VANCOUVER BC / TheNewswire / August 11, 2017 — Eight Solutions Inc. (TSXV:ES) (“Eight Solutions” or the “Company”) is pleased to announce the appointment of Mike Devine as the Company’s new Executive Vice President, Sales & Marketing. Mike brings more than 20 years of proven leadership in sales, marketing, and business development in both startup and enterprise size companies.

 

Prior to Eight Solutions, Mike held a senior sales and marketing role at Squirrel Systems--a pioneer in the hospitality technology industry with customers throughout North America, Europe, and the Middle East. At Squirrel, Mike led the team that secured high profile brands such as Wolfgang Puck, Nobu, and Hilton. Mike also brings successful entrepreneurial expertise as a founder of the loyalty software company which was eventually acquired by Squirrel Systems.

 

Coinciding with the appointment of the Executive Vice President, Sales & Marketing, is the departure of Tim Bennison, former COO and Director. While Tim has decided to return to his roots in the video game industry, he has built a strong technology team that will continue to drive the big data vision forward.

 

“Although I’m sad to see Tim go, I’m excited to have Mike on board driving our revenue growth and market expansion,” says Rory Armes, CEO, “This change in the leadership team is the next stage in the Company’s evolution from R&D to a product sales and marketing focus.”

Eight Solutions has also 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

“Rory Armes”
Rory Armes
Chief Executive Officer 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