|By Marketwired .||
|July 14, 2014 07:04 AM EDT||
BOCA RATON, FL -- (Marketwired) -- 07/14/14 -- New World Gold Corporation (PINKSHEETS: NWGC), a gold mining and milling company with existing mining and milling operations in Ecuador and Peru projects that it will have increased profits for the second quarter ending June 30,2014 compared to the second quarter June 30,2013.
For the second quarter ended June 30, 2013, the Company reported revenues of $3,641,305. For the second quarter ended June 30, 2014, the Company is projecting revenues of $4,990,000, an increase of 37% for the second quarter of 2014. For the second quarter ending June 30, 2013, the Company reported net profits of $822,172. For the second quarter ending June 30, 2014, the Company is projecting net profits of at least $1,100,000, an increase of 33.8% over the net profits for June 30, 2013.
The Company projects that its financial results for the second half of 2014 will exceed the profits reported in 2013. The company will continue to increase its milling operation while further developing the mining operation.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol "NWGC." For further information, please contact the Company at (561)210 8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risk and uncertainties include but are not limited to product demand, market competition and New World Gold's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
New World Gold Corporation
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