FDCTech’s Quarterly Release for the Third Quarter (FY22 Q3)

Irvine, CA, Nov. 04, 2022 (GLOBE NEWSWIRE) — FDCTech, Inc. (“FDC” or the “Company,”) (OTCQB: FDCT), a fintech-driven firm specializing in shopping for and integrating small to mid-size legacy monetary providers firms, at this time introduced the following outcomes for the quarter ended September 30, 2022, as in comparison with the corresponding interval of final fiscal yr:

• The revenues generated for the 9 months ended September 30, 2022, and 2021 had been $4,597,097 and $221,003, respectively.

• During the 9 months ended September 30, 2022, and 2021, the Company incurred a internet lack of $1,002,849 and $977,933.

• The internet loss as a share of income decreased from 442.50% to 21.81% for the 9 months ended September 30, 2022, in comparison with the earlier interval.

• The money available was $246,064 as of September 30, 2022, in comparison with $93,546 on December 31, 2021.

• On September 30, 2022, the whole stockholders’ fairness was $1,283,751 in contrast with a complete stockholders’ fairness of $1,625,448 on December 31, 2021.

On July 19, 2022, the Company signed a non-binding letter of intent to accumulate eighty p.c (80%) fairness curiosity in CIM Securities, LLC (“CIM Securities”), a FINRA and SIPC member agency. On September 30, 2022, the Company paid a $20,000 non-refundable deposit and transferred $180,000 to the escrow account to finish the transaction. The FINRA Rule 1017 requires the Company to file persevering with membership functions (CMAs) because it plans to use for modifications in possession, management, and business operations. The Company expects to file the CMA kind by the finish of fiscal 2022.

Please go to our SEC filings or Company’s web site for extra data on the full outcomes and administration’s plan.

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FDCTech, Inc.

FDCTech, Inc. (“FDC”) is a US-based, absolutely built-in monetary know-how firm. FDC focuses on shopping for and integrating small to mid-size legacy monetary providers firms. FDC develops and delivers a full suite of know-how infrastructure options to foreign exchange, crypto, wealth administration, and different future-proof monetary sectors. 

Press Release Disclaimer

This press launch’s statements could also be forward-looking statements or future expectations primarily based on at the moment out there data. Such statements are naturally topic to dangers and uncertainties. Factors corresponding to the growth of normal financial circumstances, future market circumstances, uncommon catastrophic loss occasions, modifications in the capital markets, and different circumstances might trigger the precise occasions or outcomes to be materially completely different from these anticipated by such statements. The Company doesn’t make any illustration or guarantee, categorical or implied, concerning the accuracy, completeness, or up to date standing of such forward-looking statements or data supplied by the third occasion. Therefore, in no case in anyway will Company and its affiliate firms be liable to anybody for any choice made or motion taken along side the data and/or statements on this press launch or any associated damages.

Contact Media Relations
FDCTech, Inc.
[email protected]
www.fdctech.com
+1 877-445-6047
200 Spectrum Center Drive, Suite 300,
Irvine, CA, 92618