Sonasoft Corp. Provides Revenue Projections of $13 Million Resulting from Acquisition of Cornerstone Technologies
01 June 2018 - 9:34PM
InvestorsHub NewsWire
San Jose, CA -- June 01, 2018 -- InvestorsHub NewsWire --
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:
https://twitter.com/Sonasoft
For further information on Sonasoft and our products and
services, please visit:
https://www.sonasoft.com
To learn more about Cornerstone Technologies’ services and for a
no-cost consultation for solutions it can provide, contact
Cornerstone Technologies at:
http://cornerstonetechnologies.com
About Sonasoft
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.
Forward-looking Statements
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.
For more information about Sonasoft’s email archiving solutions and business continuity software, contact: Mike Khanna, President Sonasoft Corporation Phone: (408) 708-4000
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