840% e-commerce transaction growth Q1 or higher
SAN FRANCISCO, Calif., Oct. 28, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain Co., Ltd. (OTCQB: RKFLMore) (“RocketFuel” or the “Company”), a global provider of ACH bank transfer, Bitcoin and other cryptocurrency payment solutions, today announced its provisional announced financial results.
Preliminary Second Quarter Results
We are pleased to announce that the number of e-commerce transactions we processed increased by 840% in the second quarter compared to the first quarter. The increase in transactions increased his Q2 earnings significantly over Q1.
RocketFuel CEO Peter Jensen commented: It’s great to see that our sales strategy of selling indirectly through partners such as payment processors is paying off. During the quarter, more and more of our partner merchants went live and used our e-commerce solution to enhance their crypto payment acceptance. We are happy to validate B2B cross-border money transfers. “
Starting in June 2023, RocketFuel has generated over $1 million in transaction volume in final testing of its new B2B cross-border money transfer product with a small number of early adopters. The final version is expected to be released later this year and we expect to see increased revenue from this new product.
Investor Update phone
RocketFuel will host an investor update on Thursday, November 3, 2022 at 8:00 AM PT to present its latest product status and strategic and growth plans.Investors can attend the session at us06web.zoom.us/j/8114210933A webcast of the presentation is available on RocketFuel’s website at: www.RocketFuelBlockchain.com/investor-relationsThe webcast will also be archived and made available for playback after the event is complete.
Another investor update to discuss second quarter 2023 results will be available by mid-November, following the filing of the quarterly report on Form 10-Q.
about RocketFuel Blockchain,Ltd
RocketFuel is a global payment solutions company that provides online shoppers with a simple, easy-to-use one-click checkout process that accepts payments in bank transfers, Bitcoin, and over 50 cryptocurrencies. RocketFuel offers a highly secure and efficient shopping cart experience with significantly lower fees for merchants and the advantage of no chargebacks or card rejections. RocketFuel’s solutions focus on improving speed, security, and ease of use while eliminating the risk of data breaches and enhancing customer privacy protection. Shoppers at RocketFuel-powered online stores enjoy a seamless checkout and forget the clumsy cart paradigm of the past. RocketFuel merchants can implement new impulse buying schemes and create new sales channels not available with other current e-commerce his solutions. For more information on RocketFuel, please visit: www.RocketFuelBlockchain.com
Disclaimer of forward-looking statements:
We believe this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. “project”, “estimate”, “pro forma”, “forecast”, “possibility”, “strategy”, “forecast”, “try”, “development”, “plan”, “support”, “believe”, The words “continue,” “intend,” “expect,” “future,” and similar significant terms (including the negative of these terms) may identify forward-looking statements. Such forward-looking statements, including, but not limited to, statements regarding management’s future business plans and objectives, are based on management’s current expectations and are substantially different from forward-looking statements. Subject to risks and uncertainties that may lead to different results. Actual results, timing of particular events or circumstances may differ materially from those set forth in forward-looking statements as a result of these risks and uncertainties. Factors that may affect or contribute to the accuracy of forward-looking statements or cause actual results to differ materially from those anticipated or desired include market conditions for the Company’s products and services. Including but not limited to acceptance. Competition from existing products or new products that may emerge. Implementation of the company’s business model and strategic plans for its business and products. Estimates of the company’s future revenues, expenses, capital requirements and funding needs. Current and Future Government Regulations. Developments related to the Company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements due to the risks and uncertainties associated with them. Further information regarding such risks and uncertainties is available from the Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K for the fiscal year ended March 31, 2022 and its quarterly reports. ) to review company filings. Report on Form 10-Q for the June 2022 fiscal quarter. We undertake no obligation to update any forward-looking statements, whether as a result of new information or future events or developments, except as required by law.
For more information, please contact:
Ben Jankowitz, CFO
ClearThink Investor Information