ACT360 Solutions Ltd.
TSX VENTURE : AKM

ACT360 Solutions Ltd.

February 29, 2016 19:00 ET

ACT360 Solutions Announces Financial Results for Quarter Ended December 31, 2015

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 29, 2016) - 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 December 31, 2015. Results are in Canadian dollars and were prepared in accordance with International Financial Reporting Standards.

Business summary for the quarter ended December 31, 2015:

  • Organic revenue growth of 64% compared to the prior year quarter primarily the result of increased sales to higher education clients;

  • Selling expenses of $198,576 consistent with the increase in sales revenues due to marketing and transaction costs related to the Company's higher education clients.

  • Corporate development expenses of $50,700 as the Company continued to invest in M&A activities to achieve long term growth objectives.

Three Months Ended
December 31, 2015
Three Months Ended
December 31, 2014
Sales $ 439,851 $ 268,545
Net Income (Loss) $ (92,156) $ (96,877)
Earnings (Loss) per share $ (0.00) $ (0.00)

The unaudited consolidated financial statements and Management Discussion and Analysis for the quarter ended December 31, 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.

Contact Information

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