San Francisco, CA, May 02, 2018 --(PR.com
)-- Velocity (symbol: VCT) recently filed its October 2017 year end financials. It reported revenue of $1.3m, with a 745k loss. It has $6.6m of liabilities and few assets. For the quarter ending 1/31/18 the revenues were 135k, with an operating loss.
Velocity continues to work with CSE on a potential sale of the majority block of the Company's stock. The majority block is owned by S7 Group.
www.sedar.com (Velocity's Financial statements)
The primary directors continue to be Bob Bates and Adam Radly.
PR Contact: Adam Radly/Bob Bates, 778-371-3479