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VANCOUVER BC / TheNewswire / November 27, 2015 -- Eight Solutions Inc. (TSXV:ES) ("Eight Solutions" or the "Company") announces the release of its unaudited consolidated interim financial results for the nine months ended September 30, 2015. All figures are in Canadian dollars.

Q3 2015 Financial Update

• -The move from a service based business model to one of software licensing allowed the Company to reduce its losses by 34% compared to the three months ended September 30, 2014 and reduce its loss over this period by $0.02 per share

  -Revenue for the first nine months ended September 30, 2015 was $ 8,235,659 compared to $ 12,841,879 for the nine months ended September 30, 2014

  -Net income for the nine months ended September 30, 2015 was $ 2,594,509, an increase of 54% compared to the nine months ended September 30, 2014

Q3 2015 Operational Update

• -The Company commenced trading on the TSXV

  -The Company entered into a services and license agreement with Squirrel Systems of Canada Ltd., a hospitality point of sale software provider

  -The Company announced its alliance with The BID Group of Companies ("BID"), a provider of forestry equipment and mill construction and entered into a software services and license agreement with BID

  -The Company completed several proposals and introductions of its Cumul8 products to prospective customers in the forestry, hospitality and entertainment and digital media sectors

Q3 2015 Financial Summary

In other business, a director of the Company provided a demand loan facility to the Company to borrow up to $1,000,000. The director has agreed to not demand repayment of any drawings against the facility until after January 1, 2017, although the Company can make earlier repayments. The loan bears interest of 12% and is secured by a general security agreement against the assets of the Company.

The loan is a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from the formal valuation requirement in section 5.5(b) of MI 61-101 (as a result of its shares being listed on the TSX Venture Exchange) and the exemption from the minority approval requirement in section in section 5.7(f) of MI 61-101 (as a result of the transaction involving a loan without any equity component). A material change report will be filed less than 21 days before the closing date of the transaction. This shorter period is reasonable and necessary in the circumstances to allow the Company to obtain financing for working capital.

About Eight Solutions

Eight Solutions is a technology company led by a team of gaming industry veterans. Eight Solution's 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 Solution's portfolio also includes an award-winning 3D 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 and Director

Neither 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:

Danielle Rockel
Vice President of Corporate Affairs
Danielle@eightsolutions.com
Suite 100, 138 East 7 th Avenue
Vancouver, British Columbia, V5T 1M6
Phone: (604) 669-8885
Fax: (604) 669-8855

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