15:07:11 EDT Sat 18 May 2024
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Impact Analytics Inc
Symbol PACT
Shares Issued 28,023,932
Close 2024-04-16 C$ 0.99
Market Cap C$ 27,743,693
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Impact Analytics completes Lana product development

2024-04-17 12:25 ET - News Release

Mr. Colin Frost reports

IMPACT ANALYTICS COMPLETES MINIMUM VIABLE PRODUCT DEVELOPMENT OF LANA CASH

Further to Impact Analytics Inc.'s press release of Jan. 30, 2024, its contracted research and development partner, Research Laundry LLC, has completed, on the company's behalf, the minimum viable product (MVP) development of Lana Cash. The Company intends to initially deploy the MVP of Lana Cash to prospective partners and existing Pulse Pilot Partners in order to facilitate testing and with the aim of soliciting user feedback.

The Company invites interested parties to request access to this MVP by emailing products@impactrisk.ai .

The Lana Cash MVP is a technology demonstrator that is built in a modular structure allowing users to select and prioritize components such as "Know Your Client" compliance, income verification, marketing technology, remarketing and application programming interfaces. Lana Cash is also being developed to be redesigned for white labeling and resale. These functionalities aim to benefit potential enterprise users by removing the need for them to develop their own technology. The MVP version of Lana Cash provides a hub in which enterprises can provide historical loan outcomes that will then be analyzed by the application using Machine Learning AI techniques.

The MVP version of Lana Cash is hosted on the Company's Secure Data Vault at Hurricane Electric LLC's facilities and features a unique 'chat to apply' function that aims to help users complete credit applications via a more natural conversation as compared to traditional credit applications. The back end of Lana Cash features a simple client relations management dashboard that can be customized for partner requirements.

Lana Cash is currently a "minimum viable product", which means that it is an application that is usable with limited features. Please refer to "Forward-Looking Information" for discussion of the assumptions and risk factors associated with the statements in this press release.

About Impact Analytics

Impact Analytics is a risk assessment, data intelligence and financial services platform powered by AI. The Company is building a proprietary product stack to optimize and streamline financial decision making for enterprises and individuals. Learn more at https://www.impactrisk.ai/ .

We seek Safe Harbor.

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