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Enter Symbol
or Name
USA
CA



Darelle Online Solutions Inc
Symbol DAR
Shares Issued 73,708,147
Close 2023-07-24 C$ 0.005
Market Cap C$ 368,541
Recent Sedar+ Documents

Darelle's nine-month comprehensive loss at $107,657

2023-07-25 10:56 ET - News Release

Subject: News Release - Darelle Online Solutions Inc. PDF Document File: Attachment DOSI PR - July 25 2023 (Results Release).pdf News FOR IMMEDIATE RELEASE DARELLE ANNOUNCES FINANCIAL RESULTS Vancouver, B.C. July 25, 2023 Darelle Online Solutions Inc. ("darelle" and/or the "Company") (TSXV: "DAR") today released its interim financial and operational results for the nine-month period ended May 31, 2023. The full text of darelle's second quarter financial results are contained in its unaudited condensed interim consolidated financial statements for the nine-month period ended May 31, 2023 and the related management's discussion and analysis, copies of which are available electronically on darelle's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and also on darelle's website at www.darelle.com Quarterly Financial Results The Company generated revenue of $44,853 during the period compared with $106,596 during the same nine month period in 2022. Revenue is comprised of a set-up fee and a flat administration fee ("Processing Fees) per raffle ticket sold by organizations. The Company realized set-up fees of $7,250 with the remaining revenue ($37,603) in processing fees. Processing fees are recognized once the raffle draw is complete and/or the organization has sold all available tickets. The Company reported a comprehensive loss of 107,657 (($0.00) per share) during the nine month period ended May 31, 2023 compared to a comprehensive loss of $148,307 (($0.00) per share) during the same nine month period in the 2022 fiscal year. About Darelle Online Solutions Inc. Darelle Online Solutions Inc. is a British Columbia corporation with its head office in Vancouver, British Columbia. Darelle.com is an online marketplace which has developed a platform in which charitable and nonprofit organizations can create, sell, deliver, and manage their raffle ticket and 50/50 draws completely online. The Company is listed on the TSX Venture Exchange as a Tier 2 Technology Issuer. The Company has a total of 73,708,147 common shares issued and outstanding. Additional information on the company can be found at www.darelle.com Page 2 For Further Information, Contact: Dean Bethune President & CEO Phone (778) 840-3325 Email: dbethune@darelle.com Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. - 2 -

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