NEW YORK -- (Business Wire)
World Assurance Group, Inc. (www.worldassurancegroup.com) (OTC
Pink: WDAS) today announces that it has filed unaudited results for the
three and six months ended June 30, 2014, via the OTC Markets Disclosure
& News Service.
Key results of the unaudited financials for the half year ending June
30, 2014 include:
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WDAS |
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For the six months ended
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June 30,
2014
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June 30,
2013
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Revenues
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$
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7,436,965
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$
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-
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Net Profit
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$
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6,719,411
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$
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(188,701
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Total Assets
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$
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7,048,242
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$
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-
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WDAS is preparing for the Q2’14 dividend of 5 cent per share to all
shareholders of record as of the close of business June 30, 2014. The
dividend is due for payment August 20, 2014.
Full details of the Company's filings are accessible at http://www.otcmarkets.com/stock/WDAS/filings.
Mr. Fabio Galdi, CEO, WDAS, said, "This quarter was another strong
quarter for WDAS. Our sustained financial performance enables us to
break new ground in OTC markets - by paying a dividend!
Our strong financial position allows us to continue our share buy
back program and to invest in our research and product development
activities, which underpins and drives our licensing activity and growth.
We are well placed to deliver on our technologies in development and
anticipate sustained growth from our existing, proven revenue generating
products and services and from our new, unique emerging technologies.”
About World Assurance Group
World Assurance Group, Inc. (WDAS) is a holding company operating
through three wholly owned subsidiaries. WOR(l)D Global Group Inc.,
based in Miami, Florida is the group’s research center. World Global
Assets is an intellectual property licensing company based in Singapore.
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This press release contains forward-looking statements. Words such as
“expects”, “intends'', “believes'' and similar expressions reflecting
something other than historical fact are intended to identify
forward-looking statements, but are not the exclusive means of
identifying such statements. These forward-looking statements involve a
number of risks and uncertainties, including the timely development and
market acceptance of products and technologies, the ability to secure
additional sources of finance, the ability to reduce operating expenses,
and other factors described in the Company's filings with the OTC
Markets Group. The actual results that the Company achieves may differ
materially from any forward-looking statement due to such risks and
uncertainties. The Company undertakes no obligation to revise or update
any forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
Contacts:
Investor Relations:
Sean McVeigh,
855-467-6500
info@worldassurancegroup.com
Source: World Assurance Group, Inc.
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