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.