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LOS ANGELES, CA/ ACCESSWIRE / May 28, 2019 / OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTCQB:OSSIF), a North American developer of cloud-basedbusiness solutions, todayannounced that President and CTO Brandon Taylor will present the Company’sinvestment thesis at the 9th annual LD Micro Invitational on Tuesday,June 5 at 1:00PM PST / 4:00PM EST. Mr. Taylor will also host investormeetings throughout the day.
“Last week,OneSoft announced that revenue increased 109% year-over-yearin the first quarter of 2019,” said Mr. Taylor. “Post quarter-end, westrengthened the balance sheet with a $9.2 million bought financing thatincreased our cash to $12.7 million. Since the beginning of this year we’veadded several new clients including an oil and gas Super-major, a Fortune 500 company and a large conglomerate’s subsidiary. We’ve alsoformalized plans to accelerate our technology road map to increase revenuepotential and our competitive moat. I look forward to updating existingshareholders and meeting new potential investors when OneSoft returns to the LDMicro Invitational.”
"This year’sInvitational will showcase some of the most unique names in the financialworld, from early-stage start-ups to well-established names on the nationalexchanges,” said Chris Lahiji, President of LD Micro. “Even though LD hasemerged as one of the largest and most influential organizations in the space,our focus has never deviated from showcasing some of the more interestingbusinesses in the world to our ever growing community.”
The LD MicroInvitational will take place June 4th and 5th in Los Angeles, at the Luxe Sunset Bel Air Hotel,will feature 230 companies, and will be attended by over 1,000 individuals.
View OneSoft’sprofile here: http://www.ldmicro.com/profile/OSS.V.
About LD Micro
LD Micro wasfounded in 2006 with the sole purpose of being an independent resource in themicrocap space.
What started out as a newsletter highlighting uniquecompanies has transformed into several influential events annually(Invitational, Summit, and Main Event).
In 2015, LDM launched the first pure microcap index (the LDMi) toexclusively provide intraday information on the entire sector. LD will continueto provide valuable tools for the benefit of everyone in the small andmicro-cap universe.
AboutOneSoft and OneBridge
OneSoft has developed software technology andproducts that have capability to transition legacy, on-premise licensedsoftware applications to operate on the Microsoft (MSFT:NASDAQ) 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 more information.
OneSoft’s wholly owned subsidiary, OneBridgeSolutions Inc., develops and markets revolutionary new SaaS solutions that useData Science and Machine Learning to apply predictive analytics to big data,which assist Oil & Gas pipeline operators to predict pipeline failures andthereby save lives, protect the environment, reduce operational costs and addressregulatory compliance requirements. Visit www.onebridgesolutions.com for moreinformation.
For more information,please contact
SeanPeasgood, Investor Relations
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.
Inrespect of the forward-looking information and statements, the Company hasplaced reliance on certain assumptions that it believes are reasonable at thistime, including expectations and assumptions concerning, among other things:interest and foreign exchange rates; planned synergies, capital efficienciesand cost-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.
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.
Thisnews release does not constitute an offer to sell or the solicitation of anoffer to buy any securities within the United States. The securities to beoffered have not been and will not be registered under the U.S. Securities Actof 1933, as amended, or any state securities laws, and may not be offered orsold in the United States absent registration or an applicable exemption fromthe registration requirements of such Act or other laws.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in the policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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