Subject: News Release - Financial Results
PDF Document
File: Attachment DOSI PR - July 9 2025 Results Release.pdf
News
FOR IMMEDIATE RELEASE
DARELLE ANNOUNCES FINANCIAL RESULTS
Vancouver, B.C. July 9, 2025 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, 2025.
The full text of darelle's second quarter financial results is contained in its unaudited
condensed interim consolidated financial statements for the nine-month period ended
May 31, 2025 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 $36,947 during the period compared with
$55,450 during the same nine month period in 2024. 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 $4,500 with the remaining
revenue ($32,447) 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 $132,944 (($0.05) per share)
during the nine month period ended May 31, 2025 compared to a comprehensive
loss of $99,795 (($0.04) per share) during the same nine month period in the
2024 fiscal year.
Operational Update
The Company continues to look at opportunities to expand the geographical scope of
the darelle.com platform. In addition, the Company is focused on the development of
platform enhancements including the development of a Chase the Ace platform which
will integrate with the existing 50/50 raffle platform while introducing a separate
progressive jackpot component.
The Chase the Ace platform will operate in conjunction with or as an add-on to the
existing 50/50 raffle system once development is complete and all regulatory
requirements have been met. The launch will be dependent upon the Company
securing a strategic partner and/or equity financing.
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,
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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 2,456,939 common shares issued and outstanding.
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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