Toronto, Ontario -- November 14th 2017 -- InvestorsHub
NewsWire -- Artificial Intelligence company,
AnalytixInsight Inc. ("AnalytixInsight", or "Company")
(TSX
VENTURE:ALY) (OTCQB:ATIXF)
is pleased to announce that it will be enhancing its artificial
intelligence platform with a series of Blockchain initiatives which
will augment the Company's existing big data analytics engine with
distributed ledger technology. The Company's shares will also trade
on the OTCQB Marketplace under the symbol "ATIXF" effective
November 14, 2017.
Blockchain - The Company will evaluate and
pursue Blockchain initiatives, which are contiguous with its
artificial intelligence platform, using a distributed ledger
technology to reduce transaction costs and settlement times for its
users and partners in CapitalCube and Marketwall. The Company
believes these initiatives will enhance current revenues being
received from existing multi-year agreements with its partners.
CapitalCube - The Company's deep learning
platform currently processes more than 100 billion data
computations daily, using its analytics models and logical
arguments to generate insights. The platform provides financial
analytics and generates content on approximately 50,000 publicly
traded stocks and ETFs, attracting over 2 million user sessions
monthly. The platform's AI engine publishes more than 3,000 daily
articles. CapitalCube has partnership agreements with various
financial entities that include Euronext (European stock exchange
with 1,300 listed issuers), Thomson Reuters, The Wall Street
Journal and Yahoo Finance.
AnalytixInsight will pursue Blockchain offerings to enhance
CapitalCube's artificial intelligence platform, and partner
relationships as CapitalCube adds to its user base through its
channel partners.
Marketwall - The Company's 49% owned subsidiary
Marketwall, expects to deploy its mobile app for stock trading and
banking services in 2018. This is a part of the ongoing multi-year
revenue licensing partnership with Intesa Sanpaolo - Italy's
leading bank with 12.6 million customers. The mobile stock trading
application will directly interface with Intesa Sanpaolo's
established trading platform MarketHub, whose 2016 trading volume
exceeded EUR119 Billion on an average of 26,000 daily transactions.
Marketwall has also partnered with Samsung to pre-load the app on
certain Samsung devices in Europe.
AnalytixInsight will seek to develop a Blockchain distributed
ledger platform to reduce transaction costs and settlement times
for Marketwall, MarketHub and partners.
Prakash Hariharan, AnalytixInsight's Chairman and CEO,
commented: "A recent study by Deloitte shows there has been a
massive surge of new open source Blockchain projects globally, but
only a small percentage of these projects stay alive and achieve
meaningful scale. We believe that by working together with our
strategic partners we can create a meaningful impact within this
rapidly developing industry".
US Listing - AnalytixInsight has received
notice from the OTC Markets Group that it has met the requirements
to be upgraded to the OTCQB Marketplace effective November 14,
2017. The Company will now trade on the OTCQB under the symbol
"ATIXF". The Company will continue to also trade on the TSX-Venture
Exchange under the symbol "ALY". More than 80% of CapitalCube's
approximate 2 million monthly user session traffic is originated in
the United States.
The Company has granted incentive stock options to its
directors, officers, employees and consultants to purchase up to an
aggregate of 630,000 common shares in the capital stock of the
Company, exercisable for a period of five years, at a price of
$0.47 per share. The stock options vest immediately, subject to a
four month regulatory hold period. This grant of options is subject
to the approval of the TSX Venture Exchange.
ABOUT ANALYTIXINSIGHT INC. (www.AnalytixInsight.com)
AnalytixInsight's artificial intelligence platform transforms
data into narratives. AnalytixInsight's online portal CapitalCube
(www.capitalcube.com) algorithmically analyzes market
price data and regulatory filings to create insightful, actionable
narratives and research on approximately 50,000 global companies
and ETFs, providing high-quality financial research and content for
investors, information providers, finance portals and media.
AnalytixInsight holds a 49% interest in Marketwall, a mobile
platform for banking and stock trading (www.marketwallcorporate.com). AnalytixInsight owns
Euclides Technologies Inc. (www.euclidestech.com), a
workflow analytics systems integrator.
Forward Looking Information:
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 enhance its
artificial intelligence platform and develop Blockchain
initiatives; the growth of the Company's business operations; the
use of the Company's content by various parties; the trading of the
Company's common shares on the OTCQB® market, the Company's ability
to continue developing partnership relationships, and the granting
of stock options. 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,, 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 THE 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.
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