We, at Memex Automation, engaged a couple of companies to help us with investor relations and shareholder communications. These are exciting times with a world of opportunities in front of us!
The full press release is below:
Memex Automation Engages Investor Relations Firms
Burlington, ON, Canada – March 26, 2014 – Astrix Networks Inc. (TSX-V: OEE) operating under the trade name
Memex Automation Inc. (“Memex”
or the “Company”), the global leader of manufacturing M2M productivity
solutions, is pleased to announce that it has engaged Investor Cubed
Inc. (“Investor Cubed”) and Proactive Investors (“Proactive”),
to provide investor relations and shareholder communications services
effective immediately. Both Investor Cubed and Proactive
will focus on increasing investor awareness in their respective
verticals, introducing Memex to its network of investment
advisors, investment dealers, institutions and other financial
professionals.
In connection with these engagements, Investor Cubed has been awarded a
consulting contract for a term of fifteen months on a fee for services
basis, $5,000 per month, and granted options to purchase 250,000 shares
of Memex at a price of twenty cents per share. Proactive
subscribed for $24,500 of the previously announced private placement at
14 cents per share and has been engaged for a term of one year on a
contract of the same total value. The Investor Cubed options
will vest quarterly in four batches of 62,500 each during
the term of the contract starting September 19, 2014. The contract may
be cancelled at the end of a quarter under certain conditions. Any
options not vested will terminate upon the cancellation of the
contract. The options are governed by the provisions of
the Company’s stock option plan and the policies of the TSX
Venture Exchange.
“As a new public company, we’re committed to building both our core
business and our public company profile at the same time,” said
David McPhail, CEO. “The simultaneous appointment of Investor Cubed and
Proactive enables us to reach investors, brokers, dealers
and institutional investors succinctly, globally. Whereas
Investor Cubed is well positioned in Canada, Proactive gets us into New
York, London and Frankfurt, Sydney and SE Asia. Our product, MERLIN,
sells and markets globally. Now we are marketing our stock
globally,” he said.
“We are very pleased to be working with “OEE” as they represent the best
of manufacturing productivity in the machine to management (M2M)
industrial Internet space,” said Neil Simon, Investor Cubed’s CEO.
“This company is a unique opportunity for investors
in the small cap sector who are interested in the Industrial
Internet and its application within manufacturing. I see the company
becoming the RedHat of the Industrial Internet,” he said.
“I find OEE to be an interesting company,” said Ian McLelland,
President, Proactive Investors. “It’s interesting because they use
the Internet securely to show manufacturers how to make more production
and profit with the same labor and equipment. For example,
Mazak, North America’s largest machine tool builder based in
Florence, KY, within an 800,000 square foot plant, published in the
March online edition of Modern Machine Shop a 17% improvement in
production equipment utilization after installing the company’s
solution, MERLIN. That’s impressive. I believe my following in New
York, London, Sydney and SE Asia will understand that value,” he said.
About Investor Cubed Inc.
Investor Cubed provides specialized consulting services to a select
group of leading emerging and mid-capitalization companies, with an
objective of taking our clients to the next level. Investor Cubed
assists these companies in gaining exposure to an established
national network of financial industry professionals. This broad network
includes investment advisors, bank owned investment dealers and leading
independent financial firms. In addition, Investor Cubed
provides traditional investor relations services including tailored
national marketing and communications strategies.
About Proactive Investor Service
Proactive Investors is a leading multi-media news organization, investor
portal and events management business with offices in New York, Sydney,
Toronto, Frankfurt and London.
Proactive Investors operates five financial websites in four languages
providing breaking news, comment and analysis on hundreds of
listed companies across the globe daily. Proactive is one of the fastest
growing financial media portals in the world. The group
also operates hugely successful “investor forums” where three or four
companies present to an audience of high net worth
sophisticated investors, fund managers, hedge funds, private client
brokers and analysts.
Globally, Proactive traffic continues to race ahead as private and
professional investors continue to rank the group as one of the leading
free sources of breaking news, in-depth comment and analysis and
CEO interviews on companies listed on stock exchanges
across the globe. In March 2010, total visitors to Proactive Investors
websites eclipsed 1 million. Proactive provides content to many of
the world’s largest news amalgamators, financial websites, and news
tracking services, and also provides commentary to
dozens of other leading specialist investor focused websites.
About Memex Automation Inc.
Memex Automation (TSX-V:OEE) is the leader of the measurement of Overall
Equipment Effectiveness (“OEE”) in real-time. OEE is the measurement of
plant-wide capacity utilization. MERLIN (Manufacturing Enterprise
Real-time Lean Information Network) generates
OEE enterprise-wide, machine by machine. Frost & Sullivan awarded
MERLIN its 2013 Technology Innovation Leadership Award. In 2013,
Microsoft picked MERLIN to be its mid-market ERP machine
connectivity solution. Mazak, North America’s largest original equipment
manufacturer of machine tools, purchased MERLIN to manage its plant and
now offers it on its price list. For more information, please visit:
www.memex.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release.
For further information please contact:
Memex Automation Inc.
Thomas Smeenk
Telephone: 905-536-3138
Email:
Thomas.Smeenk@Memex.ca
www.memex.ca
Investor Cubed Inc.
Neil Simon
Telephone: 647-258-3311
Email: Nsimon@investor3.ca
www.investor3.ca
Proactive Investors
Sam Kiri
Telephone: 647-342-2932
Email: Sam@proactiveinvestors.com
www.proactiveinvestors.com