SSFT - SSFT STOCK NEWS

Sonasoft Corp. (OTCQB: SSFT) announced its decision to voluntarily delist from the OTCQB market and revert to a private entity. The Board of Directors unanimously concluded that this move offers substantial benefits including cost savings, reduced managerial burdens, and better equity capital attraction as a private firm. Following the delisting, SSFT stock may still be quoted on the OTC Pink market, although trading conditions may worsen due to lower transparency and higher volatility. CEO Mike Khanna stated this decision aims to enhance long-term growth prospects.

Sonasoft Corp (OTCQB: SSFT) has announced the sale of its wholly-owned subsidiary, Cornerstone Tech Inc., for cash consideration of approximately $730,000. This transaction marks a key step in Sonasoft's transformation into an all-AI company, a goal initiated with Cornerstone's acquisition in 2019. Additionally, the company has raised $1.5M from the sale of restricted common stock and $1M from preferred stock, eliminating over $10M in liabilities, thus entering Q4 with a significantly strengthened balance sheet. The AI and engineering teams will concentrate on enhancing the SAIBRE AI ecosystem.

Sonasoft Corp. (OTCQB: SSFT) announces the appointment of Rajiv Kaushik as Senior Vice President of Product. Bringing extensive experience from major firms like Boston Scientific and Wells Fargo, Kaushik is expected to enhance Sonasoft's product strategy, particularly in the financial services and health data markets. COO Paul Clauson and Chief Data Officer Caroline Zabarowski express confidence in Kaushik's ability to contribute positively to the company's growth and client service. Sonasoft, founded in 2003, focuses on AI applications supported by the SAIBRE AI ecosystem.

Sonasoft Corp. (OTCQB: SSFT) has entered a Letter of Intent (LOI) for a strategic partnership with Diagnose Early, aimed at enhancing patient outcomes through AI-driven early detection of diseases. The collaboration will utilize Sonasoft's AI platform, SAIBRE, to analyze extensive data from Diagnose Early labs. This partnership is backed by a Nobel Prize-winning team, including experts from Stanford and Harvard. The final terms of the agreement are expected to be completed by the end of May 2022.

Sonasoft Corp. (OTCQB: SSFT) concluded 2021 with significant advancements, focusing on their AI Bot Runtime Engine, SAIBRE. This platform positions Sonasoft as a leader in AI technology, offering fast deployment of AI bots for enterprise needs. In 2021, they formed a strategic OEM partnership with Information Visibility Technology to enhance healthcare solutions through AI, targeting inventory management and dynamic pricing. With a commitment to end-to-end AI projects, Sonasoft aims to address AI implementation challenges and support businesses in overcoming AI debt.

On August 18, 2021, Sonasoft Corp. (OTCQB: SSFT) announced a strategic partnership with Information Visibility Technology (IVT), focusing on enhancing healthcare solutions through AI. The collaboration will utilize Sonasoft's AI engine, SAIBRE, to develop two AI bots aimed at improving inventory management and dynamic pricing in healthcare. These innovations aim to address supply chain challenges heightened by the pandemic, promising significant cost reductions for clients in the competitive healthcare market.

Logiq, Inc. partners with Sonasoft Corp. (OTCQB: SSFT) to leverage the SAIBRE AI bot engine, aiming to enhance business insights. Since February 2021, both companies collaborated on a proof of concept (POC) focused on intelligent forecasting of sales and credit data to boost efficiency and revenue. The initial findings from the data assessment have ignited discussions for future AI solutions. Logiq sees significant potential in markets like Indonesia, with high mobile penetration and unbanked consumers, while Sonasoft is eager to demonstrate the capabilities of its SAIBRE AI technology.

Sonasoft Corp. (OTCQB: SSFT) announced a Letter of Intent (LOI) for a strategic partnership with Information Visibility Technology (IVT), focusing on healthcare information technologies. This collaboration aims to utilize Sonasoft's AI engine, SAIBRE, to develop two AI bots: an inventory management bot for better supply and demand forecasting and a dynamic pricing bot to modernize pricing approaches in healthcare. Founded in Silicon Valley in 2003, Sonasoft continues to innovate in AI-driven solutions.

Sonasoft Corp. (OTCQB: SSFT) has launched its new AI platform, SAIBRE, which replaces the previous NuGene system. SAIBRE, short for Sonasoft AI Bot Runtime Engine, offers end-to-end AI solutions aimed at simplifying AI bot creation for businesses without extensive data science resources. The platform promises zero-effort AI deployment and maintenance, featuring advanced monitoring and customizable dashboards. Designed for ease of use, it enables companies to swiftly create and manage AI bots, leveraging Sonasoft's patent-pending technology.