Vestiage, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
March 11, 2014 at 04:00 am
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Vestiage, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported revenues of $24,603 against $905 a year ago. Loss from operations was $332,255 against $23,521 a year ago. Loss before income taxes was $375,970 against $23,728 a year ago. Net loss was $375,970 against $23,728 a year ago.
For the year, the company reported revenues of $29,426 against $18,273 a year ago. Loss from operations was $536,115 against $57,307 a year ago. Loss before income taxes was $587,670 against $57,514 a year ago. Net loss was $588,470 against $57,514 a year ago. Net cash used in operating activities was $653,583 against $56,836 a year ago. Purchase of equipment was $10,658 against $1,900 a year ago. Purchase of intangible assets was $1,525,000.
Vestiage, Inc. is a developmental stage company. The Company is in the fitness event planning industry. The Company specialize in the planning of events and competitions for fitness gyms within the functional fitness space. It sponsors competitions within local communities and organize events, such as parties and educational seminars. Its services include competition planning, vendor organization, food services, securing competition equipment and volunteers to work the event. It also plans parties for local gyms such for holiday and new member celebrations. The Companyâs subsidiary is Fun Fitness Corporation.
VESTIAGE, INC. 
