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Edmonton,Alberta, Canada (February 22, 2019) – OneSoft Solutions Inc. (TSX-V:OSS; OTCQB:OSSIF)(the “Company” or “OneSoft”) ispleased to announce that the Company has been ranked the fourth highest top performer in theTechnology sector on the TSX Venture Exchange. The 2019 TSX Venture 50 list is comprised of 10 companies from each of fiveindustry sectors, with selection criteria based on equally weighted factors of marketcapitalization growth, share price appreciation and trading volume. OneSoftrecorded market capitalization growth of 136% over the prior year, traded 29,408,991shares during 2018, and the Company’s share price increased 96% year over year.
“Qualifyingfor the TSX Venture 50 is a great honor and achievement, particularly by havingreached this milestone so early in our pursuit of new cloud computing software opportunities.Our participation in Microsoft’s first Acceleration program for machinelearning and data science, followed by the adoption of our revolutionarysolutions by five prominent clients to date, including Fortune 500 companiesand an industry super-major, has set the stage for continued success for all ofOneSoft’s stakeholders as we progress from our R&D phase to focus on revenue growth,” stated Dwayne Kushniruk, CEO. “Wegreatly appreciate the contributions of our employees and support of ourshareholders and clients who embrace our vision, and thank the TSX Venture Exchange for thisrecognition.”
For the full 2019 TSX Venture 50ranking, methodology and profile videos of companies included in the ranking,visit: www.tsx.com/venture50. Click here to see OneSoft’s video.
AboutOneSoft and OneBridge
OneSoft has developed softwaretechnology and products that have capability to transition legacy, on-premiselicensed software applications to operate on the Microsoft (MSFT:NASDAQ)Azure Cloud Platform. Our businessstrategy is to seek opportunities to incorporate Data Science and MachineLearning, business intelligence and predictive analytics to createcost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca formore 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, pleasecontact
Dwayne Kushniruk, CEO
Sean Peasgood, Investor Relations
This news release containsforward-looking statements relating to the future operations, product creationrevenues and profitability of the Company, the Company’s efforts to develop andcommercialize the technology with the capabilities and other statements thatare not historical facts. Forward-looking statements are often identified byterms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”,“intends”, “plans” and similar expressions. Any statements that are containedin this news release that are not statements of historical fact may be deemedto be forward-looking statements. Such forward-looking information is providedfor the purpose of delivering information about management's currentexpectations and plans relating to the future. Investors are cautioned thatreliance on such information may not be appropriate for other purposes, such asmaking investment decisions.
In respect of the forward-lookinginformation and statements, the Company has placed reliance on certainassumptions that it believes are reasonable at this time, includingexpectations and assumptions concerning, among other things: interest andforeign exchange rates; planned synergies, capital efficiencies andcost-savings; applicable tax laws; the sufficiency of budgeted capitalexpenditures in carrying out planned activities; the availability and cost oflabour and services; the efficacy of its software, its ability to completeprojects to expected deadlines, the success of growth projects; futureoperating costs; that counterparties to material agreements will continue toperform in a timely manner; that there are no unforeseen events preventing theperformance of contracts; and that there are no unforeseen material developmentor other costs related to current growth projects or current operations.Accordingly, readers should not place undue reliance on the forward-lookinginformation contained in this press release. Since forward-looking informationaddresses future events and conditions, such information by its very natureinvolves inherent risks and uncertainties. Actual results could differmaterially from those currently anticipated due to many factors and risks.These include, but are not limited to, the risks associated with the industriesin which the Company operates in general such as: costs and expenses; interestrate and exchange rate fluctuations; competition; human capital engagement andavailability, ability to access sufficient financial capital from internal andexternal sources; and changes in legislation, including but not limited to taxlaws.
Readers are cautioned that theforegoing list of factors is not exhaustive. Forward-looking statementscontained in this news release are expressly qualified by this cautionarystatement. The forward-looking statements contained in this news release aremade as of the date of this news release, and the Company undertakes noobligation to update publicly or to revise any of the included forward-lookingstatements, whether as a result of new information, future events or otherwise,except as expressly required by Canadian securities law.
This news release does not constitutean offer to sell or the solicitation of an offer to buy any securities withinthe United States. The securities to be offered have not been and will not beregistered under the U.S. Securities Act of 1933, as amended, or any statesecurities laws, and may not be offered or sold in the United States absentregistration or an applicable exemption from the registration requirements ofsuch Act or other laws.
Neitherthe TSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.
OneSoft Solutions Inc. Reports Q4 and Annual Results for Fiscal 2022 and Reiterates Fiscal 2023 Guidance Q4 and Fiscal 2022 Revenues Increased 82% and 55%, Respectively, Year over Year
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