RIWI Reports Strong Third Quarter Financial Results: Continued Revenue Growth and Profitability

Continued Revenue Growth and Profitability

Toronto, ON – RIWI Corp. (CSE: RIW) (the “Company” or “RIWI”), a global trend-tracking and prediction technology firm, reported its financial results for the three- and nine-month periods ended September 30, 2018. The Company’s financial results are highlighted by its continued revenue growth trend this year, generating US$360,000 in revenue in the first quarter of 2018, US$691,000 in the second quarter of 2018, and US$807,000 in the third quarter. RIWI was profitable in the three months ended September 30, 2018, generating US$299,000 in net income. RIWI was also profitable over the nine months ended September 30, 2018, generating US$150,000 in net income. “The RIWI team focuses on signing new long-term contracts and establishing strong recurring revenue streams,” said Neil Seeman, RIWI’s CEO. “This inflection point in growth comes at a time when RIWI is increasingly responding to inbound requests from long-term clients that have rigorously tested our products and now see RIWI as a ‘must-have’ privacy-compliant data collection platform,” he added. RIWI’s Condensed Interim Financial Statements and Management Discussion and Analysis for the threeand nine-month periods ended September 30, 2018 and 2017, are available via RIWI’s website at https://riwi.com and on SEDAR at www.sedar.com. A recent video interview with RIWI’s CEO, in which Mr. Seeman discusses the Company’s four business lines, growth drivers and recurring sales model, may be found at RIWI’s homepage: https://riwi.com.