Last10K.com

Chineseinvestors.Com, Inc. (CIIX) SEC Filing 10-K Annual report for the fiscal year ending Friday, May 31, 2019

Chineseinvestors.Com, Inc.

CIK: 1459482 Ticker: CIIX

Exhibit 99.1

 

ChineseInvestors.com, Inc. Announces Record Revenues for Q3 Fiscal Year 2019

 

Company Reports 81% Year-Over-Year Increase Driven by Continued Demand for its Industrial Hemp/CBD Consumer Product Lines

 

SAN GABRIEL, Calif., April 16, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - ChineseInvestors.com, Inc. (OTCQB:CIIX) (“CIIX” or “the Company”), an established financial news and investment portal, and a leading industrial hemp retailer for the Chinese-speaking community, today announced its financial and operational summary for the Third Quarter of its Fiscal Year 2019.

 

Q3 Fiscal Year 2019 Financial Highlights

 

·Total revenue for Q3FY2019 was $1,444,822, an 81% increase from $796,304 for the same quarter in the prior year
·Hemp and CBD sales revenues for Q3FY2019 were $1,061,318, a 579% increase from $183,185 for the same quarter in the prior year
·Subscription revenues were $229,220, a 6% increase from $214,506 for the same quarter in the prior year
·During the quarter, Chineseinvestors.com announced the rebranding of its consumer product line, now the opt brand, and the consolidation of its e-commerce sites to provide a one-stop shopping experience at www.365CWC.com
·In January of 2019, the Company officially launched its first self-branded rice wine alcohol product, Hemp Wine

 

“This has been an extremely eventful quarter for us, demonstrated by the successful product launches and initiatives that we have taken to consolidate branding and provide ease and accessibility for our consumers,” said Mr. Warren Wang, ChineseInvestors.com, Inc. CEO. “Our financial performance and highlights for the quarter are a testament to the popularity and demand for our CBD and hemp products. As a result, we continue to make significant progress in our business through our investments intended to grow the platform for our consumer product lines. Leading the sales for CBD and hemp products, the Company’s wholly owned foreign entity, CBD Biotechnology Co. Ltd. (“CBD Biotech”), was recently a featured exhibitor at the Vietnam Expo, and introduced our self-branded hemp-infused skincare line and hemp wine, which resulted in an overwhelming reception when our exhibitor inventory sold out within the hour. We have successfully become a key player in the Chinese markets, which is why we are confident the year ahead will be fruitful as we continue expanding our brand recognition for our industrial hemp products beyond China and throughout southeast Asia with the help of our recently appointed CBD Biotech CFO, Alex Hamilton.”

 

For the first nine months and quarter ended February 28, 2019, cash and cash equivalents for the Company were $2,287,965 and total current assets were $4,487,886. As of February 28, 2019, there were 43,332,692 shares outstanding.

 

The Company's complete financial and operational results for its third quarter ended February 28, 2018 is provided in its Form 10Q for Q3 FY2019, filed with the SEC on April 15, 2019, available online at http://www.ChineseInvestors.com.

 

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products.

 

For more information, visit www.ChineseInvestors.com.

 

Subscribe and watch our video commentaries: https://www.youtube.com/user/Chinesefncom Follow us on Twitter for real-time Company updates: https://twitter.com/ChineseFNEnglsh Like us on Facebook to receive live feeds: https://www.facebook.com/Chinesefncom; https://www.facebook.com/Chineseinvestors.com.english

 

Add us on WeChat: Chinesefn or download iPhone iOS App: Chinesefn

 

Forward-looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; and (v) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

 

Contact:

ChineseInvestors.com

227 W. Valley Blvd., #208 A

San Gabriel, CA 91776

 

Investor Relations:

Alan Klitenic

+1-214-636-2548

PR@chinesefn.com

 

Corporate Communications:

NetworkWire (NNW)

New York, New York

www.NetworkNewsWire.com

+1-212-418-1217 Office

Editor@NetworkWire.com


The following information was filed by Chineseinvestors.Com, Inc. (CIIX) on Wednesday, April 17, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Chineseinvestors.Com, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Chineseinvestors.Com, Inc..

Continue

Assess how Chineseinvestors.Com, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Chineseinvestors.Com, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations And Comprehensive Income (Loss)
Consolidated Statements Of Stockholders' Equity (Deficit)
1. Organization And Nature Of Operations
1. Organization And Nature Of Operations (Details Narrative)
10. Related Party (Details Narrative)
10. Related Party Transactions
11. Commitments And Concentrations
11. Commitments And Concentrations (Details Narrative)
11. Commitments And Concentrations (Details)
11. Commitments And Concentrations (Tables)
12. Income Taxes
12. Income Taxes (Details Narrative)
12. Income Taxes (Details)
12. Income Taxes (Tables)
13. Earnings (Loss) Per Share
13. Earnings (Loss) Per Share (Details Narrative)
13. Earnings (Loss) Per Share (Details)
13. Earnings (Loss) Per Share (Tables)
14. Subsequent Events
2. Critical Accounting Policies And Estimates
2. Critical Accounting Policies And Estimates (Details - Deferred Revenue)
2. Critical Accounting Policies And Estimates (Details - Exchange Rates)
2. Critical Accounting Policies And Estimates (Details - Fair Value)
2. Critical Accounting Policies And Estimates (Details - Other Revenue)
2. Critical Accounting Policies And Estimates (Details - Useful Lives Of Property And Equipment)
2. Critical Accounting Policies And Estimates (Details Narrative)
2. Critical Accounting Policies And Estimates (Policies)
2. Critical Accounting Policies And Estimates (Tables)
3. Other Current Assets
3. Other Current Assets (Details - Other Current Assets)
3. Other Current Assets (Details)
3. Other Current Assets (Tables)
4. Long-Term Investments
4. Long-Term Investments (Details Narrative)
5. Property And Equipment (Details - Property And Equipment)
5. Property And Equipment (Details Narrative)
5. Property And Equipment, Net
5. Property And Equipment, Net (Tables)
6. Website Development (Details Narrative)
6. Website Development (Details)
6. Website Development, Net
6. Website Development, Net (Tables)
7. Short-Term Notes
7. Short-Term Notes (Details - Short Term Notes)
7. Short-Term Notes (Details Narrative)
7. Short-Term Notes (Tables)
8. Other Current Liabilities
8. Other Current Liabilities (Details Narrative)
8. Other Current Liabilities (Details)
8. Other Current Liabilities (Tables)
9. Stockholders Equity (Details Narrative)
9. Stockholders' Equity

Material Contracts, Statements, Certifications & more

Chineseinvestors.Com, Inc. provided additional information to their SEC Filing as exhibits

Ticker: CIIX
CIK: 1459482
Form Type: 10-K Annual Report
Accession Number: 0001683168-19-002785
Submitted to the SEC: Thu Aug 29 2019 4:35:37 PM EST
Accepted by the SEC: Thu Aug 29 2019
Period: Friday, May 31, 2019
Industry: Educational Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ciix/0001683168-19-002785.htm