OneSoft Solutions to Present at Planet Microcap Showcase 2018 on April 25 in Las Vegas

Edmonton, Alberta, Canada (April 19, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce its participation in the Planet MicroCap Showcase at 3:00 pm PST (6:00 pm EST) on Wednesday, April 25, 2018 at the Planet Hollywood venue in Las Vegas, Nevada. Planet MicroCap conferences provide investors with direct access to management teams from some of the fastest-growing micro-cap companies in North America, and OneSoft’s CTO Brandon Taylor will represent the Company at the conference as well as meet with investors in a series of one-on-ones scheduled for the following day (April 26, 2018).

“Over the past few months we have made significant progress to advance our business including entering into CIM usage agreements with Phillips 66 and another Fortune 500 company, engaging in several pilot projects with other US-based pipeline operators; teaming up with Phillips 66 to migrate their on-premise software to the Cloud as a comprehensive, new OneBridge solution; and teaming up with WorleyParsons to market our solutions in Canada and select international markets” said Mr. Taylor. “Our investors have exercised all outstanding warrants, solidifying our balance sheet to execute our business plan. We look forward to attending the Planet MicroCap Showcase to meet with current investors and followers and to introduce new investors to our Company.”

For those interested in meeting with OneSoft management, please contact Robert Kraft at rkraft@snnwire.com (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information.

About Planet MicroCap Showcase

Planet MicroCap Showcase brings together promising companies with well-known/influential microcap investors, fund managers and newsletter writers for three days of company presentations, one-on-one meetings, and networking in the nation’s #1 destination for meetings and entertainment.

The conference will be held April 24-26, 2018 at the Planet Hollywood Resort & Casino in Las Vegas, NV – 3667 S Las Vegas Blvd., Las Vegas, NV 89109.

If you would like to attend the Planet MicroCap Showcase, please send an email to rkraft@snnwire.com or call (424) 227-9018.

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.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 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.

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

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

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

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

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

 

About WorleyParsons

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

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

 

About Polaris

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

 

About OneSoft and OneBridge

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

Visit www.onesoft.ca for more information.

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

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

Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca

(780) 437-4950

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

 

Forward-looking Statements

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

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

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

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

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

OneSoft Solutions Inc. – Unaware of Any Material Change

Edmonton, Alberta (FSCwire) – At the request of IIROC, OneSoft Solutions Inc. TSX-V:OSS, OTCQB:OSSIF (“OneSoft” or the “Company”) wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to report at this time. The Company will keep the market informed as required.

About OneSoft and OneBridge

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

Visit www.onesoft.ca for more information.

The Company’s wholly-owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use data science, Machine Learning, predictive analytics and big data to assist Oil & Gas pipeline industry 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

(416) 565-2805

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

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

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

Management Commentary

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

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

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

ABOUT THE CLIENT

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

ABOUT THE CIM PILOT PROJECT

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

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

About OneSoft Solutions and OneBridge

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

Visit www.onesoft.ca for more information.

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

Visit www.onebridgesolution.com for more information.

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

Forward-looking Statements

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

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

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

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

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

 

OneSoft to Present at Cantech Investment Conference – CEO Presenting Investor Thesis

Edmonton, Alberta, Canada (January 26, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTCQB:OSSIF) is pleased to announce its upcoming attendance at the fifth annual Cantech Investment Conference 2018 on January 31, 2018 at the Metro Toronto Convention Centre. OneSoft CEO Dwayne Kushniruk will present the Company’s investor thesis at 4:20pm on the Paradigm Innovation Stage.

“We are excited to return to Cantech to meet investors,” said Mr. Kushniruk. “Since attending Cantech last year, OneSoft created significant catalysts to propel the Company’s progress including: teaming with Phillips 66 to commence developing a new SaaS solution which will utilize Phillip’s internally-developed pipeline integrity management system and our proprietary data science and machine learning technology; signing two Fortune 500 pipeline companies as customers and conducting new pilot programs with other pipeline operators. Microsoft continues to assist with our marketing and sales efforts world-wide. We look forward to updating the investors we met last year as well as meeting new investors interested in our Company and projects.”

Investors will have an opportunity to meet OneSoft representatives at the Company’s booth (#401) during the day. Investors can also meet with OneSoft investor relations representatives at the Sophic Capital booth (#403).

About Cantech Investment Conference 2018

Cantech Investment Conference 2018 is Canada’s largest technology investment conference, which is expected to bring together over 3,500 attendees and engaged investors with more than 100 leading technology companies. Meeting attendees have invested over $1 billion in Canadian tech companies since the advent of the conference 5 years ago. For more information, please visit www.cambridgehouse.com

 

Event: Cantech Investment Conference 2018

Date: Wednesday, January 31, 2018

Booth: #401

Feature Presentation: 4:20 pm ET at the Paradigm Innovation Stage

Venue: Metro Toronto Convention Centre, 255 Front Street West, Toronto, Canada.

Event Hours: 8:30am – 5:30pm

 

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

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc. develops and markets revolutionary new SaaS solutions that use data science, Machine Learning, predictive analytics and ILI big data to 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

(416) 565-2805

 

Forward-looking Statements

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

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

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

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

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

Onesoft Solutions Inc. Reports Financial Results for the Three Months and Nine Months Ended November 30, 2017 and Provides Business Update

Edmonton, Alberta, Canada (January 25, 2018) – OneSoft Solutions Inc. (the “Company” or “OSS”) (TSX-V: OSS, OTCQB: OSSIF), a North American developer of cloud-based business solutions, announces its financial results for the three and nine months ended November 30, 2017 and provides a business update. The financial results for the quarter, including a review and update to previously published forward looking information, are explained in detail in the Management’s Discussion and Analysis for the quarter ended November 30, 2017 filed on SEDAR at www.sedar.com. Unless otherwise stated, all dollar amounts are Canadian dollars.

Q3 2018 HIGHLIGHTS

  • OneSoft’s subsidiary, OneBridge Solutions Inc., entered into a multi-year agreement to provide commercial use of Cognitive Integrity ManagementTM (“CIM”) to Phillips 66 Company, a Fortune 500 company.
  • Engaged several pilot project programs with pipeline operators, including a U.S.A. – based Fortune 100 Company.

Management COMMENTARY

“We’re pleased with how the pipeline industry has begun to adopt CIM” said OneSoft CEO Dwayne Kushniruk. “Our working relationship with Phillips 66 to develop a new SaaS solution incorporating data science and machine learning has commenced, Microsoft continues to assist with our marketing and sales initiatives, and we have several pilot programs underway that we believe will generate long term customers. Investor reaction to this progress has been positive, and with a current cash balance of $2.3 million and the activity that is now underway, we have great confidence that our Company is poised for success.”

HIGHLIGHTS SUBSEQUENT TO Q3 2018

  • We entered into an agreement with Phillips 66 to develop a comprehensive pipeline Integrity Management Program (“IMP”) software application;
  • A Fortune 500 company engaged CIM as an integral component of its integrity management process;
  • A Fortune 500 company engaged in a pilot program to use CIM on a trial basis;
  • We are working through various stages of marketing and sales processes with approximately 30 prospective customers who collectively operate 349,000 miles of pipeline in the USA.

MICROSOFT RELATIONSHIP CONTINUES TO GROW

  • We demonstrated CIM to Microsoft field sales personnel who focus on oil and gas customers;
  • We are now working with numerous USA-based field sales personnel to introduce CIM to enterprise level companies with whom Microsoft has customer relationships, representing in aggregate approximately 581,000 miles of pipeline infrastructure in the USA;
  • Microsoft has provided funding for certain OneBridge marketing and sales programs;
  • Microsoft has organized demonstrations of CIM to potential customers in USA, Canada, Europe, Middle East and Africa;
  • Microsoft hosted conferences at its technology centers in Houston and Calgary that showcased OneBridge products, machine learning, data science and cloud computing technologies to potential customers;
  • Microsoft has committed to co-host with OneBridge and present CIM and Azure technologies at the Pipeline and Pigging Integrity Management conference (“PPIM”) scheduled for the last week of January 2018 in Houston, Texas.

Onebridge teams up with PHILLIPS 66 to develop IMP and incorporate data science and machine learning

  • We are working collaboratively to migrate Phillips 66’s internal solution to the cloud and integrate OneBridge proprietary data science and machine learning components;
  • We expect to benefit greatly from the expertise and contributions of Phillips 66 personnel to this project;
  • We envision IMP to be a comprehensive solution addressing the integrity management functions that pipeline operators require.
  • We anticipate that IMP will serve Tier 1 customers who typically develop software and systems internally to manage their pipeline integrity management processes, as well as Tier 2 and Tier 3 companies who typically engage outside contractors to conduct these processes;
  • Teaming up with Phillips 66 provides OneBridge the opportunity to transition and embed a significant amount of industry expertise and enables a technology transfer from the software that Phillips 66 has developed over the years to IMP;
  • OneBridge will own the intellectual property and all other proprietary rights associated with IMP.

SELECT FINANCIAL RESULTS FOR THE 3 and 9 month periods ended November 30, 2017

UPDATED FINANCIAL GUIDANCE

In our Q4 MD&A report for fiscal year ended February 28, 2017 we disclosed financial objectives for fiscal year ending February 28, 2018 (“Fiscal 2018”), based on our assessment of a multitude of business assumptions and factors at that time. As the year has progressed, we found that some of the factors we based assumptions on did not transpire as expected, most notably the length of sales cycles required to engage new customers. This caused us to pivot to create and pursue our Pilot Program, allowing us to engage new customers to trial our SaaS solution more quickly, but at reduced revenue levels in the immediate term. As a result, income objectives that Management believed possible and disclosed in Q4 of the prior fiscal year have not been achieved as anticipated during the year. Although our income objectives are not likely to be achieved, the cash flow objective and projected cash balances as at the end of Fiscal 2018 are likely to be met as were predicted and published in the Q4 2017 report.

PROJECTS IN PROGRESS

OneBridge is currently tracking potential customers who collectively operate approximately 581,000 miles of pipeline infrastructure in the USA, of which approximately 30 prospective customers collectively operating 349,000 miles of pipeline are in our currently active sales process.

We also continue to have ongoing discussions with several organizations that may potentially provide synergistic future sales and business opportunities for OneBridge technology and products. These potential reseller partners include consulting firms who currently use legacy software and processes to provide contract integrity management services to pipeline operators, engineering consulting firms who may wish to private label OneBridge technology and products as their own offering, joint venture partners who may wish to work collaboratively with OneBridge to provide CIM services to customers delineated by country or other market segmentations, and certain other vendors that serve the pipeline industry who may wish to pursue synergies with OneBridge.  Such advancements are currently tentative and will be disclosed should we conclude any arrangements or contracts with these prospects.

From a corporate development perspective, we continue to pursue and investigate initiatives that foster value creation for our shareholders, including synergistic joint ventures and potential merger and acquisition scenarios.

With our present cash balance of $2.3 million, management believes that the Company will have adequate funding to execute strategies for operational growth as envisioned, and that the Company will be sufficiently financed to achieve cash positive operations.

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair       

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

780-437-4950

 

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided 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, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

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

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

 

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

OneBridge to Present with Microsoft at PPIM 2018 Conference

Edmonton, Alberta, Canada (January 24, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS), is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), will be presenting its software solutions to potential new customers at the 30th International Pipeline Pigging & Integrity Management (“PPIM”) Conference to be held at the George R. Brown Convention Centre and the Marriott Marquis Hotel in Houston, Texas between January 29th and February 1 , 2018. OneBridge Canada President Tim Edward and OneBridge USA President Brandon Taylor and Microsoft representatives will co-host demonstrations at their shared booths.

Microsoft’s specialized oil and gas sales personnel who work out of Microsoft’s Houston-based Technology Center will be present at OneBridge’s trade booths (#549 and #648).

Management Commentary:

“PPIM is a one-stop global event for the pigging and integrity management industry,” said Tim Edward. “We are excited to work collaboratively with Microsoft teams again this year to demonstrate phase two of our Cognitive Integrity Management (“CIM”) solution and to explain the advantages and benefits of using new machine learning technology based on Microsoft’s cloud platform and services.”

OneBridge will present its Cognitive Integrity Management solution

  • OneBridge will present its CIM software solution which utilizes Machine Learning and other Data Sciences to ingest inline inspection (“ILI”) data, match anomalies run over run and uses predictive analytics to assist pipeline operators to achieve their objective of zero pipeline failures.
  • OneBridge will also be presenting information about phase two of its CIM solution. OneBridge recently announced a working relationship with Phillips 66 and phase two will be a product of that relationship. This new phase will provide pipeline assessment plan tracking, integrity compliance, and threat tracking.

PPIM is the largest pipeline integrity conference in the world.

  • PPIM Conference is devoted exclusively to pigging for pipeline maintenance and inspection, as well as pipeline integrity evaluation and repair.
  • More than 2,000 engineering management and field operating personnel from both transmission and distribution companies concerned with improving operations and integrity management, and manufacturers and suppliers from around the world are expected to attend PPIM, to learn about the latest in technology and field experience presented by industry leaders. Attendees can also update their knowledge and skills at numerous training courses offered at the conference
  • Presentations by leading industry participants will include ILI data assessment, external coating inspection with ILI tools, new regulations, and transformative technologies.

About OneSoft Solutions and OneBridge

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

Visit www.onesoft.ca for more information.

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

Visit www.onebridgesolution.com for more information.

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

 

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

Forward-looking Statements

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

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

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

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

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

OneBridge Teams Up with Phillips 66 to Develop Advanced Pipeline Integrity Management SAAS Solution

Edmonton, Alberta, Canada (January 12, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into a technology license and joint development agreement with Phillips 66 to create a comprehensive pipeline integrity management software application, by migrating Phillips 66’s current pipeline data management system (“PT-DMS”) to a cloud-based software-as-a-service (“SaaS”) solution and integrating Machine Learning and other Data Science technologies into the application (“Integrity Management Solution” or “IMP”). IMP will be designed to integrate transparently with OneBridge’s Cognitive Integrity ManagementTM (“CIM”) solution and is targeted for use globally by oil and gas pipeline operators.

“This development project with Phillips 66 represents an important milestone for OneBridge,” said Tim Edward, President. “Our vision at the outset was to develop a cloud application that enables pipeline operators to manage their pipeline assets as smart infrastructure.  CIM’s machine learning and data science components made achievement of this objective possible, and integration of these components to leverage the high level of industry expertise embedded in PT-DMS will further evolve our vision.”

“We are pleased and encouraged that Phillips 66 chose OneBridge to help advance their pipeline integrity platform” said Brandon Taylor, CTO of OneBridge.  “PT-DMS is one of the most comprehensive and sophisticated pipeline management solutions within the industry today, which will ease migration to the cloud and reduce time-to-market for IMP. Microsoft continues to provide strong technical, marketing and sales support for OneBridge products, and we will continue to leverage the latest Azure and data science technology in the development of IMP.  We are grateful for both Phillips 66’s and Microsoft’s collaborative efforts to assist us to create software to advance the pipeline industry’s collective objectives of operating cost reduction and zero pipeline failures.”

 

About the Integrity Management SaaS Program

 

PT-DMS is a comprehensive, on-premise software solution developed by Phillips 66 as a key tool to aid in its pipeline infrastructure management process. The software addresses numerous key functional areas including: assessment plan tracking; maintaining assessment attributes; integrity management process planning based on multiple tool technologies; planning and scheduling activities for internal engineers, field teams, and tool vendors; analyses of data integrity in compliance with API 1163 regulations, general industry standards, internal company policies and priorities; anomaly worklist tracking that accommodates specific actions on a per anomaly basis; and all reporting associated with these functions. PT-DMS also addresses supporting functions including data ingestion tools; GPS and data maintenance utilities; workflows; job process queues; integrated security; and other peripheral features and functions that further supplement data management and tasks addressed by PT-DMS.

Pursuant to the terms of the agreement, OneBridge will migrate PT-DMS onto Microsoft’s Azure Cloud Platform and Services to create IMP, which will be designed to integrate seamlessly with CIM. The development project will commence immediately, with the expectation to engage private preview customers to provide input and feedback commencing in calendar Q2 2018, with market commercial availability of the initial version of IMP projected to occur in calendar Q4 of 2018. OneBridge believes that CIM and IMP will provide compelling, comprehensive and cost-effective solutions for Tier 1 oil and gas pipeline operators that wish to accelerate their digital transformation, and also for Tier 2 and Tier 3 pipeline operators that typically engage outside consultants for integrity management services rather than allocate the significant resources required to internally develop complex software systems to manage their pipelines.

About OneSoft Solutions and OneBridge

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

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

Visit www.onebridgesolution.com for more information.

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

 

Forward-looking Statements

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

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

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

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

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

 

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

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

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

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

About OneSoft Solutions and OneBridge

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

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

Visit www.onebridgesolution.com for more information.

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

Forward-looking Statements

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

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

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

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

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

 

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

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

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

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

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

About the Client

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

About the CIM Pilot Project

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

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

About OneSoft Solutions Inc.

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

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

 

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

 

Forward-looking Statements

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

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

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

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

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