ChineseInvestors.COM Announces Annual Operating Results Improvement
LOS ANGELES, Sept. 3, 2013 /PRNewswire/ -- ChineseInvestors.COM (OTCQB Symbol 'CIIX') reported year end operating revenues increased by 82% to $1,639,373 as compared with last year's revenues of $897,105. The Company's losses also decreased by 50%; to <$1,118,041> as compared with last year's losses of <$2,206,158>.
Mr. Warren Wang, Chairman and Chief Executive Officer noted, "We have had continued success in growing our Business Service related offerings to date noting on May 1st, 2013 we had only two active clients while as of the date of this press release we now have 13 active clients that in combination have generated $1M+ in stock (rule 144, restricted) and $240,000 in cash based payment revenues over the past four months. Naturally, we accrue these values to the proper period in which they are earned but we are encouraged by this performance. We continue to provide subscription products that have already begun to generate additional sales as we enter FY 2014. We feel that these offerings in combination with our other products will help us to expand both our customer base as well as build stronger revenue sources for the Company."
Mr. Brett Roper, Chief Operating Officer commented, "We are very encouraged by the growth in our fourth quarter Business Services Revenues as they rose to $260,360 in comparison to the first three quarters total performance of $116,047. We also were able to generate a balance sheet allowance improvement related to the same fourth quarter growth in our trading securities of $63,207 that is not reflected in our income statement numbers. Our operating losses for the fourth quarter continue to shrink in comparison to our losses in the prior quarters of FY 2013 and we expect this trend to continue based upon the growth in our overall revenues. Losses for the 1st quarter of FY 2014 are expected to drop substantially as compared with those we experience in the prior quarter."
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, impacts from the future values of trading securities in comparison with those values as noted within our financial statements, 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 Commission (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. The Company accepts common stock (restricted under Rule 144) in consideration of services it provides to Clients and notes that the value of such stock (reflected as Investments and Trading Securities) may vary significantly by the time it is released from restriction(s) and is saleable, therefore having a substantial impact on the value it ultimately generates in the form of cash once liquidated.