TheRetirementSolution.Com Files Consolidated Pro Forma Financial Statements for Recently Completed Acquisitions of Razor Data and Investment Tools and Training (ITT)
Thursday April 3, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--TheRetirementSolution.com (OTCBB: TRES - News) today announced that it has filed an amended 8K with the SEC that includes pro forma consolidated financial statements for the company based upon the recent acquisitions of Investment Tools and Training and Razor Data.
According to the filing, the pro forma consolidated revenue for the three companies for the year ended March 31, 2007 would be approximately $6.2 million. The filings also notes that the two recently acquired companies were both profitable at the end of their fiscal years and are accretive to the bottom line of TheRetirementSolution.com.
We believe that this is a good foundation going forward, said Nicholas S. Maturo, CEO of TheRetirementSolution.com. The acquisition of these two companies is central to our growth strategy to market a diverse set of financial products and services, principally on line. The integration of the three entities is well advanced and we are in the first stage of implementing cross marketing efforts to reach new customers. Business development activities continue to move forward effectively and will accelerate in the coming months.
ITT (www.investview.com) is a company whose goal is to equip students with financial knowledge, skills and investing habits through a diversified and personal education and training system that includes multiple delivery formats such as live webinars, recorded webisodes, training symposiums, coaching, mentoring, investor rooms and newsletters. Since mid January 2008, partner marketing alliances has been implemented where to-date ITT has conducted twelve (12) fulfillment events in the US and Canada and importantly, ITT has delivered all investor education online. In the coming months ITT plans to move to two events per week with further expansion planned beyond the second quarter. In April, the company will launch its own brand, InvestView, under the ITT banner. ITT is staffed with qualified professionals who serve as instructors and advisors. These individuals include masters in adult learning, certified market technician, certified financial planner, chartered financial analyst, PhD of psychology and a published author.
Razor Data (www.razordata.com) provides complete turnkey solutions to its customers in the financial community that include stock market information and tools, comprehensive database creating and management, distributed web hosting and network environments and complete e-Content creation and management. The experienced technology and operations management and development team at Razor Data have enabled the company to achieve five years of profitable growth and strong free-cash flow. Razor Data brings a robust technology platform with virtually no capital investment needs.
TheRetirementSolution.com portfolios provide subscribers, via an exclusive relationship with StockDiagnostics.com, Inc., small, mid and large cap investment portfolios consisting of approximately 100 stocks at the minimum subscription entry level and up to 250 stocks at the premium subscription level. In addition to these Portfolio subscriptions and upcoming education content, the Company also provides its subscribers with access to the StockDiagnostics.com on-line analytical stock selection system tools and on-line updates, which include real-time changes to the portfolios.
For more information on TheRetirementSolution.com, visit www.theretirementsolution.com. For more information on StockDiagnostics.com, visit www.stockdiagnostics.com. Since its inception in 2002, StockDiagnostics.com has diagnosed the health of common stocks through the use of its primary metric operational cash flow per share as well as other proprietary algorithms. As a result, it has built an impressive track record of being predictive of the performance of numerous common stocks.
Safe Harbor Statement
Statements in this document that are not purely historical are forward-looking statements. Forward-looking statements in this release include statements regarding the business of the Company subsequent to the acquisition of TheRetirementSolution.com, Inc. Factors that could cause actual results to differ materially, include risks and uncertainties such as the inability to finance its operations, unforeseen technical difficulties, competitors products proving more effective, cheaper or otherwise preferable for consumers, inability to market the products we provide, among other factors, all of which could, among other things, delay or prevent product release or cause our company to fail. For further risk factors see the risk factors associated with our operations filed with the SEC on Edgar.
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Source: TheRetirementSolution.com
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