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Good Life Networks Inc. Achieves Record $9.7 Million in Revenue and Record $1.7 Million in EBITDA for 2017VANCOUVER, April 26, 2018 /CNW/ - Good Life Networks Inc. ("GLN", or the "Company") (TSX-V: GOOD, FSE: 4G5), a Vancouver-based programmatic advertising technology company, is pleased to announce that it has filed its consolidated financial statements and management's discussion and analysis for the year ended December 31, 2017, available for viewing on www.sedar.com. All figures are expressed in Canadian dollars unless otherwise stated. Financial Highlights
BUSINESS UPDATE During fiscal year ending December 31, 2017, the Company achieved the following milestones:
Subsequent to Fiscal Year-End
MOVING AHEAD The Company continues to expand and execute its integration and acquisition strategy. During 2018, the Company plans on integrating with between 25 and 35 additional partners and plans to complete strategic acquisitions previously identified. To date, Good Life Networks Inc has been working on and completing the following initiatives:
Jesse Dylan, President and CEO commented, "A few years ago, I had the pleasure and honor of entertaining Don Miguel Ruiz (author of the international best-selling book The Four Agreements) in my home for dinner. One of Don Miguel's Four Agreements is "Be Impeccable with Your Word," the financial statements that we are releasing today to the market, to our shareholders, family and friends clearly demonstrate that we are executing our plan and being impeccable with our word. It will continue to be our honor and pleasure to execute the GOOD plan!" Summary of Financial Results and Information
Financial Reports Full details of the financial reports and operating results for the twelve months ended December 31, 2017 are described in the Company's consolidated financial statements with accompanying notes and related Management's Discussion and Analysis. These documents and additional information on Good Life Networks Inc. is available on SEDAR at www.sedar.com. Management appointments Konstantin Lichtenwald has been appointed as Chief Financial Officer (CFO) of the Company. Mr. Lichtenwald is a CPA/CGA offers extensive knowledge and know-how for companies in two key financial jurisdictions, North America and German-speaking parts of Europe. His accounting, financial skills offer a multifaceted hands-on approach to strategic management and problem solving. Andrew Osis has resigned from his position as Chief Financial Officer and returns to his role as Advisor. GLN wishes to thank Mr. Osis for his contributions over the last year. Conference Call The company will also host a live conference call on April 26th, 2018, at 2 p.m. PST. To access the conference call by phone, please dial: Canada/USA: 1-800-319-4610 International Toll: 1-604-638-5340 Germany: 0800-180-1954 UK: 0808-101-2791 Callers should dial in five to 10 minutes prior to the scheduled start time. The GLN Story GLN harnesses the power of artificial intelligence to improve marketing return on investments for advertisers using its patent pending video advertising technology. By 2020, MAGNA, the research arm of media buying firm IPG Mediabrands, expects digital ads to make up 50 percent of all ad spending, expected to reach $237 billion this year. GLN recently closed a $9.2 million subscription financing prior to closing its qualifying transaction and trades on the TSX Venture Exchange under the stock symbol "GOOD" and The Frankfurt Stock Exchange under the stock symbol 4G5. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Good Life Networks Inc. |