Ms. Natalie Hirsch reports

ANALYTIXINSIGHT INC. PROVIDES CORPORATE UPDATE AND BUSINESS OUTLOOK

AnalytixInsight Inc. has provided a corporate update to shareholders from recently appointed interim president and chief executive officer, Natalie Hirsch.

Since the resignation of Prakash Hariharan as CEO and chairman of the board of the company, and the subsequent appointment of Ms. Hirsch as AnalytixInsight's interim president and chief executive officer, the organization has entered a transformative period with several new initiatives which it anticipates will unlock shareholder value.

Management of the company is currently in the process of implementing a plan initially proposed by AnalytixInsight's new chairman, Vince Kadar, that is intended to create revenue and drive shareholder value expeditiously. The first task was to commence an organizational analysis that considered the performance and achievements of the company since 2016.

"We believe that we are currently at a pivotal moment in our company's history," stated Ms. Hirsch. "Firstly, I am committed to establishing a regular, open and honest flow of ALY's business performance information to all stakeholders. Secondly, we are moving quickly towards a rejuvenated business plan that we anticipate will see us refocus our resources while pursuing multiple avenues of recently identified growth opportunities for the company."

To date, the company has been defined through three business segments. A review of each is included below:

CapitalCube

CapitalCube was designed to be an artificial-intelligence-driven content supplier with the ability to offer scalable machine-created analyst research content on 50,000 worldwide stocks and North American exchange-traded funds, allowing qualified users to make more informed investment decisions.

As part of its review of CapitalCube, AnalytixInsight completed an intellectual property report which led to the conclusions that CapitalCube has unique, competitive and defendable intellectual property. Currently, CapitalCube's revenue is limited to three enterprise clients and a limited number of retail users. It believes this represents a material opportunity to significantly grow sales to new users, predominantly in the business-to-business or business-to-business-to-consumer sector. In addition, AnalytixInsight has launched a market validation exercise to evaluate and understand the size and scope of the opportunity within Canada and the United States.

Previously, the CapitalCube division had no sales functions or dedicated staff who could advance market penetration efforts. The company recently onboarded a sales lead whose early market outreach appears to be generating immediate interest in new sales opportunities for the CapitalCube product. Preliminary feedback from its efforts suggests that with some technical optimization, the outlook over the medium and long term is positive to license the company's product functionalities (white label or application programming interfaces) and it looks forward to advancing this opportunity.

Euclides Technologies Inc.

Euclides is a field service management software business, focused on providing professional services. The software keeps track of mobile field work force operations. Components typically include inventory management, vehicle tracking, scheduling and workflow optimization. The comprehensive review of Euclides immediately signalled that there has been a cost and revenue imbalance at Euclides for the past few years, especially since no new intellectual property had been developed in the recent past. Based on the company's evaluation, the outlook for Euclides simply cannot compete with the return potential offered by its other business lines over the short, medium or long term. As such, it has already taken steps to streamline operations and reduce the associated overhead. The company intends to continue to assess potential future opportunities regarding product development or other value creation avenues in this area.

MarketWall SRL

AnalytixInsight is pleased to announce that Ms. Hirsch has been appointed by the company to serve on the board of directors of MarketWall, which follows Prakash Hariharan's resignation from the position.

Mr. Kadar, board chair of AnalytixInsight, stated, "I welcome the fresh perspective that Natalie will bring to MarketWall's board, which I expect will help the company realize value from its investments."

MarketWall, a developer of fintech solutions for financial institutions in Italy, is an Italian company in which AnalytixInsight holds a 49-per-cent equity interest. MarketWall also wholly owns InvestoPro SIM, which is a duly licensed on-line financial broker in Italy.

Over the past several years, MarketWall has announced numerous new business relationships, including with well-recognized names such as Samsung and Morningstar. However, it should be noted that AnalytixInsight's rights with respect to MarketWall are limited to those of a minority shareholder, which includes a right by AnalytixInsight to appoint one of its three board members. Consistent with the company's approach in evaluating CapitalCube and Euclides, it has undertaken a full review and assessment of the company's investment in MarketWall to maximize shareholder value, which it anticipates will include exploring short-term business opportunities between AnalytixInsight, MarketWall and Intesa SanPaolo.

Conclusion

While the company strongly believes that AnalytixInsight's foundational building blocks are in place to reinvigorate its business strategy, it anticipates challenges ahead. However, it also sees opportunities to optimize the business, build shareholder confidence and create stakeholder value.

"The ALY board of directors has entrusted me with leading this company into a new era of value creation potential marked by a commitment to ethical conduct, transparent disclosure, organizational performance and robust corporate governance," stated Ms. Hirsch. "You can expect more frequent, transparent and meaningful shareholder communications and I invite our shareholders to contact me for an open dialogue, subject to applicable laws. In the near term, we also plan to update our investor collateral, including the corporate presentation and website, where you can sign up for news alerts to stay apprised of ALY's progress and activities."

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-per-cent interest in MarketWall, a developer of fintech solutions for financial institutions in Italy.

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