ACT360 Solutions Ltd.
TSX VENTURE : AKM

ACT360 Solutions Ltd.

February 27, 2015 17:00 ET

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
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.

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.

Contact Information

  • ACT360 Solutions Ltd.
    Vincent Wong
    President
    (604) 638 1553, ext. 1
    www.act360.com