Memex Engages Investor Relations Firms
26 Marzo 2014 - 9:32AM
Marketwired
Memex Engages Investor Relations Firms
BURLINGTON, ON--(Marketwired - Mar 26, 2014) - Astrix Networks
Inc. (TSX-VENTURE: OEE) operating under the trade name Memex
Automation Inc. ("Memex" or the "Company"), the global leader of
manufacturing M2M productivity solutions, is pleased to announce
that it has engaged Investor Cubed Inc. ("Investor Cubed") and
Proactive Investors ("Proactive"), to provide investor relations
and shareholder communications services effective immediately. Both
Investor Cubed and Proactive will focus on increasing investor
awareness in their respective verticals, introducing Memex to its
network of investment advisors, investment dealers, institutions
and other financial professionals.
In connection with these engagements, Investor Cubed has been
awarded a consulting contract for a term of fifteen months on a fee
for services basis, $5,000 per month, and granted options to
purchase 250,000 shares of Memex at a price of twenty cents per
share. Proactive subscribed for $24,500 of the previously announced
private placement at 14 cents per share and has been engaged for a
term of one year on a contract of the same total value. The
Investor Cubed options will vest quarterly in four batches of
62,500 each during the term of the contract starting September 19,
2014. The contract may be cancelled at the end of a quarter under
certain conditions. Any options not vested will terminate upon the
cancellation of the contract. The options are governed by the
provisions of the Company's stock option plan and the policies of
the TSX Venture Exchange.
"As a new public company, we're committed to building both our
core business and our public company profile at the same time,"
said David McPhail, CEO. "The simultaneous appointment of Investor
Cubed and Proactive enables us to reach investors, brokers, dealers
and institutional investors succinctly, globally. Whereas Investor
Cubed is well positioned in Canada, Proactive gets us into New
York, London and Frankfurt, Sydney and SE Asia. Our product,
MERLIN, sells and markets globally. Now we are marketing our stock
globally," he said.
"We are very pleased to be working with 'OEE' as they represent
the best of manufacturing productivity in the machine to management
(M2M) industrial Internet space," said Neil Simon, Investor Cubed's
CEO. "This company is a unique opportunity for investors in the
small cap sector who are interested in the Industrial Internet and
its application within manufacturing. I see the company becoming
the RedHat of the Industrial Internet," he said.
"I find OEE to be an interesting company," said Ian McLelland,
President, Proactive Investors. "It's interesting because they use
the Internet securely to show manufacturers how to make more
production and profit with the same labor and equipment. For
example, Mazak, North America's largest machine tool builder based
in Florence, KY, within an 800,000 square foot plant, published in
the March online edition of Modern Machine Shop a 17% improvement
in production equipment utilization after installing the company's
solution, MERLIN. That's impressive. I believe my following in New
York, London, Sydney and SE Asia will understand that value," he
said.
About Investor Cubed Inc.
Investor Cubed provides specialized consulting services to a
select group of leading emerging and mid-capitalization companies,
with an objective of taking our clients to the next level. Investor
Cubed assists these companies in gaining exposure to an established
national network of financial industry professionals. This broad
network includes investment advisors, bank owned investment dealers
and leading independent financial firms. In addition, Investor
Cubed provides traditional investor relations services including
tailored national marketing and communications strategies.
About Proactive Investor Service
Proactive Investors is a leading multi-media news organization,
investor portal and events management business with offices in New
York, Sydney, Toronto, Frankfurt and London.
Proactive Investors operates five financial websites in four
languages providing breaking news, comment and analysis on hundreds
of listed companies across the globe daily. Proactive is one of the
fastest growing financial media portals in the world. The group
also operates hugely successful "investor forums" where three or
four companies present to an audience of high net worth
sophisticated investors, fund managers, hedge funds, private client
brokers and analysts.
Globally, Proactive traffic continues to race ahead as private
and professional investors continue to rank the group as one of the
leading free sources of breaking news, in-depth comment and
analysis and CEO interviews on companies listed on stock exchanges
across the globe. In March 2010, total visitors to Proactive
Investors websites eclipsed 1 million. Proactive provides content
to many of the world's largest news amalgamators, financial
websites, and news tracking services, and also provides commentary
to dozens of other leading specialist investor focused
websites.
About Memex Automation Inc.
Memex Automation (TSX-VENTURE: OEE) is the leader of the
measurement of Overall Equipment Effectiveness ("OEE") in
real-time. OEE is the measurement of plant-wide capacity
utilization. MERLIN (Manufacturing Enterprise Real-time Lean
Information Network) generates OEE enterprise-wide, machine by
machine. Frost & Sullivan awarded MERLIN its 2013 Technology
Innovation Leadership Award. In 2013, Microsoft picked MERLIN to be
its mid-market ERP machine connectivity solution. Mazak, North
America's largest original equipment manufacturer of machine tools,
purchased MERLIN to manage its plant and now offers it on its price
list. For more information, please visit: www.memex.ca.
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 news release.
For further information please contact: Memex Automation Inc.
Thomas Smeenk Telephone: 905-536-3138 Email: Email Contact
www.memex.ca Investor Cubed Inc. Neil Simon Telephone: 647-258-3311
Email: Email Contact www.investor3.ca Proactive Investors Sam Kiri
Telephone: 647-342-2932 Email: Email Contact
www.proactiveinvestors.com
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