Interview with Brandon Taylor by Proactive Investors’ Steve Darling

OneSoft Solutions continues to see success in it’s increasing client base

OneSoft Solutions Inc (OTCMKTS:OSSIF) President and COO Brandon Taylor chats with Proactive Investors‘ Steve Darling at the 9th Annual LD Micro Invitational Investor Conference in Los Angeles, CA. The Edmonton based company is a provider of software solutions which are developed using Microsoft‘s Cloud Platform, and are primarily used to assist pipeline companies in preventing pipeline failures.

OneSoft Solutions to Present at the 9th Annual LD Micro Invitational in Bel-Air

LOS ANGELES, CA / ACCESSWIRE / May 28, 2019 /  OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTCQB: OSSIF), a North American developer of cloud-based business solutions, today announced that President and CTO Brandon Taylor will present the Company’s investment thesis at the 9th annual LD Micro Invitational on Tuesday, June 5 at 1:00PM PST / 4:00PM EST. Mr. Taylor will also host investor meetings throughout the day.

“Last week, OneSoft announced that revenue increased 109% year-over-year in the first quarter of 2019,” said Mr. Taylor. “Post quarter-end, we strengthened the balance sheet with a $9.2 million bought financing that increased our cash to $12.7 million. Since the beginning of this year we’ve added several new clients including an oil and gas Super-major, a Fortune 500 company and a large conglomerate’s subsidiary. We’ve also formalized plans to accelerate our technology road map to increase revenue potential and our competitive moat. I look forward to updating existing shareholders and meeting new potential investors when OneSoft returns to the LD Micro Invitational.”

“This year’s Invitational will showcase some of the most unique names in the financial world, from early-stage start-ups to well-established names on the national exchanges,” said Chris Lahiji, President of LD Micro. “Even though LD has emerged as one of the largest and most influential organizations in the space, our focus has never deviated from showcasing some of the more interesting businesses in the world to our ever growing community.”

The LD Micro Invitational will take place June 4th and 5th in Los Angeles, at the Luxe Sunset Bel Air Hotel, will feature 230 companies, and will be attended by over 1,000 individuals.

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


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About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space.

What started out as a newsletter highlighting unique companies has transformed into several influential events 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.

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.

LD MicroCap

OneSoft Solutions Inc. Reports Q1 2019 Results

Addition of New Customers Drives Revenue Growth of 109% Year over Year  

Edmonton, Alberta, Canada (May 23, 2019) – 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 first quarter of fiscal 2019 that ended March 31, 2019. Please refer to the interim unaudited condensed Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2019 filed on SEDAR at www.sedar.com for more information.

Effective in 2018, the Company changed its financial year-end from February 28 to December 31. The information presented in this News Release is for the three-months ended March 31, 2019 and the 3-month financial period ended February 28, 2018 (the “comparative period”). “Fiscal 2019” is the period January 1 to December 31, 2019.

Financial Summary for Q1 Ended March 31, 2019:

The following chart summarizes the first quarter ended March 31, 2019, compared to February 28, 2018:

  • Revenue of $592,302 for the quarter ended March 31, 2019 more than doubled the $283,202 reported for the comparative period. Five new customers have been added since February 2018, and more pipeline assessments were loaded in the current period versus the comparative one.
  • Direct costs, consisting of royalties related to certain components of CIM 3.0, Azure platform costs and staff labour assisting customers with the use of CIM, increased commensurately to $79,865 (13.5% of revenue) this year from $33,417 (11.8% of revenue) in the comparative period.
  • Gross margin remained strong at 86% due to high margin software revenue and compared to 88% in the comparative period.
  • Expenses net of cost capitalization increased to $1,182,866 from $787,923 in the comparative period.
  • The net comprehensive loss of $967,391 increased slightly from $964,462 in the comparative period. 
  • Cash at quarter end increased to $2,635,007, from $2,015,428 as at December 31, 2018. Cash from operating activities was $635,086 in the three months ended March 31, 2019 versus $1,613,693 in the comparative period.
  • Subsequent to the quarter, collection of a large account receivable and completion of the $9.2 million bought deal financing in April 2019 increased cash to approximately $12.7 million.

Operational Highlights for Q1 Ended March 31, 2019

Highlights for Q1 include the following:

  • On January 7, 2019 the Company announced that two new clients, including one industry Super-major1, adopted CIM solutions for long term use. Management considers the addition of the Super-major client to be a notable event, because of the stringent vulnerability assessment testing conducted by this client prior to choosing to use our solutions. We believe the credibility associated with engaging this client may assist to positively influence adoption of OneBridge solutions by other prospective customers in the future.
  • On February 20, 2019 the Company announced that a subsidiary of a large conglomerate that operates pipelines situated primarily in the mid-west U.S.A. and Texas had adopted CIM for long term use.
  • On March 25, 2019 the Company announced another Fortune 500 client addition.
  • As a result of these recent sales the Company’s client list increased during Q1 from two clients as at December 31, 2018 to six clients as at March 31, 2019, that now include one independent pipeline operator, four Fortune 500 companies, and one industry Super-major1. These clients collectively operate approximately 51,000 miles of oil and gas pipeline infrastructure for which we anticipate data will be ultimately be loaded into CIM on a staged timing basis.
  • On February 22, 2019 the Company announced that it was ranked the fourth highest top performer in the Technology sector on the TSX Venture Exchange, comprising part of the 2019 TSX Venture 50 list. 

1 Super-majors are considered to be amongst the seven largest oil and gas pipeline companies world-wide.

Subsequent to Quarter End:

Notable events subsequent to the Q1 fiscal period ended March 31, 2019 include the following:

  • On April 25, 2019 the Company closed a $9,200,000 Bought Deal Financing pursuant to a Short Form Prospectus and issued 11,500,000 common shares at $0.80 per share. Institutional investor participation accounted for approximately 75% of the financing. Please refer to the “Subsequent to Period End” section on page five of the MD&A for this period filed on SEDAR for more information in this regard.
  • The Company formalized its roadmap for its accelerated technology development plan and initiated efforts to commence the development sprints.

Business Outlook:

  • Management is optimistic that the Company is well positioned to successfully cross the “market adoption chasm” that disruptive new technologies typically experience in their quest to garner market share (refer to Company’s FYE February 28, 2018 MD&A, page 10 for further explanation). 
  • As was disclosed in the prior MD&A (for the period ended December 31, 2018) the Company stated its intention to  accelerate R&D efforts beyond the evolution of CIM functionality, once client interest for participation and appropriate funding resources have been investigated and arranged. Following the recent capital raise completed in April, 2019, the Company is now taking steps to accelerate its R&D efforts, essentially to (a) increase revenue potential from current and prospective clients; and (b) increase the Company’s technological lead over potential competitors.
  • Management’s intention is to allocate resources to fund the development of new solutions and algorithms to advance our technological lead and competitive moat, increase market potential and revenues, and enhance marketing and sales efforts and initiatives. Management believes that cash from the recent financing, coupled with revenue generation from CIM will be sufficient to fund the accelerated technology development strategy and grow the business as envisioned.
  • We believe that OneSoft’s “first mover” advantage in having developed and commercialized the first O&G pipeline integrity management solutions based on cloud computing, machine learning and data science is highly beneficial. Management will now accelerate the development of additional new technology and solutions that are accretive to CIM and will appeal to CIM clients and prospective customers. We believe our strategy to accelerate technology advancement, now feasible because of the capital raise completed in April 2019, will ultimately contribute to increased value for shareholders.
  • Whereas the Company’s current solutions are targeted at oil and gas (“O&G”) pipelines for which in-line inspection (“ILI”) data is able to be collected (the “Piggable” pipelines), the majority of O&G pipelines are managed today using “Direct Assessment” processes. The Piggable portion of U.S.A. O&G pipeline infrastructure represents only 660,000 miles, while approximately 2.1 million miles are managed under Direct Assessment. Our intention is to expand functionality of our CIM platform to include Direct Assessment, which we anticipate will increase our addressable market opportunity. We believe this opportunity extends internationally, as the U.S.A. only represents approximately 60% of O&G pipelines installed world-wide.

Please refer to the MD&A filed on SEDAR for further information and details.

AGSM Update and Grant of Stock Options

On May 22, 2019 the Company held its Annual General and Special Meeting (“AGSM”). All resolutions as set forth in the Management Information Circular distributed to shareholders prior to the meeting were passed. Following the AGSM, 275,000 stock options were granted to the Directors and Officers of the Company and 325,000 stock options were granted to senior executives as part of compensation plans. All options granted have a strike price of $0.92 per share, vest 50% on each of the grant and anniversary dates and will expire in five years if not exercised.

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 Record Revenue and Net Income for the Ten Months ended December 31, 2018


Revenue More Than Quadruples Over Last Year; Balance Sheet is Strengthened

EDMONTON, AB / March 26, 2019 / 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 ten months ended December 31, 2018. Please refer to the Audited Consolidated Financial Statements, Management’s Discussion and Analysis (“MD&A”) and the Annual Information Form for the ten months fiscal period ended December 31, 2018 (“FPE December 31, 2018”) filed on SEDAR at www.sedar.com for more information. Unless otherwise stated, all dollar amounts are Canadian dollars.

Note to reader: Effective in 2018, the Company changed its financial year-end from February 28 to December 31. The change in year-end resulted in the Company filing a one-time, ten-month transition year financial statement covering the period of March 1, 2018 to December 31, 2018. Subsequent to the transition year, the Company’s financial year will be the period January 1 to December 31.

FINANCIAL RESULTS

(in $,000)’s, per share in $Ten months
ended
December 2018
Twelve months
ended February
2018
Increase /
(Decrease)

$$%
Revenue4,3281,005330.6
Gross Profit4,143910355.0
Comprehensive income (loss)295(2,880)110.2
Weighted average common shares 
outstanding – basic (000)’s
100,72583,904
Weighted average common shares 
outstanding – diluted (000)’s
105,12083,904
Per share:
Comprehensive income (loss) – basic0.00(0.03)100.0
Comprehensive income (loss) – diluted0.00(0.03)100.0
Cash and cash equivalents2,0153,661(44.9)
Working capital2,4191,32682.5

“OneSoft’s technology is gaining traction with clients, and our financial performance has significantly improved year-over-year,” said Dwayne Kushniruk, CEO of OneSoft. “Subsequent to the year end we added 4 new clients, including a Super-major, two Fortune 500 companies and an independent operator, to increase our total pipeline data miles to approximately 51,000. This is expected to result in cash break even operations in 2019, based on the current business plan. We look forward to the continued growth of our business and sincerely thank all of our employees, clients and stakeholders for supporting our vision and objectives.”

HIGHLIGHTS FOR THE TEN MONTHS ENDED DECEMBER 31, 2018

  • Revenue more than quadrupled to $4,327,845 from $1,005,045.

  • Gross profit increased to $4,142,662 from $910,390.

  • Operating income increased to a profit of $340,686 from a loss of $2,773,943. 

  • Comprehensive income increased to a profit of $294,780 this period from a loss of $2,880,440 last year. 

  • Adjusted EBITDA2 increased to positive $876,022 this period from negative $1,795,196 last year. Adjusted EBITDA in FPE December 31, 2018 represented 20.2% of revenue.

  • FPE December 31, 2018 represents the first period of profitable operations since the Company sold its desktop computing business units and reorganized the Company to refocus on R&D initiatives to pursue and leverage machine learning, data science and cloud computing opportunities. 

  • OneSoft ended December 2018 with working capital having improved to $2,419,367, from $1,322,932 as at February 28, 2018. The Company has no liabilities other than accounts payable, accrued liabilities and deferred revenue. 

  • All remaining outstanding warrants (4,200,333) were exercised, generating $567,050 of cash for the Company and employees exercised 600,000 options, generating an additional $101,000 of cash. 

  • The Company completed its Cognitive Integrity Management (“CIM”) version 3.0 (formerly referred to as “Polaris”) development sprint in FPE December 31, 2018, on time and on budget. This was an extensive effort wherein we migrated comprehensive on-premise software applications developed by Phillips 66 to manage their own pipeline infrastructure, and integrated components of our machine learning and data science technologies to create CIM 3.0 which now operates on Microsoft’s Azure Cloud computing platform as a software-as-a-service (“SaaS”) application. CIM 3.0 provides full “cradle to grave” functionality that oil and gas (“O&G”) pipeline operators world-wide typically require to perform integrity and logistics management of their transmission pipeline infrastructure. 

  • The Company’s CIM solutions and underlying technology made significant gains with respect to positive market acceptance within the industry and the value of CIM has now been validated by numerous clients, prospective clients and industry experts.

SUBSEQUENT TO PERIOD END

Subsequent to the fiscal period ended December 31, 2018 the Company made several announcements about its business progress, as follows:

  • On March 25, 2019 the Company announced another Fortune 500 client addition, which increases pipeline data miles under multi-year contract for CIM SaaS services to approximately 51,000. 

  • On February 22, 2019, the Company announced that OneSoft Solutions had been named to the TSX Venture 50 list due to it being ranked the fourth highest top performer in the Technology sector on the TSX Venture Exchange in 2018. The 2019 TSX Venture 50 list is comprised of 10 companies from each of five industry sectors, with selection criteria based on equally weighted factors of market capitalization growth, share price appreciation and trading volume. OneSoft recorded market capitalization growth of 136% over the prior year, traded 29,408,991 shares during 2018, and the Company’s share price increased 96% year over year. 

  • On February 20, 2018, the Company announced that a subsidiary of a large conglomerate that operates pipelines situated primarily in the mid-west U.S.A. and Texas had adopted CIM for long term use. The Client is working with us to develop the most advanced cloud computing platform leveraging machine learning and data science for the integrity management of pipelines. The Client engaged in a Pilot Project using OneBridge CIM 2.0 in September 2017 and participated in the CIM 3.0 Private Preview program in 2018. The Client intends to initially operate CIM enterprise-wide in parallel with its internal systems, with a view of ultimately adopting CIM as its primary solution to manage its pipeline infrastructure later this year. 

  • On January 24, 2019, the Company published its Q3 financial report in accordance with the prior February 28 fiscal year end date, before the year end date was changed to December 31. 

  • On January 14, 2019, the Company published a business update, announcing completion of the Polaris development project. 

  • On January 7, 2019, the Company announced that two new clients, including one industry Super-major1, adopted CIM solutions for long term use. Management believes that this was a key milestone because of stringent vulnerability assessment testing conducted by the Super-major prior to choosing CIM and the credibility associated therewith, which may contribute to accelerated adoption of OneBridge solutions by other prospective customers in the future.

1 Super-majors are considered to be amongst the seven largest oil and gas pipeline companies world-wide.

OUTLOOK

OneSoft is at an important inflection point wherein the Company has commenced transitioning from its R&D focus to commercialization of its CIM solutions. Revenue growth will be commensurate with the pace of market adoption of the Company’s solutions. We believe the user experiences and strong validations of our solutions by our early adopter clients are now resonating positively within the U.S.A. marketplace, which serves to boost confidence and encourage wider industry acceptance of our new machine learning technologies and processes to replace legacy systems.

As explained in the Company’s FYE February 28, 2018 MD&A (page 9) published on SEDAR, the Oil and Gas (“O&G”) pipeline industry has an estimated annual expenditure of more than USD $600 million by U.S.A operators, and USD $1.1 billion by operators globally, dedicated to pipeline data evaluation processes. These expenditures represent the “sweet spot” for OneSoft’s CIM solution, which is a cloud computing platform optimized to perform advanced data analytics using advanced data science and machine learning technologies.

OneSoft’s challenge is to disrupt the status quo with its new technology solutions and claim market share. To disrupt established legacy technology and processes with new technology solutions, we believe it is necessary to initially offer superior software and analytics capabilities to clients at a reduced cost. Our first clients were granted special pricing, because it was necessary to onboard them in order to solicit user experience and input into our solutions, and to achieve industry validation that confirms our solutions offer a higher value proposition than legacy systems. We anticipate that revenue opportunities for our solutions will continue to increase as more clients gain confidence regarding our solutions, and as we add new functionality modules and increase market share. OneSoft’s objective is to increase our client and prospect base as quickly as possible, by continuing to pursue prospective clients in our current sales pipeline who collectively operate approximately 200,000 miles of pipeline infrastructure in the U.S.A., and work collaboratively with clients, Microsoft, WorleyParsons and other reseller partners to pursue sales opportunities in the U.S.A. and Canada and certain international markets.

Revenue metrics over the past two years indicate that recurring and repeating SaaS revenues equated to approximately $100 per mile per year of pipeline data (“data mile”) processed. While we do not have enough data points to accurately project future data mile revenue metrics, we believe that historic figures can reasonably be assumed for general planning purposes and anticipate that revenue per data mile metrics may increase as our software functionality enhancements generate incremental revenue opportunities.

Fiscal 2019 Expectations

The Fiscal 2019 operational plan focuses on Evolving CIM Solution Functionality, contracting new clients and pursuing R&D to Commercialize Cognitive Learning. The R&D projects will be initiated once client participation and appropriate funding for required resources is determined.

We believe that our efforts to date have positioned the Company to evolve the CIM platform for future opportunities and commence significant revenue growth. We anticipate that recurring and repeating revenue associated with CIM clients will increase in Fiscal 2019, and that other revenue potentially derived from software trials will continue to be sporadic, in accordance with historic experience.

New R&D sprints commenced in Fiscal 2019 are expected to be ongoing beyond the Fiscal 2019 year-end, with incurrence of associated R&D costs, and that similarly to the CIM 3.0 project, part of the development costs may potentially be funded in some manner by early-adopter customers. Recognition of revenue associated with these development sprints, if any, is not likely to occur until Fiscal 2020.

In summary, the Company’s strategies, business, technology and operational plans for Fiscal 2019 have all been crafted to increase shareholder value through achievement of two key objectives: (a) increasing our technological lead, which we believe is significant; and (b) increasing market share and revenues.

Management expects the Company will achieve a cash break even scenario in Fiscal 2019 based on the current business plan.

CALCULATION OF ADJUSTED EBITDA:


Month ended
December 
31,2018
Three months ended
February 
28,2018
Ten months ended
December
31,2018
Year ended
February 
28,2018
Comprehensive income (loss)2,528,592(964,462)294,780(2,880,440)
Add (subtract):
Depreciation and amortization22,360(79,826)221,933385,304
Stock based compensation35,379101,629386,510445,367
Impairment of intangible assets254,601254,601
Interest income(2,320)(28)(27,201)(28)
Adjusted EBITDA2,584,011(688,086)876,022(1,795,196)

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.

LD MicroCap

OneSoft Subsidiary Announces Adoption of CIM By Another Large N.A. Pipeline Operator

EDMONTON, AB | OneBridge Solutions Inc. (“OneBridge”), a wholly owned subsidiary of OneSoft Solutions Inc. (TSX-V:OSS; OTCQB:OSSIF) (the “Company” or “OneSoft”) is pleased to announce that another Houston–based pipeline operator (“Client”), has adopted OneBridge’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service solution for long-term use for its U.S.A. and Canadian operations.

“The client, one of the largest high growth midstream pipeline operators in North America, is enhancing its internal systems to operate its pipeline business with a focus on increasing safety, reliability and efficiency,” states OneBridge President, Tim Edward. “Adoption of our cutting-edge machine learning and data science technologies is part of its digital transformation initiative to evolve internal integrity management and operational processes.”

OneSoft President and COO, Brandon Taylor added, “The addition of this client signifies another significant milestone for OneSoft, for a few reasons. Firstly, we estimate that aggregate CIM usage amongst our commercial CIM clients will exceed 50,000 miles once this client loads all of their data, which meets our volume objective for fiscal 2019 early in the year. Secondly, working with this client provides us the opportunity to enhance regulatory-associated functionality of CIM, and thirdly, this client marks the first instance of long term CIM use involving Canadian pipeline infrastructure.”

About The Client

The Client, a Houston-based Fortune 500 master limited partnership group, owns and operates crude oil, natural gas liquid and natural gas midstream pipeline assets in the U.S.A. and Canada, as well as associated terminal, storage and gathering infrastructure.

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 Solutions to Present at the 2019 LD Micro Virtual Conference

LOS ANGELES, CA / ACCESSWIRE / March 12, 2019 / OneSoft Solutions Inc. (TSX-V: OSS.V; OTCQB: OSSIF) (the “Company” or “OneSoft“), today announced that it will be presenting at the second annual LD Micro Virtual Conference on Wednesday, March 13, 2019 at 10am PST/ 1pm EST. President and COO Brandon Taylor will be giving the presentation and answering questions from investors.

You can access the live presentation at the following link: OneSofts LD Micro Virtual Presentation.

To register for the event and receive updates, click here.

“The solutions we developed in collaboration with Phillips 66 are gaining increased momentum and resulted in a recent balance sheet cash infusion,” said Mr. Taylor. “In January, we reported a record revenue quarter, and momentum for our solutions continue; this year, we’ve already signed two new clients, including one energy industry Super-major, and a U.S. conglomerate. We’re excited to share these developments with existing and prospective investors at the second annual LD Micro Virtual Conference.”

“We are delighted to be hosting our second virtual event in order to showcase some of the truly unique names in micro-cap,” stated Chris Lahiji, President of LD Micro. “There are a great number of people and companies who are unable to attend our live events, due to any number of reasons, so we are happy to offer an additional way for companies to present to investors without taking a lot of time out of their day-to-day operations. While virtual events will never replace the experience of sitting in the same room as other humans, it is a great format for updating the investor community and getting increased exposure.”

The conference will be held via webcast and will feature over 40 companies in the small / micro-cap space.

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

Profiles powered by LD Micro – News Compliments of Accesswire

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 counter parties 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.

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting 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 microcap universe.

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

OneSoft Ranks 4th in the Technology Sector on the 2019 TSX Venture 50

Edmonton, Alberta, Canada (February 22, 2019) – OneSoft Solutions Inc. (TSX-V:OSS; OTCQB:OSSIF) (the “Company” or “OneSoft”) is pleased to announce that the Company has been ranked  the fourth highest top performer in the Technology sector on the TSX Venture Exchange.  The 2019 TSX Venture 50 list is comprised of 10 companies from each of five industry sectors, with selection criteria based on equally weighted factors of market capitalization growth, share price appreciation and trading volume. OneSoft recorded market capitalization growth of 136% over the prior year, traded 29,408,991 shares during 2018, and the Company’s share price increased 96% year over year.

“Qualifying for the TSX Venture 50 is a great honor and achievement, particularly by having reached this milestone so early in our pursuit of new cloud computing software opportunities. Our participation in Microsoft’s first Acceleration program for machine learning and data science, followed by the adoption of our revolutionary solutions by five prominent clients to date, including Fortune 500 companies and an industry super-major, has set the stage for continued success for all of OneSoft’s stakeholders as we progress from our R&D phase to focus on revenue growth,” stated Dwayne Kushniruk, CEO. “We greatly appreciate the contributions of our employees and support of our shareholders and clients who embrace our vision, and thank the TSX Venture Exchange for this recognition.”

For the full 2019 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit: www.tsx.com/venture50.  Click here to see OneSoft’s video.

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.

U.S. Conglomerate Licenses OneSoft’s SaaS for Pipeline Integrity Management

OneSoft Adds Fifth CIM Licensee

Edmonton, Alberta, Canada (February 20, 2019) – OneBridge Solutions Inc. (“OneBridge”),  a wholly owned subsidiary of OneSoft Solutions Inc. (TSX-V:OSS; OTCQB:OSSIF) (the “Company” or “OneSoft”) is pleased to announce that another software trial client (the “Client”) has adopted OneBridge’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service solution for long-term use. The Client is a subsidiary of a large conglomerate that operates pipelines situated primarily in the mid-west U.S.A. and Texas.

“We have been working with this Client to develop what we believe is the most advanced cloud computing platform that leverages Machine Learning and Data Science for management of pipelines,” said OneSoft President and COO, Brandon Taylor. “We look forward to continued collaboration with their team members as we continue to enhance our solutions, for the benefit of the oil and gas pipeline industry and our business.”

The Client engaged in a Pilot Project using OneBridge CIM 2.0 in September, 2017 and subsequently began participating in the CIM 3.0 Private Preview program 8 months later, wherein OneBridge migrated software intellectual property provided by Phillips 66 to function as a cloud solution. The Client intends to initially operate CIM enterprise-wide in parallel with its internal systems, with a view to ultimately adopt CIM as its primary solution to manage its pipeline infrastructure later this year.

“Having previously developed an internal comprehensive on-premise software system to manage their pipelines, the Client is recognized as one of the most progressive pipeline operators in the U.S.A.,” said OneBridge President, Tim Edward.  “Their team has provided valuable expertise and user feedback that greatly assisted the CIM 3.0 development project, for which we are most appreciative.”

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 Solutions Inc. Reports Record Revenue Quarter for the Three Months ended November 30, 2018


Sales Momentum is Accelerating Following the Completion of CIM 3.0

EDMONTON, AB / January 24, 2019 / 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 nine months ended November 30, 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 nine months ended November 30, 2018 filed on SEDAR at www.sedar.com for more information.

FINANCIAL SUMMARY FOR THE THREE AND NINE MONTHS ENDED NOVEMBER 30, 2018

The following chart summarizes the third quarter ended November 30, 2018, compared to November 30, 2017:

  • Revenue for the quarter increased 95.4% year-over-year, from $260,343 to $508,732, primarily due to a near doubling of the Company’s revenues from Cognitive Integrity ManagementTM (“CIM”) solution.

  • Gross profit for the quarter increased 82.5% year-over-year, from $215,944 to $394,153. Gross margin remained strong at 77% this quarter as the Company continues to benefit from high software margins. 

  • Expenses for the quarter increased 30.7% year-over-year, due to additional staff hires, general and administrative expense, and increases in internal use Azure costs and sales and marketing expenses. Azure usage was cost-free in the comparative quarter last year, as the Company was still exhausting its USD $0.5 million Azure credit granted by Microsoft pursuant to the Company’s participation in Microsoft’s Accelerator program. 

  • The comprehensive loss for the quarter was $738,084 as compared to $629,229 in Q3 last year. 

  • Ended the quarter with $2.2 million of cash, no debt, and no outstanding warrants.

“Third quarter revenues nearly doubled year-over-year and we believe the Company is well-positioned to accelerate growth,” said Dwayne Kushniruk, OneSoft’s CEO. “We made important advancements during the quarter by engaging four prospective clients to participate in Cognitive Integrity ManagementTM (“CIM”) software trials and signing our first commercial client for CIM 3.0. Our product development work during the quarter resulted in completion of our more feature-rich CIM 3.0 solution, which in turn has led to the engagement of additional commercial clients. We expect cash to increase by approximately $1.5 million within the next month as a result of these and other developments.” 

On October 30, 2018, OneBridge won the prestigious 2018 ASTech Foundation award which included a $10,000 prize, for Outstanding Achievement in Energy and Environmental Innovation.

OPERATIONAL HIGHLIGHTS IN THE QUARTER ENDED NOVEMBER 30, 2018

  • Focused on the Phillips 66 PT-DMS software development project, which we completed in December 2018.

  • Advanced CIM 3.0 marketing and sales efforts, both directly with prospective clients and collaboratively with our sales partners, Microsoft and WorleyParsons. 

  • On September 24, 2018, the Company engaged its first multi-year client for CIM 3.0 and subsequently released CIM 3.0 for general commercial availability on October 18, 2018.

  • As announced on September 17, 2018, the Company engaged four potential clients in software trial programs, who collectively operate 68,000 miles of oil and gas pipeline infrastructure in North America. 

  • Engaged a consulting firm to help the Company improve its sales processes, including comparing the value proposition of CIM solutions with systems currently used by prospective clients to maintain their pipeline assets. The objectives are to quantify and articulate the value that CIM, digital transformation, and cloud computing can provide to such clients, and to identify avoidable costs that use of CIM might prevent. This project may result in revised pricing for the Company’s solutions in the future.

SUBSEQUENT TO QUARTER END

BUSINESS OUTLOOK

The Company’s past research and development (“R&D”) activities and focus on early innovator and adopter clients is evolving to position the Company for growth. While revenue was minimal during the Company’s R&D phase, we anticipate that revenue growth will begin to accelerate as more clients adopt our solutions.

With four clients (including several Fortune 500 companies and one Super-major) now contracted to use our technology, we believe OneBridge solutions has achieved a milestone that will assist in the pursuit of greater wins with large companies. We are optimistic for near-term progress in this regard for several reasons:

  • As the experiences of our innovator and early adopter clients becomes known within the industry, and particularly considering those who are highly regarded as leaders in innovation by industry peers, reluctance to embrace our new technology solutions is anticipated to diminish. Whereas relatively few companies wish to incur risks associated with being first, the majority of companies tend to adopt once the value of new technology is proven by industry leaders.
  • A number of our prospective customers have been engaged in sales processes for many months and are approaching decision points. These interactions have provided valuable insight into a wide range of client operational strategies, as well as access to a vast amount of data, which has allowed us to refine our machine learning algorithms and thereby deliver continually enhanced functionality based on shared learning for clients. Analyses of data from multiple operators that represent a wide range of operational logistics is highly advantageous over single operator or single inspection tool datasets. Access to this data also gives us a competitive advantage over future potential competitive machine learning solutions. Our algorithms allow operators to retain their data confidentiality, while still benefiting from the shared learning that is gleaned across all operators’ data. We believe that this is a primary consideration that may eventually motivate even the pipeline operators who currently depend on in-house software systems to adopt CIM, as their analyses will only ever contemplate their own data, without access to benefits of shared learning.
  • We believe that being first to market with validation by industry leaders, collaboration with key technology and sales partners with global reach, and a strategy to continue to deliver cutting-edge technology solutions, collectively provide a significant competitive advantage that the Company will be able to leverage for the foreseeable future.

As announced in October 2018, Management has changed the Company’s year end from February 28 to December 31, to synchronize with common fiscal reporting periods for technology and oil and gas companies as well as to align our sales activities with customers’ budget cycles and better facilitate analysis of our Company amongst industry peers. For the 10-month fiscal year ending December 31, 2018, revenue is expected to quadruple over the prior fiscal year (comprising 12 months of operations), to exceed $4 million. This revenue bump results from the recognition of $2 million of deferred revenue previously recorded, additional revenue associated with the Polaris development project, and other sales. While the revenue bump is not all SaaS recurring revenue, it is conceivable that the Company may undertake similar development projects in the future which may produce similar revenue events.

As a result of these and other recent operational events, the Company expects cash to increase by $1.5 million, to approximately $3.3 million by the end of February 2019. Management’s objective is to achieve cash positive operations during calendar 2019 through on-boarding of new clients, and we anticipate the Company will not require further financings to fund the business plan as currently envisioned.

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.

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.

LD MicroCap

OneSoft Completes Key Development Project Cash Infusion Strengthens Balance Sheet

Cash Infusion Strengthens Balance Sheet

EDMONTON, AB / January 14, 2019 / OneSoft Solutions Inc. (TSX-V: OSS; OTCQB: OSSIF) (the “Company” or “OneSoft”) is pleased to announce that its wholly owned operating subsidiary, OneBridge Solutions Inc. (“OneBridge”), has achieved a significant business development milestone by completing the Polaris development project initiated with Phillips 66 Company in January, 2018.

Pursuant to the terms of the agreement entered into at the commencement of the Polaris project, Phillips 66 has now replaced its internally developed PT-DMS software with CIM 3.0, a cloud based pipeline integrity management application incorporating:

  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.to manage integrity and maintenance of its pipeline assets.

Completion of Polaris will enable OneBridge to recognize revenue in December 2018 earned from the development project.

“We are pleased to have completed the Polaris development project, wherein Phillips 66’s internal software IP has been migrated to the cloud as our CIM 3.0 solution,” stated OneSoft President and COO, Brandon Taylor. “This was an extensive project that progressed flawlessly, thanks to the dedication and cooperation of all involved. I’d like to extend my deep appreciation to the Phillips 66, Microsoft and OneBridge personnel who contributed their talents and efforts to assist in completing the effort, on time and on budget.”

“Several clients have adopted CIM after lengthy and comprehensive investigation of our solutions through Pilot and Private Preview programs,” added OneBridge President, Tim Edward. “Our software trials have demonstrated the high value proposition that Machine Learning and advanced Data Analytics can provide over conventional systems. It is certainly encouraging that four industry-leading clients, including Fortune 500 companies and one industry super major, have chosen CIM as their core system to maintain and manage their pipeline assets. We believe we may be approaching a tipping point whereby reluctance to adopt our revolutionary solutions is fading as more industry leaders embrace them.”

Dwayne Kushniruk, OneSoft CEO, remarked, “Completion of this development sprint and the engagement of new clients as announced last week are milestone events and substantiate that our plans to progress the Company are occurring as anticipated. These events serve to elevate the credibility of our cutting-edge technology which we expect will assist to accelerate future sales and revenue growth.”

Cash Balance Expected to Increase to $3.3 Million

Management previously announced its intention to revise the Company’s fiscal year-end From February 28 to December 31, to coincide with year-ends commonly used by clients and other industry vendors. As a result of recent operational events, revenue for the revised fiscal year ended December 31, 2018 (for ten months of operations) will quadruple over the prior fiscal year (12 months of operations), to exceed $4 million. This revenue bump arose from recognizing $2 million of deferred revenue previously recorded and additional revenue associated with the Polaris development project, and other sales. While the revenue bump is not all SaaS recurring revenue, it is conceivable that the Company may undertake similar development projects in the future which may produce similar revenue events.

As a result of these recent operational events, the Company expects cash to increase by $1.5 million to approximately $3.3 million within the next month. Management’s objective is to achieve cash break-even status during calendar 2019 through on-boarding of new clients, and we anticipate the Company will not require further financings to fund the business plan as currently envisioned.

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.

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