metrics, activities and costs regarding evaluation, inspection and maintenance is in alignment with various industry information sources and costs of performing pipeline evaluation, inspection and maintenance in the USA are representative of those in the rest of the world, are reasonably accurate; 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 because 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

OneSoft Solutions Inc. Reports Results for the Three and Six months ended August 31, 2018

Brandon Taylor Appointed President & Chief Operating Officer

Edmonton, Alberta, Canada (October 29, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS, OTCQB: OSSIF), a North American developer of cloud-based business solutions, is pleased to announce its financial results for the three and six months ended August 31, 2018. Unless otherwise stated, all dollar amounts are Canadian dollars. Please refer to the interim unaudited Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three and six months ended August 31, 2018 filed on SEDAR at www.sedar.com for more information.

Financial summary for THE THREE AND SIX MONTHS ended AUGUST 31, 2018

The following table summarizes the second quarter ended August 31, 2018, compared to August 31, 2017:

  • Revenue in the quarter increased 63.4% year-over-year from $238,407 to $389,007, as a result of processing more data-miles for our commercial customers, increased ingestion of inspection logs, Pilot Program fees and increased Azure fee reimbursements.
  • Gross profit increased to $337,119 from $238,407, despite a $51,888 increase in direct costs in this quarter.
  • Expenses were $1,261,997, up from $1,046,430 a year ago, due primarily to increased personnel costs, including additional development staff hired for the Cognitive Integrity ManagementTM (“CIM”) 3.0 software project, increased general and administrative expense due to the Company’s internal Azure costs increasing in the quarter following exhaustion of its Microsoft Accelerator grant which had absorbed these costs this quarter last year, and increased sales and marketing expenses.
  • The increase in expense was offset by the capitalization of software development costs, which increased to $211,169 from $16,729 due to the development of CIM 3.0 (Polaris) software.

Management Commentary

“The ground work we have done during the past year is now transforming into revenue as new customers see the tangible results from adopting our solutions,” stated Dwayne Kushniruk, OneSoft’s CEO. “Interest in the use of Machine Learning to replace legacy industry processes is escalating. During the quarter, 3 new customers entered software trials for CIM 2.0, and 3 companies started Private Previews with our new CIM 3.0 Polaris solution. With 2 Fortune 500 clients now on board with multi-year agreements and 17 other companies either in trials or considering trials of our solutions, we are optimistic about signing more commercial contracts, which we believe will allow us to achieve cash break-even operations without needing to raise new capital.”

OPERATIONAL HIGHLIGHTS in the quarter ended August 31, 2018

  • The Company initiated its Private Preview program for the Polaris (CIM 3.0) development project during the quarter, having engaged 3 companies as beta users to provide input and feedback. Subsequent to quarter-end, CIM 3.0 was released to the market for general commercial use in October. CIM 3.0 integrates a cloud version of Phillips 66’s internally developed systems and OneBridge’s Machine Learning and Data Science technology, which now provides comprehensive “cradle-to-grave” functionality for oil and gas companies to manage their pipelines.
  • OneBridge continued its collaborative marketing and sales efforts with Microsoft, who is motivated by CIM’s demonstrated ability to drive consumption of (and revenue from) Microsoft Azure and other cloud products and services. Approximately 80 Microsoft sales personnel who have customer relationships with oil and gas companies have been familiarized with OneBridge solutions to date and have now introduced our Azure Machine Learning concepts to potential customers in segments of the global marketplace, including North America, Europe, Middle East, Africa and the Caribbean.
  • OneBridge continued to work with WorleyParsons, an international engineering firm, who is utilizing OneBridge solutions as one of its foundational platforms to deliver high value digital transformation services to its oil and gas clients.
  • In July 2018, OneBridge announced it had been selected as a finalist for the 2018 ASTech Foundation award for its achievement in science & technology in Alberta. The ASTech Awards are hailed as the Province of Alberta’s most prestigious science and technology awards, which honours outstanding achievement in numerous innovation, ecosystem, and sector-specific categories.

SUBSEQUENT TO QUARTER END

BUSINESS OUTLOOK

Although OneBridge’s pricing model is not based on a per data-mile fee, the revenue metric established during the last fiscal year ended February 28, 2018, based on $1 million of revenue derived from having processed an average of approximately 10,000 miles of pipeline data per month, equated to invoicing approximately $100 per mile during the year. Based on this historic revenue metric, we anticipate that we will need to invoice an average of about 40,000 data-miles monthly to achieve cash break-even operations, based on current expenditure levels.

Currently we have 2 signed, multi-year commercial clients who collectively operate 19,000 miles; 9 companies with whom software trials are currently underway who collectively operate 130,000 miles; and 8 companies who are in various stages of considering software trials who collectively operate 103,000 miles. These potential revenue opportunities total 252,000 data-miles, with operators ranging from 700 miles to more than 50,000 miles of pipeline and include several Fortune 500 companies and one industry supermajor.

We anticipate that some revenue growth will arise from our current customer base in Fiscal 2019, as these clients increase their use of our solutions by ingesting additional pipeline segment data into CIM and transition new divisions and operating partners to replace legacy processes with CIM 3.0. We anticipate a number of customers currently engaged in or considering software trials will ultimately adopt CIM for continual commercial use, which is expected to increase revenue.

The CIM 3.0 program is highly important to the Company.  Post quarter end, on October 17, 2018, we announced the commercial release of CIM 3.0 for general use. We anticipate the completion of certain additional functionality requirements developed in iterative enhancements to CIM 3.0, and acceptance of them by Phillips 66 will result in the recognition of a significant portion of the Company’s deferred revenue as earned revenue, as well as a positive impact to the Company’s cash flow in the fiscal 4th quarter.

The Company believes the commercial release of CIM 3.0 and its subsequent enhancements will contribute to increasing revenues in Fiscal 2019. Management believes that revenue anticipated from the current sales opportunities, coupled with cash on hand, will be sufficient to achieve the objective of achieving cash-positive operations, without any requirement to raise additional capital to fund operational plans as currently envisioned.

APPOINTMENT OF PRESIDENT AND COO

The Company is pleased to announce the appointment of Brandon Taylor as President and COO of OneSoft Solutions Inc. Mr. Taylor previously served as CTO for the Company since 2004 and President of OneBridge’s U.S. operations since 2015 and will be assuming additional duties associated with capital markets, corporate development and investor relation initiatives.  Dwayne Kushniruk, who was previously the CEO and President of OneSoft, will continue as CEO and Director of Business Development for OneSoft and its operating subsidiaries.

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

647-494-7710

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 to deliver 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; our interpretation based on various industry information sources regarding the total miles of pipeline in the USA and globally, which segments are piggable; our understanding of metrics, activities and costs regarding evaluation, inspection and maintenance is in alignment with various industry information sources and costs of performing pipeline evaluation, inspection and maintenance in the USA are representative of those in the rest of the world, are reasonably accurate; 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 because 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

OneSoft’s Cognitive Integrity Management 3.0 SaaS Solution Released For Commercial Use

Edmonton, Alberta, Canada (October 18, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS; OTC:OSSIF) is pleased to announce that its wholly owned operating subsidiary, OneBridge Solutions Inc. (“OneBridge”), has reached a major milestone in releasing its next iteration of Cognitive Integrity ManagementTM software-as-a-service (“SaaS”) solution (“CIM 3.0”) for general commercial use.  CIM 3.0 (previously codenamed Polaris) now allows oil and gas operators to manage the entire integrity management life cycles for their pipeline system in a SaaS solution based on Microsoft’s Azure cloud platform. On September 24th, 2018 we announced our first commercial deployment for CIM 3.0 with a Fortune 500 customer and we currently have numerous software trials in progress with pipeline operators who we anticipate will adopt the solution for long-term use.

“We believe this milestone positions OneBridge as the pipeline industry’s leader of integrity management software.  Our product team incorporated intellectual property we acquired from Phillips 66 and collaborated with our private preview users to ensure that CIM 3.0 will be applicable to oil and gas pipeline operators of any size, from small companies to industry super majors” said CTO Brandon Taylor. “CIM 3.0 significantly advances the digital transformation process for the pipeline industry.  Operators can leverage modern cloud technology to identify regulatory compliant conditions and produce real-time business intelligence at the push of a button.  More importantly, CIM 3.0 now provides an expanded foundation that enables OneBridge to evolve our mission of predicting pipeline failures to save lives and protect the environment.”

OneBridge President Tim Edward added, “CIM 3.0 represents a transformational advancement that many industry experts have held for the past 25 years.  The fact that CIM only needs a few hours to analyze 100% of a pipeline operator’s inline inspection data – independent of tool vendor and the countless legacy technologies used over the past few decades – is unprecedented.  We sincerely acknowledge and thank those operators in our private preview programs that provided the data and feedback needed to evolve our solutions. Their subject matter expertise has been highly valuable in CIM 3.0’s development and will continue to assist us to prioritize features for future software enhancements, which we expect to update approximately every two weeks.”

About Cognitive Integrity Management 3.0

OneBridge has been working with Phillips 66 and two other pipeline operators in a private preview program and other operators through pilot programs to develop CIM 3.0 (codenamed “Polaris”), an advanced pipeline integrity management solution for industry operators, by migrating functionality from Phillips 66’s PT-DMS internally-developed software applications to a cloud-based SaaS solution the embeds OneBridge Machine Learning, Data Science and CIM 2.0 functionality. CIM 3.0 is designed to address four major areas of functionality additional to what CIM 2.0 provides: (1) assessment planning, including enterprise-level planning, scheduling and business intelligence; (2) integrity compliance, wherein internal company policy and regulatory compliance conditions for CFR 192 & 195 can be addressed with the push of a button; (3) threat monitoring, for which actionable workflow and job information for every threat is identified; and (4) business intelligence, comprised of data analytics, SQL reporting, embedded user experience using 3D visualizations, dashboards with filtering, and natural query language capability.

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 (MSFT:NASDAQ) Azure Cloud Platform.   Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators 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.

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(647) 494-7710

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 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.

Fortune 500 Company Becomes First Commercial Client for OneSoft’s New CIM 3.0 (Polaris) SaaS Solution

Edmonton, Alberta, Canada (September 24, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS; OTC:OSSIF) is pleased to announce that its wholly owned operating subsidiary, OneBridge Solutions Inc. (“OneBridge”), has entered into its first commercial use agreement for its next iteration of Cognitive Integrity ManagementTM software-as-a-service (“SaaS”) solution, which has been under development (codenamed “Polaris”) since early 2018 (“CIM 3.0”). The “Client”, a U.S.A. – based Fortune 500 company, participated as a private preview user of the beta version of Polaris during its development phase and has now contracted to utilize the commercial version of CIM 3.0 on a multi-year basis.

“We are very pleased with our progress on the Polaris, now renamed CIM 3.0, development sprint” stated CTO Brandon Taylor. “Our initial goal was to develop a sufficiently comprehensive solution to enable our private preview users to replace their current integrity management systems with CIM 3.0  – and that objective has been met.  We are continuing to work with the other private preview participants who we anticipate over the next few months will adopt CIM 3.0 for long-term use, after which the solution will be commercially released to market for global use.”

OneBridge President Tim Edward added. “CIM 3.0 is designed to provide full “cradle-to-grave” functionality that oil and gas companies require to manage their pipeline infrastructure, including data and integrity management, predictive analytics, threat detection and monitoring, operational logistics, regulatory compliance and advanced business intelligence.  We are very appreciative of the valuable contributions that have been made by both Phillips 66 and the Client, as well as the third private preview participant of the Polaris/CIM 3.0 project, by providing their input and feedback as beta users of the software, as we’ve worked through the development sprint.”

About the Client

The Client is a Fortune 500 with annual revenues of US$35 billion, 14,000 employees and 7,500 miles of pipelines. The Client conducts operations in 18 states in the mid- and western U.S.A., including numerous refineries, storage terminals, natural gas processing complexes and 3,300 retail stores.

About CIM 2.0 and CIM 3.0   

Operating on Microsoft’s Azure Cloud platform and services environment, CIM 2.0 provides revolutionary Pattern Detection and Interacting Threats functionality using Data Science and proprietary Machine Learning algorithms. CIM 2.0 is designed to normalize and ingest inline inspection (“ILI”) data for pipelines, align anomalies and calculate their growth rates, which results in the detection of threats to pipelines over time using Predictive Analytics. CIM 2.0 also provides advanced business intelligence, intuitive graphical presentations, and dashboard reporting and natural query language capability for data that operators require to manage their pipeline infrastructure.

OneBridge entered into an agreement with Phillips 66 Company to develop CIM 3.0 (codenamed Polaris), an advanced pipeline integrity management solution for industry operators, by migrating functionality from Phillips 66’s PT-DMS internally-developed software applications to a cloud-based SaaS solution the embeds OneBridge Machine Learning, Data Science and CIM 2.0 functionality. CIM 3.0 is designed to address four major areas of functionality additional to what CIM 2.0 provides: (1) assessment planning, including enterprise level planning, scheduling and business intelligence; (2) integrity compliance, wherein internal company policy and regulatory compliance for CFR 192 & 195 can be addressed with the push of a button; (3) threat monitoring, for which actionable workflow and job information for every threat is identified; and (4) business intelligence, comprised of data analytics, SQL reporting, embedded user experience using 3D visualizations, dashboards with filtering and natural query language capability.

About CIM 3.0 Potential Market, Pricing and Sales Traction to Date

CIM 3.0 is designed to be scalable for global use by a wide range of pipeline companies, from small operators through and including industry supermajors. In accordance with various figures compiled by the U.S.A. regulator, Pipeline and Hazardous Materials Safety Administration (“PHMSA”), the Association of Oil Pipe Lines (“AOPA”), the American Petroleum Institute (“API”) and other sources, we believe that Machine Learning and Data Science solutions, like CIM 3.0, may be able to disrupt a significant portion of the annual expenditures currently being spent for pipeline data evaluation, which we estimate to be US$640 million within the U.S.A. and US$1.1 billion globally, most of which currently depends on legacy technologies and processes. (Refer to the “Market Metrics” section on page 9 of the Company’s MD&A for the year ended February 28, 2018 published on June 26, 2018 for more details regarding addressable market estimates.)

Management is pleased with the early traction in this market segment. Our commercial pricing model includes monthly fees at various levels for the use of CIM 3.0, based on the number of miles of pipeline operated and additional fees charged for specific functionality used, based on an economic consumption model. Historical revenues have equated to approximately $100 per data/mile of pipeline processed – i.e., OneBridge processed approximately 10,000 pipeline data/miles during the last fiscal year ending February 28, 2018, and recorded $1 million of revenue. We expect this revenue metric may increase in the future, after we commercialize CIM 3.0 and add more functionality to our solutions.

We believe we will need to engage customers operating approximately 40,000 data/miles in aggregate to achieve cash break even operations.  Currently we have 2 signed, multi-year commercial clients who collectively operate 19,000 miles; 9 companies with whom software trials are currently underway who collectively operate 130,000 miles; and 8 companies who are in various stages of considering software trials who collectively operate 103,000 miles. These potential revenue opportunities total 252,000 miles, with operators ranging from 700 to more than 50,000 miles of pipeline, and include several Fortune 500 companies and one industry supermajor.

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 (MSFT:NASDAQ) Azure Cloud Platform.   Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators 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.

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(647) 494-7710

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 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.

Canadian Pipeline Operator Engages in Pilot Project for OneSoft’s CIM Machine Learning Solution

Edmonton, Alberta, Canada (July 9, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTCQB:OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions Inc. (“OneBridge”) has teamed up with a major Canadian oil and gas pipeline operator (the “Client”) to conduct a trial use of the Company’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service (“SaaS”) solution, to investigate the use of advanced Data Science and Machine Learning technologies in conducting integrity management for segments of the Client’s pipeline system in Canada.

“Although we have several oil and gas pipeline companies in the U.S.A. who now use CIM as an integral part of their integrity management process, this Pilot represents the first use of CIM by a Canadian company” stated OneSoft CTO Brandon Taylor. “We are very excited to be working with this Client, who is one of the most progressive industry leaders in Canada and highly committed to its objectives of safety, protection of the environment and reducing pipeline incidents to zero.”

OneBridge Chief Visionary Officer, Tim Edward, added, “This project involves one of the most critical pipeline systems in Canada, which shorelines Alberta oil sands products to facilitate international sales of crude oil and refined products.”

The Pilot will be conducted over the course of several weeks and will provide an augmented approach to current integrity management processes used by the Client, through the use of revolutionary Data Science, Machine Learning, Predictive Analytics and Cloud computing technologies.

About the Client

The Client operates independently as the Canadian division of a U.S. pipeline Company. The Client’s assets include a number of pipeline systems and terminal facilities in British Columbia and Alberta. The Pilot Program is being conducted on a segment of pipeline that currently transports several hundred thousand barrels per day of crude oil and refined petroleum products, with plans to ultimately triple the transport capacity of this infrastructure.

About the Pilot Program

Pursuant to the terms of the Pilot Program agreement, OneBridge will normalize inline inspection (“ILI”) data for segments of the Client’s pipeline, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. CIM provides revolutionary Pattern Detection and Interacting Threats functionality using data science and proprietary Machine Learning algorithms, which are designed to detect threats to pipelines over time using Predictive Analytics, as well as advanced business intelligence, graphical presentations, and reporting of the data that operators require to manage their pipeline infrastructure.

The Pilot Program, using a “succeed fast/fail fast” approach, will accommodate a full evaluation of CIM by the Client within weeks, with the objective being to allow the Client to utilize CIM as a key component of its integrity management process on a trial basis while using its own data.

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) Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline 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
(647) 494-7710

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 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’s Machine Learning Technology Nominated as a Finalist For Prestigious ASTech Foundation Award

Edmonton, Alberta, Canada (July 6, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTCQB:OSSIF) is pleased to announce that its wholly-owned subsidiary OneBridge Solutions Inc. (“OneBridge”) has been selected as a finalist for the prestigious 2018 ASTech Foundation award.

“We are honoured to have been nominated for this award and have had highly supportive sponsorship from Worley Parsons, who nominated OneBridge for the award, from Phillips 66, our first Fortune 500 commercial customer, and from Microsoft, our technology and marketing partner,” said OneBridge Chief Visionary Officer Tim Edward. “Although our U.S. clients are now evangelizing the value proposition of our solutions, increasing the awareness of our Machine Learning technology in Canada is a high priority that is just now beginning to be addressed. Being nominated for the ASTech Foundation Award greatly increases the visibility of our new technology amongst Canadian pipeline operators, industry regulators, governmental agencies and the public.”
“Although we are being judged against a stellar list of finalist candidates, we are hopeful that our disruptive new Machine Learning solutions are sufficiently innovative to win an award, given that our technology greatly improves prevention of oil and gas pipeline failures, increases safety and reduces environmental damage and operational expenses, as compared to what legacy systems in use today provide” said CTO Brandon Taylor. “We appreciate the support of Worley Parsons, Phillips 66 and Microsoft for this initiative, who each wrote letters of endorsement that comprise part of our application for the Award.”

About The ASTech Foundation

The Alberta Science and Technology Leadership (ASTech) Foundation is a not-for-profit organization founded through an industry initiative in 1989 to showcase the substantial achievements in science & technology in Alberta and to promote the importance of these activities to social and economic benefit. ASTech has grown with the support of sustaining member organizations spanning major industries – including agriculture, health, education, energy and technology – all of whom recognize and celebrate innovation and excellence in Alberta. ASTech’s mission is to identify and celebrate achievements in science and technology in Alberta by creating inspiration, fostering innovation, promoting excellence, building entrepreneurship and prosperity and supporting education and training. The premiere event of its kind in Alberta, the ASTech Awards are Alberta’s most prestigious science and technology honours, and bring together 500 leaders from industry, government, media and educational institutions to honour and celebrate outstanding achievement in 10 categories covering the innovation ecosystem and sector-specific categories.

About The ASTech 2018 Awards Process

In 2018 the ASTech Foundation will present 10 awards to recognize outstanding innovation in science and technology in Alberta. These include the Core awards of Applied Technology sponsored by Southern Alberta Institute of Technology; Leader of Tomorrow sponsored by Alberta Economic Development & Trade; Sector awards of Agriculture sponsored by Dow AgroSciences Canada; Energy and Environment award sponsored by Syncrude Canada Ltd.; and Information and Communications Technology sponsored by TELUS. Sponsored awards include a cash prize of $10,000 to the winner.

The Award Categories include 6 Core Awards: Science and Engineering; Technology; Applied Technology; Start-Up; Commercial Achievement; and Leader of Tomorrow and 4 Sector Awards: Agricultural Innovation; Energy and Environmental Innovation; Health Innovation; Information & Communications Technology. Each award is subject to a very specific set of criteria which must be met or exceeded in order for the nomination to be selected as a Finalist and/or a Winner. Nominations must draw a parallel between the award criteria and the accomplishments of the nominee. The 2018 ASTech Awards Finalists and Winners will be determined by an esteemed judging panel and announced at the Awards Celebration and NextGen Innovators Showcase on October 26, 2018 at the Northern Alberta Institute of Technology’s Productivity and innovation Centre in Edmonton, Alberta.

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 (MSFT:NASDAQ) Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators 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.

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

Sean Peasgood, Investor Relations
Sean@SophicCapital.com
(647) 494-7710

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 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 Fortune 500 Company Starts Pilot Program for CIM

EDMONTON, AB / ACCESSWIRE / June 28, 2018 / OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS, OTCQB: OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions Inc. (“OneBridge”), has engaged with another Fortune 500 energy company (the “Client”) who will be conducting a proof of concept in the use of the Company’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service (“SaaS”) solution for segments of its transmission pipeline infrastructure (“Pilot Program”).

“It is very exciting to have garnered the interest of a supermajor oil and gas company to participate in our Pilot Program,” stated CTO Brandon Taylor. “We have worked closely with this Client’s and Microsoft’s personnel during the past few months, to demonstrate the high-value proposition that our Machine Learning and Data Science solution, and the advantages that shared learning through the use of Cloud computing can provide. We are very pleased that we have now progressed to the Pilot stage, which we believe may ultimately result in this Client adopting CIM to drive predictive analytics for its entire pipeline infrastructure in the future.”

About the Client

The Client is a publicly traded oil and gas company and is one of the six supermajors in the industry, ranking among the world’s largest integrated refiners, marketers of petroleum products and chemical manufacturers. The Client is recognized as a progressive industry leader, focused on innovation and digital transformation of its business, and a user of Microsoft Azure and other cloud platforms.

About the Pilot Program

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, classify features per an alias classification model, align features, and calculate anomaly growth rates. CIM provides revolutionary Pattern Detection and Interacting Threats algorithms using data science and our proprietary Machine Learning algorithms, which are designed to detect unknown threats to pipelines over time using Predictive Analytics, as well as advanced business intelligence, graphical presentations, and reporting of the data that operators require to manage their pipeline infrastructure.

The Pilot Program, using a “succeed fast/fail fast” approach, will accommodate a full evaluation of CIM by the Client within weeks. The objective of the program is to allow the Client to utilize CIM as a key component of its integrity management process during a proof of concept period using its own data. The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project.

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 (MSFT) Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators 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.

For more information, please contact

Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca
(780) 437‐4950

Sean Peasgood, Investor Relations
Sean@SophicCapital.com
(647) 494-7710

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 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 Solutions Inc. Reports Fiscal Year End Results and Provides Update and Outlook

Revenue Increases 76% Year-Over-Year; Strengthened Balance Sheet Supports Growth

Edmonton, Alberta, Canada (June 25, 2018) – OneSoft Solutions Inc. (the “Company” or “OSS”) (TSX-V: OSS, OTCQB: OSSIF), a North American developer of cloud-based business solutions, provides a business update and announces its financial results for the fourth quarter and year ended February 28, 2018. Please refer to the Audited Consolidated Financial Statements, Management’s Discussion and Analysis (“MD&A”) and the Annual Information Form for the year ended February 28, 2018 filed on SEDAR at www.sedar.com for more information. Unless otherwise stated, all dollar amounts are Canadian dollars.

FISCAL 2018 FINANCIAL RESULTS

Year Ended February 28, 2018

  • Revenue increased 76.1% year over year to $1,005,045 as a result of the Company signing its first two commercial software agreements with Fortune 500 customers during the year. The Company also reported deferred revenue of $2,153,435 in Q4 of F2018, associated with customers’ prepayments for future use of CIM and development of the Polaris solutions.
  • Gross profit more than doubled over the prior year, increasing to $910,390 from $450,230. Gross margin improved to 90.6% from 78.9%.
  • Operating expenses, after cost capitalization, increased to $3,684,333 from $2,167,801 in the prior year, as a result of the Company increasing its marketing of CIM to prospective customers, developing new functionality in the CIM product and promoting the Company to potential investors.
  • The comprehensive loss for the year was $2,880,440 and was reflective of the Company’s status as a maturing start-up, which is now transitioning from the developmental stage to a revenue generating phase.
  • The loss was financed by cash of $3,468,877 received from exercise of warrants and from an increase in deferred revenue liability of $2,153,435 from customer pre-payments for future use of and development of the Company’s solutions. The Company ended the year with cash of $3,661,057, up from $92,274 at the end of F2017.

Q4 Fiscal 2018

  • Q4 revenue increased to $283,202, a 16.4% increase from Q4 of the prior year. Gross margin in the quarter was 88.2% compared to 65.7% in Q4 of the prior year.
  • Expenses for the quarter were $1,064,327. Salaries and employee benefits increased by $210,034 while the non-cash costs decreased by $144,656.
  • The net comprehensive loss in Q4 this year was $964,462, versus $720,695 in Q4 last year. The increase in the gross profit partially offset by the increased expense was the primary reason for the change quarter over quarter.

OPERATIONAL HIGHLIGHTS FOR F2018

The Company has identified approximately 50 US-based pipeline operators with whom Microsoft (MSFT:NASDAQ) has business relationships, who collectively operate 380,000 miles of pipeline infrastructure. We are currently active in various stages of sales processes with 17 potential customers from this group who collectively operate 253,000 miles of pipeline, who are either considering, implementing or concluding Pilot Projects.

  • Two commercial licensees signed: Phillips 66 (PSX:NYSE) and a Fortune 500 company.
  • OneBridge signed an agreement with Phillips 66 to migrate Phillips 66’s pipeline management system to the Cloud and incorporate OneBridge Machine Learning and Data Science intellectual property components. OneSoft will own all rights in and to the new derivative solution (code named “Polaris”), which is scheduled for commercial release in calendar Q4 of 2018.
  • All of the Company’s 32,679,666 outstanding warrants were exercised between March 1, 2017 and March 22, 2018, raising cash of $4,040,567. Stock option holders also exercised 463,333 stock options, which generated additional cash of $58,333.
  • Management believes the Company is fully funded to execute its business and operational plans through the next fiscal year ending February 28, 2019 with no requirement for additional financing.

OPERATIONAL HIGHLIGHTS SUBSEQUENT TO YEAR-END

MANAGEMENT COMMENTARY

“We have successfully advanced collaborative efforts with Microsoft, Phillips 66 and WorleyParsons, who are all evangelizing the benefits of our technology and solutions to joint potential customers,” said Dwayne Kushniruk, CEO of OneSoft.  “We continue to see strong interest in pilot projects and commercial adoption of our CIM solution, and our new Polaris solution is on track for commercial release in the Fall of 2018. Based on the increasing awareness and current interest in our solutions by potential customers, and our strong balance sheet, we believe we have sufficient cash to achieve positive adjusted-EBITDA operations.

OUTLOOK

The Company has now entered into working relationships with three multi-billion-dollar revenue companies – Microsoft, Phillips 66 and WorleyParsons – who contribute synergistic value regarding cloud technology and sales assistance, industry operational expertise, and industry sales and marketing expertise, respectively.  These companies are all invested in our success, as OneBridge products will result in:

  • driving consumption of cloud technology, and thus revenue, for Microsoft;
  • increased operational capabilities and efficiencies for Phillips 66; and,
  • provision of a cloud software platform upon which WorleyParsons can leverage their high-value engineering services to assist their oil and gas pipeline customers to achieve better operational efficiencies through digital transformation of their businesses.

We believe that working with these companies validates the credibility of our technology and strategies and bodes well for future opportunities. Collaborative sales efforts with Microsoft and WorleyParsons to market our CIM solutions in the U.S.A., Canada, Europe, Middle East, Africa, Asia-Pacific and South America are already underway.

Our SaaS solutions have been designed to support an “economic consumption” SaaS recurring revenue business model which encourages a “land and expand” sales model.  Based on customer feedback, we developed a new pricing model, which charges customers a fixed monthly fee to enable CIM usage and additional fees arise when specific functionality is used (e.g., loading of an ILI data log, running a crack detection routine, etc.). Customers can start using our solutions for small segments of their total pipeline infrastructure before marking commitments for their entire assets infrastructure.

Our highest operational priorities in Fiscal 2019 are:

  • to release Polaris prior to calendar 2018 year-end; and,
  • to focus on initiating new pilot projects with multiple companies whom we believe can ultimately become long-term customers.

We believe our Polaris solution, integrated with CIM, will change the way oil and gas pipeline companies conduct their integrity management processes. Based on the API-AOPL Annual Liquids Pipeline Safety Excellence Performance Report & Strategic Plan, 2016  report, USD $1.6 billion was expended in 2014 for integrity management costs associated with liquid pipelines in the U.S.A. Based on our estimated ratio of 1:3 liquid to gas pipelines installed within the U.S.A., and by extrapolating the known market metrics for liquid pipelines as disclosed in the above and other reports, we estimate that annual aggregated costs associated with integrity management for the piggable segment of the U.S.A. oil and gas pipeline infrastructure [which represents our sales “sweet spot” because it already has decades of inline inspection (“ILI”) data collected] exceeds USD $7.4 billion annually and USD $11.9 billion global annually.  We believe that Data Science and Machine Learning technologies, like our CIM and Polaris solutions, may be able to disrupt a significant portion of the Evaluation, some portion of the Inspection, and potentially some portion of the Maintenance components of the legacy processes currently being used in the industry.

Please refer to our MD&A for the fiscal year February 28, 2018 for further information regarding adjusted EBITDA and our calculation of USA and global pipeline integrity management costs.

From Management’s perspective, we are very pleased with our progress to date and look forward to a productive Fiscal 2019.

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

647-494-7710

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 to deliver 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; our interpretation based on various industry information sources regarding the total miles of pipeline in the USA and globally, which segments are piggable; our understanding of metrics, activities and costs regarding evaluation, inspection and maintenance is in alignment with various industry information sources and costs of performing pipeline evaluation, inspection and maintenance in the USA are representative of those in the rest of the world, are reasonably accurate; 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 because 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.

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

OneSoft Enters Private Preview Agreements with Three Fortune 500 Pipeline Operators for Next Major SaaS Release

Edmonton, Alberta, Canada (June 4, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTCQB:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into agreements with three progressive, Fortune 500, U.S.-based, pipeline operators to participate in its Private Preview program for Polaris, the next major version of its Cognitive Integrity ManagementTM (“CIM”) software-as-a-service (“SaaS”) solution.  A two-day inaugural event was held last week at the Microsoft (MSFT:NASDAQ) Technical Center in Houston, which included a gap/fit analysis to review functionality of Polaris and the existing systems and processes currently being used by each of the Polaris Private Preview participants.

“We have completed a significant amount of the work to date to migrate Phillips 66’s on-premise system to the cloud and appreciate the assistance we received from Microsoft to accelerate this project,” stated CTO Brandon Taylor. “This Private Preview process is a highly valuable component of our development cycle. Based on our in-depth discussions and learnings at the meetings, we were very excited to learn that only a small number of functionality gaps were identified by the participants, from what has already been developed in Polaris.  Based on this, we anticipate we will execute our roadmap and release cycle, on schedule. The meetings also served to validate that Polaris offers huge improvements over the legacy systems and processes being used today, which we believe will ultimately benefit our customers and shareholders.”

The Company anticipates nominal revenue during this initial Private Preview stage for Polaris. The immediate objective is to provide a discovery period for Clients to work through the process of integrating OneBridge solutions into their pipeline integrity and management processes. We anticipate that revenue associated with Polaris will begin increasing to higher commercial value in the Company’s fourth quarter of fiscal 2019, ending February 28, 2019.  Polaris will be deployed in accordance with the Company’s SaaS business model, operating on Microsoft’s Azure cloud platform.

Potential Market

Various reports have been published by the Pipeline and Hazardous Materials Safety Administration (PHMSA), the Association of Oil Pipe Lines (AOPL) and the American Petroleum Institute (API) regarding industry costs and metrics. Based on these reports we believe that 663,000 miles of “piggable” oil and gas pipelines currently operate within the USA, for which inline inspection data can be collected. We estimate that annual aggregated costs associated with integrity management for this piggable segment of the USA pipeline infrastructure exceeds USD $7.4 billion annually, comprised of approximately $0.6 billion for Evaluation, $1.6 billion for Inspection, and $5.2 billion for Maintenance. We believe that Data Science and Machine Learning technologies, like OneBridge solutions, may be able to disrupt a significant portion of the Evaluation, some portion of the Inspection, and potentially some portion of the Maintenance components of the legacy processes currently being used in the industry.

About Polaris Private Preview Participants

Phillips 66 (NYSE:PSX) and the other two Private Preview participants are all Fortune 500, U.S.-based companies that have adopted CIM or participated in CIM pilots as part of their integrity management processes and are all progressive industry leaders that are executing digital transformation strategies within their organizations. Today, each of the participants utilize different technologies to manage their integrity management business processes, which allows OneBridge to capture and incorporate a wide cross-section of requirements and best industry practices. Current systems in use range from on-premise legacy-based systems that contain deep industry knowledge, to manual Excel-based tools that OneBridge can modernize to operate on cloud computing platforms.  Each of the participants view Polaris as a next-generation platform that utilizes Data Science and Machine Learning techniques to identify previously unknown threats to their pipeline infrastructures, enhances their ability to recruit new employees, expand their value propositions within the organization to deliver higher value engineering services.

Gap/Fit Analysis Ensures Global Applicability

As part of the Microsoft Technical Center event, OneBridge demonstrated several key Polaris features, including a gap/fit analysis to review Polaris’ functionality and the existing systems and processes currently being used by each Private Preview participant.  The overall objective was to identify gaps that might prevent participants from moving to Polaris after it has been commercially released. The involvement of three progressive U.S.-based pipeline operators provided assurance that OneBridge is gathering the necessary input, feedback, and validation that the commercial version of Polaris has a high probability of appealing to oil and gas midstream pipeline operators world-wide as an enterprise level SaaS solution.

About Polaris

As was announced on January 12, 2018, OneBridge teamed up with Phillip’s 66 to develop Polaris, an advanced pipeline integrity management SaaS solution, which involves migrating Phillips 66 ’s internal, Oracle-based, on-premise PT-DMS software solution to operate on Microsoft’s Azure cloud platform, to which certain functionality of OneBridge’s CIM solution and other Data Science and Machine Learning components will be integrated.  Polaris is designed to be an end-to-end SaaS solution for pipeline operators world-wide, with comprehensive functionality to solve pipeline integrity management business problems regarding assessment planning and tracking; analyses of data integrity for regulatory compliance and operator specific conditions; real-time audit-readiness to facilitate live and uneventful audits; instant business intelligence with natural language question and answer capabilities; and integration with other enterprise systems including PODS, GIS, security, et al. We believe that Polaris may become one of the drivers to facilitate digital transformation of our future customers, substantially reduce their operating expenses, and ensure that they can remain competitive through the adoption of modern SaaS solutions.  

Polaris is currently scheduled for commercial release to market in Q4 of calendar 2018.  OneBridge is developing Polaris as a horizontal software platform that can be used by midstream pipeline operators irrespective of size, and especially for Tier 2 and 3 pipeline operators that may not employ in-house personnel to conduct all required integrity management functions, but instead contract many of the tasks pertaining to pipeline and integrity management to third-party service firms.  OneBridge solutions are designed to be innovative and disruptive, which we anticipate will deliver highly advanced technology offerings at reduced costs, relative to what current legacy solutions and services provide today.

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 (MSFT:NASDAQ) Azure Cloud Platform.   Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators 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.

For more information, please contact

Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(647) 494-7710

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 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 CEO Presenting at the 8th Annual LD Micro Invitational Investor Conference

Los Angeles, California (FSCwire) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that CEO Dwyane Kushniruk will present the Company’s investment thesis at the 8th annual LD Micro Invitational on Monday, June 4 at 3:30PM PST / 6:30PM EST. Mr. Kushniruk will also host one-on-one investor meetings throughout the day as well as the morning of Tuesday, June 5.

“We’re excited to share our recent news since we last attended LD Micro in December 2017,” said Mr. Kushniruk. “Since then, OneSoft has teamed with Phillips 66 to develop an advanced Pipeline Integrity Management SaaS solution; another Fortune 500 company began conducting a pilot; investors exercised all their outstanding warrants solidifying our balance sheet; and, our Machine Learning solution was showcased at a Microsoft event in Brussels, Belgium for EMEA oil and gas executives. We believe OneSoft is a compelling investment for U.S. microcap tech investors, and we look forward to sharing more information with them.”

“The event is slated to be our largest Invitational to date,” stated Chris Lahiji, President of LD Micro. “When the fires caused the cancellation of our Main Event back in December, we vowed to come back even stronger. This event showcases our firm’s ability to attract the most unique and exciting names in microcap.”

View OneSoft’s profile here: http://www.ldmicro.com/profile/OSS

Profiles powered by LD Micro — News Compliments of Accesswire

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. The firm hosts several influential conferences annually (Invitational, Summit, and Main Event).

In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and micro-cap universe.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com for more information.

The conference will be held at the Luxe Sunset Bel Air Hotel, will feature 230 companies in the small-cap / micro-cap space, and will be attended by over 1,000 individuals.

About OneSoft Solutions Inc.

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”) Azure Cloud Platform.   Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service (“SaaS”) solutions.  Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators 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.

 

For more information, please contact:

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

 

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(647) 494-7710

 

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; sufficient budgeted capital expenditures to carry 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.