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:
Matthew 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):
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.