AnalytixInsight, Inc.
TSX VENTURE : ALY

AnalytixInsight, Inc.

March 18, 2015 19:00 ET

AnalytixInsight Provides Corporate Update and Announces $1,700,000 Non Brokered Private Placement Financing

TORONTO, ON--(Marketwired - March 18, 2015) - AnalytixInsight Inc. (TSX VENTURE:ALY)

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

  • Company announces scaling up of projects with one of the world's largest financial portals
  • Company continue to expand the scale and scope of its B2B initiatives as well as analytical tools for mobile payments
  • Company announces rollout of its unique product offerings for stock exchanges globally
  • Company's mobile offering successfully integrated with Morningstar data and positioned for launch in North America
  • Company announces non brokered private placement financing

Big data analytics company AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) announces the launch and scaling up of exciting B2B (business to business) projects through its CapitalCube portal.

  1. CapitalCube is scaling up a licensing initiative to provide unique analytics driven news and financial headlines to one of the world's largest financial portals. This is in addition to the previously announced contracts with Dow Jones & Co and AOL Inc.
  2. CapitalCube is also successfully concluding pilot engagements and is poised to provide value-added analytics content to stock exchanges globally as part of its ongoing B2B initiatives
  3. The Company is pleased to announce the successful integration of the previously announced partnership between its mobile offering MarketWall with Morningstar Inc. As a result, Marketwall now carries real-time quotes on US listed stocks and is positioned to shortly launch in the North America.

These initiatives are in addition to the announcements dated February 25, 2015 related to developing products and analytical solutions for mobile payments. The Company is in discussions with with mobile payment systems and merchants to provide better analytics, business intelligence and decision making tools for the fast growing mobile financial services app community.

As a part of the ongoing expansion plans, the Company has also launched a non brokered private placement offering to raise up to CDN$1,700,000 (the "Offering"). The Offering will be comprised of up to 5,312,500 units (the "Units") priced at $0.32 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 $0.50 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 Company may pay finder's fees in accordance with TSX Venture Exchange policies.

The proceeds from the Offering will be used for general working capital purposes, the ongoing rollout of Marketwall and for the execution of various B2B projects including the scale up of an ongoing content licensing initiative with one the world's largest finance portals, as well as projects with various stock exchanges.

The Offering is scheduled to close on or about March 31, 2015 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.

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 scaling of projects, business to business initiatives, the rollout of other Company products, the Offering, the timing of closing the Offering and the use of proceeds of the Offering. 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.

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 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 "U.S. Securities 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.

Contact Information

  • For further information relating to AnalytixInsight Inc.,
    CapitalCube.Com, and Marketwall, please contact:
    Freddie Leigh
    Kin Communications
    604.684.6730