- CIIX CEO Warren Wang’s FY2020 projections are driven by forecasts of increased sales of CBD and planned merger/acquisition activities in Asian markets
- CIIX is also exploring retail space and expanding targeted advertising
- CIIX’s core revenue source is educational services for the Chinese-speaking investment community, including websites, radio and TV
ChineseInvestors.com Inc. (OTCQB: CIIX) CEO Warren Wang projects that the company’s sales will reach $11-12 million in FY2020, the 12 months ending in May 2020. Wang made the projection in a wide-ranging interview on the Redchip Money Report with host Dave Gentry, broadcast on YouTube (http://cnw.fm/fM0Gk).
While CBD plays an important role in the growth of CIIX, Wang reminded viewers that the diverse company has numerous services focusing on delivering daily financial investment news through its online information portal, radio and TV shows, as well as online/offline cryptocurrency investment classes. The company’s website, ChineseFN.com (http://cnw.fm/y4mDm), has a following of more than 100,000 registered users and 5,000 subscribers.
Wang is also optimistic about the future of CBD, noting, “We believe this is like the dot com (boom) in 1993, with CBD products booming, and there is a lot of chance for us to enter into this market.” He noted CIIX’s opening of a pop-up kiosk in the Glendale (California) Galleria Mall (http://cnw.fm/CSNz0) as an example of the company’s plans to grow.
“There are over four million Chinese Americans and Chinese Canadians in North America,” Wang continued. “Our growth plan is to try to use different advertising methods to open the retail shop to expand our sales.” To that end, Wang said that CIIX is expanding its advertising budget to focus on campaigns focused on holiday gift-giving events, such as Mother’s Day and Father’s Day.
Internationally, Wang indicated that the company is eyeing acquisition/merger activity in the Asian marketplace in the future.
CIIX is a diverse company that offers its audience of Chinese-speaking investors real-time market commentary, analysis and education-related services in Chinese character language sets.
For more information, visit the company’s website at www.ChineseInvestors.com
NOTE TO INVESTORS: The latest news and updates relating to CIIX are available in the company’s newsroom at http://cnw.fm/CIIX
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