OneSoft on Q1 2020 Company Performance, Impact of COVID-19/Oil Price Volatility and Goals for 2020

SNNLive caught up with Dwayne Kushniruk, CEO of OneSoft Solutions, Inc. (TSX-V: OSS) (OTCQB: OSSIF), via Zoom to discuss (Click the time stamp to jump to each answer, or watch it all):

LD MicroCap

OneSoft Solutions Inc. Reports Results of Virtual Annual General and Special Meeting of Shareholders and Grant of Stock Options

Edmonton, Alberta, Canada (May 21, 2020) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS, OTCQB: OSSIF),

ANNUAL AND GENERAL SPECIAL MEETING OF THE SHAREHOLDERS

The Company would like to thank all who attended the OneSoft Annual General and Special Meeting (“AGSM”) of the Shareholders held on May 20, 2020. All resolutions stated in the Management Information Circular sent to shareholders in advance of the AGSM were passed, including the re-election of Doug Thomson, Dwayne Kushniruk, Ron Odynski and Randy Keith as Directors of the Company for the ensuing year. Due to the Covid-19 pandemic, the ASGM was held virtually over the internet for the first time in the Company’s history, which resulted in greater attendance by shareholders than in prior years. Dwayne Kushniruk, CEO, provided an update on Fiscal 2019 and Q1 2020 operations, which presentation can be accessed on the Company’s website at www.onesoftsolutions.ca or via this link.

GRANT OF STOCK OPTIONS

On May 20, 2020, following the AGSM, 800,000 stock options were granted to the Directors, Officers, and senior executives of the Company as part of their compensation plans. All options granted have a strike price of $0.50 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 fo

Responses to Questions from Attendees of the Planet MicroCap Showcase Virtual Investor Conference held on April 22, 2020

The following questions were asked by attendees of the Planet MicroCap Showcase Virtual Investor Conference held on April 22, 2020. Management is providing responses to the questions asked, for which insufficient time during the meeting was allotted to respond.

All information discussed herein has been previously disclosed in public filings, including the Management Discussion and Analysis and Financial Statements for the year ended December 31, 2019 and/or in prior publicly disclosed documents filed on SEDAR.

We consider the responses made herein to be reasonable, but caution the reader that these responses include assumptions regarding future events, many of which are beyond our control, and may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect us. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities regulation. Readers are encouraged to review future disclosures on SEDAR and the www.onesoft.ca website to keep updated as to the Company’s progress.

May 4, 2020

OneSoft Solutions Inc.

1. Where would you like to be in 3 to 5 years in terms of sales? What is your long term goal?

We expect to double 2019 revenue in 2020 and thereafter hope to continue this pace of revenue growth in the foreseeable future, as we believe that CIM may reach a tipping point for disruption of the legacy systems that are being used today.

2. Your share structure is really getting up there……… any comments on a reverse split with a meaningful catalyst to support the new higher price? You don’t want the share price to drift down again.

We’re mindful of our capital structure and review it at every Board meeting. We have 114 million shares issued and outstanding with 9 million options outstanding. A reverse share split to consolidate shares is something that we constantly review, since a smaller share count and higher share price would likely be attractive to U.S. institutions. Note that insiders of our company own a big piece of the company, so we’re focused on building a recurring revenue, high-margin business rather than promoting stock. As we succeed with growing the business, we believe the stock price will take care of itself, and given the uncertainty and volatility in the markets, we believe this is the right approach to creating real value for investors.

Broadly speaking, we anticipate that 2020 and 2021 will be strong from a business development perspective – i.e., addition of new clients and industry joint venture projects that are expected to bolster CIM platform use. This could support corporate development initiatives in the future, potentially including the reorganization of share structure and elevating the Company to trade on a major exchange when timing is right.

3.     When do you expect to have a complete product for the non-piggable part of the market?

To recap, a PIG is a device that is inserted into pipelines to collet data as the oil or gas pushes it along. This inline inspection (ILI) data is what our machine learning solution, called Cognitive Integrity Management (or CIM), analyzes to predict pipeline failures. In the U.S., there are about 660,000 miles of piggable and 2.1 million miles of non-piggable pipelines.

The latter segment needs to be managed based on various other data sets that exclude ILI data. We raised $9.2 million in April 2019 to accelerate R&D of new software products, including functionality to address the non-piggable market segment. Such development commenced in H2 of 2019 and we continue to work on these projects with expectation to start commercializing components of this new functionality by the end of 2020.

4.     What seems to be the headwinds why you can’t convert pilot programs to revenue customers? P66 has been with you for quite awhile and thought others would follow.

Disruption of processes used for decades represent significant changes for large companies, which requires time and patience to work through. Lengthy sales cycles may continue for a while longer, but we expect them to shorten as our solution gains more

validity and traction in the marketplace, and as potential clients gain more insight regarding digital transformation. We are not in control of timing of our clients. We have pivoted our sales approach to experiment with onboarding smaller projects, rather than focusing on company-wide adoption of our solution, which we believe may reduce sales cycles (i.e., our land and expand strategy).

Sales cycles with our current clients have varied between 1 and 3 years. Onboarding clients in 2019, particularly the larger operators, provided great insight regarding the challenges they encounter as they transition to new systems and processes, and how we can streamline processes to scale addition of new clients. One of the biggest issues is that employees involved with implementation of new systems often get pulled away to handle other high priority tasks, which slows the on-boarding process significantly. Secondly, issues regarding finding, organizing and loading of the historic data that has been collected over decades have been consistent challenges amongst our clients. To address these issues, we developed tools during H2 of 2019 to streamline and automate the onboarding process and revamped our role in the onboarding process, so that we can now essentially implement the software without dependence on the client’s participation, other than to have them point us where to find the historic data. Using this new approach, we believe that we can now reduce the onboarding process from months to weeks and streamline the client’s involvement in the process to training only, once CIM is up and running within their organization.

About 60 enterprise level pipeline operators manage the vast majority of the U.S. pipeline infrastructure – this is the group that we have targeted to date, and more specifically, the companies within this group that have proclaimed a digital transformation strategy to move to the cloud. When we started sales efforts in 2017, before digital transformation was embraced by the industry, we found that 6 to 12 months was typically added to the sales cycle, just to explain the advantages of digital transformation and cloud computing. Today, we have sharpened our sales focus to work only with companies that already understand these benefits. Those that don’t are referred to Microsoft, who dispatch their sales teams to convince the IT and C-suite teams from potential customers regarding the benefits of digital transformation, prior to our employees expending sales efforts regarding CIM. For the enterprise level companies that have engaged a digital transformation strategy, our sales team works collaboratively with Microsoft sales personnel, focusing on IT and C-suite executives who are driving digital transformation initiatives within their companies. We anticipate that this pivot in our sales strategy will shorten sales cycles by focusing on the enterprise players who understand and want digital transformation, and who will serve to validate our solutions for the rest of the market players.

The new onboarding tools that we developed are highly important for the other 20% of the

U.S. industry, which consists of about 1,800 tier 2 and tier 3 companies. We anticipate that the new onboarding tools will eventually accommodate a self-service SaaS business model, to support self- and consultant-onboarding of CIM, essentially streamlining the sales and implementation processes and creating a platform to expand our technology into other markets (e.g., municipal water and sewer).

5.     Is it accurate that pipeline operators have long term contracts so the recent decline in oil prices won’t impact them? How much money will your customers save using your solution vs their current practices?

Yes, this is our understanding. We have not seen any negative impact to our business thus far from reduced oil prices. In fact, we believe that constrained budgets could help our business because of the high value proposition our solution provides by increasing efficiencies and reducing costs, as further explained in our “Repair Fraction” white paper that was published and presented to the industry in February, 2020.

6.     Of the 51k miles contracted…what % has been onboarded?

While all 51,000 miles under contract now generates base subscription revenue, operators vary in how quickly they load data for all their pipeline segments. Our experience so far indicates that operators have taken between 6 and 18 months to load all of their data onto CIM and implement their entire pipeline infrastructure. Refer to page 11 of our Fiscal 2019 MD&A for further information about how revenue builds by client.

7.     What is your cash burn? Great presentation thank you

As of December 31, 2019, we had about $10.5 million of cash and no debt. Cash burn in 2019 was about $2.5 mm (average $634k per quarter). Based on our sales activity we expect this metric to improve in 2020, and do not have any concern about having sufficient cash to execute our business plans as envisioned during the foreseeable future.

8.     I haven’t seen you sign up any new customers in a long time. Why, and when do you expect to announce some new ones?

We expect to announce new clients in 2020, but timing is unknown as this is not in our control.

We had a lot of momentum going into PPIM in February 2020, the U.S. pipeline industry’s premier annual event. At that conference services providers, PIG vendors and prospective customers spent time at our booth talking about proof of concept projects and joint-venture initiatives, based on our CIM platform. The end of February was the last time we were able to have in-person meetings. Covid-19 then abruptly ceased progress for the next month or so, as businesses were scrambling to determine how to mitigate the impact to their operations. Activities have since returned to a new “near normal” regarding sales and business development progression through use of on-line rather than face-to-face meetings. So although we’ve encountered some delays, it appears that we are back doing what needs to be done to progress sales activities.

9.     How has the transition from working at home been going for your current clients?

First, let me discuss OneSoft’s situation with respect to the impact of Covid to our business operations. Even before Covid, and dating back to 2015, all of our employees worked remotely from home offices, except for our CFO and Controller who work from a shared

office facility. Many of our corporate meetings and communications before Covid were held through on-line video conferencing, so we haven’t experienced the disruption most other businesses have.

An interesting side observation is that we are one of the few companies that continues to be hiring new employees (we currently are recruiting for 4 open positions), within a personnel environment that has changed dramatically in the past couple of months. The talent pool from which to select new employees has increased in the past couple of months because, we suspect, Covid has caused termination of projects that has freed up talent we are seeking. The pandemic has had minimal disruption to our ability to service our clients, and following the month or so of delays we encountered in March we have recently seen a return to more normal sales and business development activities. We believe this is because the people we need to communicate with required some time to organize on-line meeting capability to replace conventional face to face meetings, but have now incorporated this change.

The Covid disruption amongst our clients and prospective customers is mixed. Our clients, who already adopted our cloud computing solutions have essentially been able to transition seamlessly from conventional office to home working environments. This contrasts with most of the prospective customers we are engaged with, who have generally encountered more difficulty in transitioning their employees to work from home-based offices.

Interestingly, Covid may potentially be a catalyst that helps motivate future sales, because many of our prospective customers now have an abrupt new appreciation for how cloud computing can enable their employees to work effectively from home offices, as a result of having capability to access critical data using any web-connected device.

10.  Have you seen greater demand for your platform with the recent decline in crude prices? Would imagine a catalyst right now is process efficiency now more than ever.

Volatility of oil and gas price does not appear to have a direct effect on our business in the same way it affects the upstream and downstream segments of the industry. Transportation of oil and gas (the midstream segment) is still required, irrespective of energy prices, and our clients typically have long term contracts that preserve their revenue streams for transporting products that are not energy-price dependent.

Following the 2008 global economic recession, our understanding is that pipeline operators normally entered into long-term transportation contracts with their own customers – the oil and gas producers – in order to secure stable revenues and cash flows. We also understand that in some cases pipeline operators need to keep product flowing in order to preserve lease rights, which is more crucial than temporarily reducing throughput during periods of low energy prices.

And a highly compelling factor that supports our opportunity within the U.S. is that PHMSA, the U.S. pipeline regulator, mandates that pipeline data must be collected on piggable pipelines every 5 or 7 years at minimum, for liquids and gas lines, respectively. In addition, PHMSA’s new “mega-rule” is scheduled to take effect July 1, 2020, which further bolsters our opportunity, as more pipeline will be required to be operate in accordance with federal

regulations that call for enhanced data collection and analyses capability, which CIM addresses. Overall, we believe that our Company is fairly well insulated from the volatility pricing of oil and gas and well-positioned to be the vendor of choice as regulatory operating requirements are enhanced.

11.  You have a number of pricing structures in your annual information filings. (a) What seems to be the most popular choice? (b) What is the agreement with Phillips 66 after 10 years? (c) How are you thinking about all the non piggable pipelines in context of your software development? (d) Do you have interest globally at this stage?

We have developed various pricing structures in response to what clients and prospective customers have asked for. We anticipate that some clients may start with one pricing structure for a small segment of their pipelines and later adopt a different pricing structure, as they onboard more pipeline data. We are focused on increasing initial adoptions of CIM, thus attempt to remove all the barriers to this objective. The various pricing structures assist in doing this, and we have high confidence that clients who commence using CIM for a portion of their pipeline will see value in onboarding all of their pipelines. In short, the different pricing structures support our “sign new logos” and “land and expand” strategies.

Clients like Phillips 66 will need to retain some sort of integrity management processes beyond the duration of contracts we have entered into. We have high confidence that with our first mover advantage and committed strategy to continued focus on new product development we will be able to maintain and extend our competitive moat, and thereby extend client relationships. It is neither practical or probable that clients will abandon our advanced machine learning/data science technology and return to using legacy processes and systems that do not deliver CIM-type capability. In short, we believe that our clients will remain with us, providing we continue to advance our solutions.

We have aggregated more data than anyone else we are aware of at this point, which provides opportunity to leverage learnings from this data that can be applied to all pipelines, including those for which inline inspection data has not been gathered. We are already working on new solutions for the 2.1 million miles of pipeline that falls under “Direct Assessment” U.S. regulatory mandates, which we anticipate will start to roll out as commercial solutions in 2020.

We are already involved in sales activities outside of the U.S. Two of our current clients have plans to implement CIM in their subsidiaries within other countries, and we are actively pursuing potential sales in various countries including Argentina, Brazil, Australia and Middle East regions, both directly, and collaboratively with Microsoft international sales teams and other O&G industry vendors.

12.  Where do you see our business in the next 10 years? Will oil & gas still be viable at that point? Or will it be replaced by other clean energy? If so, what will you do to navigate our company to avoid that judgement day?

Most pundits agree that oil and gas energy will still be required for the next 30 years at minimum, irrespective that new energy sources are being developed. During this time pipeline infrastructure globally, which is ever-aging, will need to be maintained to ensure reliability and in accordance with regional regulatory requirements that apply. In some jurisdictions such as the U.S. these are becoming more stringent. Our belief is that we expect to be busy with the O&G pipeline market for decades.

We also believe that our technology can be adapted for municipal water & sewer, and potentially railroad/rail transit industries. We have recently commenced investigation of the municipal water market, which closely resembles the O&G pipeline market (i.e., steel pipes that corrode, and inspection tools are used to collect snapshots of data).

13.  Can you disclose who are the other pipeline operator customers beyond Phillips?

We are prevented from disclosing our client names because of confidentiality terms we agreed to when contracting these clients.

While we can’t make these disclosures, I would note that potential customers, particularly within the U.S. and Canada, are generally quite well aware of the companies that have adopted CIM, as this information is often shared at various industry conferences and meetings. During the past year, we haven’t had need to include history/background of our Company in sales meetings, as prospective customers we are now meeting with understand who we are and what we do, as a result of peer to peer discussions about our company and technology.

14.  (a) How many miles of pipeline in total is the company managing? (b) And at which point will the company turn a profit?

We currently have 51,000 miles under multi-year contracts, and more than 100,000 miles in our sales pipeline.

We did post a small profit for the period ended December 31, 2018, but decided to raise more capital to fund acceleration of R&D and new product development in April 2019 to increase our competitive moat, rather than focus on bottom line profits. We believe that we can create higher value for shareholders by advancing our first mover advantage, signing new logos and increasing recurring revenues, which is the metric that generally governs SaaS company valuations. We believe that new client additions are key to future opportunities, as it is highly probable that they will ultimately onboard our solutions for all of their pipeline segments once they experience the value proposition of using CIM. This justifies the relatively low introductory pricing models and incurrence of onboarding costs for new clients. While these strategies contribute to increased costs in the short term, they set the stage for greater recurring, profitable business in the longer term.

15.  What is the Philips 66 royalty rate, what is the cap and when do you anticipate having paid it off?

This information is confidential, as required to comply with our agreement and for competitive reasons. The royalty is capped, which provides us the option of retiring the obligation whenever we choose to. We do not consider royalty expense to be material, relative to revenues that we expect to occur over time.

16.  Is there seasonality in recurring revenues? Why was the Q4 quarter down on the Q2 quarter in 2019?

We anticipate quarterly revenues to continue to be somewhat lumpy over the next year as one of the major revenue components, associated with loading of inline inspection data sets onto CIM, is dependent on clients’ timing. I suggest that you review the Fiscal 2019 year- end MD&A published on SEDAR to understand the revenue components and revenue recognition factors discussed in the document. One of the important factors to monitor is the “Deferred revenue” recorded on our balance sheet, which typically represents pre-paid consumption of CIM by clients, as expected to unfold during the ensuing year. We anticipate that timing to load inline inspection data sets onto CIM will continue to vary by client, thus revenue recognition will vary accordingly.

17.  Do you have enough cash to continue operations for the next 12 months? Is there any plan to raise additional capital and/or cause even further shareholder dilution?

Cash burn in 2019 was ~$2.5 million, and we expect this to improve in 2020. With $10.5 million in cash, and no debt, we believe we have sufficient cash to execute our business plans as currently envisioned, without requirement to raise additional capital.

OneSoft Solutions to Present at the Planet MicroCap Showcase Virtual Investor Conference 2020 on April 22, 2020

EDMONTON, AB / April 16, 2020 / OneSoft Solutions Inc. (the “Company” or “OSS”) (TSX-V:OSS, OTCQB:OSSIF), a North American developer of cloud-based business solutions, today announced that CEO Dwayne Kushniruk will be presenting at the Planet MicroCap Showcase 2020 on Wednesday, April 22 at 1:00 PM EST. Mr. Kushniruk will also host virtual 1-on-1 investor meetings throughout the day.

To access the live presentation, please use the following information:

Planet MicroCap Showcase Virtual Investor Conference 2020

Date: Wednesday, April 22, 2020
Time: 1:00 PM Eastern Time (10:00 AM Pacific Time)
Webcast: https://www.webcaster4.com/Webcast/Page/2059/34196

“We had a great year in 2019 during which we onboarded new clients, completed several software projects to enhance our solution, more than doubled recurring revenue over the prior year and significantly strengthened our balance sheet,” said OneSoft’s CEO Dwayne Kushniruk. “Our investigations in February at PPIM, our largest global conference, reaffirmed our belief that our solutions represent leading technology in our marketplace, with no direct competitors. Our innovative machine learning approach, combined with the extensive learnings we’ve aggregated by analyzing data from tens of thousands of miles of pipeline and more than 50 million features, continues to widen our competitive moat. Our sales pipeline remains very strong, bolstered by new U.S. regulatory requirements scheduled to take effect in mid-2020 which mandate pipeline operators to inspect more pipeline infrastructure and improve their data collection and analyses processes. I’d like to thank Planet MicroCap for hosting this online Showcase event which helps OneSoft to communicate, during this disruptive time, the status of our operations and prospects going forward.”

How to Book A Virtual Meeting with OneSoft Solutions

If you would like to book a 1-on-1 investor meeting with Mr. Kushniruk, please make sure you are registered for the virtual event here:
https://www.planetmicrocapshowcase.com/signup

1-on-1 meetings will be scheduled and conducted via private, secure video conference through the conference event platform.

If you can’t make the live presentation, all company presentations “webcasts” will be available directly on the conference event platform on this link under the tab “Schedule”: https://www.planetmicrocapshowcase.com/presenting-companies

About Planet MicroCap Showcase

Planet MicroCap Showcase brings together promising companies with well-known and influential microcap, investors, fund managers and newsletter writers for three days of company presentations, one-on-one meetings, and networking.

If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup

News Compliments of ACCESSWIRE.

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 Renews Engagement of Sophic Capital for Capital Markets Advisory Services

Edmonton, Alberta, Canada (December 31, 2019) OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS; OTCQB: OSSIF) announced today that it has renewed the appointment of Sophic Capital Inc. (“Sophic Capital”) as its Capital Markets Advisory firm. As part of the contract renewal, Sophic Capital will continue to manage OneSoft’s investor relations activities, focusing on increasing investor awareness of OneSoft by advancing its communications strategy with shareholders, investors, investment dealers and other financial professionals.

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 400,000 options to purchase OneSoft shares at a price of $0.63 per share. Options will vest over 12 months and unexercised vested options will expire ninety (90) days after Sophic Capital ceases to provide services to the Corporation, or in any event on December 24, 2022.

About Sophic Capital

Sophic Capital is a capital markets advisory firm for public and private growth companies, specializing in developing complete capital markets strategies for companies across all stages of development. Sophic Capital’s depth of knowledge in the technology sector, clean technology and special situations markets combined with decades of experience working in the capital markets, makes it an ideal partner to help lower the cost of capital and accelerate growth. For more information, visit www.sophiccapital.com.

About OneSoft and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft [NASDAQ:MSFT] Azure Cloud Platform.   Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use advanced Data Sciences and  Machine Learning to analyze big data using predictive analytics 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.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 Results for the Nine Months ended September 30, 2019

Year to Date Revenue 115% Higher Than Last Year Edmonton,

Edmonton, Alberta, Canada (November 21, 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 September 30, 2019 (“Q3 2019”). Please refer to the interim unaudited condensed Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 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 and nine months ended September 30, 2019 (the “current period”) and for August 31, 2018 (the “comparative period”).

FINANCIAL SUMMARY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2019 AND AUGUST 31, 2018.

FINANCIAL HIGHLIGHTS OF Q3 2019

Financial highlights for the third quarter ended September 30, 2019 (“Q3 2019”) include the following:

  • Revenue for the current quarter nearly doubled year over year, from $389,007 for the 3-month period ended August 31, 2018 to $770,099 for the period ended September 30, 2019. The revenue increase is due to increased usage of the Company’s software solutions by more clients in 2019, augmented by an increase in services revenue arising from assistance provided to a major client that commenced implementing CIM in April 2019.
  • Revenue associated with the Company’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service (“SaaS”) solution in the nine months ended September 30, 2019 was $2.1 million, as compared to $1.3 million revenue generated in the ten months ended December 2018, approximately 80% of which was derived from two clients who collectively analyzed approximately 13,000 miles of pipeline data.
  • Cash at quarter-end this year was $11,293,424, up from $2,015,428 at December 31, 2018, giving the Company ample cash to execute its current business plan.
  • The Company has no debt and $9,052,958 of working capital.

OPERATIONAL HIGHTLIGHTS OF Q3 2019:

Operational highlights for the third quarter ended September 30, 2019 (“Q3 2019”) include the following:

  • The Company’s commercially contracted client list increased during 2019, from two clients as at December 31, 2018 to six clients as at September 30, 2019, and now include one independent pipeline operator, four Fortune 500 companies, and one industry Super-major. These clients collectively operate approximately 51,000 miles of oil and gas pipeline infrastructure for which we anticipate data will be loaded into CIM on a staged timing basis.
  • On July 22 and 23, 2019, the Company and Microsoft held a workshop entitled “Digital Transformation: Making Pipeline Failures a thing of the Past” at the Microsoft Training Center in Houston. The purpose of the event was to educate attendees regarding Microsoft’s cloud computing strategy and to demonstrate OneSoft’s CIM platform. Personnel from three of OneSoft’s clients and OneSoft personnel demonstrated CIM and hosted a workshop that allowed prospective clients to experience CIM as a user. We believe this event allowed us to present CIM in a very compelling manner, particularly because our clients’ personnel who use CIM on a daily basis presented it to their industry peers, from a software user perspective. Several sales leads are now in process of various follow-up actions, and we are optimistic that we will gain new clients as a result of this event.
  • In accordance with prior communiques, the Company progressed a number of initiatives during the quarter to accelerate research and development (“R&D”) efforts, to maintain our first-mover advantage regarding machine learning software for the O&G pipeline industry and to increase our competitive moat. Market research was conducted to assess demand for new CIM companion products and discussions are ongoing with several parties who may potentially collaborate with OneSoft in furtherance of certain future projects. Several new personnel were hired, including Edmonton-based software developers and Houston-based senior sales and other customer-facing personnel who are ideally situated to cater to our USA-based clients and prospects.

SUBSEQUENT TO QUARTER-END

  • OneSoft began the process of validating the assumptions that drive our value calculations with some of our clients, prospects and reseller partners, and certain industry-published metrics. We believe that the current CIM costs are small compared with the overall value realized by clients, and that the Company may be justified in commanding higher pricing for CIM
  • OneSoft announced its first upstream oil and gas pipeline pilot with a Fortune 100 company that also operates midstream and downstream divisions and whose midstream division adopted the use of CIM in early 2019.
  • On October 2-4, 2019, the Company exhibited at the Pipeline Technology Forum in Houston, Texas. Attendance at this event generated interest from several pipeline companies, which we believe will result in future business for the Company.
  • The Company also presented at the Microcap Rodeo Investor Conference in Austin, Texas on October 15-16, 2019, which provided a venue to meet new investor groups who typically engage with oil and gas (“O&G”) companies. Follow-up with several parties from this event are ongoing. An interview conducted during the seminar can be viewed here.

BUSINESS OUTLOOK

OneSoft continues to make good progress, in accordance with Management’s objectives and expectations. Since completing the April 2019 financing, additional personnel have been hired to accelerate sales and marketing activities, and R&D initiatives. We believe that our decision to raise additional capital to fund Company growth and accelerate advancement of our intellectual property (“IP”) will ultimately benefit all of our stakeholders, by expanding our first mover technological advantage and competitive moat and increasing our future market and revenue opportunities.

Commercializing CIM and Increasing Scalability to Onboard New Clients
The Company’s main operational objective in 2019 has involved advancement of CIM’s commercialization by onboarding four new CIM clients contracted in 2019. We believe growth is dependent upon determination and development of methodologies to scale additions of new clients in the future. As with deployment of any new technology, we encountered challenges. The three key issues we faced related to (a) historic data, much of which has required a significant amount of effort from both clients’ and OneBridge personnel to cleanse and re-format for ingestion into CIM; (b) numerous procedural and change management issues encountered in transitioning legacy integrity management processes (“IMP”) to fully digital systems and processes; and (c) determining how to incorporate and adapt the unique IMP used by individual clients into a horizontal single SaaS solution that addresses all clients’ functionality and process requirements. Resolution of these challenges required changes being made to the CIM solution and the development of numerous tools and processes to automate the onboarding of new clients. Our largest client (as measured by miles of pipeline operated) has required approximately seven months to reach the stage of initial implementation sign-off, prior to their commencement of user acceptance testing which is expected to require a further half year.

While the onboarding of new technology and adoption of new IMP processes has presented challenges for both our clients and Company personnel, this has provided an opportunity for OneSoft to develop and implement strategies to automate the implementation of CIM for future clients. Although the Company was only partially compensated for data cleansing and other service work associated with implementing CIM for these initial commercial clients, we anticipate that tools and efficiencies that were developed may help to increase services margins with future new clients, as a result of better automation of the onboarding process. We believe this experience represents an important step to increase our scalability to add new clients and reseller partners, and currently estimate that our consulting time and efforts might reduce significantly for future clients of similar size and scope to clients we added in 2019 that are members of Fortune 100 and 500 lists.
Three key factors that determine our revenue growth include the pace at which clients load data onto our CIM platform; the scheduling of pipeline inspections which drive variable elements of revenue; and the pace of adoption of our solutions by new clients. We believe that sales and revenue may be positively influenced by two recent positive developments – the October 1, 2019 announcement of new regulatory operational requirements by PHMSA; and OneSoft’s inclusion of sales metrics based on CIM cost/value that can be targeted at clients’ senior management teams (rather than targeting only the integrity management team), as discussed below.

  1. New Regulatory Operational Requirements Are Expected To Be Beneficial

    The Pipeline and Hazardous Materials Safety Administration (“PHMSA”), the USA pipeline industry regulator, has published a new compliance rule (2019-20458) which is currently scheduled to take effect on July 1, 2020. This rule essentially mandates two new key requirements for O&G pipeline operators that we believe will be beneficial to the Company’s future opportunities. Firstly, O&G pipeline operators will need to collect, interpret and manage more data, which we believe our solutions are well-poised to address for clients. Secondly, certain gathering pipeline infrastructure that was previously exempt from certain operating requirements will be required to operate under certain new PHMSA regulations when the rule takes effect, similar to what our current (mid-stream) clients are addressing with CIM. We believe these new compliance requirements will effectively increase our total addressable market (“TAM”) within the USA, because more pipeline will need to be operated in compliance with PHMSA mandates.

    We believe that both of these factors are beneficial to OneSoft because our CIM platform essentially addresses these requirements today with our “first mover” technology and functionality advantages, unlike legacy solutions that serve the industry today.

  2. Modeling CIM Cost/Value Metrics May Support Future Pricing Increases

    As a result of sales research that OneSoft has been conducting during the past year, we are now developing metrics that we believe will be able to more precisely quantify the value that our clients can expect to achieve once they adopt CIM. Post quarter end, we began the process of validating the assumptions that drive the value calculations with some of our clients, prospects and reseller partners, and certain industry-published metrics. These calculations incorporate not only what is applicable to integrity management functions, but also consider several other factors that affect our clients holistically throughout their organization. These factors include number of pipeline excavations (“digs”) conducted annually, the number of digs where refurbishment or repair of the pipeline was positively found to be necessary (versus digs that were determined to not be actually required following excavation and inspection), resulting calculation of “dig/repair ratios”; costs per dig, for engineering, maintenance and repairs; barrels per day of product throughput lost due to shutdown of the pipeline during dig/repair events; revenue per barrel metrics for the pipeline, and certain other factors that contribute to the overall efficiencies of the IMP processes.

    These metrics are collectively necessary to determine the benefits of using the CIM platform from a corporate overall cost/benefit perspective. Such analysis is not offered by legacy software solutions because of siloed data management practices typically used by pipeline operators today. For example, integrity management department personnel have little insight regarding associated workload costs incurred by other departments of their company, or revenue loss metrics that might occur as a result of pipelines being shuttered for repairs and maintenance. Our vision is to evolve our CIM platform with capability to ultimately aggregate, analyze and provide such business logistics, including certain quantifiable financial benefits. Based on preliminary estimated metrics from a sample of our CIM clients (which are anecdotal only at this point and not yet validated), and providing our assumptions are valid, we believe that we will be able to demonstrate significant cost savings for pipeline operators who adopt CIM in place of legacy solutions and practices.

    We believe that the current CIM costs are small compared with the overall value realized by clients, and that the Company will be justified in commanding higher pricing for CIM (i.e., bolster revenue potential) in the future than is currently being charged to clients, once we are in the position of being able to disclose validated cost/value metrics. We believe this may have the desired effect of accelerating buying decisions and may potentially result in longer term SaaS contracts once buying decisions are made. We expect to validate and finalize the CIM cost/value metrics by the end of Q1, 2020.

Advancement of CIM Platform and IP
OneSoft has developed and commercialized the first machine learning solution (to our knowledge) for the O&G pipeline industry, which has now been validated by several US-based industry leaders. Some of our Fortune 100 and 500 clients have by now had opportunity to experience the advantages of machine learning, data science and cloud computing technologies that legacy systems and processes cannot replicate. We are now collaborating with these clients and certain industry partners to enhance our CIM platform by adding functionality that we believe might augment our future revenue opportunities. Our business strategy mandates that, regardless of the contributions or funding for projects that may be provided or paid by third parties, OneSoft intends to own all the IP that arises from such collaborations. Our objective is to continue to develop horizontal SaaS functionality, i.e., that which is typically required by most pipeline operators regardless of where they operate globally.

We intend to capitalize upon our data-as-a-service (“DaaS”) approach, wherein we expect to monetize learnings from pipeline associated data derived by our proprietary algorithms. To date we have analyzed tens of thousands of miles of pipeline data, involving learnings from more than 40 million data points. We believe this represents the most extensive aggregation of data and learnings collected by anyone in the O&G pipeline industry to date. We further believe that our CIM platform and capability to accelerate further data aggregation is well ahead of potential competitors, thereby serving to increase our competitive moat.

Our vision is to become the “ERP system” for O&G pipeline companies which involves integrating our initial CIM integrity management solution with complementary functionality modules, including enhanced risk management, Xbox style 3-D graphics and certain financial applications that collectively will improve decision making by incorporating large and varied data sets that have historically not been able to be used, but which the CIM platform can accommodate.

R&D efforts conducted in Fiscal 2019 have mostly been dedicated to advancing commercialization and scalability of CIM. We anticipate that new R&D development sprints will commence in Q4 of 2019 or Q1 of 2020, and recognition of revenue associated with future development sprints will not likely occur before the latter part of Fiscal 2020.

We believe that in 2019 and 2020, CIM SaaS recurring revenue, based on current functionality and pricing, will more than double over the respective prior year. This is based on the increasing loading of data and CIM usage by our current clients, and our expectation that we will gain new clients that are currently engaged in our sales processes.

Given that the Company accelerated investment in new product development and sales efforts in 2019, we expect to incur operational losses in 2019 and perhaps 2020; however, the Company is well-funded (through fiscal 2022, based on current operating metrics and revenue assumptions) to pursue accelerated development, marketing and sales initiatives. We believe the Company’s strategies, business, technology and operational plans will ultimately result in increasing shareholder value through achievement of two key objectives – advancing our technological lead and competitive moat, and increasing market potential and revenues.


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. Pilots First Upstream O&G Client

EDMONTON, AB / November 7, 2019 / OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSXV:OSS)(OTCQB:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”) has received its initial order for use of the Company’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service (“SaaS”) solution from an upstream oil and gas (“O&G”) client. This latest sale was made to a Fortune 100 company whose midstream division adopted the use of CIM in early 2019, and also operates upstream and downstream divisions.

To date, all CIM pilots and licenses have been granted to midstream operators, or to midstream operations of integrated O&G enterprises. This transaction represents the first opportunity for the Company to pilot the concept of adapting CIM for use in the upstream O&G market segment.

“This sale pioneers the opportunity to sell CIM into markets beyond the midstream segment, as was originally envisioned when we first developed the software,” said Tim Edward, President of OneBridge. Brandon Taylor, OneSoft President and COO, added, “This justifies the decisions we made earlier this year to raise additional capital to accelerate R&D efforts, to evolve CIM from a solution to a platform, and to advance our economic consumption SaaS business model. As we add more functionality to address more customer requirements for different segments of the O&G market, we expect future revenue potential to increase accordingly. We are especially pleased that one of our current clients has made the decision to expand the use of CIM into other segments of its business operations.”

Upstream, Midstream and Downstream Oil & Gas Market Segments

The petroleum industry is divided into three major segments: (1) upstream, the exploration and production sector; (2) midstream, wherein crude oil, natural gas and natural gas liquids are processed, stored, marketed and transported; and (3) downstream, which includes refineries, petrochemical plants, distribution, retail outlets and natural gas distribution companies. Historically, all of the Company’s business associated with CIM has been derived from the midstream segment.

About OneSoft and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft [MSFT] Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use advanced Data Sciences and Machine Learning to analyze big data using predictive analytics 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.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.

Fastest Growing Company 2019

OneSoft Solutions Inc. Places No. 58 on the Globe and Mail’s 2019 Ranking of Canada’s Fastest-Growing Companies

Three-Year Revenue Growth of 955

EDMONTON, AB / September 30, 2019 / OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSXV:OSS)(OTCQB:OSSIF) is pleased to announce it placed number 58 on the inaugural Globe and Mail’s Report on Business ranking of Canada’s Top Growing Companies, with three-year revenue growth of 955%.

Launched in 2019, the Canada’s Top Growing Companies ranking program aims to celebrate entrepreneurial achievement by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to qualify. In total, 400 companies made the ranking this year, collectively achieving average three-year revenue growth of 511%.

The full list of 2019 winners, and accompanying editorial coverage, is published in the October issue of Report on Business magazine-out now-and online at www.tgam.ca/TopGrowing.

“We created the Canada’s Top Growing Companies program because we believe there is much Report on Business readers can learn from the successes of the country’s best entrepreneurs,” says Derek DeCloet, Editor of Report on Business and Executive Editor at The Globe and Mail. “We’re excited to be telling their stories.”

“The 400 companies on the inaugural Report on Business ranking of Canada’s Top Growing Companies ranking demonstrate ambition, innovation and tremendous business acumen,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their contributions to the economy help to make Canada a better place, and warrant commendation.”

“We are pleased that OneSoft has again been recognized as a business leader in Canada,” says CEO Dwayne Kushniruk. “This achievement reflects the strong dedication of our team and the advancements we’ve made to assist oil and gas pipeline operators achieve their objective of zero pipeline failures, using our revolutionary machine learning technology that operates on cloud computing.”

About The Globe and Mail

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 6.6 million readers every week in our print or digital formats, and Report on Business magazine reaches 1.8 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family

About OneSoft and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft [NASDAQ:MSFT] Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.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 Presenting at the Fall Investor Summit in New York City

EDMONTON, AB / September 12, 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 COO Brandon Taylor will present the Company’s investment thesis at the Fall Investor Summit in New York City at 11am Eastern time on September 16, 2019. Mr. Taylor will also participate on a technology panel at noon Eastern time and host investor meetings throughout the day.

“OneSoft has had a lot of positive developments since attending the Spring Investor Summit in late March,” said Mr. Taylor. “A number of clients have entered into multi-year agreements to date, include independent and Fortune 500 companies and an industry Super-major. Following our over-subscribed $8 million bought deal financing in April we finished the June quarter with $12.1 million of cash and no debt. I look forward to updating our current investors about our operational expectations in fiscal 2019 and beyond. I’m also looking forward to meeting new investors and sharing how OneSoft’s competitive moat is widening in the face of strict regulatory requirements in the U.S. and across the globe.”

About the Fall Investor Summit

The Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting small cap and microcap companies with qualified investors.
The Fall Investor Summit will take place at the Essex House, featuring 160 companies and over 1,000 institutional and retail investors.
To register as a presenting company: please contact Cassandra Miller (cassandra@microcapconf.com).
To request complimentary investor registration: please visit our website at www.microcapconf.com.

About OneSoft and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ:MSFT) Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.onebridgesolutions.com for more information.

FOR MORE INFORMATION

Please visit: www.microcapconf.com
Or, contact Ashley Allard at ashley@microcapconf.com

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. Ranks No. 22 on the 2019 Startup 50

– Canadian Business unveils 2019 list of Canada’s Top New Growth Companies –

EDMONTON, AB / ACCESSWIRE / September 12, 2019 / OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSXV:OSS)(OTCQB:OSSIF) is pleased to announce that Canadian Business and Maclean’s today ranked OneSoft number 22 on the 2019 Startup 50 ranking of Canada’s Top New Growth Companies. Serving as a companion list to the longstanding Growth 500 ranking of Canada’s Fastest-Growing Companies and produced by Canada’s premier business and current affairs media brands, the Startup 50 ranks younger companies on two-year revenue growth. Startup 50 winners are profiled in a special print issue of Canadian Business published with Maclean’s magazine and online at CanadianBusiness.com.

OneSoft made the 2019 Startup 50 list with two-year revenue growth of 658%.

“The 2019 Startup 50 winners suggest the future of Canadian entrepreneurship is extremely bright. They have brought new offerings to market, created indelible brands and disrupted established business models-all in an extremely short period of time,” says Beth Fraser, Startup 50 and Growth 500 program manager. “Any aspiring entrepreneur should look to their stories for inspiration.”

“We are pleased that OneSoft has been recognized in the Startup 50 ranking,” says CEO Dwayne Kushniruk. “This achievement reflects the strong dedication of our team and the advancements we’ve made using our machine learning and advanced data science technologies to assist oil and gas pipeline operators to achieve their objective of zero pipeline failures.”

About the Startup 50

Ranking Canada’s Top New Growth Companies by two-year revenue growth, the Startup 50 profiles the fastest-growing startups in the country. It is a companion list to the Growth 500 ranking of Canada’s Fastest-Growing Companies, which has, for over 30 years, been Canada’s most respectable and influential ranking of entrepreneurial achievement. Both the Startup 50 and Growth 500 are published in a special issue of Canadian Business published with Maclean’s magazine and at CanadianBusiness.com. For more information on the ranking visit Growth500.ca or CanadianBusiness.com.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the countryIt is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.

About OneSoft and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft [NASDAQ:MSFT] Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.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.