Vancouver, BC / ACCESSWIRE / September 29, 2014 / Velocity (CSE:VCT)(FRANKFURT:9VD), announced that it has released its financial statements for the three month period ending July 31, 2013. Revenue for the quarter period ending July 31 2014 increased by 24% over the same period in 2013.
Velocity CEO, Adam Radly, said "We are very pleased with this substantial year over year increase in revenue. Our management is doing a great job of executing our plan."
The Company has provided information regarding its major projects since commencing trading as a public company. Mr. Radly said "We will continue to provide updates regarding the commencement and completion of the major projects as they occur."
Further information about Velocity is available under its profile on the SEDAR website www.sedar.com and on Velocity's page on the CSE website at www.thecse.com.
The CSE has not reviewed, approved or disapproved the content of this press release.
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Velocity. Forward-looking information is based on certain key expectations and assumptions made by the management of Velocity, including future plans for acquisitions. Although Velocity believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Velocity can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. Velocity disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Not an Offer In the United States:
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States and may not be offered or sold in the United States or to the account or benefit of a person in the United States absent an exemption from the registration requirements.
Velocity Data Inc.
www.VIT.technology
Adam Radly
Chief Executive Officer
415-264-0984
[email protected]
SOURCE: Velocity Data Inc.