- Proxy Proposal to Change Name of Company to Intellinetics, Inc. -
The Company completed a $500,000 Convertible Notes financing. The
Notes carry a cash coupon of 10%, and the principal amounts of the
Notes are convertible into common stock at a price of $0.08.
Also, the Company canceled existing Notes for $670,000 and accrued
interest which were due in July, and issued new convertible Notes in
the amount of $701,068.50 due in December 2015 with the same terms as
the canceled Notes.
COLUMBUS, Ohio--(BUSINESS WIRE)--
GlobalWise Investments, Inc. (OTCQB:GWIV)
and its wholly owned subsidiary Intellinetics, Inc. -- a leading-edge
technology company focused on the design, implementation and management
of cloud-based Enterprise Content Management (ECM) systems in both the
public and private sectors -- announced that it has recently completed
steps to strengthen the Company’s balance sheet and to expand its sales
and marketing program for IntelliCloudTM.
Expanding Sales and Marketing
The proceeds of the financing are being deployed to support the
expanding sales and marketing efforts for Intellinetics’ turnkey,
cloud-based imaging and data management technologies and services:
Intellinetics sales model continues to transition from premise-based,
one-time sales to the new low-cost, cloud-based
IntelliCloud gives small to medium sized users a cost effective
way to use digital document storage without the typical burden of
significant investment in hardware and software.
IntelliCloud facilitates document routing & storage via
photocopier to cloud storage / routed to secure desktop & other
IntelliCloud is cloud computing enabled technology, based on 20
years of government/client development experience.
Strategic partnership with Intel™ -- powered by Intel NUC Platform.
Added five sales partners who are actively selling IntelliCloud-based
Entered into an alliance with Muratec, a hardware OEM, to present the
IntelliCloud program to its 600 dealer network.
Expanded partner sales and marketing tools – new marketing assets, web
site and partner sales tools now available to increase partner support
and sales effectiveness.
Recent leading industry analyst/publication highlights the market need
and unique innovation IntelliCloud brings to the market – http://www.intellinetics.com/the-intelligence-of-intellicloud
L. Chretien, President and CEO of GlobalWise and Intellinetics,
stated, “As the number of active IntelliCloud sales partners increases,
as we expect it will over both the near- and long-term, the Company will
generate a growing and recurring revenue stream. New partner-centric
messaging, sales tools and resources are key milestones in the execution
of our growth strategy. When coupled with recent operating expense
reductions, these are all critical aspects of positioning the Company
for long-term growth and profitability,” Chretien concluded.
IntelliCloud Features & Benefits
The IntelliCloud solution is delivered to the market by our Channel
Partners to their customers as a turnkey solution to reduce
operational costs and increase document accessibility and security for
small to medium sized enterprises (SMEs):
Find, Share, Email, and Route documents to authorized users
Simple, Affordable, and Secure
Improve Productivity & Reduce Costs
To view the simplicity of IntelliCloud in action, visit http://www.intellinetics.com/video.
Pending Name Change to Intellinetics, Inc.
In its recent proxy filing, shareholders of GlobalWise will be asked to
vote at the August 6, 2014 annual meeting of shareholders on a proposal
to change the name of the Company from “GlobalWise Investments, Inc.” to
“Intellinetics, Inc.” in order to more accurately reflect the Company's
current business, which is providing imaging and data management
technologies and services, and to align its corporate name with the
Company's sole operating subsidiary, Intellinetics, Inc.
About Intellinetics, Inc.
Since 1994, Intellinetics has been building powerful solutions making it
easy to securely capture paper and/or digital documents and connect them
to business processes to save time, money and improve performance.
IntelliCloudTM enables reseller-partners to add cost
effective document-centric workflow solutions to their devices and/or
services for a strong selling advantage and revenue growth.
Intellinetics is wholly owned by GlobalWise Investments, Inc.
(OTCBB:GWIV). Visit www.intellinetics.com
for more information.
About GlobalWise Investments, Inc.
GlobalWise Investments, Inc., via its wholly owned subsidiary
Intellinetics, Inc., is a Columbus, Ohio-based Enterprise Content
Management (ECM) pioneer with industry-leading software that delivers
cloud ECM-based solutions on demand. The Company’s flagship platform,
IntellivueTM, represents a new industry benchmark and
game-changing solution by enabling clients to access and manage the
content of every scanned document, file, spreadsheet, email, photo,
audio file or video tape – virtually anything that can be digitized – in
their enterprise from any PC, laptop, tablet or smartphone from anywhere
in the world.
Statements in this press release which are not purely historical,
including statements regarding Intellinetics' intentions, beliefs,
expectations, representations, projections, plans or strategies
regarding the future are forward-looking statements. The forward-looking
statements involve risks and uncertainties including, but not limited
to, the risks associated with the effect of changing economic
conditions, trends in the products markets, variations in the company's
cash flow or adequacy of capital resources, market acceptance risks,
technical development risks, and other risk factors. The company
cautions investors not to place undue reliance on the forward-looking
statements contained in this press release. Intellinetics disclaims any
obligation and does not undertake to update or revise any
forward-looking statements in this press release. Expanded and
historical information is made available to the public by Intellinetics
and its Affiliates on its website www.intellinetics.com
or at www.sec.gov.
GlobalWise Investments, Inc.
Matthew Chretien, Pres. & CEO
Source: GlobalWise Investments, Inc.