TORONTO – AnalytixInsight Inc. (‘AnalytixInsight‘, or the ‘Company’) (TSX-V:ALY; OTC:ATIXF), a provider of financial content and enterprise software solutions, announces that InvestoPro SIM, the subsidiary of its subsidiary MarketWall, has entered into an agreement final (the ‘Final Agreement with Samsung Electronics Italia SpA. introduce the InvestoPro digital trading platform to Samsung users in Italy and today launched InvestoPro Go.
The definitive agreement follows the memorandum of understanding (the “Memorandum of Understanding”) announced by the Company on September 14, 2022. Under the definitive agreement, Samsung will feature the InvestoPro financial application on Samsung’s Quick Access, Samsung’s Internet browser start page, in exchange for InvestoPro paying a nominal per-click fee. Samsung has millions of monthly active Samsung Internet users who use Quick Access, which presents clickable icons for major brands to users every time they use their browser and gives users easy access to partner websites. Final agreement entered into force November 1, 2022and automatically renews semi-annually until terminated.
Today, InvestoPro SIM launched “InvestoPro Go”, a new version of the InvestoPro platform trading application specially designed for Samsung devices, which features no fixed costs, competitive trading fees and trading reports. news tailored to Samsung users.
Prakash HariharanCEO of AnalytixInsight and Board Member of InvestoPro SIM, said, “We have worked diligently to enter into the definitive agreement with Samsung and prepare InvestoPro Go for Samsung users. These are significant achievements for our business, and we are working to position InvestoPro as a leading digital trading platform in Europe. Samsung holds a substantial market share of mobile users in Europeand we are proud to partner with them to promote InvestoPro Go to their large customer base.
The MOU also contemplates Samsung recommending InvestoPro to users as an exclusive digital trading app as part of its app installer. The parties to the MOU continue to work toward a definitive agreement regarding the application installer. The app installer walks users through the first device power-on procedure and presents recommended apps in popular, useful, and fun categories. App recommendations can be targeted by age and gender and can be easily downloaded by tapping the download button.
ON ANALYTICAL PERSPECTIVES
AnalytixInsight is a provider of data and business analytics software solutions for world-renowned institutions in various industries. AnalytixInsight develops and markets cloud-based platforms providing financial content, equity trading and research solutions for banks, brokers and investors in the financial services industry. AnalytixInsight owns a 49% stake in MarketWall, a developer of FinTech solutions for financial institutions. Visit AnalytixInsight.com.
Regulatory declarations
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the Company’s business operations and objectives, particularly with respect to its expectations regarding InvestoPro Go and the Definitive Agreement, the impact of the Definitive Agreement on the Company and the future performance of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, ‘expected’, ‘estimated’, ‘anticipates’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or statements as certain actions, events or results ‘could’, ‘might’, ‘would’, ‘could’ or ‘will be taken’, ‘occur’ or ‘will be carried out’. 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 applicable, be materially different from those expressed or implied by such forward-looking information, including, but not limited to: business, economic, competitive, geopolitical and social uncertainties; the Company’s technology and revenue generation; risks associated with operating in the technology sector; the Company’s ability to successfully integrate new technologies and new employees; risks related to foreign operations; 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 the forward-looking information, there may be other factors that cause results not to be those 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 forward-looking information except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION
Contact:
Prakash Hariharan
President and CEO
AnalytixInsight Inc.
Such. : (416) 561-9461
Email: [email protected]