NEW YORK, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Taglich Brothers, Inc. announces that it has initiated coverage of Intellinetics Inc. (OTC:INLX).
Intellinetics Inc., headquartered in Columbus, OH, has developed IntelliCloud™ a software solutions platform enabling customers to capture and manage documents across its operations. IntelliCloud is a secure document management solution for organizations that have critical document requirements such as for audit trails and credentialing. The company’s primarily targets are organization and governmental agencies within the health and human services and education (K - 12) markets.
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Taglich Brothers, Inc. is full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.
We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. As of the date of the report, Taglich Brothers, Inc. and/or its affiliates owns or has a controlling interest in more than 1% of INLX common stock. Michael Taglich, President of Taglich Brothers, Inc. owns or has a controlling interest in 2,806,409 shares of INLX common and restricted common stock and 3,294,783 shares that may be acquired upon the conversion of convertible notes and exercise of restricted warrants. Robert Taglich, Managing Director of Taglich Brothers, Inc., owns or has a controlling interest in 2,570,451 shares of INLX common and restricted common stock and 1,913,572 shares that may be acquired upon the conversion of convertible notes and exercise of restricted warrants. Robert Schroeder, Vice President of Investment Banking at Taglich Brothers, Inc. and Chairman of Intellinetics Inc., owns or has a controlling interest in 594,236 shares of INLX common and restricted common stock and 465,841 shares that may be acquired upon the conversion of convertible notes and exercise of restricted warrants. Doug Hailey, Director of Investment Banking at Taglich Brothers, Inc., owns or has a controlling interest in 28,571 shares of INLX restricted common stock and 169,500 shares that may be acquired upon the exercise of restricted warrants. Richard Oh, Managing Director of Taglich Brothers, Inc., owns or has a controlling interest in 68,500 shares of INLX that may be acquired upon the exercise of restricted warrants. Other employees at Taglich Brothers, Inc. also own or have controlling interests in 416,140 shares of INLX that may be acquired upon the exercise of restricted warrants. Taglich Brothers, Inc. owns 11,258 shares of INLX that may be acquired upon the exercise of restricted warrants. Taglich Brothers, Inc. had an investment banking relationship with the company mentioned in this report. In March 2013, Taglich Brothers, Inc. served as the placement agent for a common stock offering. In 2014, the company retained Taglich Brothers, Inc. as a placement agent for the sale of convertible notes the transaction. In November and December 2016, and January 2017, Taglich Brothers Inc. served as the placement agent in the sale of 12% convertible notes for the company. In September and November 2017, Taglich Brothers, Inc. served as the placement agent in the sale of 8% convertible notes for the company. All research issued by Taglich Brothers, Inc. is based on public information. In January 2018, the company paid Taglich Brothers a monetary fee of $4,500 (USD) representing payment for the creation and dissemination of research reports for three months. In June 2018, the company will begin paying Taglich Brothers a monthly monetary fee of $1,500 (USD) for the creation and dissemination of research reports.
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