ChineseInvestors.COM Announces 1st Quarter FY2012/2013 Results and Projected Profits for September 2012
LOS ANGELES, Oct. 18, 2012 /PRNewswire/ -- Warren Wang, CEO of ChineseInvestors.COM (OTCBB Symbol 'CIIX') announced that 1st quarter revenues (FY 2012/2013) increased by 55% (from $273,717 to $425,676) over 4th quarter revenues (FY 2011/2012). Net losses for the 1st quarter of 2012/2013 were also down significantly (from $694,727 to $284,192 or 59%) as compared to the 4th quarter of FY 2011/2012.
Paul Dickman, CFO of ChineseInvestors.com, Inc. has reported that preliminary revenue numbers for September 2012 (non-audited or reviewed) have continued the trend upward from the first quarter to grow to an all-time monthly high of over $280,000, creating a year to date revenue value (4 months of operations) of over $730,000. The corresponding preliminary income statement for September (non-audited or reviewed) anticipates a profit for September of 2012 of over $60,000. The Company's officers are optimistic that the investments and business initiatives put in place this past year are moving the Company towards sustained profitability.
Mr. Wang commented, "This is a real milestone for the Company as it prepares to roll out its latest endeavor in partnership with CBN iTV and the Shanghai Media Group in China; which will produce a one hour nightly news program covering the US Financial Marketplace (please see our previous news release on 10/03/2012). We are very excited by these latest updates and feel that the Company is making excellent progress in its efforts to become profitable this year."
Mr. Wang expressed optimism in that with several new business opportunities under development as well as the increased revenue trending, the company is expecting to show strong performance in its second quarter (FY 2012/2013) that will end on November 30, 2012 as well as surpass the revenues related to the prior year in its first six months of operations.
Mr. Wang also noted that the Company is conducting its annual Shareholder Meeting on October 20th, 2012 in Arcadia, California as noted in its current DEF14 proxy filing.
ChineseInvestors.com, Inc. ('CIIX'), founded in 1999 endeavors to be an innovative company; specializing in (a) providing real-time market commentary, analysis, and educational related endeavor(s) in Chinese language character sets (traditional and simplified), (b) providing support services to our various partners, (c) providing consultative services to smaller private companies considering becoming a public company, (d) providing various advertising as well as public relation support services, and (e) other services we may identify having the potential to create value or partnership opportunity with our existing services.
Further information may be found at our website (www.chinesefn.com).
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commissions (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other such filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new service lines noting there is no assurance that we will generate enough revenues to offset those costs. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in, the impact of which cannot be predicted at this time.
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