VANCOUVER, May 30, 2018 /CNW/ - Fireswirl Technologies
Inc. (TSXV: FSW), "the Company", today announced its financial
results for the first quarter ended March
31, 2018. All figures are quoted in Canadian dollars.
Financial statements and accompanying MD&A are available on
SEDAR.
Financial Highlights for Q1:
- For the three months ended March 31,
2018 ("Q1 2018"), total operating revenue was $130,761 compared to $16,018 for the same period in 2017 ("Q1
2017").
Net loss for the period decreased $139,197 to $211,288 in Q1 2018 compared to $350,485 for the same period in 2017.
- The Company had a total loss attributable to shareholders of
the Company of $208,941 in Q1 2018
compared to a net loss of $328,137
for the same period in 2017. The decrease of loss is mainly because
the reduction of general administrative expenses.
"The management team continues to carry out our current strategy
in working closely with AMZON to increase shareholder value" Stated
Henry Au, CEO, "Additionally, we are working hard to close the
final round of private placement subscriptions to enhance our
ability to grow our business platform."
About Fireswirl
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.
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.