Replies to post #2783 on Sonasoft Corp (SSFT)

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Upon completion of the 2017 audit, the company intends to uplist to OTCQB and eventually to the NASDAQ.

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Acquisitions
On January 4th, 2018 the Company announced that it had signed a letter of intent (LOI) to acquire Cornerstone Technologies. Once this acquisition is completed, the combined company’s annual revenue will be approximately $15 million. It is projected that the service division of the newly combined company will increase sales of the Sonasoft's email archiving and eDiscovery software solutions.

The Company intends to complete the acquisition of Cornerstone Technologies in the coming weeks.

Furthermore, The Company has identified and is in discussions with at least two additional companies for potential acquisition. These potential acquisitions will not only improve the company’s bottom line but will also enhance the company’s ability to diversify into new sectors of the technology industry and develop, implement, and sell new innovative technology solutions.

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Preferred Stock Initiative
In 2018, the Company will issue preferred stock and implement an initiative that will allow shareholders to convert their common stock into preferred stock. The Company anticipates that at least 25 percent of its outstanding shares will be converted into preferred stock. 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 to their investments.

“We are committed to executing on our aggressive growth strategy”, said Mike Khanna. “The expansion of our ongoing initiatives and the development of exciting new technology solutions has the company poised to have the biggest year on record. Following the true spirit of Silicon Valley, we intend to fearlessly innovate and dictate the evolution of the IT sector. We are pleased with our achievements to date and absolutely determined to execute our plan for rapid expansion into new markets, products, and business sectors. Stay tuned, as we are just getting started!”

Further updates from the company can be expected in the coming weeks.