Fireswirl Announces 2017 Q3 Financial Results

VANCOUVER, Nov. 28, 2017 /CNW/ - Fireswirl Technologies Inc. (TSXV: FSW), "the Company", today announced its financial results for the third quarter ended September 30, 2017.  All figures are quoted in Canadian dollars. Financial statements and accompanying MD&A are available on SEDAR.

Financial Highlights for Q3:

• For the three months ended September 30, 2017 ("Q3 2017"), total operating income was $143,194 compared to $16,043 for the same period in 2016 ("Q3 2016").
• Net loss from continuing operations was $330,830 in Q3 2017 compared to $318,662 for the same period in 2016.
• Net loss was $330,830 in Q3 2017 compared to $295,887 for the same period in 2016.
• The Company had a total net loss attributable to common shareholders of the Company of $292,178 compared to $307,275 for the same period in 2016.

"The management team is continuing to expand its customer base in Asia and North America," Stated Henry Au, CEO, "We are pleased with the acquisition of AMZON and will continue to strengthen our competitive advantages."

About Fireswirl and AMZON

Fireswirl Technologies Inc. (TSXV: FSW) is focused on creating transactional revenue by engineering electronic and mobile commerce solutions for content providers. The Company's technology has broad applications for solutions requiring multiple payment interfaces, multicurrency and multi-language capabilities. Our solutions can be adapted to any industry seeking high volume or micro-payment solutions involving a wide base of users through internet or wireless applications.

AMZON is one of the leading multimedia solution providers in Hong Kong.  With its strong technological base, we have established long term business relationships with multi-billion enterprises such as Mass Transit Railway Corporation ("MTRC"), New World Development Company Limited ("New World Group") and China Overseas Holding Ltd. ("COHL").  AMZON has been deploying creative multimedia solutions for clients in sales & marketing as well as corporate and brand communication.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. This news release contains certain forward-looking statements that reflect the current views and/or expectations of Fireswirl Technologies Inc. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, general demand, competition and our ability to implement our business plans and strategies in a timely manner or at all. These risks, as well as others, could cause actual results and events to vary significantly. Fireswirl Technologies Inc. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

SOURCE Fireswirl Technologies Inc.

Further information can be found on the company at: www.fireswirl.com or contact: Fireswirl Technologies Inc., Ji Yoon, Interim CFO, Telephone: [phone], Fax: [phone], Email: [email protected], Website: www.fireswirl.com