ACT360 Solutions Announces Financial Results for Quarter Ended December 31, 2014
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2015) - ACT360 Solutions Ltd. (TSX VENTURE:AKM) (the "Company" or "ACT360 Solutions"), a global provider of Online Customer Acquisition software and services, announced its unaudited financial results for the quarter ended December 31, 2014. Results are in Canadian dollars and were prepared in accordance with International Financial Reporting Standards.
According to Vincent Wong, CEO of ACT360 Solutions, "During the first quarter, the Company continued to build the foundation for expansion and diversification into high-growth vertical markets beyond our existing education business. We successfully recruited new members to the management team with exceptional experience in growing and managing online customer acquisition businesses."
Business summary for the quarter ended December 31, 2014:
- The appointment of Mr. Hakan Lindskog to the Company's Corporate Advisory Board. Mr. Lindskog is a digital marketing, ecommerce and media executive with 25 years of senior management
and P&L experience. Mr. Lindskog's primary focus will be to assist management in identifying partnership opportunities and evaluating international acquisition candidates as part of the
Company's growth-by-acquisition strategy.
- The appointment of Mr. Charles Jenkins as the Company's Chief Financial Officer to oversee corporate finance, accounting, and compliance.
- The signing of a Letter of Intent with iLeads.com LLC to form a joint venture pursuing online customer acquisition business opportunities in the real estate, mortgage, home
improvement, and alternative energy vertical markets.
- The formation of ACT360 Solutions USA Inc., a wholly owned subsidiary incorporated in Delaware, to facilitate the Company's planned expansion into the United States.
Three Months Ended December 31, 2014 |
Three Months Ended December 31, 2013 |
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Sales | $ | 268,545 | $ | 298,472 | ||
Net Income (Loss) | $ | (96,877 | ) | $ | (24,598 | ) |
Earnings (Loss) per share | $ | (0.00 | ) | $ | (0.00 | ) |
The unaudited consolidated financial statements and Management Discussion and Analysis for the quarter ended December 31, 2014 are available at www.sedar.com.