FutureWorld (FWDG) Reports Fourth Quarter 2015 Financial Results
Record Revenue, Net Income & Shareholder EquityFourth Quarter Results (all comparisons made are against the prior year period, unless otherwise stated)
— Revenue was $585,945 as compared to $0 a year ago.
— Net income was $21 million as compared with ($156,319) a year ago (if sale of FutureLand included, net income will increase to an estimated $81 million).
— Diluted income per share was $0.023 as compared with a($0.0004) loss per share a year ago (if sale of FutureLandincluded, diluted income per share would increase to an estimated$0.10).
— Total shareholder equity was $19.5 million as compared with$(1,371,218) a year ago (FutureLand sale not included).
— Net asset was $20.6 million as compared with $2,000 a year ago(FutureLand sale not included).
— Total account receivable of $10 million as compared with $0 a year ago.
“We are pleased with our strong Q4 results, demonstrating solid execution of our business model,” said Sam Talari, Chairman,and Chief Executive Officer. “Our technology incubation and acceleration business model is starting to pay off. We have had revenue from all of our companies and have increased our total net asset (tangible, intangible) by 1,000,000% as compared with a year ago. Our advanced business model positions us to extend our market leadership in the Cannabis industry incubating unique and profitable businesses.”
Business Highlights (through May 11, 2015, unless otherwise stated):
–FutureLand Corp – the Company has made great strides for the past few months, signing two contracts for land lease and grow facilities on its 240Acres land. Its revenue for the period has surpassed all other subsidiaries and will expect it to do so for the foreseeable future. FutureLand was sold/spun off last week ofMarch giving FutureWorld close to $40m to $60m in net income from gains on sale of asset.
https://www.facebook.com/pages/FutureLand-Corporation/848802538518505
–HempTech Corp – the Company has developed leading technologies or the agricultural industry and is on par to become a leader ingrow technologies in the cannabis industry and beyond. HempTech was sold/spun off in Feb/March giving FutureWorldclose to $20.5m in net income from gain on sale of asset.
https://www.hemptechcorp.com/main/
–CB Scientific Inc – the Company has introduced and is sellingthe first ever award meaning personal analytics THC and CBD testkits. CB Scientific is the second revenue generator afterFutureLand. The Company is revamping its product lines andintroducing new and improved products sold through multipledistributors and online. The Company expects its proforma revenueto reach $2M by the end of 2015 and expand exponentiallythereafter. The Company is working on two ventures in personaltesting devices that may redefine the whole cannabis testingindustry for years to come. The Company is also in the process ofbeing sold or spun off in the next few weeks. We expect the priceto be on par with both previous sold companies.
–URVape – the Company has been expanding in the “SafeVape” vapeand ecig devices with unique CBD vape blends formulated especiallyfor the patients. The Company also sells dietary supplements usingespecial formulated CBD oil for illnesses. The Company currentlyhas 14 wholesalers in 8 states across the country.
–NutraCann – a dietary supplement company, NutraCann offersunique blends and formulated high quality CBD oil under the brand”Essence” as tinctures, drops, capsules, CBD candies, and bulkwholesale items nationally through their website. The Essence lineof products by NutraCann offers the best quality CBD formulatedespecially for certain conditions and illnesses.
As the only Cannabis Technology Accelerator, FutureWorld willincubate and fund leading technologies, products, and services forCannabis industry (Industrial Hemp) for foreseeable future;bringing value to its core and its shareholders.
About FutureWorld Corp.
FutureWorld (FWDG), a Delaware corporation, is a leadingprovider of advanced technologies and solutions to the globalcannabis industry. FutureWorld, together with its subsidiaries,focuses on the identification, acquisition, development, andcommercialization of cannabis related products and services, suchas industrial Hemp. FutureWorld, through its subsidiaries, providespersonal and professional THC and CBD test kits, pharmaceuticalgrade CBD oil solutions, SafeVape vaporizers, smart sensortechnology, communication network, surveillance security, dataanalysis for smart cultivation and consultation for the industrialhemp and legal medicinal cannabis. Our wireless agricultural smartsensor networks offer precision to the agriculture, irrigationsystems, and greenhouses for the global cannabis and hemp industry.FutureWorld and its subsidiaries do not grow, distribute or sellmarijuana.
To request further information about FutureWorld, please emailus at info@futureworldcorp.com, log onto our website athttps://www.futureworldcorp.com or visit us at our Facebook pagefacebook.com/futureworldenergy or on Twitter@futureworldinc.
Forward-Looking Statements
This press release may contain forward-looking statementscovered within the meaning of the Private Securities LitigationReform Act of 1995. These forward-looking statements relate to,among other things, plans and timing for the introduction orenhancement of our services and products, statements about futuremarket conditions, supply and demand conditions, and otherexpectations, intentions and plans contained in this press releasethat are not historical fact and involve risks and uncertainties.Our expectations regarding future revenues depend upon our abilityto develop and supply products and services that we may not producetoday and that meet defined specifications. When used in this pressrelease, the words “plan,” “expect,” “believe,” and similarexpressions generally identify forward-looking statements. Thesestatements reflect our current expectations. They are subject to anumber of risks and uncertainties, including, but not limited to,changes in technology and changes in pervasive markets. Thisrelease includes forward-looking statements within the meaning ofSection 27A of the Securities Act of 1933 and Section 27E of theSecurities Act of 1934. Statements contained in this release thatare not historical facts may be deemed to be forward-lookingstatements. Investors are cautioned that forward-looking statementsare inherently uncertain. Actual performance and results may differmaterially from that projected or suggested herein due to certainrisks and uncertainties including, without limitation, ability toobtain financing and regulatory and shareholder approval foranticipated actions.
Media Contact FutureWorld Corp. https://www.futureworldcorp.com info@futureworldcorp.com cox@futureworldcorp.com (727) 474-1816 ext. 103 Twitter - @futureworldinc Facebook - futureworldenergy
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
