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Softlab9 Software Solutions (CSE:SOFT) New Listing

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The company is currently beta testing two proprietary, revenue-generating products which it plans to be launching over the next few months.

Additional Information:

Company: Softlab9 Software Solutions
Website: http://www.softlab9.com
Stock Symbol: CSE: SOFT
Date Published: Mar 7, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Softlab9 Software Solutions is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “SOFT”, having previously traded as APPx Group.

Management believes the name change will better reflect the company’s new strategic direction as it moves away from crypto and blockchain toward Fintech and software development.

The company is currently beta testing two proprietary, revenue-generating products which it plans to be launching over the next few months.

Solving the biggest problems in retail today, and which has been in development from the start, is the geolocation-based, rewards app CatchCoin™.

This data-aggregating, advertising platform was developed as an answer to the issue of declining foot traffic at retail establishments.

CatchCoin enables participating businesses, event providers, and brands to attract customers by offering real cash rewards for visiting their locations with further incentives possible for purchases made.

The data collected makes it possible for advertisers to target the customers they want at the times they want, by creating highly customizable campaigns.

SofLab9's second area of focus also leverages its data aggregating technologies and experience to address the growing global demand for regulatory technology, or RegTech.

An increase in cybercrime, financial fraud, money laundering, and criminal/terrorist behaviours has prompted FINTRAC, FinCEN, and other governmental agencies and bodies around the world to increase compliance requirements in just about every industry, especially in the financial services sector.

The company’s proprietary data analysis software integrates Artificial Intelligence with traditional data sources, including the world's most advanced aggregators in regulatory technology, electronic identification, media monitoring, financial scoring, and business intelligence.

The company recently signed a milestone Service Agreement for its proprietary due diligence system with Johnston Law, LLC in South Carolina, its first since entering into the US markets in both public and private sectors.

Jay Ruckenstein, President and Co-Founder, stated: “When there is so much information available, it's easy to miss some important pieces. That's why we've developed systems to compile the aggregated data from all of these sources in one place, making it easier to get a thorough understanding of the target."

The company plans to pursue other clients in the legal profession, as well as others who can benefit from this more robust form of due diligence and intends to offer this service not only in the US, but also in Canada and the United Kingdom.

Softlab9’s shares are currently trading at $0.055.

For more information please visit the company’s website www.softlab9.com, contact Jay Ruckenstein, President and Co-Founder, at 833-777-2779 or email jay@softlab9.com.

I’m Samantha Deutscher for Investmentpitch Media