Monday, July 21, 2014

GlobalWise Investments, Inc. (GWIV) Secures Financing Deals, Expands Sales and Marketing Strategies

GlobalWise Investments today announced that a series of steps have been completed to strengthen its balance sheet as well as expand its sales and marketing program for IntelliCloud™.

The company secured a $500,000 convertible notes financing with a cash coupon of 10% and a principle that can be converted into common stock at a price of $0.08. Also, existing notes for $670,000 and accrued interest expiring this month were replaced by new convertible notes in the amount of $701,068.50 due in December 2015 with the same terms as the canceled notes.

According to the press release issued today, the financing proceeds are being used to support greater sales and marketing efforts for the cloud-based imaging and data management technologies and services offered by Intellinetics, a wholly owned subsidiary of GlobalWise.

President and CEO of GlobalWise and Intellinetics, Matthew L. Chretien, 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.”

GlobalWise is using a channel sales partner growth model to deliver the IntelliCloud solution to existing customers as a turnkey solution to reduce operational costs and increase document accessibility and security for small to medium sized enterprises (SMEs). Features and benefits include:

•           Find, Share, Email, and Route documents to authorized users
•           Simple, Affordable, and Secure
•           Improve Productivity & Reduce Costs
•           Intuitive Interface (view in action: http://www.intellinetics.com/video)

The press release also said GlobalWise shareholders 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.

For more information on GlobalWise and Intellinetics, visit www.globalwiseinvestments.com

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