Vancouver, BC / TheNewswire / October 24, 2017 — Eight Solutions Inc. (TSXV:ES) (“Eight Solutions” or the “Company”) announced the latest version of its Cumul8:Jetstream high speed file transfer solution along with the launch of a new website to support the release.

In addition to Jetstream’s already powerful and flexible file transfer functionality, version 1.3 introduces sandboxing for defining user security and permissions, super user and group capabilities, and additional APIs for managing manifests.

With a highly intuitive and elegant user interface designed by a team with extensive experience in the entertainment and gaming industries, Jetstream does not sacrifice form for function. An optimized protocol using 100% of its allocated bandwidth allows Jetstream to accelerate large data transfers over unreliable and high latency connections. To keep data highly secure, Jetstream incorporates unique user-level authentication and transfer-level encryption. Users can also seamlessly integrate to existing workflows with extensive, built-in APIs to automate data deliveries and transfers as an example.

“Jetstream was originally developed because we needed a solution internally for our own high volume data transfers on the 3D software side,” says Eight Solutions CEO Rory Armes. “Because we couldn’t find the right solution for our requirements – both from a functionality and cost perspective – we ended up building our own. Designed by power users and already battle-tested, we realized that Jetstream was a solution many others could use. With the release of version 1.3, Jetstream is poised to disrupt the file transfer market.”

A 30-day free trial for unlimited users and without bandwidth or transfer caps is available at http://jetstream.cumul8.com.

The Company has also issued 200,000 options to officers and directors to acquire common shares of the Company at $0.08 per share.

About Eight Solutions

Eight Solutions brings together highly visual and user-centric technology solutions designed and developed by a team of entertainment and gaming industry veterans with a combined 60+ years of experience working on some of the world’s most successful films and video games. The Eight Solutions product portfolio includes Cumul8, an Industrial Internet of Things (IoT) self-serve data analytics and visualization platform; Jetstream, a high speed file transfer application; and Reelhouse, a powerful streaming video-on-demand solution allowing filmmakers to distribute their content directly to users. For more information, visit www.eightsolutions.com.

On Behalf of the Board of Directors

 

(signed) “Rory Armes”                

Rory Armes

Chief Executive Officer, President and Director

Neither 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:

Investor Relations

investor.relations@eightsolutions.com

Suite 100, 138 East 7th Avenue

Vancouver, British Columbia, V5T 1M6

Phone: (604) 669-8885

Fax: (604) 669-8855