ChineseInvestors.com, Inc. (OTCQB: CIIX), developer of a proprietary financial news media and content platform providing information to the global Chinese-speaking community, this morning released an operational and financial summary for the first quarter of fiscal 2019. Highlights of the company’s report for 1Q2019 include year-over-year increases of 70 percent to total revenue and 800 percent to product sales, respectively. In addition, CIIX’s cash and cash equivalents reflected a more than 100 percent quarter-over-quarter increase from $1.4 million to $3.0 million. Discussing the company in the news release, CEO Warren Wang stated, “CBD hemp sales in China continue to be the foundation of our focus. Our subscription services will continue to provide a steady revenue stream along with the new educational services covering the cryptocurrency market.”
To view the press release, visit http://nnw.fm/3e5R3
Founded in 1999, Chineseinvestors.com has developed a proprietary financial news media and content platform providing information to the global Chinese-speaking community, in China, the United States, Canada and around the world. This platform provides access to the estimated 20 percent of the global population that speaks Mandarin, the largest language group in the world. The Company is leveraging this platform and expanding its offerings to include additional products and services. The Company has launched, through its wholly owned subsidiaries CBD Biotechnology Co. LTD. and ChineseHempOil.com, Inc., the websites ChineseHempOil.com and uscbd.net, to generate online sales of the Company’s industrial hemp-derived CBD products in both the US and China. These assets make ChineseInvestors.com, Inc. the world’s first U.S. publicly traded company promoting hemp-derived CBD products for the Chinese community. Chineseinvestors.com has headquarters in San Gabriel, California with primary offices and facilities in New York and Shanghai, China. For more information, visit the company’s website at www.ChineseInvestors.com
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com