Subject: News Release - Darelle Online Solutions Inc.
PDF Document
File: Attachment DOSI PR - April 26 2024 (Results Release).pdf
News
FOR IMMEDIATE RELEASE
DARELLE ANNOUNCES FINANCIAL RESULTS
Vancouver, B.C. April 26, 2024 Darelle Online Solutions Inc. ("darelle" and/or
the "Company") (TSXV: "DAR") today released its interim financial and operational
results for the six-month period ended February 29, 2024.
The full text of darelle's second quarter financial results is contained in its unaudited
condensed interim consolidated financial statements for the six-month period ended
February 29, 2024 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 https://www.sedarplus.ca/darelle
Quarterly Financial Results
The Company generated revenue of $37,832 during the period compared with
$20,756 during the same six month period in 2023. 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 $7,000 with the remaining
revenue ($30,832) 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 $93,244 (($0.00) per share)
during the six month period ended February 29, 2024 compared to a
comprehensive loss of $77,631 (($0.00) per share) during the same six month
period in the 2023 fiscal year.
Operational Update
The Company continues to look at opportunities to expand the geographical scope of
the darelle.com platform. Opportunities include partnering with an industry competitor
and/or reviewing possible joint ventures with third parties.
The Company also continues to seek opportunities to create shareholder value through
strategic acquisitions and/or transactions.
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.
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Additional information on the company can be found at www.darelle.com
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.
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