VANCOUVER BC / TheNewswire / May 29, 2017 — Eight Solutions Inc. (TSXV:ES) (“Eight Solutions” or the “Company”) announces the release of its unaudited consolidated interim financial results for the three months ended March 31, 2017.  All figures are in Canadian dollars.

Q1 2017 Financial Highlights

-For the fiscal year 2017, Eight Solutions has restructured to reduce operating expenses. The Company cut $250,000 from its operating expenses during the three months ended March 31, 2017. This represents a 10% improvement compared to the three months ended March 31, 2016.

-Revenue for the three months ended March 31, 2017 was $610,520 compared to $649,535 for the three months ended March 31, 2016.

-The Company’s net loss attributable to shareholders was $1,335,569 ($0.02 loss per share) for the three months ended March 31, 2017 compared to a net loss attributable to shareholders of $1,655,948 ($0.03 loss per share) for the three months ended March 31, 2016. This represents a decrease in loss of $320,379, which is an improvement of 19% and $0.01 per share.

Q1 2017 Business Highlights

-Eight Solutions entered into contract to provide a platform-based “Connected Mill” solution for two sawmills. The Connected Mill gathers data from all the mill’s machines and sensors and pushes it to the cloud. Once in the cloud it can be monitored in real time to help managers see bottlenecks, find solutions and make operational predictions to save time and money.  This software is the first of its kind for the forestry industry.

-The Company continued to develop Cumul8 Jetstream in preparation for its launch at NAB (the National Association of Broadcasters) in April 2017. Jetstream is a file transfer system designed to be better, faster and easier to use than its competitors and is now available for download at http://jetstream.cumul8.com/.  

-Eight Solutions entered into a license termination agreement (the "Agreement') with Gener8 Digital Media Services Ltd. ("Gener8") and Prime Focus Limited ("Prime Focus") in consideration of and conditional upon, among other things, the payment of $3,000,000 to the Company on or before the closing date of May 30, 2017; the sale of the Company's 3D conversion technology to Prime Focus for a purchase price of $2,000,000, the entry into a technology support agreement for the 3D technology and receipt of all required shareholder, exchange and regulatory approvals. The Company believes this Agreement is of the best interest of the shareholders; it allows the Company to monetize the remaining fixed and performance-based royalty payments due under the 3D license agreement with Prime Focus, rather than seek additional equity at the Company’s current share price, causing significant dilution to existing shareholders.  At the same the time, the Company removes its reliance on the future of the 3D market, and it allows the Company to focus on the sales and development its Cumul8 technologies.

Q1 2017 Financial Summary	Three Months ended
	March 31, 2017	March 31, 2016
Revenue	$ 610,520	$ 649,535
Loss and comprehensive loss attributable to the shareholders of the Company	$ 1,335,569	$ 1,655,948
Basic loss per share	$ 0.02	$0.03

About Eight Solutions

Eight Solutions is a technology company led by a team of video game industry veterans. Eight Solutions’ flagship product is Cumul8, a data analytics and visualization solution. Cumul8 works with any type of data source to help people and companies understand, collaborate, and make better decisions with data. Eight Solutions’ portfolio includes an award-winning 3D software technology licensed to the film industry; and Reelhouse, a unique video-on-demand platform that allows filmmakers to distribute their content directly to users. For more information, visit www.eightsolutions.com.

On Behalf of the Board of Directors

“Rory Armes”
Rory Armes
Chief Executive Officer, President and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts 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” “can” and other similar words, or statements that certain events or conditions “may” occur. Although Eight Solutions 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:
Investor Relations
investor.relations@eightsolutions.com
Suite 100, 138 East 7th Avenue
Vancouver, British Columbia, V5T 1M6