AnalytixInsight, Inc.
TSX VENTURE : ALY

AnalytixInsight, Inc.

July 02, 2015 18:30 ET

AnalytixInsight Provides Corporate Update, Announces Entry into Mobile Payments Vertical and Closing of Private Placement

- Company's Technology Platform to Offer Business Intelligence, Benchmarking and Decision Making Tools for Mobile Payment Applications and Service the Fast Growing Mobile Financial Services App Community

- Company Completes Private Placement of CDN$280,000

TORONTO, ONTARIO--(Marketwired - July 2, 2015) -

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

Big Data analytics company, AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) today announced its entry into a new business vertical - mobile payments - where the Company's unique technology platform can provide valuable analytics for mobile payment solution providers as well as for merchants.

The Company's platform is now geared to help both retailers and financial institutions create a broader payments loyalty ecosystem and provide the potential to both drive mobile wallet usage and create new consumer retail experiences beyond the point of sale. This initiative follows the Company's announcement dated February 25, 2015 related to developing products and analytical solutions for mobile payments and previous announcements of revenue sharing partnerships and pre-installations of the Marketwall App with device makers like Samsung Electronics ("Samsung"), NetRange Gmbh ("NetRange") and MiiA ("MiiA").

"The payments business so far is purely transactional - to unlock the inherent value in payments, mobile payment enablers, banks and merchants must treat the payments business as an information business. A critical component for this to happen is the use of advanced payments data analytics - empowered by a connected social and mobile device experience. We believe our platform and our partnerships with Samsung, NetRange and MiiA provides the right solution for industry participants and will help grow AnalytixInsight's business in this new vertical" said Prakash Hariharan, Chairman of AnalytixInsight.

"Firms have invested in mobile apps that offer coupons, mobile payments, loyalty programs and more but most of these are disconnected from their critical back-end data systems. We are well-placed to benefit from this opportunity to enable payment transactions though the robust incorporation of data analytics and a digital wallet solution to give retailers and financial institutions a more intelligent payment platform," said Chaith Kondragunta, CEO of AnalytixInsight.

The Company also announces that it has closed a non-brokered private placement (the "Private Placement") for gross proceeds of CDN $280,000. The Company issued 800,000 common shares (the "Common Shares") priced at $0.35 per Common Share to certain subscribers. The Common Shares issued are subject to a four month statutory hold period expiring on November 2, 2015. No finder's fees were paid in connection with the Private Placement and the proceeds will be used for marketing, public relations, investor relations activities and general working capital purposes.

Closing of the Private Placement remains subject to receipt of all applicable regulatory approvals, including final 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 Private Placement, the use of proceeds of the Private Placement the use of proceeds of the Offering, statements related to the Company's entry into the mobile payments vertical and the extension of the Company's product portfolio. 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

  • AnalytixInsight, Inc.
    Scott Koyich
    +1.403.262.9888