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): July 8, 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 July 8, 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 July 8, 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: July 8, 2021 | By: | /s/ Annette Raynor |
Annette Raynor | ||
Chief Operations Officer |
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Exhibit 99.01
Investview (“INVU”) iGenius Subsidiary Reports Strong Record Growth Trend in First Quarter
Eatontown, NJ, July 8th, 2021 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), through its subsidiary and global distribution network iGenius delivers an ecosystem of leading-edge financial technologies, services, and research that enable educated participation in blockchain, AI, DeFi, and the global markets, reports strong record growth trend for iGenius in the First Quarter.
“This was an all-around highly successful quarter for iGenius. During the quarter, our strategies led to strong global customer demand for our high-quality financial education tools, research, and digital asset technology products. We also offered various incentives and promotions that were well received and contributed meaningfully to sales and customer growth for the quarter.” said Joe Cammarata, CEO.
Investview, through our subsidiary iGenius, remains tightly focused on our mission of making financial technology advances available to the masses, with our most recent product and education introduction of NDAU the world’s first adaptive digital currency, continues to be a key driving force behind the company’s continued growth trend” added Cammarata.
Applications such as Robinhood and Coinbase are creating millions of self-directed investors looking to capitalize on the equities and crypto markets. Many of these investors are inexperienced and seek reliable education and training.
iGenius leverages a worldwide distribution network to provide financial education, technology, and tools designed to help self-directed retail investors succeed in the markets. With subscribers in over 100 countries worldwide, iGenius gives individuals access to knowledge that is typically only available to the wealthy.
iGenius Operation: Growth Trend
Since Investview launched iGenius in January 2021, the growth has been tremendous.
● | Gross revenue in June is an estimated $5M compared to $1.7M in January representing nearly 185% growth. |
● | Gross subscription revenue in June is an estimated $2.2M compared to $1.1M in January representing a 100% increase. |
● | There were an estimated 3,970 new members added in June compared to 2,938 in January representing a 35% increase. |
● | Total iGenius memberships are up an estimated 64% since January |
Note: The numbers included in this release are initial estimated 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.
According to iGenius President, Chad Garner, customer retention is another key indicator of the value of the iGenius platform. He said,
“The way people invest, manage, and exchange money is different than it was 5 years ago. Self-directed investing, blockchain, cryptocurrency, and online payment systems like Venmo are just a few examples of how new financial technologies have disrupted the old way of doing things. iGenius provides crucial access to education and tools that allow members to stay on the cutting edge of these changes. While we believe that our platform can help anyone capitalize on these changes, we recognize how easy it is for a new investor to get discouraged and quit as they learn a new skill. iGenius has been able to maintain retention metrics that are well above industry benchmarks by teaching our members that investing is a marathon, not a sprint. Our members learn that it takes continued and consistent effort to start building long term wealth.”
iGenius member, Miguel Vees Raposo shared his story about how the iGenius education platform changed his life.
“It was important for me to find a company that reflected the same morals that I was brought up with. iGenius gave me the right information to change my situation.”
(View Miguel’s full testimonial here: https://www.youtube.com/watch?v=biQFsW4ytVs )
iGenius continues to add education and services to its platform with a dedication to providing self-directed investors access to life changing information and products typically only made available to large institutions.
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 next generation of digital assets. Investview marries the latest innovations in technology to drive global FINTECH solutions.
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: Arthur Rome
Phone
Number: 732.889.4308
Email: pr@investview.com