NEWS: Sonasoft (SSFT) Uplists to Trade on OTCQB Venture Market
Press Release | 10/17/2018
San Jose, CA, Oct. 17, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sonasoft Corp. (OTCQB: SSFT), a leader in email archiving, data migration, and eDiscovery solutions, is pleased to announce that the Company has been approved to trade on the OTCQB Venture Market as of Tuesday, October 16, 2018.
This listing onto OTCQB will allow the Company to expand its stock liquidity, build its visibility with large independent as well as institutional investors, and diversify its shareholder base on an established public market. The upgrade to OTCQB and the maintenance of audited reporting requirements should provide the investment community with the utmost confidence in corporate communications and the financial results posted during this period of exponential growth for Sonasoft.
Further benefits of being listed on the OTCQB Venture Market Include:
Free real-time Level 2 quotes for the public through the OTC Markets website
OTC Markets Reports which provide a weekly summary of the activity in the company’s sector
Other “increased visibility” benefits including the OTCQB Podcasts, enhanced website coverage websites widgets to integrate on the Company’s website, and OTCQB social media platforms
“The move to the OTCQB marks a key milestone in Sonasoft’s development,” states CEO Andy Khanna. “Only a company with a proven and audited track-record and the ability to meet and exceed the stringent reporting requirements can trade on this premium exchange. We are committed to transparency and growth, as seen recently with the completion of our multi-year audit and acquisition of Cornerstone Technologies. We also anticipate the uplist to attract institutional and long-term, sophisticated investors as we move out of the pink sheets and on to this more reputable exchange. Moving forward, investors can expect continued expansion into the AI and eDiscovery space, increased communication to the market, and a continued and steadfast commitment to deliver the maximum value back to our shareholders.”
A number of exciting updates from Sonasoft and its wholly owned subsidiary, Cornerstone Technologies, can be expected over the coming weeks.
For a no-cost consultation and to learn more about more about the power of SonaVault 6.1 eDiscovery and Email Archiving Solution, visit us here: https://www.sonasoft.com/products/sonavault-email-archiving-software/
To obtain the latest company updates in between press releases, please follow us on Twitter @Sonasoft or visit us here: https://twitter.com/Sonasoft
Sonasoft Corporation is a publicly traded corporation and is listed on the OTCQB Market under the trading symbol SSFT (OTCQB:SSFT). Sonasoft is now an AI-first company. The Company intends to integrate artificial intelligence (AI) into the Company’s core business model, which includes enterprise-class email archiving, eDiscovery, and business continuity software solutions for Microsoft Business Applications on Microsoft Windows platforms. Sonasoft’s signature products for eDiscovery tools, which include SonaVault 6.1 Email Archiving and eDiscovery Software, as well as SonaVault Email Archiving Appliances, deliver affordable enterprise-level functionality that exceeds compliance and ease-of-use requirements of large and medium-sized businesses, governments, school districts, organizations, and enterprises. The Company also launched SonaSecure, which protects systems from ransomware and other email-based threats as well as provides email continuity services. In addition, Sonasoft offers data export and migration services for competing email archiving solutions. Sonasoft email archiving and eDiscovery solutions have hundreds of deployments with an exceptionally high degree of customer satisfaction. Founded in 2003, the Company is headquartered in San Jose, California.
About Cornerstone Technologies
Based in the heart of Silicon Valley, Cornerstone Technologies is a leading provider of engineering services focused on the design, deployment, migration, and management of IT workloads for enterprise customers. With an expert focus on messaging migration, identity access management, modern data center, and managed services solutions, Cornerstone Technologies plays a pivotal role in the transformation of their clients' IT environments. Cornerstone Technologies is a key partner to Microsoft, Dell/EMC, VMware, and TransVault, and the Company has built an impressive customer list across multiple verticals, which include retail, high tech, healthcare, public transportation, and financial services.
For further information about Cornerstone Technologies, please visit: https://cornerstonetechnologies.com/
For more information about Sonasoft’s email archiving solutions and business continuity software, contact:
Phone: (408) 708-4000
Source: https://www.sonasoft.com Sonasoft Corp SSFT:OTCQB
Sonasoft Corp. 'Share Rollup' Converts 178M Shares (48 Percent) into Preferred Stock
-- Sonasoft Corp. (OTCQB: SSFT), a leader in eDiscovery, data archiving, and data migration solutions, is pleased to announce that it has completed a 'share rollup' that converts over 178,500,000 shares of its common stock into preferred shares. This action reduces the outstanding share count by approximately 48 percent and leaves the remaining outstanding common share count at approximately 181,500,000.
This initiative was originally announced in February 2018 as part of the Company's '2018 Growth Strategy,' which included this 'Preferred Stock Initiative,' as well as completing a two-year audit, uplisting to the OTCQB, and completing the acquisition of Cornerstone Technologies. The Company has now completed all these initiatives as planned.
Initially, the Company intended to reduce the outstanding share count by approximately 25 percent. However, that number increased significantly as a majority of large shareholders decided to take a long-term view of their investment as the Company continues to rapidly expand. This roll-up will tighten the float of tradable shares, add investment stability, and assure investors that many of the large stakeholders are taking a long-term view," stated Andy Khanna, CEO of Sonasoft. "Sonasoft is confident that this initiative will attract large institutional investors to infuse capital that will fuel future growth and strat egic acquisitions. The rapid growth of 2018 is just the beginning. Investors can expect much more moving forward."
The share structure was updated on OTC Markets as of October 31, 2018, and can be viewed here: https://www.otcmarkets.com/stock/SSFT/profile
The Company continues to press forward with its product and professional services offerings in data archiving, eDiscovery, and the development and integration of artifi cial intelligence (AI) solutions. Sonasoft remains focused on high-growth initiatives to expand operations and deliver maximum value back to shareholders.
Further updates from the Company and its wholly-owned subsidiary, Cornerstone Technologies, can be expected in the coming weeks.
For a no-cost consultation and to learn more about the power of SonaVault 6.1 E-Discovery and Email Archiving Solution, visit us here:
To obtain the latest company updates in between press releases, please follow us on Twitter @Sonasoft or visit us here: https://twitter.com/Sonasoft Ingram Micro Enters into a Partnership to Distribute Sonasoft's Email Archiving and eDiscovery Solution GlobeNewswire
06/26/2016 Sonasoft Corp. (OTCPK: SSFT), a leader in archiving, eDiscovery software, and professional services, announced that Ingram Micro has entered into a partnership with Sonasoft to distribute SonaVault On-premise Email Archiving and eDiscovery Solution. "Ingram Micro is the world's largest distributor of computer and technology products and services", said Andy Khanna, President and CEO of Sonasoft. "We are excited to enter into this partnership because we forecast that it will have a significant impact to our business growth. Sonasoft will announce further developments in the near future."
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.