GlobalWise Investments reported a very
successful shareholder meeting, which took place earlier this week.
Shareholders approved seven different proposals, which included electing three
directors, amending the Articles of Incorporation to effectuate a 1 for 7
reverse stock split and change the company’s name to Intellinetics, approving
current compensation levels on an advisory basis, voting to hold say-on-pay
advisory votes every three years, and ratifying the appointment of GBQ Partners
LLC as the company’s independent registered public accounting firm.
GlobalWise’s business activities have always
been conducted through wholly owned subsidiary Intellinetics. The name and
symbol change will help the company increase brand awareness of Intellinetics
and the cutting-edge solutions it provides to the business community.
“Shareholder support and approval for these
important, coordinated components represent an important milestone in our
strategy to improve liquidity in the market for the Company’s stock and to help
our focus on revenue growth,” said Matthew L. Chretien, President and CEO. “
Intellinetics’ flagship solution, named
IntelliCloud™, helps small to medium sized enterprises reduce operational costs
and increase document accessibility and security. Using a channel sales
strategy, which involves using the existing connections of reseller-partners,
the company enables other businesses easily add cost effective document-centric
workflow solutions to their devices and/or services for a strong selling
advantage and revenue growth.
For more information on Intellinetics and
IntelliCloud™, visit www.intellinetics.com
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