ChineseInvestors.COM Anticipates a Profitable 2nd Quarter in FY 2014
AURORA, Colo., Nov. 22, 2013 /PRNewswire/ -- Moving forward into its second quarter (FY 2014), ChineseInvestors.COM (OTCQB Symbol 'CIIX') anticipates generating a solid increase in both its revenues and profitability. Please note that CIIX has a fiscal year starting on June 1st and ending on May 31st.
Mr. Warren Wang, Chairman and Chief Executive Officer commented, "We continue to see solid growth in our subscription sales activities as well as many new clients entering into service provider agreements. As of the date of this press release our active service provider client list is comprised of one (1) OTCPNK, five (5) OTCQB, and five (5) NYSE/NASDAQ companies; several of which have long term service agreements."
Mr. Brett Roper, Chief Operating Officer commented, "We are working with our clients to ensure their corporate messaging, strategics, and general financial progress are communicated to our highly 'market engaged' Chinese subscribers generally based here in North America. We continue to work in providing various levels of support for 'private to public' company initiatives as well as general up listing support for OTCBB companies with aspirations to move up to the higher exchanges. At this time we are projecting profits in the $200,000 range on revenues in the $700,000 range as related to our 2nd quarter FY 2014 performance which would result in two consecutive profitable quarters, both exhibiting substantial successive revenue growth. With the service agreements currently in place as well as the continued growth in our subscription service offerings and other service offerings, we are very optimistic about our annual performance numbers."
ChineseInvestors.com, Inc. ('CIIX'), founded in 1999 endeavors to be an innovative company; providing (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified), (b) support services to our various partners, (c) consultative services to smaller private companies considering becoming a public company, (d) advertising and public relation related support services, and (e) other services we may identify having the potential to create value or partnership opportunity with our existing services.
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 or profits 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). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, the Company may not be able to sustain growth or achieve profitability. Reference is hereby made to cautionary statements set forth in the Company's most recent reports on Form 10-K and 10-Q, and other SEC filings. In addition, the information contained in this press release is subject to the risk factors identified in the Company's most recent Form 10-K. 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.