ValueSetters Announces Third Quarter Increase in Revenues of 5,888%
March 19 2018 - 2:00PM
InvestorsHub NewsWire
ValueSetters
Announces Third Quarter Increase in Revenues of
5,888%
Highlights:
Increase in cash
balances of 528%
78% reduction in
interest expense, driven by previous debt restructure
Operating loss
reduction of 84%
Working capital
improvement of $1,852,76, since fiscal year-end
BOSTON,
MA -- March
19,
2018 -- InvestorsHub
NewsWire -- ValueSetters,
Inc. (OTC:VSTR)
reported revenues of $44,068 and a substantially reduced operating
loss of $22,049, for the third quarter of fiscal 2018. "We
demonstrated significant improvement in top line growth, as well as
a stronger balance sheet during the period," said Cecilia Lenk,
CEO. "We were pleased to see progress toward our goal of achieving
sustained profitability and are happy to report that ValueSetters'
fiscal fourth quarter is off to a solid start; with the acquisition
of a new contract on the last day of the quarter,
we
deferred revenue of $16,103. We have also
begun to see an uptick in the number of referrals from Netcapital,
a leading internet funding portal. In addition, we expect to
complete the expansion of our digital marketing platform by our
fiscal year-end in April, which will significantly increase the
scalability of our business. As a result, management remains
optimistic about future growth prospects."
For additional disclosure
regarding operating results, please refer to the Quarterly Report
on Form 10-Q for the period ended January 31, 2018, which has been
filed with the Securities and Exchange Commission.
About
ValueSetters:
Led by a team of
professional investors 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.
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