DENVER, April 15, 2014 /PRNewswire/ -- ChineseInvestors.COM (OTCQB 'CIIX') is pleased to announce a profitable third quarter, generating net profits of $857,700 on revenues of $1,365,552. In the nine months' performance ended February 28, 2014, revenues grew by 226% from $1,197,622 in FY 2013 to $2,710,540 in FY 2014 while expenses for that same period decreased by 15% from $2,008,594 in FY 2013 to $1,720,773 in FY 2014.
Mr. Warren Wang, Chairman and Chief Executive Officer commented, "Adding our third consecutive quarter of profitability to this year's our performance has been very gratifying as our stock price has continued to improve over the past several months. We anticipate posting continued positive results for the fourth quarter of FY 2014." Mr. Wang further noted, "Our Board of Directors will be considering payment of a dividend on common shares of stock based upon how our fourth quarter as well as year-end performance plays out."
Mr. Brett Roper, Chief Operating Officer noted, "We continue to experience strong growth in our revenues as we work to reduce our relative operating expense costs moving forward into our last quarter of FY 2014. We have posted year to date earnings covering nine months of operations of $0.25 per share in comparison to last year's losses to date of $0.17 per share and believe our stock should respond positively to this news." Mr. Roper continued, "We are working to synchronize the values of the stock we currently hold that was received as payment for services with our cash flow demands as such stock becomes eligible for free trading status and believe we can achieve a cash flow neutral position in the next few months which will ease those related pressures as we work to maintain healthy levels of profitability."
Please note that "CIIX' has a fiscal year starting on June 1 and ending on May 31.
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. As an example of these other services, the Company is currently working with Medicine Man Denver in the creation of a new intellectual property and industry experience based corporate entity that will provide licensing and consulting services within the emerging Cannabis sector here in the US (will not be specifically involved in the cultivation or selling of Cannabis). 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. For further information please contact us at [email protected] or visit our website at 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). 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 based upon many factors including but not limited to general stock market conditions. 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.
Contact: Brett Roper, [email protected]