OneSoft Solutions Inc. Announces Due Bill Trading Information for Cash Distribution and Special Dividend

EDMONTON, ALBERTA–(Marketwired – Aug. 6, 2014) –

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OneSoft Solutions Inc., formerly Serenic Corporation, (TSX VENTURE:OSS) (“OneSoft” or the “Company”) is pleased to announce a cash distribution by way of a return of capital of $0.26 per common share of the Company on a fully diluted basis (the “Cash Distribution”) as well as the payment of a special dividend of $0.19 per common share of the Company on a fully diluted basis (the “Special Dividend”). Both the Cash Distribution and Special Dividend were previously announced in the press release dated July 28, 2014, and will be done in accordance with the applicable “Due Bill” trading procedures of the TSX Venture Exchange.

The Cash Distribution is payable on August 29^th, 2014 (the “Cash Distribution Payment Date”) to shareholders of record as at the close of business on August 22^nd, 2014 (the “Cash Distribution Record Date”). OneSoft’s common shares will be traded in accordance with the “Due Bill” procedures with respect to the Cash Distribution from August 20^th, 2014 until the close of trading on the Cash Distribution Payment Date (the “Cash Distribution Due Bill Basis Period”). Any trades executed on the TSX Venture Exchange during the Cash Distribution Due Bills Basis Period will be identified to ensure that purchasers of OneSoft’s common shares receive entitlement to the Cash Distribution whereby the sellers of OneSoft’s common shares during this Cash Distribution Due Bill Basis Period will also sell their entitlement to the Cash Distribution to the respective purchasers of such common shares. OneSoft’s common shares will commence trading on an “ex-distribution” basis without an attached “Due Bill” entitlement to the Cash Distribution from the opening of trading on September 2^nd, 2014, the next trading day after the Cash Distribution Payment Date. The last day for settlement of trades executed during the Cash Distribution Due Bill Basis Period will be September 4^th, 2014, which is the Cash Distribution Due Bill redemption date.

The Special Dividend is payable on September 12^th, 2014 (the “Special Dividend Payment Date”) to shareholders of record as at the close of business on September 5^th, 2014 (the “Special Dividend Record Date”). OneSoft’s common shares will be traded in accordance with the “Due Bill” procedures with respect to the Special Dividend from September 3^rd, 2014 until the close of trading on the Special Dividend Payment Date (the “Special Dividend Due Bill Basis Period”). Any trades executed on the TSX Venture Exchange during the Special Dividend Due Bills Basis Period will be identified to ensure that purchasers of OneSoft’s common shares receive entitlement to the Special Dividend whereby the sellers of OneSoft’s common shares during this Special Dividend Due Bill Basis Period will also sell their entitlement to the Special Dividend to the respective purchasers of such common shares. OneSoft’s common shares will commence trading on an “ex-dividend” basis without an attached “Due Bill” entitlement to the Special Dividend from the opening of trading on September 15^th, 2014, the next trading day after the Special Dividend Payment Date. The last day for settlement of trades executed during the Special Dividend Due Bill Basis Period will be September 17^th, 2014, which is the Special Dividend Due Bill redemption date.

Shareholders do not need to take any further action. OneSoft’s transfer agent will send to registered shareholders a cheque representing the Cash Distribution and Special Dividend and beneficial shareholders will have their brokerage accounts automatically updated to reflect the Cash Distribution and Special Dividend.

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. More particularly and without limitation, this press release contains forward-looking information concerning the Cash Distribution and Special Dividend. Such forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. In respect of the forward-looking information and statements concerning the Cash Distribution and Special Dividend, the Company has provided such in reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release.

Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; failure to realize the Cash Distribution and Special Dividend; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release