TORONTO, ONTARIO--(Marketwired - May 27, 2016) - Big Data Analytics company, AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) this week reported solid first quarter performance on the back of continued growth in the business operations of its subsidiaries CapitalCube Corp. ("CapitalCube") (www.capitalcube.com) and Marketwall S.r.L. ("MarketWall").
Key highlights for Q1 2016 include the following:
During the first quarter, the Company announced that Intesa Sanpaolo acquired a 33% share in the Company's mobile subsidiary, MarketWall. The Company continues to make significant progress in the multi-year strategic partnership with Intesa Sanpaolo, wherein MarketWall will be integrated with Intesa Sanpaolo's retail banking portals for a minimum annual licensing fee of CAD $2 million. CapitalCube now attracts over 2 million unique visitors per month. This increase in traffic reflects the advances made in Search Engine Optimization and in publishing CapitalCube's content through leading distribution partners like Yahoo! Finance and The Wall Street Journal. CapitalCube's unique Big Data Analytics and auto-language generation platform creates and publishes a large volume of insightful financial content with speed and scale, and has made the Company a valuable partner to leading financial portals globally. Access from mobile devices (smartphones and tablets) continues to be strong and remains a fast growing segment. CapitalCube continues to publish its unique earnings analysis on approximately 25,000 publicly listed companies in 14 countries, including analysis on publicly listed equities in North America. Due to strong demand, the Company is expanding the countries and companies covered, and expects to begin publishing earnings analysis on Japanese stocks shortly. CapitalCube has started publishing unique earnings analysis of micro-cap and pre-revenue companies publicly listed in North America. In addition, CapitalCube now also publishes analysis of ETFs based on the performance of all of the underlying constituents of each ETF - enabling users to uniquely compare ETFs within a particular asset class and even across asset classes. The Company expects the unique nature of this content to further drive traffic and users to its portal. The Company also expects to start publishing high quality content in other languages shortly to help further increase traffic and user engagement. In addition, the Company's platform is now mature and applicable to other verticals - including non-financial applications such as healthcare, as well as in related financial applications like the robotic advisory space. The Company anticipates new business opportunities with robotic advisory services as well leading hedge funds and stock exchanges in 2016. The Company also closed a non-brokered private placement raising gross proceeds of CAD$1,090,000 during the first quarter.
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 www.capitalcube.com. For more information about Marketwall visit www.marketwall.com.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding ongoing and future partnership; the potential for partnerships to create an expanded user base and additional revenues for AnalytixInsight; the growth of the Company's business operations; the use of the Company's content by various parties; 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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