TORONTO, June 06, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Pacific Software Inc. (OTC: PFSF) (“Pacific Software” or the “Company”) today announces that it has entered into a Memorandum of Understanding (MOU) with Império Assessoria em Informaçoes LTDA (Império) located in Sao Paulo, Brazil. Pursuant to the MOU, the parties agree to commercially market and promote the activities of the commodities trade portal BOAPIN.com powered by Pacific Software and Atlas Cargo Suite, an agribusiness, logistics management software module owned and operated by Império.
The MOU and further collaboration between the parties were created in an effort to increase trade between China and Brazil in sectors highly reliant on supply chain transparency, management and efficiency for commodities and products sold. Trade between the two countries is underdeveloped and technology solutions are expected to fuel growth in cross-border transactions and business expansion.
BOAPIN.com is uniquely positioned to supply competitive B2B pricing advantages to commodities traders by deploying cutting-edge technologies to its subscribers such as: trading data analytics, search/match interface, smart contracts, artificial intelligence (AI) and blockchain solutions. Given the current economic and trade environment, China is seeking additional commodities trading partners to offset the trade tariffs imposed by the USA. As such, Brazil is a viable supplementary trading partner alternative.
“This collaboration will include the commercial marketing and promotion of the BOAPIN.com platform as a front-end e-commerce solution and the assimilation of ‘Chain Integration Intelligence,’ a client application from the Atlas Cargo Suite into the BOAPIN portal,” stated Peter Pizzino, president of Pacific Software. Design and deployment of future generations of the enterprise applications and solutions will also be released upon completion.”
The deployment of the applications, tools and user solutions through the BOAPIN.com platform may include features such as: financial technologies (fintech), export payments, customs clearance, logistics, taxation and product certification. These and other business technologies may provide competitive advantages to portal subscribers in commodities trading activities and other merchant offerings. In addition, the Atlas Cargo module will link BOAPIN.com to 12 ports, 37 warehouses and five logistics purveyors in Brazil.
About Pacific Software
Pacific Software Inc. (OTC: PFSF) is an enterprise designer, developer, licensor and operator of transactional solutions for most industries. It is postured for investments, mergers, acquisitions and business combination strategies for emerging technologies and digital platforms. The company recently launched and operates the BOAPIN.com portal, a versatile Application Service Provider (ASP) and commodities trading platform designed for international clients, traders and subscribers globally. For more information visit www.PacificSoftwareInc.com
About BOAPIN
BOAPIN.com is a multi-lingual and multi-faceted commodities trading portal uniquely positioned to deliver competitive B2B trading solutions to subscribers for the import/export trade sector. It may feature and deploy cutting-edge technologies such as Artificial Intelligence (AI), trading data analytics, smart contracts, and blockchain solutions utilizing IBM’s Backend as a Service (BaaS) infrastructure. The BOAPIN platform aims to shorten trade cycles, increase trade efficiencies and increase global trade. Designed as an open architecture platform, BOAPIN would build an ecosystem which digitizes the trade process including; product listing, search/ marketing interface, finance, advertising, buyer /seller communications, product certification, logistics, trade, payment solutions, sales and order management. For additional information please visit www.BOAPIN.com
About Império
The company designs and markets a diverse suite of agribusiness software modules specializing in logistics management, traceability and transparency for product delivery and shipment globally. Its Atlas Cargo Suite is a robust and automated user solution for product warehousing and/or shipment management in road, rail and waterways environments complete with monitoring of product movement, designed to avoid fraud and cargo misuse. The Atlas Cargo Suite is structurally developed for modular integrations with several types of peripherals including; road, rail or flow scales, gates, electronic sensors and PLCs. In 2018, Império processed 35 million tons of cargo including; 17.2 million tons of soy, 6.9 million tons of corn, multiple tons of sugar and 30% of the fertilizer market for Brazil. For additional information please visit www.imperio.com.br.
Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Pacific Software and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the hyperledger blockchain technology solutions will be well received or utilized. Additional examples of such risks and uncertainties include, but are not limited to (i) Pacific Software's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Pacific Software’s ability to maintain existing, and secure additional, contracts with users of its solutions; (iii) Pacific Software’s ability to successfully expand in existing markets and enter new markets; (iv) Pacific Software’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Pacific Software’s business; (viii) changes in government licensing and regulation that may adversely affect Pacific Software’s business; (ix) the risk that changes in consumer behavior could adversely affect Pacific Software’s business; (x) Pacific Software’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent quarterly report on filed by Pacific Software with the Securities and Exchange Commission. Pacific Software anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Pacific Software assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Contact:
Pacific Software Inc.
Info@PacificSoftwareInc.com
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