VANCOUVER BC / May 23, 2017 — Eight Solutions Inc. (TSXV:ES) (“Eight Solutions” or the “Company”) is pleased to announce Jetstream is now live. Jetstream is one of the fastest, most intuitive, and least expensive products in the data transfer category.
Jetstream is officially available today. Users can go to http://jetstream.cumul8.com/ and download a 60-day free trial version with unlimited data transfer. Jetstream works with Microsoft Windows, Mac, and Linux, and can seamlessly integrate into any custom or off-the-shelf workflow. Unlike other products, Jetstream uses 100% of its allocated bandwidth, and its unique authentication and transfer-level encryption keeps data secure at all times.
“We know there are a couple of established players in this space, so to compete we had to do something highly disruptive,” says Eight Solutions CEO Rory Armes, “From a pricing, data volume, and usability perspective, Jetstream is best-in-class. I believe we will be able to quickly displace our competition and grab a piece of this fast growing market.”
Eight Solutions has issued 500,000 common shares at a price of $0.09 per share for gross proceeds of $45,000 in connection with a private placement announced on February 21, 2017.
About Eight Solutions
Eight Solutions is a technology company led by a team of video game industry veterans. Eight Solutions’ flagship product is Cumul8, a data analytics and visualization solution. Cumul8 works with any type of data source to help people and companies understand, collaborate, and make better decisions with data. Eight Solutions’ portfolio includes an award-winning 3D software technology licensed to the film industry; and Reelhouse, a unique video-on-demand platform that allows filmmakers to distribute their content directly to users. For more information, visit www.eightsolutions.com.
On Behalf of the Board of Directors
Chief Executive Officer, President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements respecting the use of proceeds and the terms and closing of the transaction. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable; there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to: closing the definitive agreements respecting the transaction, obtaining all regulatory and third party consents, obtaining the requisite shareholder approvals for the transaction, our ability to hire and retain qualified employees and key management personnel; possibility that government policies or laws may change; amount and timing of operating costs and capital expenditures; the success of certain business combinations engaged in by the Company or by its competitors; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; reliance on a limited number of suppliers; risks related to the Company’s competition; the Company’s failure to adequately protect its intellectual property; interruption or failure of information technology systems; the risk that the transaction may not be completed as planned, or at all; and business, legal and/or regulatory risks relating to the Company’s business, financings and strategic acquisitions. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For more Information, please contact:
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