Thursday, December 18, 2014 Last update: 6:33 PM
FreshNews.com - Covering Large & Obscure Tech Companies Since 1996

GlobalWise Investments Completes $500,000 Financing, Extends the Maturity of Outstanding Notes - and Expands Sales and Marketing Program for IntelliCloudTM Document Workflow Management System

Companies mentioned in this article: GlobalWise Investments, Inc.

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.

  • 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.

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™ model:
    • 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 devices.
    • 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 solutions.
  • 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

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):

  • 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.

CAUTIONARY STATEMENT

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.


Copyright © Business Wire 2014
Contact:

GlobalWise Investments, Inc.
Matthew Chretien, Pres. & CEO
614-388-8909
matt@intellinetics.com