Velocity Data Update

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.

http://thecse.com/en/listings/technology/velocity-data-inc

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

www.s7group.com