Netcapital Inc (NCPL)

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ValueSetters Announces Positive Operating Cash Flow for First Quarter of 2019
Highlights:

Positive operating cash flow of $17,153

4,655% increase in revenues

Operating loss reduction of 93%

83% reduction in interest expense

Total debt reduction of $6,864



BOSTON, MA. -- September 10, 2018 -- InvestorsHub NewsWire -- ValueSetters, Inc. (USOTC:VSTR) announced positive operating cash flow of $17,153 for the first quarter of fiscal 2019. "Although we have not yet achieved profitability on an operating basis, we were pleased to report positive operating cash flow this quarter, as a direct result of the growth in our consulting business," said Cecilia Lenk, CEO. "In addition, we were able to reduce our operating loss to less than $5,000 and begin the process of deleveraging our balance sheet. Revenue growth was significant, up almost 4,700%, and we are seeing a pickup in the number of business referrals from existing clients. One such client, KingsCrowd, was able to sell out their equity crowdfunding offering during the quarter, with our assistance. We earned consulting fees on this transaction and received a significant equity stake in the company. Our pipeline remains solid, and given the improvement in both the number and the quality of our client base, we are optimistic about our future growth prospects."



For additional disclosure regarding operating results, please refer to the Quarterly Report on Form 10-Q for the period ended July 31, 2018, which has been filed with the Securities and Exchange Commission.



About ValueSetters:

Led by a team of professional investors and technology specialists, ValueSetters is a publicly- traded boutique advisory firm with unique expertise in helping early stage companies raise capital over the internet. The company also provides technology consulting services as well as strategic advice to help companies grow and evolve to meet the challenges of today's marketplace. For more information, visit our website at http://valuesetters.com.