ValueSetters Announces Positive Operating Profit and Shareholder Conference Call
March 18 2019 - 10:34AM
InvestorsHub NewsWire
ValueSetters Announces Positive
Operating Profit and Shareholder Conference Call
VALUESETTERS:
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Coreen Kraysler, CFA
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CFO
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781-925-1700
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ckraysler@valuesetters.com
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Highlights:
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Operating profit of $17,548
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Net income of $12,391
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175% increase in revenues vs. 3Q18
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$44,144 increase in cash balance vs. 4/30/18
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Positive operating cash flow
BOSTON, MA -- March 18, 2019 -- InvestorsHub NewsWire --
ValueSetters, Inc. (OTC:VSTR)
announced positive operating earnings of $17,548 for the third
quarter of fiscal 2019 and net income of $12,391. “We were
pleased to report an operating profit this quarter, as a direct
result of the strong growth in our consulting business,” said
Cecilia Lenk, CEO. “Now that we have a proven track record in
marketing private capital offerings, demand for our services has
increased. In addition, we are receiving referrals from
existing clients, which is helping to drive strength in our
pipeline. As a result, we were able to grow sales by 175% vs. third
quarter of last year and by 77% sequentially. We remain
optimistic about our future growth prospects.”
We will be holding a conference call to review both our strategic
outlook and third quarter earnings on Wednesday, March 27th at 12
p.m. ET. To access the call, dial either 800-346-7359 or
973-528-0008 and provide code 698785 to the operator. The
name of the call is ValueSetters Earnings.
A slide presentation will be added to our website prior to the call
and will be available on the Investors page, under Events &
Presentations https://valuesetters.com/events-and-presentations.
For additional disclosure regarding operating results, please refer
to the Quarterly Report on Form 10-Q for the period ended January
31, 2019, 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.