OneSoft Solutions Presenting at April’s Planet MicroCap Showcase: VEGAS 2023

Rhea-AI Summary

OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) announced that President and COO Brandon Taylor will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023. The Company has achieved a 76% CAGR in revenue over 6.5 years and anticipates revenue growth of approximately 50% in 2023, projecting to exceed $10 million. Currently, only 54% of the customer pipeline miles under contract are generating revenue, highlighting future growth potential. OneSoft's solutions are gaining recognition as industry standards among U.S. pipeline operators, including Fortune 50 companies. The Company expects no additional capital requirement for its operations. Investors can register for 1x1 meetings with Taylor during the event.

Positive

• 76% CAGR in revenue over the past 6.5 years.
• Projected revenue increase of approximately 50% in 2023 to exceed $10 million.
• 54% of customer pipeline miles are onboarded and generating revenue, indicating future growth potential.
• Recognition as a new industry standard among U.S. pipeline operators, including Fortune 50 clients.
• No expectation to raise additional capital for operations.

Negative

• None.

EDMONTON, AB / ACCESSWIRE / April 21, 2023 / OneSoft Solutions Inc. (the "Company" or "OneSoft") (TSXV:OSS)(OTCQB:OSSIF), a North American developer of cloud-based business solutions, announces that President and COO Brandon Taylor will present at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 at 9am PT / 12pm ET. Mr. Taylor will host 1x1 investor meetings throughout the day on Thursday, April 27, 2023.

"As of December 31, 2022, OneSoft's revenue had a 76% CAGR over the prior 6.5 years of operations. We estimate that, to date, only about 54% of customer pipeline miles under multi-year contracts have been onboarded into our SaaS machine learning solutions and are generating revenues, with expectations that the balance will become fully productive in future periods," said OneSoft Solutions President and COO Brandon Taylor. "We have provided financial guidance in our latest published MD&A (pages 8-10) , wherein we anticipate revenue will increase by approximately 50% to exceed $10 million in 2023 and have no expectation for the Company to raise additional capital to execute our current business and operational plans. We believe OneSoft's solutions are leading the SaaS market in cloud computing, data science and machine learning technologies for oil and gas pipeline integrity operations and are rapidly becoming recognized by the industry as the new de facto standard amongst U.S. pipeline operators, which includes our numerous Fortune 50, 100 and 500 customers. I look forward to discussing our business, our outlook, and our opportunities with investors at Planet MicroCap Showcase: VEGAS 2023."

To access OneSoft Solutions' Planet MicroCap Showcase: VEGAS 2023 live presentation:

Date: Wednesday, April 26, 2023
Time: 9am PT / 12pm ET
Webcast: https://www.webcaster4.com/Webcast/Page/2963/48033

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 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.

OneSoft Solutions Inc. Dwayne Kushniruk, CEO dkushniruk@onesoft.ca 587-416-6787

Sean Peasgood, Investor Relations Sean@SophicCapital.com 647-494-7710

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.

About Planet MicroCap

Planet MicroCap is a global multimedia financial news, publishing and events company focused on news dissemination, providing information, data and analytics for the MicroCap investing community. We have cultivated an active and engaged audience of folks that are interested in learning about and to stay ahead of the curve in the MicroCap space.

If you would like to book 1x1 investor meetings with OneSoft Solutions' President and COO Brandon Taylor and to attend the Planet MicroCap Showcase: VEGAS 2023, please make sure you are registered here: https://planetmicrocapshowcase.com/signup

1x1 meetings will be scheduled and conducted in person at the conference venue in LAS VEGAS.

The Planet MicroCap Showcase: VEGAS 2023 website is available here: https://planetmicrocapshowcase.com/

If you can't make the live presentation, all company presentations "webcasts" will be available directly on the conference event platform on this link under the tab "Agenda": https://planetmicrocapshowcase.com/agenda

News Compliments of Accesswire

SOURCE: OneSoft Solutions via SNN Network

View source version on accesswire.com:
https://www.accesswire.com/750197/OneSoft-Solutions-Presenting-at-Aprils-Planet-MicroCap-Showcase-VEGAS-2023

FAQ

When is OneSoft Solutions presenting at the Planet MicroCap Showcase: VEGAS 2023?

OneSoft Solutions is presenting on April 26, 2023, at 9am PT / 12pm ET.

What revenue growth does OneSoft Solutions anticipate for 2023?

OneSoft Solutions anticipates a revenue increase of approximately 50% to exceed $10 million in 2023.

What percentage of OneSoft's customer pipeline is generating revenue?

Currently, about 54% of the customer pipeline miles under multi-year contracts are generating revenue.

Who is the President and COO of OneSoft Solutions?

Brandon Taylor is the President and COO of OneSoft Solutions.

Where can investors register for meetings with OneSoft Solutions at the event?

Investors can register for 1x1 meetings through the Planet MicroCap Showcase website.