Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 23

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 23
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 and others interested
in ACCESS to review the information we post to all our channels, including our social media accounts.

We offer a dynamic customer
platform that empowers businesses to connect, engage and build their brands. Our platform streamlines Public Relations (PR) and Investor
Relations (IR), helping organizations manage events, enhance communication and strategically distribute their messaging to key stakeholders,
including investors, media professionals, markets, and regulatory systems worldwide. Today, thousands of customers—from emerging
startups to multi-billion-dollar global brands—trust our ACCESS platforms to elevate their reach and impact.

Specifically, the core products
that encompass our platform are the following: Press Release Distribution, Media Monitoring, Database and Pitching, as well as Investor
Relations Websites and Earnings and Event technologies.

We focus on selling to small
and mid-market businesses companies, which we define as companies that have between 2 and 2,000 employees. In late 2024, we launched our
new subscription platform to existing customers only, and at the beginning of 2025, officially released it as part of our rebrand to ACCESS
Newswire. As of September 30, 2025, we have 972 subscriptions with an annual recurring revenue (“ARR”) of approximately $11.3
million.

 21 

Sale of our Compliance Business

On
February 28, 2025, the Company and Direct Transfer, LLC, its wholly owned subsidiary entered into and closed an Asset Purchase Agreement
(the “Purchase Agreement”) with Equiniti Trust Company, LLC (the “Buyer”). Pursuant to, and subject to the terms
and conditions of, the Purchase Agreement, the Buyer purchased certain assets related to the Company’s Compliance business (the
“Purchased Assets”). The Purchased Assets consisted of certain accounts receivable, prepaid assets, contracts and intellectual
property, among other things, related to the Company’s services of providing i) disclosure software and services for financial reporting,
ii) stock transfer services, iii) annual meeting, print and shareholder distribution and fulfillment services and iv) virtual annual meeting
services (but not the intellectual property relating to the virtual annual meeting services). Revenue related to these services was previously
included in the Company’s “compliance revenue” stream as reported with the SEC in previous filings, except revenue related
to virtual annual meeting services, which was previously reported in the “communications revenue” stream in previous SEC filings.
Additionally, revenue related to providing SEDAR services and revenue related to our whistleblower hotline