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Edmonton,Alberta, Canada (December 31, 2019) – OneSoft Solutions Inc. (the “Company” or “OneSoft”)(TSX-V: OSS; OTCQB: OSSIF) announced today that it has renewed theappointment of Sophic Capital Inc. (“Sophic Capital”) as its Capital Markets Advisoryfirm. As part of the contract renewal, Sophic Capital will continue to manageOneSoft’s investor relations activities, focusing on increasing investorawareness of OneSoft by advancing its communications strategy withshareholders, investors, investment dealers and other financial professionals.
OneSoft’s engagement with Sophic Capital is a 12-monthterm, on a fee-for-services basis of $7,000 per month. In addition, OneSoft hasgranted Sophic 400,000 options to purchase OneSoft shares at a price of $0.63per share. Options will vest over 12 months and unexercised vested options willexpire ninety (90) days after Sophic Capital ceases to provide services to theCorporation, or in any event on December 24, 2022.
About Sophic Capital
Sophic Capital is a capital markets advisory firm for public andprivate growth companies, specializing in developing complete capital markets strategiesfor companies across all stages of development. Sophic Capital’s depth ofknowledge in the technology sector, clean technology and special situationsmarkets combined with decades of experience working in the capitalmarkets, makes it an ideal partner to help lower the cost of capitaland accelerate growth. Formore information, visit www.sophiccapital.com.
About OneSoft andOneBridge
OneSoft hasdeveloped software technology and products that have capability to transitionlegacy, on-premise licensed software applications to operate on the Microsoft [NASDAQ:MSFT] Azure CloudPlatform. Our business strategy is toseek opportunities to incorporate Data Science and Machine Learning, businessintelligence and predictive analytics to create cost-efficient,subscription-based software-as-a-service solutions. Visit www.onesoft.ca for moreinformation.
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
Sean Peasgood, InvestorRelations
Thisnews release contains forward-looking statements relating to the futureoperations, product creation revenues and profitability of the Company, theCompany’s efforts to develop and commercialize the technology with thecapabilities 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” andsimilar expressions. Any statements that are contained in this news releasethat are not statements of historical fact may be deemed to be forward-lookingstatements. Such forward-looking information is provided for the purpose ofdelivering information about management's current expectations and plansrelating to the future. Investors are cautioned that reliance on suchinformation may not be appropriate for other purposes, such as makinginvestment decisions.
In respect of theforward-looking information and statements, the Company has placed reliance oncertain assumptions 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 the performanceof contracts; and that there are no unforeseen material development or othercosts related to current growth projects or current operations. Accordingly,readers should not place undue reliance on the forward-looking informationcontained in this press release. Since forward-looking information addressesfuture events and conditions, such information by its very nature involvesinherent risks and uncertainties. Actual results could differ materially fromthose currently anticipated due to many factors and risks. These include, butare not limited to the risks associated with the industries in which theCompany operates in general such as: costs and expenses; interest rate andexchange rate fluctuations; competition; human capital engagement and availability,ability to access sufficient financial capital from internal and externalsources; and changes in legislation, including but not limited to tax laws.
Readersare cautioned that the foregoing list of factors is not exhaustive.Forward-looking statements contained in this news release are expresslyqualified by this cautionary statement. The forward-looking statementscontained 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 ofthe included forward-looking statements, whether as a result of newinformation, future events or otherwise, except as expressly required byCanadian securities law.
This news releasedoes not constitute an offer to sell or the solicitation of an offer to buy anysecurities within the United States. The securities to be offered have not beenand 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 UnitedStates absent registration or an applicable exemption from the registrationrequirements of such 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 Presenting at the SNN Network Virtual Investor Conference on Monday, August 3, 2020
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