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Edmonton, Alberta, Canada (January 11, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into an agreement with another Fortune 500 company (the “Client”) to use Cognitive Integrity ManagementTM (“CIM”) as an integral component of its pipeline integrity management process. CIM is a SaaS solution that incorporates proprietary machine learning algorithms and other data science components of Microsoft Azure and cloud technologies to manage and conduct predictive analytics on big data pertaining to oil and gas pipelines.“We are pleased that another customer who initially commenced using CIM on a pilot project trial basis has now transitioned to use CIM on an ongoing, commercial basis” said Tim Edward, President of OneBridge. “This corroborates our belief that machine learning and data science cloud technologies can deliver better data management and analytics than legacy solutions provide, and that incorporating CIM as an integral component of pipeline integrity management provides a high-value proposition for pipeline operators.”The Client is a USA-based company, which together with its subsidiaries, is one of the largest petroleum product refiners, marketers and transporters in the United States. Its operations include multiple refineries, comprehensive terminal and transportation systems, extensive wholesale divisions and one of the largest chains of company-owned and operated retail gasoline and convenience stores within the USA. The Company’s major projects include significant investments in software and technology to streamline operations, reduce costs and provide for future growth. A plan to incorporate the Client’s use of CIM through calendar 2018 has been determined, which services will commence immediately.
About OneSoft Solutions and OneBridge
OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ “MSFT”) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft's business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.OneBridge develops and markets revolutionary new SaaS solutions that use data science and Machine Learning to apply predictive analytics to big data for the Oil & Gas pipeline industry, which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.Visit www.onebridgesolution.com for more information.
For more information, please contact
Dwayne Kushniruk, CEO
Sean Peasgood, Investor Relations
This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management's current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
OneSoft Solutions Presenting at the SNN Network Virtual Investor Conference on Monday, August 3, 2020
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