|[August 11, 2017]
Intellinetics, Inc. Issues Statement About Promotional Activity Concerning Its Common Stock
Intellinetics, Inc. (OTCQB:
INLX), a cloud-based document solutions provider, announces that it
has been made aware of and requested by the OTC Markets Group Inc. to
comment on recent trading and promotional activity concerning INLX
On August 10, 2017, OTC Markets informed the Company that it became
aware of certain promotional activities concerning Intellinetics, Inc.
and its common stock, including the distribution of promotional
newsletter emails encouraging investors to purchase the Company's common
stock. OTC Markets has notified the Company that this promotional
activity has had an effect on trading activity and the market for the
Company's securities. The Company understands this promotional activity
coincided with higher than average trading volume and fluctuations in
the Company's stock price. The Company was unaware of the promotional
activity until informed by OTC Markets, and is unaware of the full
nature of the promotional activity, the extent of the dissemination, or
the responsible parties.
In its investigation into this matter, the Company has made inquiries of
its executive officers, directors, controlling shareholders (i.e.,
shareholders owning 10% or more of the Company's securities, of which
there are two) and third party service providers. Neither the Company,
nor its executive officers, directors nor, to the Company's knowledge,
its controlling shareholders nor third party service providers, were
involved in any way with the creation or distribution of promotional
materials including these email newsletters. Additionally, neither the
Company's executive officers, directors nor, to the knowledge of the
Company, any controlling shareholders or any third party service
providers, sold or purchased shares of Common Stock of the Company
within the last 90 days. Further, the Company has not, other than
disclosed in its periodic reports filed with the Securities and Exchange
Commission, issued any shares or convertible instruments allowing
conversion to equity securities at prices constituting a discount to the
current market rate at the time of the issuance.
Since January 1, 2016, the Company has engaged Bibicoff + MacInnis, Inc.
as its provider of investor relations services, public relations
services, marketing, or other related services. Other than Bibicoff +
MacInnis, Inc., the Company has engaged no third parties to provide
marketing services and has engged no third parties to provide investor
relations services, public relations services, or other related services.
The Company is not affiliated in any way with the authors of the
promotional newsletter emails identified by OTC Markets. Certain
statements contained in the promotional materials as supplied to the
Company by OTC Markets may be materially false and/or misleading. The
Company encourages those interested in the Company to rely solely on
information included in its press releases combined with its filings and
disclosures made with the Securities and Exchange Commission.
IntelliCloud™ - Powered by the Intel (News - Alert)®
IntelliCloud™ is a cloud-based document management platform
that is optimized for the vast SMB market segment and business teams
within large enterprises who are stuck with paper in business-critical
processes. Thousands and thousands of people at any given moment depend
upon IntelliCloud to perform their work. IntelliCloud, which is
strategically packaged with Intel® technology, provides Law Enforcement
Grade security and compliance tools and is supported by a growing
network of market-leading reseller partners. Resellers often attach
IntelliCloud to the software, hardware, and/or services they already
sell, without the sales or technical complexity of other less effective
options in the market.
About Intellinetics, Inc.
Intellinetics, Inc. is a Columbus, Ohio-based ECM software company. Its
flagship IntelliCloud™ platform is ideal for embedded work teams in
businesses of any size stuck in document-centric processes that are not
optimized. IntelliCloud offers a painless way to merge those documents
into digital workflows, increasing service levels, compliance and
customer satisfaction while decreasing costs and risk. Intellinetics
collaborated with Intel® to create its IntelliCloud
Channel Program that enables resellers to easily embed IntelliCloud
into the copiers, productivity software and services they already
provide. IntelliCloud provides dealers a "deploy once, use many"
innovation where one IntelliCloud customer sale/activation creates
endless possibilities to add other software applications that deliver
more value and increase revenue. For additional information, please
Statements in this press release which are not purely historical,
including statements regarding future business and new revenues
associated with any channel partner, distribution partner, reseller, or
other relationship; Intellinetics' future revenues; market penetration;
execution of Intellinetics' business plan; and other intentions,
beliefs, expectations, representations, projections, plans or strategies
regarding future growth, financial results, and other future events 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 Intellinetics' cash flow or adequacy of capital
resources, market acceptance risks, the success of Intellinetics'
channel partners and distribution partners, technical development risks,
and other risks and uncertainties discussed in Intellinetics' most
recent annual report on Form 10-K and subsequently filed Form 10-Qs and
Form 8-Ks. Intellinetics 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 on its website at www.intellinetics.com
or at www.sec.gov.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170811005549/en/
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