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COLUMBUS, OH -- (Marketwired) -- 11/14/13 -- GlobalWise Investments, Inc. (OTCQB: GWIV) (OTCBB: GWIV) (the "Company") (www.GlobalWiseInvestments.com) and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management ("ECM") systems in both the public and private sectors, announce financial results for the third quarter ended September 30, 2013.

The Company's total revenues for the quarter ended September 30, 2013 were $381,078 as compared to $711,737 for the three months ended September 30, 2012, a decrease of $330,659, or 46%, primarily attributable to decreases in revenues from software licenses with and without professional services and consulting services. Gross profits were $266,162 for the quarter ended September 30, 2013 as compared to $484,205 for the quarter ended September 30, 2012, representing a decrease of 45%, primarily as a result of the decrease in revenues.

GlobalWise's costs of revenues were $114,916 and $227,532 for the quarters ended September 30, 2013 and September 30, 2012, respectively, representing a decrease of $112,616 or 49%. The decrease in cost of revenues is primarily the result of a decrease in third-party costs in connection with a client document conversion project in 2012. As a result, gross margins were 70% and 68% for the quarters ended September 30, 2013 and September 30, 2012, respectively, an increase of 2%.

Total operating expenses for the quarter ended September 30, 2013 were $767,533 as compared to $889,776 during the quarter ended September 30, 2012, representing a decrease of $122,243 or 14%.

As a result, GlobalWise reported a net loss of $541,412 for the quarter ended September 30, 2013 compared to a net loss of $492,607 for the quarter ended September 30, 2012, representing an increase of $48,805.

Matthew Chretien, Interim President and CEO of GlobalWise stated, "While our revenue growth has slowed down, public awareness of cloud-based computing, storage and retrieval is helping our marketing efforts to the smaller SMB clients. Our software as a service (SAAS) offering Intelli-Cloud™ is sold through our expanding base of channel partners that creates a low-cost sales delivery mechanism coupled with a high-margin software product. The recent conferences we attended, is helping us broaden our message to a larger group, as well as increase our number of channel partners. Our channel partnerships with companies like MWAi are gaining traction and I was honored to participate in the 2013 Innovation Fair in Japan with the rest of the Technology United members. I am enthusiastic regarding the expected increased performance and commitment from our channel partners, but still expect fluctuations in revenue as we evolve from historically premised-based software solutions sold over a long sales cycle to cloud-based solutions."

About GlobalWise Investments, Inc.

GlobalWise Investments, Inc., via its wholly owned subsidiary Intellinetics, Inc., is a Columbus, Ohio based Enterprise Content Management (ECM) pioneer with industry-leading software that delivers cloud ECM based solutions on-demand. The Company's flagship platform, Intellivue™, represents a new industry benchmark and game-changing solution by enabling clients to access and manage the content of every scanned document, file, spreadsheet, email, photo, audio file or video tape -- virtually anything that can be digitized -- in their enterprise from any PC, laptop, tablet or smartphone from anywhere in the world.

For additional information, please visit the Company's corporate website: www.GlobalWiseInvestments.com

                 GLOBALWISE INVESTMENTS, INC. and SUBSIDIARY
                    Condensed Consolidated Balance Sheets


                                   ASSETS
                                                   Unaudited
                                                 September 30,  December 31,
                                                 ------------- -------------
                                                      2013          2012
                                                 ------------- -------------

Current assets:
  Cash                                           $     170,975 $      46,236
  Accounts receivable, net                             532,965       332,413
  Prepaid expenses and other current assets             56,761        40,026
                                                 ------------- -------------

    Total current assets                               760,701       418,675

Property and equipment, net                             61,280        58,129
Other assets                                            31,003        37,239
                                                 ------------- -------------

    Total assets                                 $     852,984 $     514,043
                                                 ============= =============

                   LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
  Accounts payable and accrued expenses          $    462,548  $  1,143,265
  Deferred revenues                                   648,406       571,268
  Derivative Liability                                      -        15,470
  Notes payable - current                             305,809       563,009
  Convertible note payable, net of discount                 -       107,518
  Notes payable - related party - current             230,415        95,000
                                                 ------------  ------------
    Total current liabilities                       1,647,178     2,495,530

Long-term liabilities:
  Deferred compensation                               215,012       309,740
  Notes payable - net of current portion            1,210,992     1,509,265
  Notes payable - related party                             -       369,415
  Deferred interest expense                            73,316        41,440
  Other long-term liabilities - related parties        30,091        72,033
                                                 ------------  ------------

    Total long-term liabilities                     1,529,411     2,301,893
                                                 ------------  ------------

    Total liabilities                               3,176,589     4,797,423


Stockholders' deficit:
  Common stock, $0.001 par value, 50,000,000
   shares authorized; 47,362,047 and 36,490,345
   shares issued and outstanding at September
   30, 2013 and December 31, 2012, respectively        54,363        36,492
  Additional paid-in capital                        4,912,814     1,348,794
  Accumulated deficit                              (7,290,782)   (5,668,666)
                                                 ------------  ------------
    Total stockholders' deficit                    (2,323,605)   (4,283,380)
                                                 ------------  ------------
    Total liabilities and stockholders' deficit  $    852,984  $    514,043
                                                 ============  ============




                GLOBALWISE INVESTMENTS, INC. and SUBSIDIARY
              Condensed Consolidated Statements of Operations
                                (Unaudited)

                           For the Three Months       For the Nine Months
                            Ended September 30,       Ended September 30,
                         ------------------------  ------------------------
                             2013         2012         2013         2012
                         -----------  -----------  -----------  -----------

Revenues:
 Sale of software
  licenses without
  professional services  $    11,263  $    84,134  $   150,542  $   140,812
 Sale of software
  licenses with
  professional services       72,852      307,167      192,585      720,562
 Software as a service        34,919       25,425      104,030       79,062
 Software maintenance
  services                   211,759      201,539      648,765      574,848
 Consulting services          50,285       93,472      221,192      444,066
                         -----------  -----------  -----------  -----------

  Total revenues             381,078      711,737    1,317,114    1,959,350
                         -----------  -----------  -----------  -----------

Cost of revenues:
 Sale of software
  licenses without
  professional services        6,609        8,271       19,712       40,103
 Sale of software
  licenses with
  professional services       48,810      109,229      280,761      372,084
 Software as a service         6,881        7,478       20,684       21,372
 Software maintenance
  services                    32,172       34,719       92,496       96,003
 Consulting services          20,444       67,836       63,112      292,080
                         -----------  -----------  -----------  -----------

  Total cost of revenues     114,916      227,532      476,765      821,641
                         -----------  -----------  -----------  -----------

Gross profit                 266,162      484,205      840,349    1,137,709
                         -----------  -----------  -----------  -----------

Operating expenses:
 General and
  administrative             566,448      589,403    1,642,065    1,758,602
 Sales and marketing         193,579      293,636      673,601      938,969
 Depreciation                  7,506        6,737       19,622       21,174
                         -----------  -----------  -----------  -----------

  Total operating
   expenses                  767,533      889,776    2,335,288    2,718,745
                         -----------  -----------  -----------  -----------

Loss from operations        (501,371)    (405,571)  (1,494,939)  (1,581,036)

Other income (expense)
 Derivative gain                   -            -       15,470            -
 Interest expense, net       (40,041)     (87,036)    (142,647)    (214,695)
                         -----------  -----------  -----------  -----------

  Total other income
   (expense)                 (40,041)     (87,036)    (127,177)    (214,695)

Net loss                 $  (541,412) $  (492,607) $(1,622,116) $(1,795,731)
                         ===========  ===========  ===========  ===========

Basic and diluted net
 loss per share:         $     (0.01) $     (0.01) $     (0.03) $     (0.05)

Weighted average number
 of common shares
 outstanding - basic and
 diluted                  47,362,047   33,022,913   47,362,047   32,082,486
                         ===========  ===========  ===========  ===========