Mr. Prakash Hariharan reports
ANALYTIXINSIGHT INC. COMPLETES SALE OF SUBSIDIARY
Further to the news release dated June 4, 2014, all of the issued and outstanding shares of AnalytixInsight Inc.'s wholly owned subsidiary, OMT Technologies Inc., have been sold in exchange for the forgiveness and cancellation of all debt related to OMT, in accordance with the terms of a share purchase agreement dated June 4, 2014. This successful conclusion of this transaction has made AnalytixInsight completely debt-free, strengthened its balance sheet and will help the company focus on its core operations.
We seek Safe Harbor.
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