OneSoft management presented a 30 minute overview of the Company at the conference and conducted one-on-one meetings with potential investors through the day.
Online PR News – 07-July-2017 – OneSoft Solutions Inc. (the Company or OneSoft) (TSX-V: OSS, OTCQB: OSSIF) is pleased to announce that the Company was one of 35 MicroCap public companies that presented to interested potential investors at the MicroCap Investor Conference held in Toronto on June 27, 2017. Approximately 150 investors and analysts attended the event, wherein OneSoft management presented a 30 minute overview of the Company to an open audience and conducted one-on-one meetings throughout the day with certain potential investors who were seeking more information about the Company.
OneSofts wholly owned subsidiary, OneBridge Solutions Inc., has created a software solution which assists oil and gas pipeline companies to save lives, protect the environment and reduce costs by helping those companies identify and prioritize segments of their pipelines that need refurbishment and repair before pipeline failures occur. Led by Tim Edward and Brandon Taylor, Presidents of Canadian and US OneBridge operations, respectively, and assisted by a highly trained team of software developers and data scientists, OneBridge has developed software on the Microsoft cloud platform that uses machine learning, predictive analytics and big data to align and analyze features from pipeline in-line inspection data sets and presents the analyses and insights in a highly intuitive and insightful manner that cannot be practically replicated without such cloud computing technologies.
We were highly encouraged by the response we received from potential investors, who appeared to understand and appreciate the new technology concepts that we have embraced to develop our Cognitive Integrity Management, or CIM, solution commented Dwayne Kushniruk, CEO of OneSoft. Most attendees also commented positively about our participation in the Microsoft Accelerator program and our ongoing collaborative working relationship with Microsoft, which they believe generates a high degree of credibility and differentiation of OneSoft from other compelling small cap technology opportunities.
Alberta Investor Tax Credit (AITC) Program
OneSoft has received approval from the Alberta Government to raise up to $4,034,550 of new equity capital, under conditions set out in section 37 of the Investing in a Diversified Alberta Economy Act designed to spur economic diversification and job creation. The Companys eligibility in the AITC program should be of high interest to Alberta investors who currently own share purchase warrants previously issued by the Company, and whom we believe may be encouraged to exercise their warrants to acquire shares. Warrant holders who file Alberta tax returns may qualify to receive tax credits equal to 30% of the amount invested to exercise warrants to acquire new shares in the Company. Investors must meet various conditions to qualify for this tax credit as outlined in the AITC legislation.
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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 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 several 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.
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