EDMONTON, ALBERTA — (Marketwired) — 04/28/15 — OneSoft Solutions Inc. (the “Company” or “OSS”) (TSX VENTURE: OSS), a North American developer of cloud business solutions announced today that it has implemented a 10% fixed stock option plan which allows for a maximum grant of 3,519,445 stock options and has granted stock options to employees, officers, and directors of the Company.
As part of the Company–s efforts to implement compensation plans to foster motivation and retention of employees, directors and officers, the Company has granted a total of 1,899,000 options to employees of the Company–s operating subsidiaries and directors and officers of the Company. These options are being granted subject to the Company obtaining the necessary regulatory and TSX-V approvals. Options will be granted in accordance with the terms of the Company–s 10% fixed stock option plan and will have a strike price of $0.10 per share, will be subject to vesting provisions, and will expire in five (5) years if unexercised.
ON BEHALF OF THE BOARD OF DIRECTORS
Doug Thomson, Chairman
OneSoft Solutions Inc.
About OneSoft Solutions Inc.
OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online and Microsoft Azure. OneSoft–s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost efficient subscription based business model utilizing the Microsoft Cloud and is accessible by any online capable device. OneSoft Solutions owns two subsidiaries, OneCloudCo Limited and CloudCo Solutions Inc., which conduct USA and Canadian operations, respectively. Visit for more information.
Forward-looking Statements
This news release contains forward-looking statements relating to the future operations 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 providing 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 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 a number of 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 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
OneSoft Solutions Inc.
Paul Johnston
CFO
OneSoft Solutions Inc.
Dwayne Kushniruk
CEO
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