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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