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| 8-K - Investview, Inc. | v204399_8k.htm |
Exhibit
99.1 Press release dated December 2, 2010 announcing audited financial results
for the second fiscal quarter ended September 30, 2010.
Global
Investor Services, Inc. Announces September 2010 Quarter Business Results and
Business Milestones
New York,
NY, December 2, 2010 – Global Investor Services, Inc. (OTCBB:GISV) (“Global” or
the “Company”) announced its business results for this year’s second fiscal
quarter ending September 2010.
Revenue
for the September 2010 quarter was $423,524 versus $ 291,226 in the prior year,
an increase of 45% and a 27% sequential increase versus the June 2010 quarter
revenue of $333,306.
Year-to-date
revenue as of September 2010 was $757,130 versus $ 566,808 in the prior year, an
increase of 34 %.
The
growth in the Company’s revenue is largely attributable to increased marketing
investment in the U.S. market where the revenue is derived primarily from two
subscription-based channels: On-line investor education and data feed
services.
The
Company increased its marketing effort in the September 2010 quarter and
achieved more than 11,000 buyer leads, of which 4,950 attended on-line webinars.
In the September 2010 quarter, the Company continued to reduce its cost per lead
and converted webinar attendee leads into buyers at a rate of 18%.
The
Company’s business venture with Questrade has recorded key milestones. Global
launched the “Bull’s Eye” product for Questrade which was built on the Company’s
flagship product, the InvestView platform. Questrade issued a press release on
the launch of “Bull’s Eye” and the activation of their client portal “My
Questrade” which will capture client transactions. Questrade is
executing its marketing campaign to its client base and its prospective
qualified lead base where it has sent in excess of 11,000 e-mails to its clients
inviting them to attend a webinar on the full platform with a target of reaching
the full data base of clients.
The
Company’s sales and distribution venture with the Cougar Group in the Asia
Pacific Region is creating new business where first orders for InvestView
product licenses have been achieved in Korea, Vietnam, Indonesia and Japan.
Global has launched a new website, www.gisvonline.com,
which has both Korean and Japanese language versions for clients in those
countries and is currently translating the InvestView content in both languages
to be launched in coming weeks.
The
Company continues to build its business operations to achieve its growth
objective. Recently it converted short-term debt into equity or long-term debt.
In addition, the Company recently announced the engagement of a financial
advisor to address market capitalization matters.
Nick
Maturo, CEO of Global, was recently quoted:
We
believe that the Company’s on-line model, as evidenced by the September 2010
Quarter results, is scalable and we will continue to invest our resources in
online marketing campaigns in the U.S. to expand the number of leads.
Concurrently, both the Questrade and the Asia ventures are beginning to generate
positive results and we look forward to informing our investors of our progress
in the near future.
About
Global Investor Services, Inc.:
Global Investor Services provides and
delivers a comprehensive online program of investor education, offers
proprietary investor search tools and trading indicators, distributes weekly
newsletters and offers access to live weekly Trading Rooms through the Company’s
InvestView division. www.investview.com
Forward-Looking
Statements:
Certain
statements contained in this press release may constitute "forward-looking
statements". Forward-looking statements provide current expectations of
future events based on certain assumptions and include any statement that does
not directly relate to any historical or current fact. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors as disclosed in our filings with the Securities and
Exchange Commission located at their website (http://www.sec.gov).
In addition to these factors, actual future performance, outcomes, and
results may differ materially because of more general factors. The
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views could
change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company specifically
disclaims any obligation to do so. These forward-looking statements should
not be relied upon as representing the Company's views as of any date subsequent
to the date of the press release.
For
more information, please contact:
Global
Investor Services, Inc.
Bill
Kosoff, CFO, at (212) 227-2242
www.gisvonline.com