VERUS INTERNATIONAL SCHEDULES FISCAL 2019 FINANCIAL RESULTS CONFERENCE CALL
Gaithersburg, MD, April 02, 2020 (GLOBE NEWSWIRE) — Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) will conduct its Fiscal 2019 financial results conference call on Monday, April 13, 2020 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The Form 10-K (“10-K”) will be filed with the U.S. Securities and Exchange Commission prior to the call and will also include certain Fiscal 2019 Q4 results (through October 31, 2019).
A draft version of the 10-K is under review, however, the Company’s audit firm requires additional time to complete their final review process. As the first calendar quarter of every year is the busiest time of year for most audit firms, given the timing of this audit was outside of the Company’s regular audit timeline, the overall timing from the Company’s audit firm engagement date to expected filing date is the same period of time experienced for prior year audits. Based on preliminary results, Verus can report the following:Q4 fiscal 2019 will represent another record quarter;Revenue growth will be triple digit for the fifth quarter in a row; andGross margins will show continued improvement“We are pleased to share that the 10-K is almost complete. As this is a very busy time of year for our auditor we had to defer to their available resources and preexisting commitments,” said Verus CEO Anshu Bhatnagar. “Assurance Dimensions was very accommodating in adding us to their schedule on short notice and the 10-K process has gone well, given the circumstances. As previously shared, we plan to conduct our most comprehensive earnings call to date, with a new slide-based format that will give investors a better understanding of our business. We appreciate everyone’s patience during these extraordinary times.”Financial Results and Corporate Update Conference CallVerus management will host a conference call for analysts and investors at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) on April 13, 2020 to discuss the Company’s financial results and future business plan.To listen to the live conference call, parties can use the following options:Join Zoom Meeting
https://zoom.us/j/881381554
Meeting ID: 881 381 554One tap mobile
+13126266799, 881381554# US (Chicago)
+19294362866, 881381554# US (New York)Dial by your location
+1 312 626 6799 US (Chicago)
+1 929 436 2866 US (New York)
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
+1 253 215 8782 US
+1 301 715 8592 US
Meeting ID: 881 381 554
Find your local number: https://zoom.us/u/a6O2Y7ZbSAn archived webcast of the conference call will be accessible on the “Investor Relations” section of the Company’s website at www.verusfoods.com.About Verus InternationalVerus is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S., South America, and the Middle East. The Company trades on the OTC market (OTCQB: VRUS). Investors can find real-time quotes and market information for the Company on www.otcmarkets.com. Additional information is also available at the Company’s website, www.verusfoods.com, and via the official Twitter feed @Verus_Foods and the Big League Foods subsidiary Twitter feed @BigLeagueFoods.Safe Harbor StatementThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com
A draft version of the 10-K is under review, however, the Company’s audit firm requires additional time to complete their final review process. As the first calendar quarter of every year is the busiest time of year for most audit firms, given the timing of this audit was outside of the Company’s regular audit timeline, the overall timing from the Company’s audit firm engagement date to expected filing date is the same period of time experienced for prior year audits. Based on preliminary results, Verus can report the following:Q4 fiscal 2019 will represent another record quarter;Revenue growth will be triple digit for the fifth quarter in a row; andGross margins will show continued improvement“We are pleased to share that the 10-K is almost complete. As this is a very busy time of year for our auditor we had to defer to their available resources and preexisting commitments,” said Verus CEO Anshu Bhatnagar. “Assurance Dimensions was very accommodating in adding us to their schedule on short notice and the 10-K process has gone well, given the circumstances. As previously shared, we plan to conduct our most comprehensive earnings call to date, with a new slide-based format that will give investors a better understanding of our business. We appreciate everyone’s patience during these extraordinary times.”Financial Results and Corporate Update Conference CallVerus management will host a conference call for analysts and investors at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) on April 13, 2020 to discuss the Company’s financial results and future business plan.To listen to the live conference call, parties can use the following options:Join Zoom Meeting
https://zoom.us/j/881381554
Meeting ID: 881 381 554One tap mobile
+13126266799, 881381554# US (Chicago)
+19294362866, 881381554# US (New York)Dial by your location
+1 312 626 6799 US (Chicago)
+1 929 436 2866 US (New York)
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
+1 253 215 8782 US
+1 301 715 8592 US
Meeting ID: 881 381 554
Find your local number: https://zoom.us/u/a6O2Y7ZbSAn archived webcast of the conference call will be accessible on the “Investor Relations” section of the Company’s website at www.verusfoods.com.About Verus InternationalVerus is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S., South America, and the Middle East. The Company trades on the OTC market (OTCQB: VRUS). Investors can find real-time quotes and market information for the Company on www.otcmarkets.com. Additional information is also available at the Company’s website, www.verusfoods.com, and via the official Twitter feed @Verus_Foods and the Big League Foods subsidiary Twitter feed @BigLeagueFoods.Safe Harbor StatementThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com
