VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 31, 2015) - ACT360 Solutions Ltd. (the "Company" or "ACT360 Solutions") (TSX VENTURE:AKM), a global provider of Online Customer Acquisition software and services, announced its unaudited financial results for the quarter ended June 30, 2015. Results are in Canadian dollars and were prepared in accordance with International Financial Reporting Standards.
According to Vincent Wong, CEO of ACT360 Solutions, "The Company continued to invest in corporate development activities and engage with Asian partners for various potential transactions in the online customer acquisition industry. Our efforts were validated by the July 17, 2015 execution of the Memorandum of Understanding ('MOU') with Shanghai Shenhua Holdings Co., Ltd., Shanghai Sailing Weidu Capital Management Co., Ltd., and ECS Engineering Consulting Services Co., Ltd., (collectively 'China Partners')."
Under the terms of the MOU, the Company's wholly-owned special situation investment division Newport Concept Corporation ("Newport") and China Partners will jointly invest in digital media growth opportunities including acquisitions, joint ventures, and technology licensing. Newport's role is to identify synergistic investment opportunities, conduct preliminary due diligence, manage transactions through to closing, co-invest and oversee the operations of portfolio companies outside of China.
| |
|
Three Months Ended
June 30, 2015 |
|
|
Three Months Ended
June 30, 2014 |
|
| Sales |
|
$298,166 |
|
|
$238,683 |
|
| Net Income (Loss) |
|
($207,847 |
) |
|
($82,355 |
) |
| Earnings (Loss) per share |
|
($0.00 |
) |
|
($0.00 |
) |
The unaudited consolidated financial statements and Management Discussion and Analysis for the quarter ended June 30, 2015 are available at www.sedar.com.
About ACT360 Solutions Ltd.
ACT360 Solutions is a global provider of Online Customer Acquisition software and services. We acquire, manage, and build Online Customer Acquisition businesses that address the specific client acquisition needs of our customers in particular vertical markets.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives of ACT360 Solutions Ltd. - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including the effects of anticipated product, service, and distribution changes and the potential benefits of such efforts and activities on the Company's results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.