Edge Total - UNFYF STOCK NEWS

Edge Total Intelligence Inc. has amended its debt facilities to ease cash flow pressures. The company increased its line of credit from $1.74 million to $5.1 million, extending the maturity to January 20, 2026, with an interest rate rising to 8%. A partial repayment of $3 million was made on the existing note with Salem Investment Partners, which reduced its interest rate from 12% to 6% and extended the maturity to January 1, 2024. Additionally, amendments to convertible promissory notes with management extended the maturity to 2025 and reduced the interest rates. The overall changes are expected to reduce annual interest expenses by $313,000.

edgeCore Platform Recognized by Gartner

On January 19, 2023, Edge Total Intelligence (edgeTI) announced its recognition as a Representative Vendor in Gartner's "Market Guide for Technologies Supporting a Digital Twin of an Organization". This acknowledgment highlights edgeTI’s strength in operational excellence and performance management within manufacturing logistics.

The edgeCore platform empowers organizations to enhance digital transformation, reduce costs, and improve efficiency through its real-time digital operations software.

Edge Total Intelligence Inc. (OTCQB: UNFYF) has engaged Independent Trading Group for market-making services, aiming to enhance liquidity for its common shares on the TSX Venture Exchange. The initial term of the agreement is three months, with a monthly fee of CAD$5,000. In a separate move, edgeTI has ended its engagement with Sophic Capital for investor relations, effective December 15, 2022. These strategies are part of the company’s efforts to strengthen its market presence and operational efficiency.

Edge Total Intelligence has awarded an additional 89,935 stock options to Sophic Capital, enhancing their partnership for capital market strategies and investor relations. These options, exercisable at $0.72 each, follow a previous allocation of 100,000 options at $0.62. Both options will vest quarterly over a year, with a maximum validity of five years. The agreement revamps the company’s investor engagement strategy, which is crucial for maintaining visibility in the market. EdgeTI operates in real-time digital operations, supporting enterprises in enhancing their operational capabilities.

Edge Total Intelligence Inc. (OTC: UNFYF) reported a 10% decrease in total revenue for Q3-2022, reaching $908,064, attributed to a shift in professional services. However, subscription revenue showed slight growth at $795,698. The company secured key contracts, including a $950 million contract with the U.S. Air Force and a Basic Ordering Agreement with NATO, enhancing its operational outlook. Despite the challenges posed by global market conditions and rising interest rates affecting decision cycles, edgeTI is focusing on debt restructuring and U.S. government operations to regain growth.

Edge Total Intelligence Inc. has appointed Brett Paulson, CEO of Trellis Advisors, to its Board of Directors, aiming to strengthen governance and enhance shareholder value. Paulson brings over 20 years of growth expertise, having previously revitalized businesses and achieved significant financial improvements. His experience includes transforming KETRA into a profitable entity leading to its acquisition, and driving revenue growth at Texas Instruments. This strategic appointment follows the resignation of Christian Mack and keeps the Board’s composition stable at seven members.

Edge Total Intelligence Inc and Silico Ltd have announced a strategic partnership aimed at enhancing digital transformation for industries such as telecom, BFSI, and manufacturing. The collaboration integrates Silico's Business Process Simulation technology with edgeTI's real-time digital operations software to create digital twins of enterprises. This integration allows organizations to simulate business scenarios and make informed decisions based on real-time data. The partnership is expected to improve operational efficiency and speed in decision-making.

On October 11, 2022, Edge Total Intelligence Inc (OTCQB: UNFYF) announced its approval to trade on the OTCQB Venture Market. This new listing aims to enhance liquidity for existing and potential shareholders by facilitating U.S. dollar transactions. CEO Jim Barrett emphasized that this milestone will increase visibility among U.S. investors and simplify trading processes, contributing to the company’s growth. EdgeTI continues to trade on the Toronto Venture Exchange under the symbol CTRL.