RED BANK, NJ--(Marketwired - Feb 20, 2015) - Investview, Inc. (
The Company reported a 60% sequential increase in net revenues to $167,000 for the third quarter of fiscal 2015, compared to $98,000 in the second quarter of fiscal 2015. This is largely due to an increase in sales from new marketing initiatives. Net loss reported for the third quarter of fiscal 2015 increased to $1.5 million from $0.8 million for the same period last year.
The Company's total asset base increased by over $5.0 million to $5.6 million as of December 31, 2014, as compared to $0.3 million as of March 31, 2014. This substantial increase in total assets is primarily due to the acquisitions that occurred over the past six months. In addition, the Company reported a decrease in current liabilities by nearly 50% to $2.6 million, as compared to $5.4 million as of March 31, 2014.
"I am pleased by the improving financial condition of the company over the past quarter. The transition of the company to a full service diversified financial services organization has put us on a path filled with growth opportunities. I look forward to the continued momentum we are witnessing across all of our businesses," commented Dr. Joseph Louro, Chief Executive Officer of Investview.
Additional financial details pertaining to the quarter and nine months ending can be found in the 10-Q filed by the company with the SEC.
About Investview, Inc.
Investview, Inc. is a New Jersey-based diversified financial services organization. The Company operates primarily through its wholly- and majority-owned subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions. Investview's legacy business provides investor education products. SAFE Management, LLC ("SAFE"), wholly-owned subsidiary, is a Registered Investment Advisor ("RIA") that provides clients with unique investment products and advisory services that are created by an in-house team of experienced financial professionals with state-of-the-art analytical tools. Majority-owned subsidiary, VickreyBrown Investments, LLC ("VickreyBrown"), specializes in investment strategies that combine quantitative analysis, forensic accounting and volatility controls. The Company acquired the assets of GATE Global Impact ("GGI"), which includes the GATEWAY electronic marketplace for impact investing. GGI is an investment philosophy that seeks to place capital in businesses that generate financial returns from organizations committed to societal, sustainable, and environmental pursuits. For more information, please visit: www.investview.com.
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.