Eight Solutions Completes Licensing Transaction
VANCOUVER, BC, / TheNewswire / March 24, 2015 — Eight Solutions Inc. (CSE:ES) (“Eight” or the “Company”) is pleased to announce it has completed the transaction with Prime Focus Group, originally announced on January 27, 2015.
“Licensing our 3D technology to Prime Focus is just the beginning of our relationship," says Rory Armes, Eight CEO. "Moving forward I see both Eight and Prime Focus working even more closely together to advance not only conversion technology, but also asset management and data visualization tools using Cumul8. Namit Malhotra (Prime Focus CEO) has a strong vision for the future of post production and I am excited our partnership helps advance this vision forward.”
The partnership with Prime Focus completes the first phase in Eight’s strategy to partner with an organization that can take Eight’s disruptive 3D conversion technology to the next level. This transaction will enable the Company to focus on building out its Cumul8 and Reelhouse technologies.
Moving forward, Eight’s roadmap for increasing shareholder value is centered on Cumul8’s live big data dashboard system and its task based asset management system. These offerings are the first releases in a suite of big data visualization tools under the Cumul8 brand.
About Eight Solutions
Eight Solutions Inc. is a media technology company led by a team of gaming industry veterans. The Company creates and develops elegant technology solutions where science and art are brought together to solve business challenges. Eight’s portfolio includes: TwoCubed, an industry leading 3D technology platform; Cumul8, a data analytics solution focused on data visualization; and Reelhouse, an on-line entertainment distribution community. For more information, visit www.eightsolutions.com.
On Behalf of the Board of Directors
Chief Executive Officer and Director
The CSE does not accept 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. Although Eight 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. 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:
Vice President of Corporate Affairs
Suite 100, 138 East 7th Avenue
Vancouver, British Columbia, V5T 1M6
Phone: (604) 669-8885
Fax: (604) 669-8855
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