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LOS ANGELES, Feb. 18, 2014 /PRNewswire/ -- Moving forward into its third quarter (FY 2014), ChineseInvestors.COM (OTCQB Symbol 'CIIX') anticipates generating a solid increase in both the revenue as well as pretax earnings categories.
Mr. Warren Wang, Chairman and Chief Executive Officer commented, "We are very excited to see our third quarter performance shaping up so nicely. We expect to substantially lower our lease space as well as interest expenditures while maintaining solid growth in all of our revenue categories. Our service provider relationships are fueling our top line very nicely and as of the date of this press release our active service provider client list includes two (2) OTCPNK, eleven (11) OTCQB/X, and two (2) NYSE/NASDAQ companies; several of which have long term service agreements in place."
Mr. Brett Roper, Chief Operating Officer commented, "At this time we are projecting pretax earnings in the $500,000 range on revenues in the $1,100,000 range as related to Q3 of FY 2014 performance, noting that the quarter ends on February 28th of 2014. These values represent strong continued growth for the company and we are very excited by the recent announcement of our new venture with Medicine Man of Colorado in providing Cannabis related technology licensure. We continue to work in providing various levels of support for 'private to public' as well as 'up listing' based company initiatives. One of our long term OTCQB clients was just approved in January for elevation to the NASDAQ Global Markets Exchange."
Mr. Wang stated, "This pretax earnings forecast would place us at $0.06 per share in earnings based upon a fully diluted shareholder base and comfortably on target for doubling last year's top line while establishing a strong positive pretax earnings margin in comparison to last year's pretax losses (FY 2013) of just over $1.1M."
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. 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.
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