Big data analytics company AnalytixInsight Inc. (the "Company" or
"AnalytixInsight") (TSX VENTURE:ALY) announces that, further to its news release
date June 4, 2014, all of the issued and outstanding shares of its wholly owned
subsidiary, OMT Technologies Inc. ("OMT"), have been sold in exchange for the
forgiveness and cancellation of all debt related to OMT, in accordance with the
terms of a share purchase agreement dated June 4, 2014. This successful
conclusion of this transaction has made AnalytixInsight completely debt-free,
strengthened its balance sheet and will help the Company focus on its core
operations. 


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 Stockwall
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 Stockwall 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 Stockwall visit
http://www.stock-wall.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 Transaction and the debt
forgiveness. 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. Stetson
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For further information relating to AnalytixInsight,
CapitalCube.Com, and Stockwall:
Abha Dawesar
646.435.1561


Kin Communications
Freddie Leigh
604.684.6730

Analytixinsight, Inc. (TSXV:OMT)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Analytixinsight, Inc. Charts.
Analytixinsight, Inc. (TSXV:OMT)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Analytixinsight, Inc. Charts.