ChineseInvestors.COM Announces Improved 3rd Quarter Results
LOS ANGELES, April 17, 2013 /PRNewswire/ -- ChineseInvestors.COM (OTCBB Symbol 'CIIX') reported year to date revenues of $1,197,622 as compared with last year's YTD (FY2012) revenues of $623,388. This represents a 92% increase in a year over year comparison. The Company's losses also decreased in the same YTD comparison by $213,214 or 20%.
Mr. Brett Roper, Chief Operating Officer commented, "We are very encouraged by the growth in our public company strategies advisory services business line as noted in several recent press releases. If we are successful in attracting additional new clients for this type of support services offering, we will have the potential to increase our general revenues substantially as each new client represents an excellent new revenue potential which will play an important role in driving our ability to achieve a positive bottom line in the future."
Mr. Warren Wang, Chairman and Chief Executive Officer noted, "We have had good success in our updated Advertising and IR service offerings. We have found that by delivering such services on an extended term basis we are able to generate better, more sustainable results for our clients. We also have added several new subscription products that have already begun to generate additional sales as we enter our fourth quarter. We feel that these offerings in combination with our other products will help us to expand both our customer base as well as build revenues for the Company."
Mr. Roper added, "We have also just entered into a license support agreement with a very successful cannabis related business in Colorado that will be focusing on the related emerging business nationally by providing a complete business development product for new operators entering this unique business channel."
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 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.