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Integrated Ventures Expects To Release Positive Earnings Of 0.01 Cent Vs Loss of (0.18) Cents For Q1 Of 2020PHILADELPHIA, Nov. 13, 2019 /PRNewswire/ -- Integrated Ventures Inc, (OTCQB: INTV) ("Company") is pleased to announce that financial results for period ending 09/30/2019 (Q1/2020), will be released after the market close, on 11/14/2019, by filing Form 10Q with SEC. Steve Rubakh, CEO of Integrated Ventures, Inc, adds the following commentary: "The company had safely navigated through turbulent times by securing competitive power pricing and cutting out most of traditional operational expenses. The business relocation, from Marlboro, NJ to Carthage, NY, was completed by July 15, 2019. INTV's mining revenues came in at $107,385 (*) and only reflect 45 days of newly launched mining operations. A slight increase in gross loss from operations, from 86,015 to 119,618 (*) was due to one-time relocation, equipment shipping and set-up expenses, of about $35,000. The company strategically deployed raised capital by focusing on upgrading and replacing of unprofitable and outdated miners and just today, we had placed a purchase order for additional 15 Antminer T17 units, valued $14,924.00." Below are Company's Q1 financial highlights:
About Integrated Ventures Inc: The Company operates as Technology Holdings Company with focus on cryptocurrency sector. For more information, please visit company's website at www.integratedventuresinc.com. Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company's control.
View original content:http://www.prnewswire.com/news-releases/integrated-ventures-expects-to-release-positive-earnings-of-0-01-cent-vs-loss-of-0-18-cents-for-q1-of-2020--300957363.html SOURCE Integrated Ventures Inc |