Sonasoft Corp. (OTCPK: SSFT), a leader in Email Archiving and eDiscovery Solutions, announced that it projects an increase of 135 percent in revenue for the Fourth Quarter (Q4), which ended on December 31, 2014.
FOR IMMEDIATE RELEASE
(As published on PRWeb)
January 7, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in Email Archiving and eDiscovery Solutions, announced that it projects an increase of 135 percent in revenue for the Fourth Quarter (Q4), which ended on December 31, 2014. Estimated Q4 revenue will be at least $365,000. This positive projection is attributed to a steady increase in demand for Sonasoft’s email archiving solutions and a significant increase in demand for its professional services, which include Microsoft Exchange Server migrations and NearPoint data archive exports. The actual Q4 numbers will be announced later on OTC Markets under the listing of Sonasoft Corp. (SSFT) on or before, Friday, February 13, 2015.
“On November 20, 2014, we communicated to the market that we would grow by 110 percent”, said Andy Khanna, Founder, President, and Chief Executive Officer of Sonasoft Corp. “I am pleased to say that Sonasoft has exceeded that growth projection and will report a growth rate of at least 135 percent. Demand for our email archiving and eDiscovery software has increased. We also saw revenue from our Cloud-based email archiving solutions. In addition, our newly hired sales staff has added to the bottom line this quarter. However, it was our professional services of Microsoft Exchange Server migrations and data export services of Mimosa and NearPoint email archives that fueled this quarter to be Sonasoft’s best quarter in years. Sonasoft later will announce its Q4 results on OTC Markets at the appropriate time.”
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Sonasoft Corporation is a publicly traded company with SEC Reg. A clearance and is listed on the over-the-counter markets at OTC Markets with 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 Email Archiving Software and 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. Sonasoft recently expanded its product offering to include Cloud-based email archiving as well as data export and migration services for competing archiving solutions. Sonasoft email archiving and eDiscovery solutions have hundreds of deployments with an exceptional degree of high customer satisfaction. Founded in 2003, the company is headquartered in San Jose, California.
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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.
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