OneSoft’s Machine Learning Solutions Showcased at Microsoft-Executive Briefing Center in Brussels for EMEA Oil and Gas Executives
Opportunity to Expand Sales Channel Outside of North America
Edmonton, Alberta, May 14, 2018 (GLOBE NEWSWIRE) -- OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to report that Brandon Taylor, CTO and President of OneSoft’s OneBridge USA subsidiary, presented the Company’s Machine Learning solutions at an Executive Briefing Center event hosted by Microsoft last week in Brussels, Belgium. Mr. Taylor demonstrated the Company’s technology to senior oil and gas (O&G) industry executives from Europe, Middle East and Africa (“EMEA”) and subsequently engaged in one-on-one meetings with prospective customers and potential reseller partners during the two-day event.
“The invitation to present at this event with other high-profile industry leaders including Baker Hughes GE, PriceWaterhouseCoopers and Honeywell continues to demonstrate Microsoft’s strong commitment to market OneBridge’s solutions globally,” said Mr. Taylor. “We were thrilled to introduce our Machine Learning solution to prospective customers outside of North America, and to meet the executives and decision makers with whom we will follow up as part of our sales process.”
The event was organized to enlighten attendees about Microsoft’s technology and partner strategies that can assist Oil & Gas organizations to accelerate their digital transformation to leapfrog ahead of competitors, by leveraging Data Science, AI and Machine Learning, and Predictive Analytics.” Click here for more information about the event.
Professionals in Oil & Gas Industry Set to Retire en Masse
Microsoft reported that this is a pivotal time for the Oil & Gas industry, as 2018 represents the first time in history that more employees are expected to leave the industry than enter it, with an estimation that half of the current workforce will retire within the next 6 years. We believe this bodes well for OneSoft, as our cutting-edge solutions automate manual processes and are highly appealing to technology-savvy professionals who are early career entrants to the Oil & Gas industry.
About OneSoft Solutions Inc.
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 (“SaaS”) 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 Data Science and Machine Learning to apply predictive analytics to big data, which 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 http://www.onebridgesolutions.com/ for more information.
This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of 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 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; sufficient budgeted capital expenditures to carry 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.
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Source: GlobeNewswire
(May 14, 2018 - 7:00 AM EDT)
