News

Logiq Leverages Sonasoft AI for Business Intelligence

San Jose, CA – (NewMediaWire) – July 15, 2021 – Logiq,
Inc., a global provider of award-winning e-commerce and fintech solutions,
leverages SAIBRE, Sonasoft Corp.’s (OTCQB: SSFT) AI bot engine, to uncover new
business insights and intelligence.

Sonasoft’s AI experts have been
working together with internal Logiq teams since February 2021 to assess
possible AI use cases.  An initial use case was jointly selected for a
proof of concept (POC) to examine improving efficiency and increasing revenue
through intelligent forecasting of sales and credit data.

Throughout this POC, data
insights presented to Logiq as a result of data assessment, data engineering,
data science, and initial SAIBRE intelligence have spurred valuable
conversations with internal Logiq subject matter experts (SMEs). 
Sonasoft’s in-depth data assessment and accessible presentations have indicated
relevance beyond the confines of the POC, resulting in discussions around
possible future AI solutions.

Matt Brent, AppLogiq’s Chief
Strategy Officer, explains, “Logiq understands the strategic importance of AI
in emerging markets like Indonesia where a combination of unbanked consumers,
high mobile penetration and commercial activities create a huge opportunity for
applying sophisticated intelligence and data analytics. The POC has been
insightful and we are looking forward to exploring how our relationship with
Sonasoft could extend to future use cases.”

“This is a great use case for
our new SAIBRE AI engine,” says Max Lee, Sonasoft’s VP of Engineering. “SAIBRE
brings a new approach, allowing us to rapidly prototype new AI bots and
demonstrate real value to the end customer.” 

Notes

1.     
Sonasoft was founded
in Silicon Valley in 2003. For more information about the company, please
visit: https://www.sonasoft.com

2.     
Sonasoft SAIBRE is
an end-to-end AI platform that can generate, monitor, and maintain autonomous
AI bots. 

3.     
For
investor-specific information, please visit: https://www.sonasoft.com/investors/

Investor Contact:

Mike Khanna, CEO Sonasoft
Corporation. Phone: (408) 708-4000 

Forward-looking Statements

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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