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8-K - CURRENT REPORT - Investview, Inc. | invu_8k.htm |
EXHIBIT 99.01
The Power of Being Public
Investview
Reports Full Year Fiscal 2018 Audited Financials
Salt Lake City, July 2nd,
2018 – Investview Corporation (OTCQB: INVU) released its full
year Fiscal 2018 audited financials on Friday June
29th,
2018.
Investview acquired its wholly owned subsidiary Wealth Generators
LLC renamed to Kuvera LLC on April 1st,
2017 and immediately went to work transitioning management,
adjusting policies for public reporting and assessing the highest
priorities for the Company as a public entity. The Company’s
10K for period ending March 31st,
2018 was released on Friday demonstrating the benefits that can be
derived from a public entity.
Financial Highlights for Period 4/1/2017 – 3/31/2018 over
Fiscal 2017 include:
●
Gross
Billings Increased 62% or $9.1M from $14.6M to $23.6M
●
Net
Revenue Increased 39% or $5M from $12.9M to $17.9M
●
Substantial
Increase in Cash Position from $1.6K to $1.5M
●
Substantial
Decrease in Debt from $2.1M to $195K
●
Returns
and chargebacks decreased approximately 50% from $1.7M to
$859K
●
Substantial Increase in Net Loss from $2.4M to
$14.9M however only $1M was cash related
Additionally, the Company achieved its first quarter of positive
cash flow from operations of $1.3M in the fourth quarter
of fiscal 2018.
“As soon as Investview
completed the acquisition we immediately installed our executive
management team, created a plan to reduce our overall debt,
arranged for institutional financing, expanded our product line
while initiating a full re-branding of our main subsidiary to
Kuvera. It was an enormous effort that made a direct impact on our
results.” said Mario
Romano, Director of Finance.
The Company is continuing to expand internationally and make
strategic investments that are tied to revenue generation while
carefully managing expenditures.
William Kosoff, Chief Financial Officer added, “Our highest
priority for Fiscal 2019 is achieving profitability. We have
established the right foundation and resources to support
anticipated growth. Operating as a public company is a challenge,
but it enabled growth while reducing debt – a combination not
easily achieved.”
Investview
full 10-K can be found by visiting the following edgar link:
https://www.sec.gov/Archives/edgar/data/862651/000165495418007172/0001654954-18-007172-index.htm
About Investview, Inc.
Investview,
Inc. is a diversified financial technology organization. The
Company operates primarily through its wholly- and majority-owned
subsidiaries, to provide financial products and services to
individuals, accredited investors and select financial
institutions. www.investview.com
About Kuvera LLC
Kuvera
LLC provides affordable access to valuable financial education,
current market research and cutting-edge technology that enables
individuals to increase and cultivate their own financial
resources, enjoy life and plan for the future.
Kuvera
products are distributed through a direct sales model. Product
services are offered to individuals on a monthly subscription
basis. Kuvera is classified as a publisher of financial research
and information and exempt from securities registration. This is an
exemption provided in the U.S. Securities Investment Advisers Act
of 1940.
Kuvera
is not a brokerage firm or Registered Investment Advisor. We do not
execute trades or take possession of clients’ brokerage
accounts. Our customers may cancel their subscription at any time
and execute trades at their own discretion.
www.kuveraglobal.com
Forward-Looking Statements
Certain
statements in this press release may constitute
“forward-looking statements”. When the words
“believes,” “expects,” “plans,”
“projects,” “estimates,” and similar
expressions are used, they identify forward-looking statements.
These forward-looking statements are based on Management’s
current beliefs and assumptions and information currently available
to Management and involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by
these forward-looking statements. Information concerning factors
that could cause our actual results to differ materially from these
forward-looking statements can be found in our periodic reports
filed with the Securities and Exchange Commission. We undertake no
obligation to publicly release revisions to these forward-looking
statements to reflect future events or circumstances or reflect the
occurrence of unanticipated events.
Investor Contacts:
vision@kuveraglobal.com