840% Progress in E-Commerce Transactions over Q1

San Francisco, CA, Oct. 28, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain Inc. ( RKFL) (“RocketFuel” or the “Firm”), a world supplier of cost options through ACH financial institution transfers, Bitcoin and different cryptocurrencies, in the present day introduced preliminary monetary outcomes for its second fiscal quarter, ended September 30, 2022.

Preliminary Second Quarter Outcomes

The Firm is happy to announce that the variety of e-commerce transactions that the Firm processed elevated 840% in Q2 over Q1. The rise in transactions result in a major enhance in income in Q2 over Q1.

CEO’s Remarks

Peter Jensen, Chief Govt Officer of RocketFuel, commented, “We’re thrilled with our current acceleration in transactions and transaction quantity, which actually picked up steam towards the tip of the quarter. It’s nice to see that our gross sales technique to promote not directly by Fee Service Suppliers and different companions is producing constructive outcomes. In the course of the quarter, an increasing number of companions’ retailers went reside and ramped their acceptance of crypto funds utilizing our e-commerce answer. Moreover, we’re excited that early adopters have validated our second product and income stream: B2B cross border remittance”

Starting June 2022, RocketFuel generated higher than $1 million in transaction quantity in remaining exams of its new B2B cross border remittance product with a handful of early adopters. The ultimate model is deliberate for launch later this 12 months, anticipating to drive incremental income from this new product.

Investor Replace Name

RocketFuel shall be holding an investor replace on Thursday, November 3, 2022, at 8:00 AM Pacific time, to current its newest product standing and strategic and progress plans. Traders could be part of the session at us06web.zoom.us/j/8114210933. A webcast of the presentation shall be out there on RocketFuel’s web site at www.RocketFuelBlockchain.com/investor-relations. The webcast may also be archived and out there for replay following the completion of the occasion.

A separate investor replace to debate the Q2 FY2023 working outcomes will happen by mid-November after its quarterly report on Kind 10-Q is filed.

About RocketFuel Blockchain, Inc.

RocketFuel is a world funds answer firm that gives web shoppers with a easy, easy-to-use, one-click checkout course of that accepts funds with financial institution transfers, Bitcoin and 50+ cryptocurrencies. RocketFuel delivers a extremely safe and environment friendly purchasing cart expertise with considerably low charges for retailers, together with the advantages of no chargebacks and no card declines. RocketFuel’s options give attention to enhanced buyer privateness safety eliminating the chance of a knowledge breach whereas bettering pace, safety, and ease of use. Buyers on RocketFuel powered on-line shops get pleasure from seamless check-out and neglect the clunky cart paradigm of the previous. RocketFuel retailers can implement new impulse shopping for schemes and generate new gross sales channels which are unavailable in different present-day e-commerce options. Extra details about RocketFuel is out there at: www.RocketFuelBlockchain.com

Ahead-Wanting Statements Disclaimer:

The Firm believes that this press launch accommodates forward-looking statements as that time period is outlined within the Non-public Securities Litigation Reform Act of 1995. Phrases similar to “could,” “would possibly,” “would,” “ought to,” “may,” “venture,” “estimate,” “pro-forma,” “predict,” “potential,” “technique,” “anticipate,” “try,” “develop,” “plan,” “assist,” “imagine,” “proceed,” “intend,” “anticipate,” “future,” and phrases of comparable import (together with the destructive of any of those phrases) could establish forward-looking statements. Such forward-looking statements, together with however not restricted to statements concerning the plans and aims of administration for future operations, are primarily based on administration’s present expectations and are topic to dangers and uncertainties that would trigger outcomes to vary materially from the forward-looking statements. Precise outcomes and the timing of sure occasions and circumstances could differ materially from these described by the forward-looking statements because of these dangers and uncertainties. Components which will affect or contribute to the accuracy of the forward-looking statements or trigger precise outcomes to vary materially from anticipated or desired outcomes could embrace, with out limitation, market acceptance of the corporate’s services and products; competitors from present merchandise or new merchandise which will emerge; the implementation of the corporate’s enterprise mannequin and strategic plans for its enterprise and our merchandise; estimates of the corporate’s future income, bills, capital necessities and want for financing; present and future authorities laws; and developments referring to the corporate’s rivals. Readers are cautioned to not place undue reliance on forward-looking statements due to the dangers and uncertainties associated to them. For additional data on such dangers and uncertainties, you might be inspired to evaluate the Firm’s filings with the Securities and Trade Fee (“SEC”), together with its Annual Report on Kind 10-Okay for the fiscal 12 months ended March 31, 2022 and its Quarterly Report on Kind 10-Q for the fiscal 12 months quarter June, 2022. The Firm assumes no obligation to replace any forward-looking statements because of new data or future occasions or developments, besides as required by legislation.

For extra data, please contact:

Company:
[email protected]

Traders:
Ben Yankowitz, CFO
[email protected]

ClearThink Investor Relations
[email protected]

ti?nf=ODY4NDc3NSM1MjMxMTIzIzIwOTA5OTk=
RocketFuel-Blockchain.png


Source link