FDCTECH INC - FDCT STOCK NEWS

FDCTech, Inc. (OTCQB: FDCT) Reports 140% and 180% Increase in Technology Business for Three and Nine Months Ending September 30, 2023, with Net Income of $638,084 and $1,366,777. The Company's Financial Assets Reach $3,405,065 as of September 30, 2023, Indicating Strong Growth and Commitment to Driving Value for Investors.

FDCTech acquires Alchemy Group, expanding its presence in the online trading and investment platform market.

FDCTech, Inc. announces acquisition of Alchemy Group, aiming to establish a premier online trading platform. Positive takeaways include diversification of services, positive cash flow, solid financial position, geographical expansion, synergy and integration, and competitive edge. The acquisition is expected to close in the next thirty days.

FDCTech, Inc. reported a significant increase in its technology business by 239% and 203% for the three and six months ending June 30, 2023. The Company also reported a net income of $922,343 and $685,168 for the same periods. The total revenues increased by 16% and 8% for the three and six months, respectively. The Company expects to add revenues from Alchemy Markets acquisitions in the next half of the fiscal year.

FDCTech, Inc. announces a 157% increase in technology business, resulting in a 79% overall gross profit increase. The net loss decreased by 41% and cash on hand is $139,844 as of March 31, 2023.

FDCTech, Inc. reported significant growth in its fiscal year-end results for December 31, 2022. The company achieved a 1,310% increase in annual revenue, amounting to $6,453,732, and a 2,310% increase in gross margin, reaching $1,018,940. Technology revenues rose by 108% to $626,000.

Despite this impressive revenue growth, FDCTech experienced a net loss of $1,043,045, although this represents a 40% decrease from the previous year's loss. The net loss as a percentage of revenue improved significantly from 379% to 16%. The company's cash balance also increased to $264,829 from $93,546 year-over-year. Upcoming acquisitions, including a stake in CIM Securities and NSFX Ltd., further illustrate the company's expansion strategy.

FDCTech, a fintech acquisition company, has amended the acquisition date for its purchase of a 50.10% stake in New Star Capital Trading Ltd. and its subsidiary NSFX Ltd. from December 31, 2022, to no later than June 30, 2023, complying with the BVI Companies Act. This acquisition allows FDCTech to consolidate NSFX's assets and liabilities once finalized. NSFX is regulated by the Malta Financial Services Authority and provides online trading services in multiple languages, offering clients access to currency, commodity, and cryptocurrency-linked derivatives. The firm aims to expand its digital financial services solutions and enhance its market presence.

FDCTech, Inc. (FDCT) has successfully acquired a 50.10% equity interest in New Star Capital Trading Ltd. and its subsidiary, NSFX Ltd., a Malta-regulated online trading brokerage. The acquisition expands FDCT's portfolio in digital financial services, leveraging NSFX's capabilities in margin trading across various financial assets. NSFX, authorized to operate as a market maker, is set to enhance FDCT's operational infrastructure. The acquisition draws on NSFX's audited financials, indicating minimal liabilities, which could strengthen FDCT's financial standing in the competitive fintech landscape.

FDCTech reported significant growth in revenue for the nine months ended September 30, 2022, with a remarkable increase of 1,980% compared to the previous year, totaling $4,597,097. Despite this growth, the company incurred a net loss of $1,002,849, although the net loss as a percentage of revenue decreased from 442.50% to 21.81%. Cash reserves improved to $246,064 from $93,546 at the end of 2021. FDCTech also announced plans to acquire an 80% equity interest in CIM Securities, marking a strategic move to expand its operations.