Wealth Dragons Group PLC - Shareholder Update April 2020
As the global COVID-19 pandemic continues to evolve, we want to update you on the current situation. First and foremost, our top priority is the health and safety of our employees and their families as well as our students and shareholders. Our thoughts go out to everyone who has been affected by the virus whether directly or indirectly.
We are facing many challenges and like many companies we have put in place work from home procedures for some employees as well as putting on furlough a large proportion of our staff in order to secure their positions for the future.
There are many uncertainties and we expect to see continued impact from the coronavirus pandemic.
Our revenue, like most, has been affected by the postponement of our events business. However, despite the impact of COVID-19 we have been able to continue with our marketing to increase the numbers wishing to attend our events when we are permitted to resume with these events in the future.
On the other hand, people are now experiencing first hand the necessity for online businesses. Hence this is one of the reasons why we have worked relentlessly in the past four years raising funds and developing our online platforms. We feel that we are in a much better position to reap the benefits from our hard work and sacrifices for this eventuality. We are pleased to be announcing the launch of our new platform MEMBBY in the forthcoming few weeks.
MEMBBY has been developed to allow individuals to publish their contents online and monetise. This service is in huge demand at present as many people are now considering making an income from home in the absence of job security.
I believe our management team has the experience, confidence and strategy to drive the company forward through these challenging times. We will continue to closely monitor our business and manage it responsibly considering the continuing economic climate.
I hope you all stay safe and healthy.
- Chairman, Wealth Dragons Group PLC