NEW YORK, NY(Eteligis Inc.)
NEW YORK, NY, United States, via ETELIGIS INC., 02/18/2015 - -
30DC, Inc. (OTC Pink: TDCH) (PINKSHEETS: TDCH), a provider of
web-based tools for the monetization of digital content, today
announced that during its fiscal second quarter ending December 31,
2014, the company, recognized revenues of $176,722 from continuing
operations compared to $207,746 during the fiscal second quarter
period ending December 31, 2013. Revenues from continuing
operations were from the following sources during the fiscal second
quarter ending December 31, 2014 compared to December 31, 2013.
For the fiscal second quarter ending December 31, 2014 revenues
from continuing operations decreased 14.93%. The $31,684 increase
in subscription revenue was due to a new online forum subscription
product which was launched in April 2014 that has a recurring
monthly charge. The $64,944 decrease in products and services
revenue resulted from a number of offsetting factors. One factor is
that the MagCast Publishing Platform decreased by $141,717
primarily due to a special promotion that permitted any existing
customer to purchase an additional license in October 2013. This
promotion was not repeated in the second quarter of 2014. This
decrease was partially offset by a $10,725 increase in sales of
Market Pro Max, including the Ultimate Product System. The Ultimate
Product System is a training program that includes a lifetime
license for one Market Pro Max marketing web site. There was also
an increase in sales of $66,113 from other products the company has
developed including those that increase traffic to web sites.
For the fiscal six months ending December 31, 2014 revenues from
continuing operations decreased 59.23%. The $61,638 increase in
subscription revenue was due to a new online forum subscription
product which was launched in April 2014 and has a recurring
monthly charge. The $1,332,671 decrease in products and services
revenue was mainly due to a decrease of $1,430,830 in revenue from
the MagCast Publishing Platform which resulted from a smaller
Digital Publish Blueprint ("DPB") launch promotion in July 2014
than August 2013. This was partially offset by a $30,689 increase
in sales of Market Pro Max including the Ultimate Product System as
described above. There was also an increase in sales of $67,535 in
the sale of other products the company has developed.
According to Ed Dale, 30DC's CEO, "The majority of revenue in
the past two years has come from the sale of Digital Publishing
Blueprint ("DPB"), a digital publishing training program which
includes a single lifetime MagCast license. These were all one-time
sales, without a recurring revenue component, and, as a
consequence, the company's sales fluctuated based upon the timing
of promotional launches. DPB was targeted to our historical
customer base in Internet marketing, and a majority of sales were
through affiliate relationships."
Ted Greenberg, CFO, added, "To date we have sold in excess of
4,000 licenses, and customers have published more than 2,000
digital magazine titles. This has provided us with real-world
feedback on our products. DPB provided the capital for the multiple
MagCast platform upgrades to date without the need for outside
capital."
Moving forward, the company is seeking to develop recurring
MagCast revenue and believes our digital publishing products will
be attractive to a wider audience outside of our traditional
customer base. Management recently updated and enhanced its
internal growth plan and hopes to begin implementing it in the near
future.
Operating Expenses from continuing operations were $412,620 and
$1,050,701 respectively, for the three months and six months ending
December 31, 2014, compared to $613,324 and $1,898,606 for the same
periods in the prior fiscal year. One of the factors contributing
to the decrease in operational expenses during the six month period
ending December 2014 was that there was a smaller DPB launch than
during the six month period ending December 2013 with fewer
affiliates participating, which resulted in lower affiliate
commission expense and lower credit card processing fees. Other
factors contributing to the decrease in operational expenses during
both the six month and three month periods ending December 2014,
compared to the respective periods in the prior year, were
decreases in the costs of independent contractors, officers'
salaries and travel expenses.
Net loss was $(218,693) or $(.00) per share and net loss
$(187,013) or $(.00) per share for the second quarter and fiscal
six months ending December 31, 2014, compared to a loss of
$(406,292) or $(.00) per share and a gain of $336,546 or $.00 per
share for the same periods of fiscal 2013. The decrease in net
income from continuing operations of $519,444 for the six month
period ending December 2014 was due to the decrease in revenue of
$1,273,836 offset by the decrease in operating expenses of $847,905
and forgiveness of debt income of $93,513 in the six months ending
December 2013.
30DC ended December 31, 2014 with $123,102 of cash and $546,823
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 in February 2014. Operating results for the
Immediate Edge for all periods reported in the December 2014 10Q
and June 2014 10K have been reclassified to discontinued operations
and are not included in the above numbers for continuing
operations.
About 30DC, Inc.
30DC produces tools and platforms for individuals, companies and
consultants to easily create original digital content for either
sale or internal communications purposes without the need for
coding or design skills. 30DC also provides the latest eCommerce
tools and training to sell subscriptions, create membership sites
and sell courses and products. 30DC is known for its training
expertise and ability to turn publishing and eCommerce amateurs
into professionals. For addition information on 30DC, please
download a corporate fact sheet at
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
Forward-Looking Statements
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 growth,
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.
CONTACT:
For additional information:
Greg Laborde.
30DC, Inc.
Phone: 212-962-4400 Ext 82
E-mail: greg.laborde@30dcinc.com
visit http://www.30dcinc.com
SOURCE: 30DC, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28071
- Link to submission on http://www.eteligis.com
http://www.eteligis.com/FileHandler.aspx?submissionRequest=28071&documentRequest=18453
- TDCH_Table1_.xlsx
http://www.eteligis.com/FileHandler.aspx?submissionRequest=28071&documentRequest=18454
- 08272118022015-1095356511TDCH_02-18-2015_888_ETL.001.jpeg
30DC (PK) (USOTC:TDCH)
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30DC (PK) (USOTC:TDCH)
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부터 7월(7) 2023 으로 7월(7) 2024