OneSoft Solutions Inc. (Formerly Serenic Corporation) Reports Financial Results for the Three Months Ended May 31, 2014 - Seite 3

OUTLOOK

The sale of the Serenic operating companies to Sylogist is very beneficial. This has allowed us to unlock approximately $6.9 million (approximately $0.45 per share on a fully diluted basis) of value for shareholders, and also provide funding to advance the on-going Cloud business. With significant investment already having been made in the Cloud technology and products, we anticipate that new OneSoft divisions will now be operated with only minimal staff, and essentially in "start-up" mode until Cloud-only revenues start to occur and build.

The OneSoft IP includes: the underlying cloud technology that enables Serenic's legacy Dynamics NAV ERP products to be re-configured for Microsoft's Cloud and volume strategies: and, three products: Express, Essentials and Donor Vision 2013, which are derivative products of the Serenic legacy products. OneSoft's first order of business is to execute upon its plans to sell the OneSoft products into new NFP markets that are ideally suited for these products, which have not historically been addressable with Serenic's legacy solutions. This will be conducted pursuant to the OEM arrangement that OneSoft entered into with the Serenic operating companies immediately prior to Sylogist acquiring the Serenic companies. We intend to also investigate potential opportunities to enter into similar arrangements with other Dynamics NAV vendors who have developed ERP solutions for other vertical markets, whereby OneSoft's underlying technology can be applied to those products, and new volume markets within those verticals can be addressed. We believe that developing this bridge to Microsoft Cloud is not easily repeatable by or feasible for most small software companies to pursue, particularly by those who had not yet committed to this development strategy and are now lagging from a technology perspective.

Management's immediate priority is to now accelerate and leverage the OneSoft strategies. Investigation will be conducted to determine alternatives in this regard, which may include organic growth strategies as well as joint venture or M&A scenarios. The Company has sufficient cash to operate as envisioned (which will likely be on a negative EBITDA basis), for approximately four quarters. We anticipate that further announcements to outline future strategies will be forthcoming in the next couple of quarters.