AnalytixInsight Appointment of New Interim Chief Executive Officer and Corporate Update - Seite 2

The Company also updates the market that there have recently been further unauthorized public disclosures improperly purporting to be on behalf the Company, despite not being authorized by the Board. Investors are cautioned to ensure they are relying only upon authoritative statements by the Company approved by the Board. Such statements are easily recognizable as they identify that they have been approved by a majority of the Board.  

The Company has also become aware of a claim filed in the Ontario Court on April 15, 2024 purportedly on behalf of the Company, two of its directors (Vincent Kadar and Scott Gardner), the Company’s former Corporate Secretary (Aaron Atin), and the Company’s recently terminated Interim President and Chief Executive Officer (Ms. Hirsch). The filing of this claim on behalf of the Company was not authorized by the Board. The Board is reviewing the claim and will respond in due course.

In an apparent attempt to publicize the unauthorized claim, an unauthorized and misleading news release purporting to be on behalf the Company was issued on April 15, 2024, directly contrary to the disclosure controls in place at the Company and the written directions approved by a majority of the Board. During its meeting today, the Board resolved to underscore the importance to the Company of strict adherence with its public disclosure controls requiring prior approval from at least a majority of the Board of any news release, and directed management to immediately take all necessary actions to prevent further postings of unauthorized news releases on the Company’s SEDAR+ profile.

The Board consists of the following directors Chaith Kondragunta (Chair of Board), Jith Veeravalli (Independent), Prakash Hariharan (Non-Independent), Vincent Kadar (Independent) and Scott Gardner (Independent). Management of the Company currently consists of Chaith Kondragunta (Chair of the Board and Secretary), Scott Urquhart (Interim President and Chief Executive Officer) and Jonathan Dwek (Chief Financial Officer).

This news release is available under the Company’s SEDAR+ profile at www.sedarplus.ca.

Contact Information:

Name: Chaith Kondragunta
Title: Chair of the Board
Email: [e-mail]
Tel: [phone]

About AnalytixInsight Inc.

AnalytixInsight is a data analytics and enterprise software solutions provider. AnalytixInsight develops and markets cloud-based platforms providing financial content, company analysis and stock research solutions to the financial services industry. AnalytixInsight holds a 49% interest in MarketWall S.R.L., a developer of fintech solutions for financial institutions in Italy.

Regulatory Statements

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE