Right of Reply Announces the Launch of a New Website and an Update on the 31 March 2018 Financial Results

LONDON, April 18, 2018 /PRNewswire/ --

New Website 

Right of Reply Ltd. ("Right of Reply" or "ROR"), a company providing technical solutions to the problems of Cyber Defamation and Fake News is pleased to announce the launch of a new website -http://www.rightofreply.news.

The website has information and videos about ROR's products and services. The "Investors" page contains useful information available to our current shareholders and future investors participating on the IPO listing. The investor section will have all of the available timely information and documents with complete and full transparency. This transparency is a key value of ROR and is at the heart of not only our products but also of our management, shareholders and investors.

Consolidated Financial Group results 

ROR is also pleased to announce the first unaudited consolidated Financial results for 31 March 2018.

        
        - Revenue increased from zero at 31 December 2017 to $945,073 for the first quarter
          2018, representing revenues of $3,780,000 on a full yearly basis.
        - Our net shareholder equity has increased from $145,366 at 31 December 2017 to
          $3,045,000 at 31 March 2018.

Thomas Brooks, CEO, Right of Reply Ltd.: "We are very pleased with the progress made including the new acquisitions and their subsequent integration into Right of Reply. These achievements are especially remarkable as they occur in parallel with the preparation of our IPO. We are coming to the market as the need for real solutions to cyber defamation and fake news is exceptionally growing. The new combined team is laser focused on building and deploying the best tools possible to allow truth to be distinguishable in the digital world."

        
        RIGHT OF REPLY                                     ROR CONSOLIDATED
        Unaudited Balance sheet                                  03.31.2018
                                                                  $
        ASSETS
        FIXED ASSETS
        Intangible fixed assets
        Industrial patent and intellectual property rights           49,619
        Intangibles in progress and payments on account              11,618
        Tangible fixed assets
        Other tangible assets                                        61,577
        Investment
        Other receivables                                             4,425
        Goodwill - Non controlling interest                       2,271,667
                                        TOTAL FIXED ASSETS        2,398,906
        CURRENT ASSETS
        Receivables
        Other                                                       367,093
        Cash at bank and on hand
        Bank deposits                                               279,000
                                      TOTAL CURRENT ASSETS          646,093
                                              TOTAL ASSETS        3,045,000
        LIABILITIES AND SHAREHOLDERS' EQUITY
        SHAREHOLDERS' EQUITY
        Share Capital                                                93,211
        Reserve                                                   1,528,757
        Share premium reserve                                        27,270
        Additional paid in capital                                2,476,321
        Retained earnings (accumulated deficit)                 (2,109,344)
        Net income (loss) for the accounting period               (329,225)
        TOTAL SHAREHOLDERS' EQUITY                                1,686,990
        PAYABLES
        Suppliers
        - amounts due within 12 months                              973,654
        Bank                                                         10,231
        Tax                                                          97,426
        Other
        - amounts due within 12 months                              276,698
                                                                  1,358,009
        TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                3,045,000

        
        RIGHT OF REPLY                       ROR CONSOLIDATED
        Unaudited Income Statement                 03.31.2018
                                                    $
        Sales Revenues                                945,073
        Others                                             43
        TOTAL REVENUE                                 945,117
        OPERATING COSTS
        Service costs                               1,269,960
        TOTAL COSTS                                 1,269,960
        FINANCIAL INCOME AND EXPENSES
        Interest and other financial charges
        - other                                         3,477
        PROFIT BEFORE TAXES                         (328,320)
        INCOME TAXES                                      777
        PROFIT/LOSS FOR PERIOD                      (329,098)
        Exchange Rates                                  (128)
        PROFIT/LOSS FOR PERIOD                      (329,225)

For more information, please contact info@rightofreply.news.

SOURCE Right of Reply