UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 15, 2021
INVESTVIEW, INC.
(Exact name of registrant as specified in its charter)
Nevada | 000-27019 | 87-0369205 | ||
(State or other jurisdiction of | (Commission | (IRS Employer | ||
incorporation or organization) | File Number) | Identification No.) |
234 Industrial Way West, Suite A202 | ||
Eatontown, New Jersey | 07724 | |
(Address of principal executive offices) | (Zip code) | |
Registrant’s telephone number, including area code: | 732-889-4300 |
n/a
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Exchange Act: None
Title of each class | Trading symbol(s) | Name of each change on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
EXPLANATORY NOTE
The information in this report, including the exhibit, is being furnished pursuant to Item 7.01 and Item 9.01 of Form 8-K and General Instruction B.2 thereunder. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
ITEM 7.01—REGULATION FD DISCLOSURE
On March 15, 2021, Investview, Inc., issued a press release, a copy of which is attached as Exhibit 99.01.
ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS
The following is filed as an exhibit to this report:
Exhibit Number* |
Title of Document | Location | ||
Item 99 | Miscellaneous | |||
99.01 | Press Release dated March 15, 2021 | This filing |
* | All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INVESTVIEW, INC. | ||
Dated: March 15, 2021 | By: | /s/ Annette Raynor |
Annette Raynor | ||
Chief Operations Officer |
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Exhibit 99.01
Investview (“INVU”) Reports Highest Monthly Gross Revenue
in Company’s History
● | $5.5 million gross revenue for February 2021, the highest in the history of the company | |
● | $1.9 million estimated net income for February 2021, also a record high | |
● | 30% estimated operating margin for February 2021, also a record high | |
● | More than $1 million in Bitcoin and other digital currency holdings recorded on the Balance Sheet as of February 28, 2021 |
Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets, is pleased to announce record combined revenue for the month of February from its Bitcoin Mining and Product Sales Revenue.
“It was a record month for gross revenue demonstrating strength and growth from multiple subsidiaries. We continue to execute on the company’s four key fintech objectives of Bitcoin mining, education, financial trading tools and our newly announced ndau digital currency product packages. Financial education remains a driving force with individual demand growing rapidly especially with greater participation from Gen X and Y. We will continue to enhance our mining operations, expand our educational tools, and increase our offerings to reach our fintech objectives,” said Joe Cammarata, Investview CEO.
The combined gross revenue of $5.5 million represents the highest grossing month in the Company’s history. February 2021 net income of an estimated $1.9 million is also a first in the Company’s history. Rounding out the financial historical milestones is the addition of over $1 million in Bitcoin and other digital currencies recorded on the balance sheet as of February 28, 2021.
Mario Romano, Director of Finance added, “Our February results demonstrate the impact of the positive changes we continue to make across our subsidiaries. By clearly defining our commitment to fintech initiatives and support of digital currencies we are delivering the elements required for individuals to adapt to a fully digital economy.”
February 2021 Financial Highlights
● | Consolidated gross revenue was $5.5 million in February 2021, the highest monthly revenue in the Company’s history. | |
● | Consolidated estimated net income of $1.9 million in February 2021, also reflects a record high monthly performance. | |
● | The operating margin for February 2021 is estimated at 30%, another record high for the Company. | |
● | Our digital currency holdings comprised of ndau and BTC reached over $1 million as of February 28, 2021. |
Note: The numbers included in this release are initial expected results and are un-audited and may differ from numbers reported in our SEC filings due to compliance with US GAAP, and subject to final review by the Company’s independent auditors.
About Investview, Inc.
Investview, Inc. is a diversified financial technology and global distributor organization that operates through its subsidiaries to provide financial education tools, content, research, and management of digital asset technology that mines cryptocurrencies, with a focus on Bitcoin mining and the generation of digital assets. For more information on Investview and its family of wholly owned subsidiaries, please visit: www.investview.com.
Forward-Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. (“INVU”) assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
Investor
Relations
Contact: Mario Romano
Phone Number: 732.889.4308
Email: pr@investview.com