TORONTO, ON – August 28, 2017 – Artificial Intelligence company, AnalytixInsight Inc. (the “Company” or “AnalytixInsight”) (TSX-VENTURE: ALY) and Africa investor (“Ai”), a leading African media and financial group, have entered into an agreement to jointly create and launch an online platform for comprehensive company analysis, including on-demand fundamental research, portfolio evaluation, and screening tools on publicly listed companies in Africa. Africa investor is an investment holding company operating through Ai Capital, for principal investments, and Ai Media, for distributing financial content through its various channels, networks and clients. Ai publishes Ai magazine, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Ai 40 Investors’ Index, hosts the Ai CEO Institutional Investment Summit & Awards and the Ai CEO Infrastructure Investment Summit & Awards, among other events.
Over the past decade, African equity markets have produced above average returns in emerging markets, but the overwhelming concerns for investors continues to be data availability, quality, logistics and liquidity. A joint product offering between AnalytixInsight and Ai, with a Pan African reach, will enable institutional investors, high net worth and retail investors to increase exposure to these markets.
The joint offering platform will provide investors with data driven insights to evaluate and capitalize on opportunities offered within the African capital markets. The platform will be a premier source of financial data and analysis for 16 African exchanges, covering over 1,000 African equities, with an objective of providing domestic and offshore investors easy access to multiple African capital markets.
Ai will be in charge of the sales and marketing of the platform through a variety of channels and AnalytixInsight will manage and maintain the technical and operational aspects of the platform.
The partnership will kick-off with the participation of AnalytixInsight in the Ai CEO Institutional Investment Summit meeting on September 18-19 in New York. The summit is a unique CEO investor-issuer, invitation-only capital market leaders’ platform for global institutional investors and African sovereign wealth and pension fund investors to originate and intermediate capital market transactions in Africa.
Prakash Hariharan, AnalytixInsight’s Chairman and CEO commented: “We are excited about the partnership and the potential to expand into Africa. Investors and financial institutions currently incur significant costs in gathering and analyzing financial data to take advantage of African opportunities. AnalytixInsight’s big data analytics platform overcomes this challenge. We look forward to implementing our analytics platform and services within a variety of Africa centric institutions and investors that already work with Ai, including stock exchanges, pension funds and corporations”.
CONTACT INFORMATION: For AnalytixInsight Inc. Scott Urquhart: Scott.Urquhart@analytixinsight.com VP Corporate Development Tel: (416) 522-3975
ABOUT ANALYTIXINSIGHT INC. (www.analytixinsight.com) AnalytixInsight Inc.'s artificial intelligence platform transforms data into narratives. The 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.
ABOUT AFRICA INVESTOR (www.africainvestor.com) Africa investor is a specialist investment and communications group advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Ai publishes Ai magazine, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Ai 40 Investors’ Index, hosts the Ai CEO Institutional Investment Summit & Awards and the Ai CEO Infrastructure Investment Summit & Awards, among other events. Operating at the intersection of business, government, international organisations and the media, Ai group has a network of clients across Africa and globally.
Forward Looking Information: This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Parties are under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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