OneSoft Appoints U.S. Oil and Gas Industry Veteran as New VP Sales for OneBridge

OneSoft Solutions Inc.


OneSoft Appoints U.S. Oil and Gas Industry Veteran as New VP Sales for OneBridge

Tuesday, February 18, 2020 7:00 AM

EDMONTON, AB / ACCESSWIRE / February 18, 2020 / OneSoft Solutions Inc. (the "Company" or "OneSoft") (TSX-V:OSS, OTCQB:OSSIF) is pleased to announce the appointment of Dan Tipton to the new position of Vice-President, Sales for OneBridge Solutions Inc. ("OneBridge"), the Company's wholly owned operating subsidiary. Mr. Tipton is an experienced Houston-based, sales professional with proven career success in the creation and management of top-tier, high performing sales and business development units within the oil & gas, enterprise software, utility, power generation, pipeline, and industrial/manufacturing sectors.

"What brought my attention and interest to OneBridge is the Company's success of signing oil and gas industry leaders to its machine learning solution," said Mr. Tipton. "All of these clients have validated OneBridge's platform, and we are now ready to scale sales growth, particularly through expansion of our SaaS recurring revenue business model. I am delighted to join OneBridge and lead our team with a disciplined and rigorous approach to the sales process, and a strong focus on customer service."

"Dan is a seasoned professional who has significant sales experience with C-suite oil and gas executives, especially in Houston which is where most of our sales activities are focused," said Brandon Taylor, President and COO of OneSoft. "He's a hands-on, process-driven individual who believes in measuring every activity to uncover areas of improvement to scale sales. We are pleased to welcome Dan to the team."

"Dan's appointment is strategic and timely to our growth plan of leveraging our ‘First Mover Advantage' using machine learning and data science to assist oil and gas pipeline operators to achieve their objectives of zero pipeline failures," added Tim Edward, OneBridge President and Visionary. "The appointment of a senior executive responsible for growing sales will allow our OneBridge Innovation Lab , a new center that will work with Microsoft, clients and partners to leverage our expertise, to fully concentrate on uncovering and developing new white space opportunities that can augment OneSoft's growth."

Mr. Tipton resides in Houston, Texas and will join the Company on February 24, 2020.

About OneSoft and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft [NASDAQ:MSFT] 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 subsidiary, OneBridge Solutions Inc., 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:

Dwayne Kushniruk, CEO
[email protected]
(780) 437‐4950

Sean Peasgood, Investor Relations
[email protected]
(647) 494-7710

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company, the Company's efforts to develop and commercialize the technology with the capabilities 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 for the purpose of delivering 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: 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 efficacy of its software, its ability to complete projects to expected deadlines, 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 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; human capital engagement and availability, ability to access sufficient financial 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 as a result 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: OneSoft Solutions Inc.


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