Edmonton, Alberta, Canada (November 16, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS; OTCQB: OSSIF) announced today that it has appointed Sophic Capital Inc. (“Sophic Capital” or “Sophic”) as its Investor Relations (IR) firm. Sophic Capital is a capital markets advisory firm and will focus on increasing investor awareness of OneSoft by developing a comprehensive communications strategy and introducing OneSoft to investment advisors, investment dealers, institutions, and other financial professionals.
“Sophic Capital demonstrated tremendous support for OneSoft, having visited us at a major pipeline conference in Houston earlier this year and have a deep knowledge base about our technology and markets,” said Dwayne Kushniruk, OneSoft’s CEO. “Now that OneSoft has some upcoming catalysts, we want to leverage Sophic’s relationships and expertise to communicate our story to investors.”
“OneSoft’s story hits many on-trend technology themes, including machine learning, artificial intelligence, and augmented reality,” said Sean Peasgood, CEO of Sophic Capital. “The recent Phillips 66 contract validated OneSoft’s solution; our conversations with Microsoft illustrated the value proposition for Azure; we’re confident that management will close more deals within the energy pipeline industry. We want to thank OneSoft for selecting Sophic Capital, and we look forward to communicating their story to investors.”
OneSoft’s engagement with Sophic Capital is a 12-month term, on a fee-for-services basis of $7,000 per month. In addition, OneSoft has granted Sophic 600,000 options to purchase OneSoft shares at a price of $0.20 per share. The options will vest over 12 months and will expire on November 14, 2020.
About OneSoft Solutions Inc.
OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.
For further information, please contact:
Dwayne Kushniruk, CEO
Sean Peasgood, Investor Relations
(416) 565 2805
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.
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