Calgary, Canada — December 18, 2018 — Field Safe Solutions, Inc., (“Field Safe Solutions”, “Field Safe“, or the “Company“) a global leader in field data capture and EHS solutions that connect at-risk workers and support the digital transformation of EHS programs, announced today the completion of a non-brokered private placement of 939,714 Field Safe shares at a price of $1.00 per Field Safe share, for gross proceeds of $939,714. This financing was completed in tranches throughout 2018 and there were no finder’s fees paid in connection with the offering.
Field Safe CEO Cameron Barrett said, “2018 has been a transformative year for Field Safe. We project over 500% year-over-year growth in monthly recurring subscription revenues. This exceptional growth included the addition of key logos, which along with this financing positions us for an even stronger 2019.”
We will use this capital to expand the functionality of existing products, invest in new innovations, and support the company’s growth strategies.
About Field Safe Solutions:
Field Safe Solutions is a cloud-based software-as-a-service (SaaS) company. Our head office is in Calgary, Alberta. Our easy-to-use EHS solution and smarter workflows methodology connect workers and help our clients save time, save money, and save lives. We do this by resolving the field data gap: facilitating real-time communication and information sharing among workers whether at a client site, working from home, at the office, or in transit at any time, anywhere in the world. For more information, visit our website at www.fieldsafesolutions.com and follow us on LinkedIn.
INVESTOR/ANALYST AND MEDIA CONTACT:
Danny Hay, CFO