For immediate release
23 July 2024
ADVFN plc
("ADVFN" or the
"Company")
Corporate
update
The Board of ADVFN is pleased to provide an update on the
current development of the ADVFN investor platform ("Platform"). As
reported earlier this year, the Company has been making a number of
enhancements to the Platform, in line with ADVFN's strategic aim to
position the Company as a cutting-edge technology company within
the financial space.
These enhancements include the launch of ADVFN AI
Intelligence which is designed to empower ADVFN users with
a reliable, easy-to-use AI tool that enhances their decision-making
process by offering real-time, intelligent responses to a wide
range of financial queries.
The recent progress on revamping the ADVFN offering, including
the redesign and mobile optimisation of the website, is phased as
follows:
- Phase 1 completed: The first phase of the Platform updates,
which includes most of the core tools and pages ADVFN offers and
ADVFN AI Intelligence, is now live on www.advfn.com ;
- Phase 2 initiated: We have commenced the rollout of these
enhancements to additional countries, with completion anticipated
in the Autumn; and
- Long Tail Redesign: Upon the conclusion of Phase 2, we will
proceed with a comprehensive update of the remaining sections of
the platform.
We have also successfully integrated advanced analytics into our
operations, significantly enhancing our data-driven decision-making
capabilities. Optimisation and monetisation efforts are underway,
with the primary objective of increasing our subscription base.
The Company's new mobile app is currently in the testing phase
and is scheduled for release by the end of Q3 this year and we
expect to commence the onboarding process for existing users
shortly.
The Board looks forward to providing a further update on
Platform developments and trading as the year progresses.
A copy of this announcement is available from the Company's
website at www.advfnplc.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018. The person who arranged for the release of this announcement
on behalf of the Company was Amit Tauman, Director.
For further information please contact:
|
ADVFN plc
Amit Tauman (CEO)
|
+44 (0) 203 8794 460
|
|
Beaumont Cornish Limited (Nominated
Adviser)
Michael Cornish
Roland Cornish
|
+44 (0) 207 628 3396
|
|
Peterhouse Capital Limited (Broker)
Eran Zucker
Lucy Williams
Rose Greensmith
|
+44 (0) 207 469 0930
|
Beaumont Cornish Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting as
nominated adviser to the Company in relation to the matters
referred herein. Beaumont Cornish Limited is acting exclusively for
the Company and for no one else in relation to the matters
described in this announcement and is not advising any other person
and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Beaumont Cornish Limited, or for providing advice in relation to
the contents of this announcement or any matter referred to in
it.