|By PR Newswire||
|January 17, 2014 08:30 AM EST||
LOS ANGELES, Jan. 17, 2014 /PRNewswire/ -- ChineseInvestors.COM (OTCQB 'CIIX') was pleased with its second quarter results in generating an operating profit of $276,039 on revenues of $819,977; exceeding the projected performance as noted in their November 22, 2013 press release. In the first six months of fiscal year 2014, ended November 30, 2014, revenues related to our business services unit saw significant growth from $63,221 in fiscal year 2013 to $991,494 in fiscal year 2014. Overall operating expenses decreased by 25% in the first six months of operations from $1,379,906 in fiscal year 2013 to $1,034,433 in fiscal year 2014. Net operating losses in the first six months of fiscal year 2013 were <$494,196> as compared with profits of $309,555 in the first six months of fiscal year 2014.
Mr. Warren Wang, Chairman and Chief Executive Officer commented, "We are very pleased with this quarter's earnings posting of $0.03 per share in comparison to losses of <$0.11> per share last year as it related to our operations over the first two quarters of fiscal year 2013 and fiscal year 2014. Based upon the current conditions of the general marketplace and interest expressed in our services, we expect to continue to post positive results this year."
Mr. Brett Roper, Chief Operating Officer commented, "Several of our clients experienced substantial growth in both their share price as well as volume this past quarter and one of our long term OTCQB clients was just accepted to the NASDAQ Global Market Exchange. Based upon the clients in place and the interim sales of our subscription services, we expect both our revenues as well as profitability to be very stable as we wrap up the third quarter of this fiscal year and hope that our stock will respond positively to these substantially improved financial performance metrics."
Please note that "CIIX' has a fiscal year starting on June 1 and ending on May 31.
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 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]