VANCOUVER, Nov. 28, 2017 /CNW/ - Fireswirl Technologies
Inc. (TSXV: FSW), "the Company",
today announced its financial results for the third quarter ended
September 30, 2017. All figures
are quoted in Canadian dollars. Financial statements and
accompanying MD&A are available on SEDAR.
Financial Highlights for Q3:
- For the three months ended September 30,
2017 ("Q3 2017"), total operating income was $143,194 compared to $16,043 for the same period in 2016 ("Q3
2016").
- Net loss from continuing operations was $330,830 in Q3 2017 compared to $318,662 for the same period in 2016.
- Net loss was $330,830 in Q3 2017
compared to $295,887 for the same
period in 2016.
- The Company had a total net loss attributable to common
shareholders of the Company of $292,178 compared to $307,275 for the same period in 2016.
"The management team is continuing to expand its customer base
in Asia and North America," Stated Henry Au, CEO, "We are
pleased with the acquisition of AMZON and will continue to
strengthen our competitive advantages."
About Fireswirl and AMZON
Fireswirl Technologies Inc. (TSXV: FSW) is focused on creating
transactional revenue by engineering electronic and mobile commerce
solutions for content providers. The Company's technology has broad
applications for solutions requiring multiple payment interfaces,
multicurrency and multi-language capabilities. Our solutions can be
adapted to any industry seeking high volume or micro-payment
solutions involving a wide base of users through internet or
wireless applications.
AMZON is one of the leading multimedia solution providers in
Hong Kong. With its strong technological base, we have
established long term business relationships with multi-billion
enterprises such as Mass Transit Railway Corporation ("MTRC"), New
World Development Company Limited ("New World Group") and China
Overseas Holding Ltd. ("COHL"). AMZON has been deploying
creative multimedia solutions for clients in sales & marketing
as well as corporate and brand communication.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Fireswirl
Technologies Inc. with respect to its performance, business and
future events. Investors are cautioned that all forward-looking
statements involve risks and uncertainties including, without
limitation, those relating to changes in the market, potential
downturns in economic conditions, foreign exchange fluctuations,
general demand, competition and our ability to implement our
business plans and strategies in a timely manner or at all. These
risks, as well as others, could cause actual results and events to
vary significantly. Fireswirl Technologies Inc. does not undertake
any obligations to release publicly any revisions for updating any
voluntary forward-looking statements.
SOURCE Fireswirl Technologies Inc.