AnalytixInsight Provides Corporate Update and Details of Samsung Launch
12 Maggio 2014 - 2:00PM
Marketwired Canada
Big Data and analytics company AnalytixInsight, Inc. (the "Company" or
"AnalytixInsight") (TSX VENTURE:ALY) will formally launch the Stockwall mobile
App in partnership with Samsung Electronics ("Samsung") on May 28, 2014.
The Stockwall App will debut on the Samsung mobile and smart TV platform and
offer real time stock quotes and analytics for EUR5 (approx US$7.50) per month.
In addition, Mr. Marco Roscio Ricon has been appointed as CEO of Stockwall to
lead the team to execute on integrating AnalytxInsight content onto Samsung's
mobile platform.
Mr. Ricon was most recently head of Desktop and Internet Applications at the
London Stock Exchange Group ("LSEG"), where he was responsible for managing web
services and internet strategy of the LSEG. At LSEG, Mr. Ricon also created and
grew a new business line - Market Connect - into a significant part of the
group's operations and was Head of Proquote Italy and UK, the LSEG's information
service provider.
Stockwall is the mobile platform that will roll out AnalytixInsight's previously
announced partnership with Samsung and offers a unique global solution that
combines real-time stock quotes from LSEG with AnalytixInsight's algorithmically
generated analysis on stocks. The auto generated content presents a completely
different approach to investment ideas across 45,000 plus stocks globally - all
at subscription price points around EUR5 (approx US$7.50) per month with real
time stock quotes and content powered by Analytixinsight. In addition, the
Stockwall platform also provides B2B (business-to business) opportunities to
license content to third-party mobile applications.
"I am excited to join AnalytixInsight and lead Stockwall - the next generation
market data platform built around tablet and smartphones" said Marco Rosco
Ricon. "Our agreement with Samsung provides a unique global solution by
combining real-time stock quotes with AnalytixInsight's algorithmically
generated content. Samsung is a global leader in mobile devices and this is an
excellent partnership for AnalytixInsight to license our content. In addition,
we already see many exciting opportunities with institutional customers in
Europe to license our mobile solutions."
"We are excited to have Marco join us. Marco's deep knowledge of market data
products and experience in growing financial information business in Europe from
inception into major operations will help grow Stockwall significantly", said
Chaith Kondragunta, CEO of AnalytixInsight.
The Company has also closed the second and final tranche (the "Second Tranche")
of its private placement financing (the "Private Placement") announced on March
27, 2014. The Second Tranche was comprised of 80,000 units at a price of $0.45
per unit for gross proceeds of $36,000 with each unit consisting of one common
share and one-half of one share purchase warrant, each whole warrant entitling
the holder thereof to acquire one additional common share of the Company at a
price of $0.70 per share for a period of 12 months. The Private Placement has
now closed and total gross proceeds raised from both tranches was an aggregate
of $1,198,599.55. The proceeds from the financing will be used for general
working capital purposes.
All securities issued pursuant to the Second Tranche are subject to a four month
hold period following the closing date. Closing of the financing is subject to
receipt of regulatory approval, including final TSX Venture Exchange approval.
This press release is not an offering of securities for sale in the United
States. The common shares and warrants have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an exemption from the registration requirements of
that Act.
The Company, with the close of the Private Placement financing, is fully funded
to execute the delivery of all announced licensing deals.
For further information relating to AnalytixInsight please contact Abha Dawesar
at (646) 435-1561.
On behalf of the Board of Directors of ANALYTIXINSIGHT INC.
Prakash Hariharan
Chairman
ABOUT ANALYTIXINSIGHT INC
AnalytixInsight Inc's technology platform helps transform data into narratives.
The Company's online portal www.capitalcube.com provides high-quality financial
research and content for investors, information providers, finance portals and
media. The Company's disruptive technology algorithmically analyzes market price
data and regulatory filings to create insightful, actionable narratives and
research on approximately 45,000 global companies - all available as a
cloud-based, SAAS offering. This platform capability is extensible to other
asset classes and sectors to generate insightful research reports.
CapitalCube currently has existing business relationships with leading global
financial and media institutions. To find out more about CapitalCube's
offerings, visit http://www.capitalcube.com.
CAUTIONARY NOTES
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "1933 Act"), or any state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of U.S.
persons (as defined in Regulation S under the 1933 Act) absent such registration
or an applicable exemption from such registration requirements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
Freddie Leigh
1-866-684-6730
aly@kincommunications.com
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