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EXHIBIT 99.1
$TDCH, 30DC Announces Fiscal 2014 Fourth Quarter and Full Year Results
Business Model Shifting Towards Internally Developed Digital
and eCommerce related Products and Services
Full Year Fiscal 2014 Products and Services Revenue Increased 186%
vs
Same Period in Fiscal 2013
MagCast Related Revenue Increased 161% in Fiscal Year 2014
Market ProMax and Ultimate Product System Sales
Increased 726% in Fiscal Year 2014
New York, NY, October 15, 2014, 30DC, Inc. (OTCQB: TDCH), a provider of
web-based tools for the monetization of digital content, today announced that
during its fiscal fourth quarter and full fiscal year periods ended June 30,
2014, the Company, recognized revenues of $379,394 and $2,795,633 respectively
from continuing operations compared to $408,963 and $1,467,817 during the fourth
quarter and fiscal full year periods ended June 30, 2013. Revenues from
continuing operations were from the following sources during the fiscal fourth
quarter ended June 30, 2014 compared to June 30, 2013
Three Months Three Months
Ended Ended Increase or
June 30, 2014 June 30, 2013 (Decrease)
----------------- ----------------- ------------------
Revenue
Commissions $ 21,312 $ 58,574 $ (37,262)
Subscription Revenue 25,794 1,451 24,343
Products and Services 332,288 321,438 10,850
Seminars and Mentoring - 27,500 (27,500)
----------------- ----------------- ------------------
Total Revenues $ 379,394 $ 408,963 $ (29,569)
----------------- ----------------- ------------------
Full Year Ended Full Year Ended Increase or
June 30, 2014 June 30, 2013 (Decrease)
----------------- ----------------- ------------------
Revenue
Commissions $ 79,594 $ 251,106 $ (171,152)
Subscription Revenue 25,794 16,121 9,673
Products and Services 2,689,885 940,506 1,749,379
Seminars and Mentoring - 260,084 (260,084)
----------------- ----------------- ------------------
Total Revenues $ 2,795,633 $ 1,467,817 $ 1,327,816
----------------- ----------------- ------------------
For the fiscal year ending June 30, 2014 revenues from continuing operations
increased 90.46%. The $1,327,816 increase in products and services revenue was
primarily due to the timing of the re-launch promotion of the MagCast Publishing
Platform in August 2013 which had sales exceeding $1.5 million. The prior
MagCast launch was in June 2012 just before the start of the year ended June 30,
2013 and there was no launch in that year.
For the fourth quarter ending June 30, 2014 revenues from continuing operations
decreased by 7.23% which was due to a decrease in affiliate commissions earned
from third parties and seminars and mentoring income both of which reflect the
Company's focusing and developing and marketing 30DC's own products and
services.
According to Ted Greenberg, 30DC's CFO, the financials results validates the
company's decision to focus on internally developed products and services in
which the company sees significant potential future growth opportunities. Over
the last two years the company has migrated from earning commissions from third
party products to the development digital and eCommerce related products and
services that the company sees as potential scalable business opportunities.
MagCast was launched in May 2012 and initially marketed to existing 30DC
customers who wanted to market to the growing base of Apple i-Pad users. MagCast
Version 4 released in June 2013 included a version designed to be read on
iPhones which increased the potential audience for our potential customers to
reach from 150 million to 650 million potential customers. MagCast version 6
released in July 2014 enables customers to publish on Google Play where their
digital magazine is available to users of Android Devices. Combined revenue for
MagCast related products and services was $2,340,271 for the fiscal year ended
June 30, 2014 compared to $894,955 in the same period in the prior fiscal year
an increase of 161%.
MagCast was initially sold to the Company's historical and existing customer
base, Internet marketers. Though 30DC will continue to pursue this market, the
company sees larger opportunities in expanding MagCast's reach to broader
markets, including small content publishers who are mainly interested in
content, corporations (primarily small to medium size) who want to publish
communications such as annual reports, brochures and catalogues, and corporate
resellers through its MagCast Certified Professionals (MCP) program.
During the fiscal fourth quarter the Company began to see a significant revenue
ramp up for Market ProMax the Company's second major platform, as a result of
the development of the Ultimate Product System a training program used in
conjunction with the Market ProMax platform. Combined revenue for Market ProMax
and Ultimate Product System was $259,507 for the year ended June 30, 2014
compared to $31,404 in the prior fiscal year an increase of 726%. The company
hopes to further expand on its growth strategy in the near future.
Operating Expenses from continuing operations were $449,959 and $2,843,828
respectively, for the three months and year ended June 30, 2014, compared to
$504,443 and $2,036,404 for the same periods in the prior fiscal year.
Net loss was $(53,358) or $(.00) per share, and net income $58,918, or $.00 per
share, for the fourth quarter and fiscal year ended June 30, 2014, compared to a
loss of $(35,310), or $(.00) per share, and a loss of $(407,642) or $(.00) per
share, for the same periods of fiscal 2013. The increase in net income during
fiscal 2014 compared to the same period in the prior fiscal year was primarily
due to the effect of increased sales of the MagCast Publishing Platform.
30DC ended fiscal year 2014 with $102,684 of cash and $716,127 of shareholders'
equity. The Company currently has 76,853,464 common shares outstanding which
reflects the redemption of 10,560,000 shares during the year as part of the
divestiture of the Immediate Edge business. Operating results for the Immediate
Edge for all periods reported in the June 2014 10K have been reclassified to
discontinued operations and are not included in the above numbers for continuing
operations.
About 30DC, Inc.
30DC provides web-based tools for the monetization of digital content. For
addition information on 30DC, please download a corporate fact sheet:
http://30dcinc.com/investors/news.
30DC Investor Relations Magazine
30DC Investor Relations Magazine is a free publication available in the Google
Play Store and on Apple Newsstand by subscription only. The latest issue can be
downloaded now via the following links:
Google:
https://play.google.com/store/apps/details?id=com.bdidfeidjj.ibbbdidfeidjj
Apple Newsstand:
https://itunes.apple.com/us/app/30dcir-mag/id737655178?mt=8
This press release contains "forward-looking statements" within the meaning of
various provisions of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, commonly identified by such terms as "believes,"
"looking ahead," "anticipates," "estimates" and other terms with similar
meaning. Specifically, statements about the Company's plans for accelerated
growth, improved profitability, future business partners, M&A activity, new
service offerings and pursuit of new markets are forward looking statements.
Although the company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can give no assurance
that these assumptions will prove to be correct. Such forward-looking statements
should not be construed as fact. The information contained in such statements is
beyond the ability of the Company to control, and in many cases the Company
cannot predict what factors would cause results to differ materially from those
indicated in such statements. All forward-looking statements in the press
release are expressly qualified by these cautionary statements and by reference
to the underlying assumptions.
For additional information:
Greg Laborde. 30DC, Inc.
Phone: 212-962-4400 Ext 82
E-mail: greg.laborde@30dcinc.com or
visit http://www.30dcinc.com
Source: 30DC, Inc.
