Business Description
Fortune Valley Treasures, Inc. (formerly Crypto-Services, Inc.) was incorporated
in the State of Nevada as a for-profit company on March 21, 2014 and established
a fiscal year end of August 31. We are a development-stage Company established
to offer an information based website at www.digitalcoindaily.com that would
provide users with up-to-date information on the leading digital currencies.
We purchased the URL www.digitalcoindaily.com and plan to launch a website to
provide daily news and updates for users of digital currencies. Some of the
information we intend to provide included: information on the major digital
currency exchanges including their current exchange rates, fee structures and
volumes; news on major legal developments surrounding digital currencies, adoption
of digital currencies by major retailers and other institutions and development
of new hardware and software targeted at servicing digital currency users. We
plan to generate revenue by advertising and referral fees.
We are a development stage entity devoting substantially all of our efforts
to establishing a new business for which our planned principal operations have
not yet commenced. We believe our current equity at risk is sufficient to finance
our current activities.
Our auditors have issued a going concern opinion on our audited financial statements
for the year ended August 31, 2017. This means that there is substantial doubt
that we can continue as an on-going business for the next twelve months unless
we obtain additional capital to pay our bills. This is because we have not generated
any revenues and no revenues are anticipated until we launch our business platform.
There is no assurance we will ever reach this point. Accordingly, we must raise
cash from other sources. Our only other source for cash at this time is investments
by others or loans from our shareholders or officers. We have no assurances
that such loans will become available upon acceptable terms when the funds are
required for our operations.
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