GoooGreen Announces the Commencement of Revenues and Significant Balance Sheet Improvement for Its Third Quarter 2020 Financial Statement
GoooGreen, Inc. (OTC: GOOO) announced its financial results for Q3 2020, demonstrating a significant improvement in its balance sheet and the commencement of revenues. As of September 30, 2020, cash and cash equivalents rose to $597,000 from $1,000 in 2019, total assets increased to $6,665,000 from $1,000, and stockholders' equity improved to $5,670,000 from a deficit of $177,000. The company reported revenues of $2,000 compared to zero in the previous year. CEO Tom Terwilliger highlighted the potential growth due to increased legal sports betting in the U.S.
- Cash and cash equivalents increased to $597,000 from $1,000 year-over-year.
- Total assets rose to $6,665,000 from $1,000 year-over-year.
- Stockholders' equity improved significantly to $5,670,000 from a deficit of $177,000.
- Generated $2,000 in revenue, an increase from $0 in the previous year.
- Revenues of $2,000 remain low and may raise concerns about the company's ability to scale operations.
RENO, NV / ACCESSWIRE / November 16, 2020 / GoooGreen, Inc. (OTC PINK:GOOO) a Nevada corporation through its subsidiary VegasWINNERS, Inc., which provides sports betting enthusiasts with the highest quality analysis, research, data, guidance and professional advice, announces the commencement of Revenues and significant balance sheet improvement for its September 30th, 2020 financial statement.
THIRD QUARTER HIGHLIGHTS
Cash and Cash Equivalents of
Total Assets of
Total Stockholders' equity of
Revenues of
The Company will not hold an earnings conference call at this time. The Company plans to hold a conference call at a future date to discuss its business plan. To view the entire financial report, please see https://backend.otcmarkets.com/otcapi/company/financial-report/263282/content.
Tom Terwilliger, CEO of GoooGreen stated "Since the recent acquisition of VegasWINNERS, we've dramatically improved our Balance Sheet and started generating Revenues. While the COVID-19 pandemic has continued to negatively impact the economy, we've been extremely diligent and focused on executing our business plan to capitalize on the significant increase in number of Americans legally able to wager on sports due to the United States Supreme Court decision allowing states to legalize sports betting. Twenty-two states plus Washington DC. have already legalized sports wagering. We believe that as a result of the increased ability to bet, new sports bettors will, just as sports bettors have for years, seek professional advice to make winning wagers. Our business plan is to fill that need."
ABOUT GOOOGREEN, INC.
GoooGreen, Inc. (OTC "GOOO") through its operating subsidiary VegasWINNERS, Inc. (www.vegaswinners.com) is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. Revenues are expected to accelerate due to the explosion of sports handicapping arising from the 2018 Supreme Court decision that States have the right to approve sports gambling and the resulting State by State rapid approval of sports gambling. For more information please visit GoooGreens website at https://vegaswinners.com/ and on social media at https://twitter.com/vegaswinnersinc.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
FOR MORE INFORMATION, PLEASE CONTACT:
Michael Handelman
Chairman
mhandelmangroup@gmail.com
(805) 341-2631
SOURCE: GoooGreen Inc.
View source version on accesswire.com:
https://www.accesswire.com/616811/GoooGreen-Announces-the-Commencement-of-Revenues-and-Significant-Balance-Sheet-Improvement-for-Its-Third-Quarter-2020-Financial-Statement
FAQ
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