Company News2020-03-06T10:13:25+00:00

Company News

Intellinetics, Inc. Reports First Quarter Results

Growth Through Acquisition COLUMBUS, OH – (May 18, 2020) – Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three months ended March 31, 2020. 2020 First Quarter Financial Highlights Total Revenue increased 135% from the same period in 2019. Software as a Service Revenue increased 13% from the same period in 2019. Net Loss of $646,211 decreased from the same period in 2019 Adjusted EBITDA Loss of $180,478, [...]

May 18th, 2020|Comments Off on Intellinetics, Inc. Reports First Quarter Results

Intellinetics, Inc. Clarifies Use of PPP Funds to Benefit Employees

COLUMBUS, Ohio, April 27, 2020 (GLOBE NEWSWIRE) – Yesterday, Intellinetics, Inc., (OTCQB: INLX) was mentioned in an article in the New York Times entitled “Large, Troubled Companies Got Bailout Money in Small-Business Loan Program.” For clarification, Intellinetics Inc. is a very small public company. As a small Midwestern business, we believe we are exactly the type of business the CARES Act was designed to help. Intellinetics previously announced that it had received a PPP [...]

April 27th, 2020|Comments Off on Intellinetics, Inc. Clarifies Use of PPP Funds to Benefit Employees

Intellinetics, Inc. Acquires CEO Imaging Systems, Inc.

Strengthens K-12 Market Penetration and Positions for Future Growth COLUMBUS, Ohio, April 24, 2020 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced it has acquired substantially all the assets of CEO Imaging Systems, Inc., doing business as CEO Image Systems, a document solutions company that specializes in the K-12 education market, as well as financial services and others. Located in Plymouth, MI, CEO Imaging Systems had $0.5 million in [...]

April 24th, 2020|Comments Off on Intellinetics, Inc. Acquires CEO Imaging Systems, Inc.

Intellinetics, Inc. Secures PPP Financing

Receives $838,700 in Cash COLUMBUS, Ohio, April 20, 2020 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced it entered into an unsecured promissory note under the Paycheck Protection Program (the “PPP”), with a principal amount of $838,700. The PPP was established under the recently congressionally approved Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (the “SBA”). The term [...]

April 20th, 2020|Comments Off on Intellinetics, Inc. Secures PPP Financing

Intellinetics, Inc. Reports Fourth Quarter and Year-End Results

Revenue Growth Over 2018 COLUMBUS, OH – (March 30, 2020) – Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three and twelve months ended December 31, 2019. 2019 Fourth Quarter Financial Highlights Total Revenue decreased 1% from Q4 2018. Software as a Service Revenue decreased 2% from Q4 2018. Net Loss of $591,013. Adjusted EBITDA Loss of $309,549, an increase of 20% from Q4 2018. 2019 Twelve Month [...]

March 30th, 2020|Comments Off on Intellinetics, Inc. Reports Fourth Quarter and Year-End Results

Intellinetics, Inc. Expands Digital Content Management Services with Acquisition of Graphic Sciences, Inc.

Clients to benefit from complementary document conversion services COLUMBUS, Ohio, March 4, 2020 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced today that it has acquired Graphic Sciences, Inc., a company that specializes in document scanning and digital conversion services, located in Madison Heights, MI. Intellinetics acquired Graphic Sciences as a wholly owned subsidiary. At present, each company will continue to operate under its own name, maintain current offices, [...]

March 4th, 2020|Comments Off on Intellinetics, Inc. Expands Digital Content Management Services with Acquisition of Graphic Sciences, Inc.

Intellinetics, Inc. Completes Equity and Debt Financing and Acquires Graphic Sciences, Inc.

Financing Restructures Balance Sheet and Provides Platform for Future Growth COLUMBUS, Ohio, March 4, 2020 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced it has closed an equity and debt private placement financing and raised a total of $5.5 million. From the amount raised in the financing, $3.5 million was used for the initial purchase price of Graphic Sciences, Inc., a company that specializes in document scanning and digital conversion [...]

March 4th, 2020|Comments Off on Intellinetics, Inc. Completes Equity and Debt Financing and Acquires Graphic Sciences, Inc.

Intellinetics Selected as Partner for Khameleon Software

IntelliCloudTM Easily Integrates to Enhance Khameleon’s Platform for Office Furniture Dealers COLUMBUS, Ohio, February 10, 2020 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced today that the company has been selected as the digital document management partner for Khameleon Software, a major provider of business software for the office furniture industry. This partnership combines the best-in-class technology from each company to offer a complete digital document management system to Khameleon’s [...]

February 10th, 2020|Comments Off on Intellinetics Selected as Partner for Khameleon Software

Intellinetics Achieves EVV Vendor Certification in Ohio

IntelliCloud EVVTM, an Alternative EVV System Offers Compliance with Benefits COLUMBUS, Ohio, January 22, 2020 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced today that the company has achieved Alternative Electronic Visit Verification (EVV) Certification in Ohio. This comprehensive certification process was conducted by the Ohio Department of Medicaid (ODM) in response to federal requirements established in the 21st Century Cures Act (Cures Act). This certification allows Department of Developmental [...]

January 22nd, 2020|Comments Off on Intellinetics Achieves EVV Vendor Certification in Ohio

Intellinetics, Inc. Graduates Four Students from Innovative Medicaid Training Services

Partnership with ARC Industries Positions Individuals for Employment COLUMBUS, Ohio, December 11, 2019 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced today four students have graduated from the company’s innovative Medicaid Training Services. This program, in partnership with ARC Industries (ARC), focuses on training developmentally disabled individuals, giving them marketable skills that enable them to seek employment. In this model, the Intellinetics document scanning operation creates an immersive training environment [...]

December 11th, 2019|Comments Off on Intellinetics, Inc. Graduates Four Students from Innovative Medicaid Training Services

Intellinetics, Inc. Reports Third Quarter and Nine-Month Results – Revenue Growth Over Second Quarter

COLUMBUS, OH – (November 14, 2019) – Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three and nine months ended September 30, 2019. 2019 Third Quarter Financial Highlights Highest third quarter Total Revenue since inception. Total Revenue increased 18% sequentially from Q2 2019. Total Revenue increased 12% from Q3 2018. Software as a Service Revenue increased 23% from Q3 2018. Net Loss of $398,753. Adjusted EBITDA Loss of $92,833, [...]

November 14th, 2019|Comments Off on Intellinetics, Inc. Reports Third Quarter and Nine-Month Results – Revenue Growth Over Second Quarter

Intellinetics, Inc. Reports Second Quarter and Six-Month Results Revenue Growth Over First Quarter

COLUMBUS, OH – (August 14, 2019) – Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three and six months ended June 30, 2019. 2019 Second Quarter Financial Highlights Total Revenue increased 24% sequentially from Q1 Total Revenue increased 17% from Q2 Software as a Service Revenue increased 30% from Q2 Net Loss of $473,662. Adjusted EBITDA Loss of $163,720, a decrease of 58% from Q2 2019 Six Month [...]

August 14th, 2019|Comments Off on Intellinetics, Inc. Reports Second Quarter and Six-Month Results Revenue Growth Over First Quarter

Intellinetics, Inc. Partners with Electronic Medication Administration Provider

CaraSolva, Inc. Integrates Electronic Medications Administration Record (eMAR) Solution with Intellinetics IntelliCloudTM COLUMBUS, Ohio, June 24, 2019 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document content services provider, announced today that the company will be partnering with CaraSolva, Inc. (CaraSolva), a software developer of electronic based scheduling and administration applications for patient medications. The partnership sets the stage for CaraSolva to add fully integrated document management capabilities within their MedSupport® eMAR solution for [...]

June 24th, 2019|0 Comments

Intellinetics, Inc. Reports First Quarter Results Total Quarter Revenues $515,385

COLUMBUS, OH – (May 15, 2019) – Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced its financial results for the three months ended March 31, 2019. 2019 First Quarter Financial Highlights Total Revenues decreased 2% from Q1 Software as a Service Revenue increased 13% from Q1 Net Loss increased 5% from Q1 Adjusted EBITDA Loss decreased of 5% from Q1 Summary – 2019 First Quarter Results Revenues for the three months ended [...]

May 15th, 2019|0 Comments

Intellinetics, Inc. Completes K-12 Solutions Integration

Initial Software Unlimited, Inc. Partnership Orders Complete COLUMBUS, Ohio, April 9, 2019 (GLOBE NEWSWIRE) – Intellinetics, Inc., a cloud-based content services provider, announced today that the company has completed the initial integration of K-12 Docs with 10 early adopter school districts. K-12 Docs is a result of a partnership established in Q4 2018 with Software Unlimited Inc. (SUI), a major software developer and publisher of solutions for the K-12 market. This partnership gave SUI fully integrated document management capabilities [...]

April 9th, 2019|0 Comments

Intellinetics, Inc. Reports Q4 and Year-End Results

Total Annual Revenue $2,381,427 Q4 Total Revenue Growth over 2017 Consistent Software as a Service Growth COLUMBUS, OH – (April 1, 2019) – Intellinetics, Inc. (OTCQB: INLX) a cloud-based document solutions services provider, announced financial results for the twelve months ended December 31, 2018. 2018 Fourth Quarter Financial Highlights Total Revenue increased 26% from Q4 2017. Software as a Service Revenue increased 33% from Q4 2017. Net Loss increase of 74% from Q4 2017. Adjusted EBITDA Loss [...]

April 1st, 2019|0 Comments

Intellinetics Becomes Certified Provider For Ohio Provider Resource Association

Certification Provides Members with Access to Best-Practice Document Management Solution COLUMBUS, Ohio, March 29, 2019 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document content services provider, announced today a new partnership with Ohio Provider Resource Association(OPRA). This partnership further strengthens Intellinetics commitment to provide cloud-based document management solutions to the Human Services industry. Intellinetics has been approved as an OPRA Vendor Partner. This program, known as OPRA’s Vendor Partner Program (VPP), provides OPRA members proven, best-practice [...]

March 29th, 2019|0 Comments

Intellinetics, Inc.TM Announces New IntelliCloud Incidence Case Management System TM (ICMS)

Software Portfolio Expansion Continues with Mission Critical Case Management Solutions COLUMBUS, Ohio, March 29, 2019 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a provider of cloud-based content services solutions, announced today the release of IntelliCloud Incident Case Management System (ICMS) powered by its proprietary Case Analysis and Response EngineTM (CARE). IntelliCloud ICMS is designed to automate the lifecycle of incident case management for mission-critical markets such as those found in the Human Service Provider (HSP) industry, providing [...]

March 29th, 2019|0 Comments

Intellinetics, Inc. Partners with ARC Industries to Enable Innovative Medicaid Training Services

Partnership Positions Individuals for Employment COLUMBUS, Ohio, Feb. 11, 2019 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document content services provider with a focus on solutions for human service providers (HSP), announced today a new service line that further extends the company’s commitment, presence and impact on the HSP market. This new partnership with ARC Industries (ARC) reflects ARC’s focus on community integration for the individuals it serves. In this model, the Intellinetics document scanning operations [...]

February 11th, 2019|0 Comments

Intellinetics, Inc. Reports Third Quarter and Nine-Month Results

Revenue Growth Over Second Quarter COLUMBUS, OH – (November 14, 2018) – (GLOBENEWSWIRE) Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three and nine months ended September 30, 2018. 2018 Third Quarter Financial Highlights Total Revenue increased 22% from Q2 2018. Total Revenue flat from Q3 2017. Software as a Service Revenue decreased 2% from Q3 2017. Net Loss of $479,791. Adjusted EBITDA Loss of $208,362. Summary – [...]

November 14th, 2018|0 Comments

Intellinetics, Inc. Offers Portal for Independent Providers

This Cost-Effective Solution Provides Time and Cost Savings COLUMBUS, Ohio, August 22, 2018 (GLOBE NEWSWIRE) – Intellinetics, Inc., (OTCQB: INLX) a cloud-based document content services provider, announced today a new cloud-based document management solution specifically for the Independent Providers market called the Provider Portal™. Intellinetics’ Provider Portal provides a cost-effective solution that allows Independent Providers to get up and running within 24 hours. An Independent Provider is a self-employed person who provides services to people with [...]

August 22nd, 2018|0 Comments

Intellinetics, Inc. Partners with K-12 Solutions Provider

Software Unlimited, Inc. Partnership Results in Sales Before Official Launch COLUMBUS, Ohio, August 14, 2018 (GLOBE NEWSWIRE) – Intellinetics, Inc., a cloud-based document content services provider, announced today that the company will be partnering with Software Unlimited Inc. (SUI), a major software developer and publisher of solutions for the K-12 market. The arrangement sets the stage for SUI to add fully integrated document management capabilities within its School Accounting System for K-12 school districts. Intellinetics’ flagship IntelliCloud™ platform [...]

August 14th, 2018|0 Comments

Intellinetics, Inc. Reports Second Quarter and Six-Month Results

Revenue Growth Over First Quarter Consistent Software as a Service Growth COLUMBUS, OH – (August 14, 2018) – (GLOBENEWSWIRE) Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three and six months ended June 30, 2018. 2018 Second Quarter Financial Highlights Total Revenue increased 5% from Q1 2018. Total Revenue decreased 25% from Q2 2017. Software as a Service Revenue increased 19% from Q2 2017. Net Loss of $669,450. Adjusted EBITDA [...]

August 14th, 2018|0 Comments

Intellinetics, Inc. Reports First Quarter Results

Modest Revenue Growth Over 4th Quarter Consistent Software as a Service Growth Modest Revenue Growth Over 4th Quarter COLUMBUS, OH – (May 15, 2018) – Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three months ended March 31, 2018. First Quarter Financial Highlights Total Revenue increased 5% from Q4 2017 Total Revenue decreased 26% from Q1 2017. Software as a Service Revenue increased 36% from Q1 2017. Net Loss [...]

May 15th, 2018|0 Comments

Taglich Brothers Initiates lntellinetics Inc.

COLUMBUS, OH, April 18, 2018 – Taglich Brothers. Inc. announces that it has initiated coverage of lntellineticsInc. COTC: INLX). lntellinetics, headquartered in Columbus, Ohio has developed lntelliCloudTM“, 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 credentialing  or audit trails. The company’s primary targets are organizations and governmental agencies within the health and human services and education (1(-12) [...]

April 18th, 2018|0 Comments