Infinity AI Inc (CDTAF)

[NetworkNewsWire]

CDTAF Closes Private Placement Offering

Carl Data Solutions (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) today announced that it has closed the previously announced non-brokered private placement offering. The company sold 6,486,921 units at a price of $0.26 per unit for gross proceeds of $1,686,599.46. The company plans to use the proceeds from the offering to implement new advanced features to its FlowWorks application, as well as for general working capital purposes. No securities in the offering were sold or registered in the United States.

To view the full press release, visit http://nnw.fm/Yuo1I

About Carl Data Solutions Inc.

Carl Data Solutions Inc. is focused on providing next generation information collection, storage and analytics solutions for data-centric companies. Building on its recent acquisitions, Carl helps its clients analyze and understand all forms of environmental data through a powerful platform of data collection, monitoring, analysis and reporting tools. Carl Data continues to develop applications to work with new cloud-based mass storage services and analytics tools (Big-Data-as-a-Service (BDaaS) to provide scalability for municipalities, utilities and other industrial verticals. These data collection and storage methods allow the company to build smart Software-as-a-Service (SaaS)-based applications that can collect data from many diverse sources and provide deep insight for decision-making purposes. For more information, visit the company’s website at www.CarlSolutions.com.