ValueSetters Announces Positive Operating Cash Flow for First Half of Fiscal 2019
December 17 2018 - 3:30PM
InvestorsHub NewsWire
ValueSetters Announces Positive Operating
Cash Flow for First Half of Fiscal 2019
Highlights:
- Positive operating cash flow of $8,890
- 517% increase in revenues
- Operating loss reduction of 84%
- 83% reduction in interest expense
- Total debt reduction of $11,316
BOSTON, MA
-- December 17, 2018 -- InvestorsHub newsWire
-- ValueSetters, Inc. (OTC:VSTR)
announced positive operating cash flow of $8,890 for the first half
of fiscal 2019. “We were pleased to report positive operating
cash flow again this quarter, as a direct result of the growth in
our consulting business,” said Cecilia Lenk, CEO. “In
addition, we were able to significantly reduce operating losses and
continued to make progress on deleveraging our balance sheet.
Revenue growth was significant, up more than 500% in the
first half, and we are seeing a pickup in the number of business
referrals from existing clients. Our demonstrated success in
fundraising for clients through digital marketing has attracted
significant interest and is driving an increase in our pipeline. As
a result, we remain optimistic about our future growth
prospects.”
For additional disclosure regarding operating results, please refer
to the Quarterly Report on Form 10-Q for the period ended October
31, 2018, which has been filed with the Securities and Exchange
Commission.
About ValueSetters:
Led by a team of professional investors, digital marketing experts,
and technology specialists, ValueSetters is a publicly- traded
boutique advisory firm with unique expertise in helping early stage
companies raise capital over the internet. The company also
provides technology consulting services as well as strategic advice
to help companies grow and evolve to meet the challenges of today's
marketplace. For more information, visit our website at
http://valuesetters.com.
The information contained herein
includes forward-looking statements. These statements relate to
future events or to our future financial performance, and involve
known and unknown risks, uncertainties and other factors that may
cause our actual results to be materially different from any future
results, levels of activity, performance or achievements expressed
or implied by these forward-looking statements. You should not
place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors
which are, in some cases, beyond our control and which could, and
likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
our current views with respect to future events and is subject to
these and other risks, uncertainties and assumptions relating to
our operations, results of operations, growth strategy and
liquidity. We assume no obligation to publicly update or revise
these forward-looking statements for any reason, or to update the
reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the
future.
Contact:
VALUESETTERS:
Coreen
Kraysler, CFA & CFO
781-925-1700
ckraysler@valuesetters.com