DENVER, May 23, 2014 /PRNewswire/ -- Moving forward into its fourth quarter (FY 2014), ChineseInvestors.COM (OTC Symbol 'CIIX') anticipates generating continuing profits as well as a substantial increase in its general year on year (FY2013 vs. FY2014) revenues.
Mr. Warren Wang, Chairman and Chief Executive Officer commented, "As we move to the close of our fiscal year we are expecting to see our fourth quarter performance produce continuing profitability as well as a modest increase in our general income. As of the date of this press release our active service provider client list includes one (1) OTCPNK, eleven (11) OTCQB, and two (2) NYSE/NASDAQ company(s), several of which have long term service agreements in place with us."
Mr. Brett Roper, Chief Operating Officer commented, "At this time we are projecting revenues in the $1.3M range as related to Q4 of FY 2014 performance, noting that the quarter as well as our fiscal year end on May 31st, 2014. We expect revenues to grow to $4.0M for FY 2014, representing a projected 240% growth over revenues reported for FY 2013 of $1.6M while delivering profits in the $1.4M range for FY 2014 as opposed to losses of $1.1M related to FY 2013."
Mr. Wang added, "This performance represents earnings of approximately $0.16 per share, fully diluted for FY 2014 as compared with losses of $0.13 per share for FY 2013. These projected results more than double last year's top line while establishing a strong positive pretax earnings margin noting that the Company has a substantial NOL carry forward that should neutralize the tax impact for FY 2014."
ChineseInvestors.COM, Inc. (CIIX), founded in 1999 became a public company in early 2011 and endeavors to maintain its innovative stance by providing (a) real-time market commentary, analysis, and educational related services related to the various equity and globally positioned markets in Chinese language character sets (traditional and simplified), (b) delivery of support and back of the house related services to our various partners, (c) consultative services to smaller private companies considering their public company options, (d) advertising and public company related support services (IR Lite), and (e) other services we may identify having the potential to create value or partnership opportunity that blend efficiently with our existing skills and services. Our subscriber base (free and pay member) is primarily located in the US and Canada (95%) noting the services as described are generally delivered to US public and private companies as well as US residents and citizens.
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). 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, 10-Q, 8-K, 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 filing. 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 even in light of our recent profitability and growth of the business. Additional service offerings such as these 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.