Emerging Technology

SoLVBL Solutions Inc. (CSE: SOLV) ("SoLVBL" or the "Company"), announces that its shares have received Depository Trust Company ("DTC") full-service eligibility in the United States. The Company's common shares traded on the OTC Pink Sheet in the United States.

The DTC will facilitate electronic settlement of transfers of its common shares in the United States. DTC settlement services provide a more efficient and lower cost settlement process for investors and brokers trading Canadian securities in the US. DTC eligibility enables shares of SoLVBL to be distributed, settled, and serviced through DTC's automated processes, thereby taking advantage of the efficiencies created in the electronic method of clearing securities and the resulting cost benefits that DTC provides through accelerated settlement processes.

SoLVBL President & CEO Kaiser Akbar states: "We are very pleased to have now obtained DTC eligibility to improve settlement of our shares for current and future shareholders in the United States. DTC is a fundamental step towards establishing the Company with the American investment community."

About SoLVBL Solutions Inc.

SoLVBL is an innovative cybersecurity company. The company's mission is to empower, better, faster decisions by developing a universal standard for establishing digital record authenticity. The lead product Q by SoLVBL™, is a proprietary software of the company, designed to be easy to use and adopt, economically priced and provide digital record authentication at lightning fast speed. Q by SoLVBL™ allows organizations to establish trust in their data. The company is currently pursuing the following verticals: chain of custody for digital evidence; including, NG-911, data used in the financial sector, medical applications and critical IoT infrastructures.

For more information, please visit SoLVBL.com

For further information, please contact:

SoLVBL Solutions Inc.

Kaiser Akbar, President & CEO
100 King Street West, Suite 5700
Toronto, ON, M5X 1C7
E: kaiser.akbar@SoLVBL.com
T: 416-450-5995

Forward-Looking Statements

The CSE has neither approved nor disapproved the contents of this press release.

NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of the Company to successfully achieve its business objectives, including, the implementation and success of Q by SoLVBLTM, and expectations for other economic, business and/or competitive, factors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, SoLVBL assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108210

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SoLVBL Solutions Inc. Clarifies News Release Disseminated on April 19, 2022 Related to SoLVBL Solutions' Signing of Referral Agreement with Jet Digital Inc

SoLVBL Solutions Inc. Clarifies News Release Disseminated on April 19, 2022 Related to SoLVBL Solutions' Signing of Referral Agreement with Jet Digital Inc

SoLVBL Solutions Inc. (CSE: SOLV) (OTCQB: SOLBF) ("SoLVBL" or the "Company"), an innovative cybersecurity company that provides proprietary data authentication using advanced cryptography on a SaaS based model, wishes to clarify that certain contents related to Jet Digital Inc. ("Jet Digital") and a quote attributed to Michael Devine, CEO of Jet Digital were misquoted in the news release disseminated on April 19, 2022.

SoLVBL is publishing the following news release with content and quotation of Mr. Michael Devine approved by Jet Digital.

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SoLVBL Solutions Signs Referral Agreement with Jet Digital

SoLVBL Solutions Signs Referral Agreement with Jet Digital

SoLVBL Solutions Inc. (CSE: SOLV) (OTCQB: SOLBF) ("SoLVBL" or the "Company"), an innovative cybersecurity company that provides proprietary data authentication using advanced cryptography on a SaaS based model, is pleased to announce that it has entered into a mutual referral agreement with Jet Digital Inc. ("Jet Digital"), a Vancouver, British Columbia company.

Through this agreement SoLVBL commits to refer clients to Jet Digital for the sale of their JetStream data transfer software. Jet Digital commits to refer clients to SoLVBL for the sale and license their Q by SoLVBLTM data validation and cybersecurity products.

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SoLVBL Solutions Enters into UX/UI Product Design Agreement with KRFTWRK Inc.

SoLVBL Solutions Enters into UX/UI Product Design Agreement with KRFTWRK Inc.

SoLVBL Solutions Inc. (CSE: SOLV) (OTCQB: SOLBF) ("SoLVBL" or the "Company"), an innovative cybersecurity company that provides proprietary data authentication using advanced cryptography on a SaaS based model, is pleased to announce that it has entered into a product design agreement with KRFTWRK Inc. ("KRFTWRK"), a Toronto, Ontario based leading product design and digital marketing company, to collaborate in developing unique user experiences and user interfaces for SoLVBL's cybersecurity and data authentication products.

With the recent hiring of key technical people and the appointment of Jim Slinowsky as the head of product development, SoLVBL plans to rapidly role out new cybersecurity and data authentication products in 2022. KRFTWRK's collaboration in product design, including developing unique user experience, wire-framing and high-fidelity design protypes will allow SoLVBL to ensure new cybersecurity products are developed and delivered on-time and at the quality level our customers expect.

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SoLVBL Solutions Welcomes Jim Slinowsky as Director of Product Development

SoLVBL Solutions Welcomes Jim Slinowsky as Director of Product Development

SoLVBL Solutions Inc. (CSE: SOLV) (OTCQB: SOLBF) ("SoLVBL" or the "Company"), an innovative cybersecurity company that provides proprietary data authentication using advanced cryptography on a SaaS based model, is pleased to announce today that Jim Slinowsky has joined the SoLVBL team as Director of Product Development.

Jim brings more than 25 years of North American technology industry experience to SoLVBL's product team. At SoLVBL, he will contribute to the development of new data authentication and cybersecurity products for the financial services, health care services and law enforcement industry verticals. "His experience and skills will play a key role as we continue to rapidly role out new products in 2022," said Kaiser Akbar, President & CEO of SoLVBL. "His talents and experience at Siemens RuggedCom and at other blue-chip technology companies make him uniquely qualified for the position. The position itself provides an additional executive capacity to ensure the products are developed and delivered on-time and at the quality level our customers expect," added Kaiser Akbar.

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SoLVBL Solutions' Digital Payment Instrument Authentication Seal Receives Notice of Allowance from US Patent Office

SoLVBL Solutions' Digital Payment Instrument Authentication Seal Receives Notice of Allowance from US Patent Office

SoLVBL Solutions Inc. (CSE:SOLV) (OTCQB: SOLBF) ("SoLVBL" or the "Company"), an innovative cybersecurity company that provides proprietary data authentication SaaS that uniquely features advanced cryptography for data authentication, is pleased to announce that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for the Company's U.S. Patent Application No.: 16791,326, Method and System for Digital Payment Instrument Deployment of Authentication Seal.

The Notice of Allowance means that the USPTO would issue the patent after certain formal steps have been completed. "This is a very important next step in the development of SoLVBL's technology offering" comments CEO of SoLVBL, Kaiser Akbar. "It is something we have been working very hard on for quite some time, and it is a great milestone for the company."

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OpenText Announces Pricing of Notes Offering and Successful Term Loan Syndication as part of Micro Focus Acquisition Financing

OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announced today that Open Text Corporation (the "Company" or "OpenText") has priced an offering (the "Notes Offering") of US$1 billion principal amount of 6.90% senior secured fixed rate notes due 2027 (the "Notes") in connection with its proposed acquisition (the "Acquisition") of Micro Focus International plc ("Micro Focus").

OpenText logo (PRNewsfoto/Open Text Corporation) (PRNewsfoto/Open Text Corporation)

OpenText further announced that it successfully fully syndicated its first lien term loan facility due 2029 (the "Term Loan") in the amount of US$3.585 billion , which will bear interest at a rate per annum equal to adjusted term SOFR plus 3.50%.

Upon closing of the Notes Offering and an amendment to the Term Loan credit agreement, the bridge loan agreement entered into in connection with the Acquisition will be terminated undrawn, and the entire previously announced US$4.585 billion aggregate debt financing package for the Acquisition will be finalized.

The Notes Offering is expected to close, and the Term Loan credit agreement is expected to be amended, on December 1, 2022 , subject in each case to customary conditions. The net proceeds from the Notes Offering, borrowings under the Term Loan and the Company's existing revolving credit facility, and cash on hand will be used to fund the Acquisition.

As previously announced, shareholders of Micro Focus have approved the terms of the Acquisition. The Acquisition is expected to close in the first calendar quarter of 2023, subject to regulatory approvals and customary closing conditions.

After giving effect to the Notes Offering and the above noted borrowings, following closing of the Acquisition, the Company's long-term debt would be approximately US$9.3 billion (consisting of approximately 46% fixed and 54% floating rate debt), with a weighted average interest rate of approximately 5.88% and a weighted average maturity of approximately 6 years. As previously announced, OpenText is targeting a net leverage ratio of less than three times within eight quarters following the closing of the Acquisition.

Additional Information

The Notes and the Term Loan will be guaranteed on a senior secured basis by OpenText's existing wholly-owned subsidiaries organized in the United States or Canada that borrow or guarantee OpenText's obligations under its senior credit facilities and, concurrent with or within one business day of the closing of the Acquisition, additionally by Open Text UK Holding Limited. The Notes and related guarantees will be secured on the same basis as the Company's senior credit facilities.

The Notes and related guarantees will not be registered under the Securities Act of 1933, as amended (the "Securities Act"). The Notes and the related guarantees are being issued pursuant to Rule 144A and Regulation S under the Securities Act. The Notes and related guarantees may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act. The Notes have not been and will not be qualified for sale to the public by prospectus under applicable Canadian securities laws and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of, any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, qualification or exemption under the securities laws of any such jurisdiction.

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions.

Publication on a website

This announcement and certain associated documents will be available, subject to certain restrictions, on OpenText's website at https://investors.opentext.com/ by no later than 12 noon ( London time) on the business day following the publication of this announcement. This announcement and certain associated documents available on OpenText's website are only being provided to comply with the requirements under the UK City Code on Takeovers and Mergers. Neither the content any of the websites referred to in this announcement nor the content of any website accessible from hyperlinks in this announcement is incorporated into, or forms part of, this announcement.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this announcement, including statements regarding completion of and timing for closing of the Notes Offering, completion of and timing for execution of the amendment to the Term Loan credit agreement, including completing certain conditions prior to borrowing under the Term Loan, statements regarding OpenText's targeted net leverage ratio and timing thereof, OpenText's plans, objectives, expectations and intentions relating to the Acquisition, the Acquisition's expected contribution to OpenText's results, financing and closing of the Acquisition, as well as the expected timing and benefits of the Acquisition, impact on future financial performance including in respect of annual recurring revenues, cloud growth, adjusted EBITDA, cash flows and earnings, may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which OpenText operates, as well as the impact of the ongoing COVID-19 pandemic. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by OpenText at the date of this announcement, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors, which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the Securities and Exchange Commission and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

OTEX-MNA

Further information, please contact:

Harry E. Blount
Senior Vice President, Investor Relations
OpenText Corporation
415-963-0825
investors@opentext.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/opentext-announces-pricing-of-notes-offering-and-successful-term-loan-syndication-as-part-of-micro-focus-acquisition-financing-301680741.html

SOURCE Open Text Corporation

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