ACT360 Solutions Ltd.
TSX VENTURE : AKM

ACT360 Solutions Ltd.

June 01, 2015 15:00 ET

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

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 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 March 31, 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 made significant progress executing its business plan to expand and diversify into high-growth vertical markets beyond its legacy education business. The expanded management team continued to invest in organic growth initiatives in new markets, as well as corporate development activities with industry partners for a strategic acquisition."

Business summary for the quarter ended March 31, 2015:

  • The Company announced that it had signed a licensing agreement with iLeads.com LLC ("iLeads") of Newport Beach, California to operate and monetize its consumer website www.neighborhoodiq.com. The objective is to find, qualify, and deliver highly engaged customers for providers of goods and services to U.S. homeowners. The iLeads technology adds real estate, mortgage, home improvement, and alternative energy industry verticals to the Company's portfolio of online customer acquisition businesses.

  • The formation of a wholly owned subsidiary incorporated in British Columbia to facilitate the Company's growth-by-acquisition strategy. The business unit was formed to engage capital partners in Asia, identify online customer acquisition entities with strategic synergies, analyze their business operations, and execute transactions through to closing.
Three Months Ended
March 31, 2015
Three Months Ended
March 31, 2014
Sales $245,626 $300,043
Net Income (Loss) ($132,656) ($26,800)
Earnings (Loss) per share ($0.00) ($0.00)

The unaudited consolidated financial statements and Management Discussion and Analysis for the quarter ended March 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
    (604) 638-1553, ext. 1
    www.act360.com