Edmonton, Alberta, Canada (April 8, 2024) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V: OSS, OTCQB: OSSIF), a North American developer of cloud-based business solutions, announces that its wholly owned subsidiary, OneBridge Solutions, has commenced targeting potential customers in the European, Middle East and African regions (“EMEA”), who collectively operate more than 250,000 miles of oil and gas (“O&G”) pipelines.
Mr. Jason Tuer, a resident of the United Kingdom, has joined the company as Sales Manager, EMEA. Jason brings nearly 30 years of specialized experience in pipeline integrity matters and is excited to join the OneBridge team to provide value-driven solutions based on the Company’s Cognitive Integrity Management Platform (“CIM”).
Jason’s objectives include expanding the CIM SaaS footprint within EMEA by working with our existing North American-based pipeline customers who have international operations, adding new customers through direct sales efforts, recruiting regional partners who can assist to support this expansion and participating in industry events and initiatives to build the OneBridge/CIM brand and reputation as the global leading software-as-a-service (“SaaS”) solution for pipeline integrity management.
Mr. Brad Eichelberger, OneBridge VP of Sales, and Mr. Tuer, EMEA Sales Manager, will attend “PTC 2024”, Europe’s 19th annual leading pipeline conference and exhibition that takes place in Estrel, Berlin, Germany April 8-11, 2024, to kick-off our EMEA sales and marketing initiatives. Megan Scudder, OneBridge Product Manager, Corrosion, will also attend PTC 2024 and present a paper "Validation of a Probabilistic Corrosion Growth Model" to discuss a simplified method for calculation of pipeline corrosion anomaly growth.
ABOUT ONESOFT AND ONEBRIDGE
OneSoft has developed software technology and products that have capability to transition legacy, on-premises licensed software applications to operate on the Microsoft Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence 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 subsidiaries, OneBridge Solutions Canada Inc. and OneBridge Solutions, Inc., develop and market 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:
OneSoft Solutions Inc.
Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca
587-416-6787
OneBridge Solutions Inc.
James Moore, VP Marketing
marketing@onebridgesolutions.com
Forward-looking Statements
This news release contains forward-looking statements relating to the future operations and profitability of OneSoft Solutions Inc. (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 to deliver 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: the impact of Covid-19 on the business operations of the Company and its current and prospective customers; the availability and cost of labor and services; the efficacy of its software; our interpretation based on various industry information sources regarding the total miles of pipeline in the USA and globally and which segments are piggable; our understanding of metrics, activities and costs regarding evaluation, inspection and maintenance is in alignment with various industry information sources and is reasonably accurate; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; that there are no unforeseen material development or other costs related to current growth projects or current operations; the success of growth projects; future operating costs; interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; the sufficiency of budgeted capital expenditures in carrying out planned activities; and no changes in applicable tax laws. 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; ability to access sufficient 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 because 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.
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