Personas Provides Update on Year-End Financial Statements Filings

By May 2, 2023 Press Releases

2023-05-02 10:32:40 AM ET (Newsfile Corp)

The Company is proud to announce that the year ended December 31st, 2022

Toronto, Ontario–(Newsfile Corp. – May 2, 2023) – Personas Social Incorporated (TSXV: PRSN)Â(the “Company”) announces that the 2022 year end consolidated financial statements (“Financial Statements”) and Management’s Discussion and Analysis (“MD&A”) for the year ending ended December 31st , 2022, have been filed with SEDAR.

The Company is proud to announce that the year ended December 31st, 2022, saw a net profit of $102,982 compared to a loss of $3,897,701 in 2021.  Expenses decreases to $1,590,744 compared to $2,667,742 in 2021.  The year 2022 represents the first profitable year for the Company.

In 2023, Management will accelerate growth by continuing to market its legacy livestreaming service and by relaunching its Keek video-sharing platform in Spring 2023.  The Keek video sharing platform will be launched in the upcoming weeks.

Certain information provided in this news release is extracted from the Financial Statements and MD&A of the Company for the year ended December 31, 2022, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the Financial Statements and MD&A that an investor can properly analyze this information.

For further information, please contact:

Personas Social Incorporated
Mark Itwaru
Chairman & Chief Executive Officer
Mark Itwaru

Forward-Looking Statements

This news release contains forward-looking statements relating to the expected timing of the filing of the Annual Filings.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation’s expectations are risks detailed from time to time in the filings made by the Corporation with securities regulations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Corporation will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

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