AnalytixInsight Inc.
TSX VENTURE : ALY

AnalytixInsight Inc.

March 28, 2016 08:30 ET

AnalytixInsight Continues Its Strong Growth and Announces Addition of New Board Members and Strategic Initiatives

TORONTO, ONTARIO--(Marketwired - March 28, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

  • The Company's online portal, CapitalCube, now covers 15 countries in North America, Europe and Asia.
  • The Company intends to focus on growth opportunities in Latin America through strategic partnerships and acquisitions to meet increased demand for its content.
  • The Company continues to attract and service hedge funds, stock exchange clients and build its B2B pipeline for 2016 in the fast growing segment of robotic advisory services.
  • The Company announces the addition of new members to its Board of Directors to manage these growth initiatives.
  • The Company arranges non-brokered private placement financing.

Big data analytics company, AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) this week is pleased to announce continued growth in the business operations of its subsidiary CapitalCube Corp. ("CapitalCube") (www.capitalcube.com).

  • CapitalCube continues to see increased demand for its algorithmically generated content and predictive analytics, leading to a higher user base and new distribution channels.
  • CapitalCube has increased its global presence and its published content is now available on leading financial and business portals in 15 countries as well as leading iOS and Android financial Apps. Mobile users continue to be a fast growing segment to drive traffic and advertising revenues for the Company. The global demand for financial content on smart devices is expected to boost the need for unique algorithmically generated analytics and content on equities and ETF products.
  • The Company plans to pursue strategic initiatives in Latin America and increase its content in these markets. These initiatives will include partnerships with established financial information providers in Latin America and distribution channels and to shortly start publishing its high quality content in both Spanish and Portuguese to help further increase traffic and user engagement.

The Company is also pleased to announce the appointment of Jith Veeravalli, Catherine Stretch and Michael Frank to its Board of Directors with Colin Sutherland joining the team as an advisor. As a part of these changes, the Company will also be announcing a strong advisory board to assist in evaluating a number of strategic options and growth initiatives through acquisitions and partnerships that have come up recently.

The Company anticipates new business opportunities in the B2B space, gaming and the healthcare sector. There is also an ongoing roll out on the robotic advisory services as well content licensing opportunities with leading hedge funds and stock exchanges through 2016. The Company is excited about the growth opportunities and its pipeline and is strengthening its management team with additions in the operations and business development areas to better serve its growth plans.

As a part of these growth initiatives and immediate infrastructure requirements for the roll out of strategic partnerships, the Company has arranged a non-brokered private placement offering to raise up to CDN$1,025,500 (the "Offering") with a significant portion to be subscribed by management and directors. The Offering will be comprised of up to 6,409,375 units (the "Units") priced at CDN$0.16 per Unit, each Unit being comprised of one common share in the capital of AnalytixInsight and one-half of one common share purchase warrant of AnalytixInsight (each whole common share purchase warrant, a "Warrant"). Each Warrant shall entitle the holder to acquire one common share of AnalytixInsight at a price of CDN$0.25 and the Warrants will have a term of twelve months from the time of the closing of the Offering. The securities underlying the Units, including the common shares and Warrants issued on closing, as well as the common shares issuable upon due exercise of the Warrants, will all be subject to a four month statutory hold period commencing on the date of issuance.

The Offering is scheduled to close on or about April 4th, 2016 and is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

With management, employees and certain Directors acquiring a portion of the offering, their participation will be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

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 and mobile platform Marketwall (www.marketwall.com) provide 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 50,000 global companies and ETFs - 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 and Marketwall have existing business relationships with leading global financial and media institutions. For more information about CapitalCube visit http://www.capitalcube.com. For more information about Marketwall visit http://www.marketwall.com.

Regulatory Statements

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Company's ability to increase traffic to its CapitalCube portal; the Company's ability to publish content in different languages and apply its platform to different business verticals; the growth of the Company's business operations; the Company's ability to pursue growth opportunities; the Company's ability to attract and service new clients; the timing and closing of the Offering and the use of the gross proceeds of the Offering and the use by certain parties of CapitalCube and Marketwall App. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AnalytixInsight Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the Company's technology and revenue generation; risks associated with operation in the technology sector; ability to successfully integrate new technology and employees; foreign operations risks; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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