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.

OneSoft Solutions Inc. Reports Results for the Six Months Ended June 30, 2019

Addition of New Customers Drives Revenue Growth of 142% Quarter over Quarter and 126% Year over Year

EDMONTON, AB / August 22, 2019 / OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSXV:OSS)(OTCQB:OSSIF), a North American developer of cloud-based business solutions, is pleased to announce its financial results for the three and six months ended June 30, 2019 (“Q2 2019”). Please refer to the interim unaudited condensed Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 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 six months ended June 30, 2019 (the “current period”) and for May 31, 2018 (the “comparative period”).

Financial Summary for the Three and Six Months Ended June 30, 2019 and May 31, 2018


Highlights of Q2 2019

  • The Company’s commercially contracted client list increased during the first half of 2019, from two clients as at December 31, 2018 to six clients as at June 30, 2019, and now includes 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 the Company’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service (“SaaS”) solution on a staged timing basis. For historical comparison and context, CIM associated revenue totalled approximately $1.3 million during the ten months ended December 2018 and was primarily derived from only two clients who collectively analyzed approximately 13,000 miles of pipeline data.
  • On April 4, 2019, the Company announced an $8 million Bought Deal Financing (the “Financing”), with an over-allotment option for $1.2 million. The Company filed a Preliminary Short Form Prospectus in connection with the Financing on April 9, 2019, followed by a Final Short Form Prospectus on April 17, 2019. The Company closed the fully subscribed $9,200,000 Financing on April 25, 2019 and issued 11,500,000 common shares at $0.80 per share and 600,000 broker share purchase warrants exercisable at $1.00 and expiring April 25, 2020. Institutional investors subscribed for approximately 75% of the Financing.
  • In accordance with the Company’s announced intentions regarding use of proceeds of the April 2019 Financing, management commenced progressing certain technology road-map and development plans, including conducting market research into new CIM companion products and identifying and hiring additional personnel to accelerate new product development sprints.
  • Revenue for the current quarter increased by 142.4% from $292,783 for the 3-month period ended May 31, 2018 to $709,740 for the period ended June 30, 2019. The revenue increase was primarily due to increased usage of the Company’s software solutions by more clients in 2019.
  • Cash at quarter end increased to $12,143,799, from $2,015,428 at December 31, 2018, significantly strengthening the Company’s balance sheet. The Company has no debt.

Subsequent to Quarter-End

  • Subsequent to the quarter end, on July 22, 2019 the Company announced it had teamed up with Worley (formerly WorleyParsons) to conduct a pilot project with a U.S. based Fortune 500 electricity and natural gas supplier, who will trial OneBridge’s CIM software over several months.
  • 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 event was very well attended by staff from many pipeline companies and featured a CIM product presentation and demonstration by four clients that are actively using CIM. The workshop generated several sales leads for the Company.

Business Outlook

OneSoft is focused on growing the revenue generated by CIM, its first commercial SaaS solution, and concurrently is pursuing development of new accretive solutions we believe will accelerate future revenue growth. CIM future revenue growth is dependent upon three factors: (a) the pace at which current clients load and process data for their pipelines; (b) customers’ schedules of pipeline inspection, which drives a variable element of revenue and (c) the pace of adoption of CIM by prospective new clients. We believe the positive user experience and validation of our solutions by our initial clients is now resonating positively within the U.S.A. marketplace, boosting confidence and encouraging wider industry acceptance of our innovative machine learning technologies and processes to replace legacy systems that serve the industry today.

As was disclosed in prior communiques, the Company intended to accelerate its R&D efforts beyond the evolution of CIM functionality, once client interest for participation and appropriate funding resources had been investigated and arranged. Following completion of the Financing in April 2019, the Company is now taking steps to ramp its R&D efforts to grow the revenue potential from current and prospective clients, develop new CIM accretive solutions and strengthen the Company’s machine learning and data sciences technological lead in the marketplace.

Evolution of CIM Solution to CIM Platform

To date, our processing of tens of thousands of miles of pipeline data from many operators and pipeline tool vendors involving more than 30 million features has trained our software with the learnings from it being incorporated as permanent knowledge in multiple iterations of our proprietary machine learning algorithms. We believe this work represents unique and unparalleled analysis capability, that even the largest of pipeline operators and industry inspection tool (“PIG”) vendors are not able to replicate as they individually have neither the access to such a diverse amount of data nor the specific data science capabilities to analyze it.

We intend to transform CIM from a solution to a CIM platform to which various new software modules can be integrated to address more functionality requirements of our clients. We believe this will allow us to monetize the ever-increasing cognitive learnings we are deriving from our continued analyses of pipeline data provided by our clients. This initiative may involve development of new probabilistic risk and advanced analytics models, in part designed to operate in accordance with current and future regulatory guidance requirements prescribed by the Pipeline and Hazardous Materials Safety Administration (“PHMSA”), the U.S.A regulator of hazardous pipeline operations. Similar to prior product development sprints, we intend to follow “The Lean Start-up” software development model wherein client and prospect feedback drives functionality specifications and development priorities and minimally viable revenue generating products are developed and released to market as soon as is practical. Some of our clients who understand the benefits of transforming CIM to a platform have expressed potential interest in contributing collaborative user input and/or other resources to develop new algorithms and products to be part of the CIM platform.

We believe that the new algorithms, predictive analytical models and other data science capabilities, when completed as envisioned, will increase the potential total addressable market (“TAM”) for the Company’s products. We believe that by integrating and correlating pipeline inline inspection (“ILI”) data with other data sets (e.g., cathodic protection, types of pipeline steel, coatings, soil, etc.), we will be able to develop and market innovative new solutions that will use direct assessment analyses, risk management processes and other analytical and predictive functions that operators seek to maintain and improve their operational compliance with PHMSA regulations on a more efficient and effective basis.

Technology Development to Increase Revenue Potential and Competitive Moat

As noted in previous communiques, we believe that revenue from new functionality and solutions will be accretive to current CIM revenues, supporting our expectation that revenue metrics can be increased once new functionality and products are commercialized in the future.

Regarding technology, we believe that OneSoft’s “first mover” advantage in having developed and commercialized the first oil and gas pipeline integrity management solutions based on cloud computing, machine learning and data science has established a highly competitive go-to-market position. Potential competitors who might embark on development of similar CIM type functionality will likely face formidable obstacles to catch up to and displace OneSoft solutions, as such competitors will first need to assemble data science development teams, establish collaborative technology and sales relationships with companies like Microsoft and Worley, undertake significant efforts to get access to pipeline ILI data from pipeline operators, expend millions of dollars to develop their solutions, identify and engage private preview software users and then execute extensive product validation efforts, before their solutions will be purchased by clients.

We believe the enormity of replicating our technology and solutions may dissuade certain current industry vendors who provide legacy products from embarking on such an extensive project due to the very significant development costs and lengthy timeframe which would likely be required to replicate OneSoft’s intellectual property, from initial development to market validation by clients. Providing we continue to pursue cutting-edge R&D initiatives, we believe it will be very challenging for new entrants to catch up to OneSoft and deliver superior solutions, because of our significant head start regarding the technology, client and business advancements we have achieved.

Operational Expectations – Fiscal 2019 and Beyond

We believe that OneSoft is positioned as the machine learning technology leader within our markets today. The April 2019 Financing strengthened our balance sheet and provided the resources necessary to maintain and advance our technological lead. New personnel have been hired to augment the development and sales teams since closing of the April 2019 Financing, and efforts are ongoing to hire additional staff to further increase the Company’s capability to accelerate product development and business growth. Although we are not aware of any competing solutions today that rival CIM’s capabilities, or any potential competitors that are close to releasing a similar machine learning solution, we believe that the industry is becoming well aware of the benefits of these types of solutions and that our efforts to date have positioned the Company to evolve the CIM platform for future opportunities to support revenue growth.

New R&D sprints commenced in Fiscal 2019 are not expected to complete before year end, and recognition of revenue associated with these development sprints, if any, is not likely to occur until at least Fiscal 2020. The Company is well-positioned to pursue accelerated development, marketing and sales initiatives. Whereas the investment in new product development is expected to result in operational losses until such time as new products are commercialized and revenue-generating, 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.

LD MicroCap

OneSoft Solutions Inc. Reports Q1 2019 Results

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

Edmonton, Alberta, Canada (May 23, 2019) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS, OTCQB: OSSIF), a North American developer of cloud-based business solutions, is pleased to announce its financial results for the first quarter of fiscal 2019 that ended March 31, 2019. Please refer to the interim unaudited condensed Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2019 filed on SEDAR at www.sedar.com for more information.

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

Financial Summary for Q1 Ended March 31, 2019:

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

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

Operational Highlights for Q1 Ended March 31, 2019

Highlights for Q1 include the following:

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

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

Subsequent to Quarter End:

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

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

Business Outlook:

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

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

AGSM Update and Grant of Stock Options

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

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair    

For more information, please contact

Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca
780-437-4950
Sean Peasgood, Investor Relations
Sean@SophicCapital.com
647-494-7710

Forward Looking Statements:

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

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

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

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

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

OneSoft Closes $9.2 Million Bought Deal Financing

Edmonton, Alberta – April 25, 2019 – OneSoft Solutions Inc.  (TSXV: OSS) (“OneSoft” or the “Company”) is pleased to announce that it has closed its previously announced short form prospectus offering (the “Offering“) of 11,500,000 common shares (the “Common Shares“) of the Company at a price of $0.80 per Common Share. The Offering also included 1,500,000 Common Shares issued pursuant to the exercise of the over-allotment option in full, for aggregate gross proceeds of $9.2 million.

The Offering was completed on a bought deal basis and was underwritten by Clarus Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included Cormark Securities Inc. and Beacon Securities Limited. In consideration for their services, the syndicate of underwriters received a cash commission equal to 6% of the gross proceeds of the Offering and Broker Warrants (each a “Broker Warrant”) equal to 6% of the Common Shares sold pursuant to the Offering. Each Broker Warrant entitles the holder thereof to purchase one Common Share at a price of $1.00 for a period of 12 months following the Offering’s closing date.

The net proceeds from the Offering will be used by the Company to accelerate new product development, marketing and sales initiatives, and for working capital and general corporate purposes.

The shares were offered in each of the provinces in Canada, other than Quebec.

About OneSoft

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (MSFT:NASDAQ) Azure Cloud Platform.   Our business strategy is to seek opportunities to incorporate Data Science, 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 Sciences, Machine Learning, Predictive Analytics and Big Data to assist Oil & Gas pipeline operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.onebridgesolutions.com for more information.

ON BEHALF OF THE BOARD OF DIRECTORS
ONESOFT SOLUTIONS INC.  

Douglas Thomson

Chair    

For more information, please contact:

Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca
780-437-4950
Sean Peasgood, Investor Relations Sean@SophicCapital.com
647-494-7710

Forward-looking Statements

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

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

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

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

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

OneSoft Solutions Announces $8 Million Bought Deal Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

EDMONTON, Alberta, April 04, 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 that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 10,000,000 Common Shares (the “Common Shares”) of the Company at a price of C$0.80 per Common Share (the “Offering Price”) for aggregate gross proceeds to the Company of C$8,000,000 (the “Offering”).

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 1,500,000 Common Shares at the Offering Price, exercisable in whole or in part at any time for a period ending 30 days from the closing of the Offering.

In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the Offering will be C$9,200,000.

The Company intends to use the net proceeds from the Offering to accelerate new product development and marketing and sales initiatives, and for working capital and general corporate purposes.

The Common Shares will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, other than the Province of Quebec, by way of a private placement in the United States, and in those jurisdictions outside of Canada and the United States which are agreed to by the Company and the Underwriters, where the Common Shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

The Offering is expected to close on or about April 25, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV Exchange (the “Exchange”).

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to internal expectations, estimated margins. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

For more information, please contact

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

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