Mr. Rory Armes reports

EIGHT ANNOUNCES FIRST QUARTER RESULTS

Eight Solutions Inc. has released its unaudited consolidated interim financial results for the first quarter ended March 31, 2015.

Q1 2015 financial update:

• Revenue for the first three months of 2015 reached $6.4-million, a 56-per-cent increase over Q1 2014 and the strongest revenue quarter to date for the company.
• Net income for the first three months of 2015 was $5.3-million, a 75-per-cent increase over Q1 2014 and the strongest net income quarter to date for the company.
• Included in net income is a gain on the sale of the company's 3-D studio business for $5.8-million.
• This gain does not include the additional $1-million annual licensing fee revenue plus royalty revenue of up to $1-million annually from the company's 3-D software licence agreement with Prime Focus Ltd. Nor does it include the approximately $1-million in annual revenue from the technical support agreement with Prime Focus. These amounts will be recognized throughout the term of the software licence agreement and technical support agreement, respectively.

Q1 2015 operational update:

• The company completed the 3-D conversion for the feature film Insurgent.
• The company completed the transaction with Prime Focus, which included the sale of its 3-D service business and agreements to license technology and provide technical support.
• Pursuant to the Prime Focus transaction, the company changed its name to Eight Solutions.
• With the Prime Focus transaction now complete, the company is positioned to focus on the development and commercialization of its Cumul8 and Reelhouse technologies.

                             Q1 2015 FINANCIAL SUMMARY

                                                      Three months ended March 31, 
                                                             2015            2014

Revenue                                               $ 6,442,140     $ 4,127,609
Net income and comprehensive income attributable
to the shareholders of the company                    $ 5,342,772     $ 3,044,806
Basic income per share                                $      0.10     $      0.07

"This has been our best quarter in the company's history," said chief executive officer Rory Armes. "With the 3-D service side of the business now sold, our core focus is on aggressively building Cumul8 and increasing customer adoption."

We seek Safe Harbor.