Sonasoft Corp. (OTCPK:SSFT) provides revenue projections of an additional $13 Million annually resulting from the upcoming acquisition of Cornerstone Technologies.
FOR IMMEDIATE RELEASE
(As published on Nasdaq GlobeNewswire)
June 1, 2018 - San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leading technology company specializing in eDiscovery solutions and business continuity services, is pleased to provide revenue projections of an additional $13 Million annually resulting from the upcoming acquisition of Cornerstone Technologies.
The projected $13 million in revenues is a conservative estimate based on the trending sales performance and strength of each company’s current core business. It does not consider/account for the expected growth generated from enhanced access to resources and all related interests and assets that the unification of the companies will provide.
The projected $13 million in added annual revenue from the Cornerstone acquisition is an increase of over 1500% compared to Sonasoft’s revenue last year.
This announcement expands on the definitive purchase agreement to acquire Cornerstone Technologies announced on May 1, 2018. Both companies are currently undergoing an independent audit prior to finalizing the acquisition. Once completed, Sonasoft intends to up-list to OTCQB and become a fully reporting company.
The acquisition of Cornerstone Technologies marks a key milestone as the company continues to execute their 2018 Revenue Growth Strategy announced in February 2018. Sonasoft is advancing a number of corporate and operational initiatives to expand and diversify revenue streams, while simultaneously ensuring the maximum value to shareholders through the delivery of cutting-edge technology solutions. Further updates on the company’s expansion can be expected shortly and on a regular basis as they continue to develop.
The company will be releasing more regular and general updates via Twitter. Please follow us @Sonasoft or by visiting here:
For further information on Sonasoft and our products and services, please visit:
To learn more about Cornerstone Technologies’ services and for a no-cost consultation for solutions it can provide, contact Cornerstone Technologies at:
Sonasoft Corporation is a publicly traded corporation and is listed on the OTC Markets under the trading symbol SSFT. Sonasoft’s core business model includes enterprise-class email archiving, eDiscovery, and business continuity software solutions for Microsoft Business Applications on Microsoft Windows platforms. Sonasoft’s signature products for eDiscovery tools, which include SonaVault 5.0 Email Archiving and eDiscovery Software, as well as SonaVault Email Archiving Appliances, deliver affordable enterprise-level functionality that exceeds compliance and ease-of-use requirements of small and medium-sized businesses, governments, school districts, organizations, and enterprises. The company also launched SonaSecure, which protects systems from ransomware and other email-based threats as well as provides email continuity services. In addition, Sonasoft offers data export and migration services for competing email archiving solutions. Sonasoft email archiving and eDiscovery solutions have hundreds of deployments with an exceptionally high degree of customer satisfaction. Founded in 2003, the company is headquartered in San Jose, California.
For more information about Sonasoft’s email archiving solutions and business continuity software, contact:
Mike Khanna, President
Phone: (408) 708-4000
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This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.