SALT LAKE CITY, UT--(Marketwired - Aug 29, 2017) - Investview Corporation (
Prior to the acquisition of Wealth Generators Investview reported net revenue of $131,465 and $353,926 in their statement of operations for the years ended March 31, 2017 and 2016, respectively. In those same periods, Wealth Generators reported net revenue of $12,872,947 and $5,557,461.
Furthermore, while Investview reported $153,550 and $9,490 in current assets as of March 31, 2017 and 2016, Wealth Generators reported current assets of $456,225 and $382,254 as of those same dates.
Additionally, in the 10Q INVU (post acquisition) the Company reported current assets of $572,953 as of June 30, 2017 and reported net revenues for the 3 months ended June 30, 2017 of $2,977,802. The current period net revenues are up slightly from the 3 months ended June 30, 2016 net revenues of $2,718,609.
Annette Raynor, COO stated, "While we are still in the initial stages of establishing our post-acquisition operations, we believe this acquisition represents positive news for former shareholders and the ability for individuals who love our products to join us in our journey. We still have a way to go to reaching profitability, however the current public company structure and our continued growth in sales provides a future that is looking very bright."
About Wealth Generators
Wealth Generators provides financial technology, education, and research to individuals to enable them to "Find, Grow, and Keep" their money. We are best described as a financial fitness company providing our customers the tools and information that can improve their financial situation.
Wealth Generators products are distributed through a direct sales model. Our products are offered to individuals on a monthly subscription basis. Wealth Generators 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.
Wealth Generators 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.wealthgenerators.com
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 accredited investors, self-directed investors and select financial institutions. 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.