TAREN POINT, Australia, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, will release its fiscal year 2023 earnings results on Monday, October 30, 2023, after the market closes. The company will host an investor conference call and webcast to discuss the results at 8:30 a.m. (Eastern Time) on Tuesday, October 31, 2023, before the market opens. A live webcast of the conference call will be available on the company's investor relations website at https://www.fitellcorp.com/investorrelations-ep, along with the company's earnings press release and slide presentation. To access the call

TAREN POINT, Australia, April 03, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) (the "Company"), an online retailer of gym and fitness equipment in Australia, today announced that on April 2, 2025, it has received a letter (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that for the last 30 consecutive business days the closing bid price of the Company's ordinary shares was below $1.00 per share, which is the minimum closing bid price required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The Notification Letter has no immediate impact on the

TAREN POINT, Australia, March 26, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, announced on March 24, 2025 that it will hold its Extraordinary General Meeting of Shareholders (the "EGM") on April 9, 2025 at 10:00 a.m., local time, at Level 17, Tower 2, Lumia International Building, No.181 YanjiangXi Rd, Guangzhou, People's Republic of China. In connection with the contemplated EGM, on March 24, 2025, the Company distributed to shareholders of the Company a notice of EGM (the "EGM Notice"), in accordance with applicable provisions of the Cayman Islands laws. The ECM Notice includes the p

$4.0 million upfront with up to an additional $6.0 million of gross proceeds upon the exercise in full for cash of warrants TAREN POINT, Australia, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced the closing of its previously announced registered direct offering of 796,813 ordinary shares and an additional investment right to purchase up to 1,195,220 ordinary shares in the form of warrants, at a purchase price of $5.02 per ordinary share and associated warrant. The warrants have an exercise price of $5.02 per share, are exercisable immediately upon issuance and exp

$4.0 million upfront with up to an additional $6.0 million of gross proceeds upon the exercise in full for cash of warrants TAREN POINT, Australia, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced that it has revised certain terms of its previously announced registered direct offering. Pursuant to the revised terms, the Company has agreed to issue and sell an aggregate of 796,813 ordinary shares and an additional investment right to purchase up to 1,195,220 ordinary shares in the form of warrants, at a purchase price of $5.02 per ordinary share and associated warr

TAREN POINT, Australia, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced that it has entered into a definitive agreement with an institutional investor for the issuance and sale in a registered direct offering of an aggregate of 1,992,032 ordinary shares and warrants to purchase up to 1,992,032 ordinary shares, at a purchase price of $5.02 per ordinary share and associated warrant. The warrants will have an exercise price of $5.02 per share, will be exercisable immediately upon issuance and will expire five years following the issaunce date. The offering is expected

TAREN POINT, Australia, March 05, 2024 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced its half-year financial results for the six months ended December 31, 2023. Six-month Period ended December 31, 2023 Financial Highlights Revenue was $2.1 million, a decrease of $0.9 million or 30.5% compared to the same period in 2022.Gross profit was $0.85 million, a decrease of $745,555 or 46.8% from the same period in 2022. Revenue by Categories vs. Same Period of Prior Year  RevenueChange from Six-month Period ended December 31, 2022 US$%US$%Merchandise revenue2,007,56294.6%(144,310)-6.

TAREN POINT, Australia, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, announced that the Company entered into a securities purchase agreement (the "Purchase Agreement") with an investor on January 15, 2024. Pursuant to the Purchase Agreement filed with the Securities Exchange Commission on Form 6-K, the Company issued to the investor a three-year senior unsecured convertible promissory note in the principal amount of US$3,600,000 for the funding amount of US$3,312,000. This placement is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Secu

TAREN POINT, Australia, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced its 2023 annual financial results for the fiscal year ended June 30, 2023. Fitell's Chief Executive Officer, Yinying "Sam" Lu commented, "Fitell's mission is to build an ecosystem with a whole fitness and wellness experience powered by technology. This mission guides our strategic decisions and underscores our commitment to creating value for our shareholders. Furthering this perspective, Jamarson Kong, Fitell's Chief Financial Officer, noted, "Throughout fiscal year 2023, we navigated several

TAREN POINT, Australia, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, will release its fiscal year 2023 earnings results on Monday, October 30, 2023, after the market closes. The company will host an investor conference call and webcast to discuss the results at 8:30 a.m. (Eastern Time) on Tuesday, October 31, 2023, before the market opens. A live webcast of the conference call will be available on the company's investor relations website at https://www.fitellcorp.com/investorrelations-ep, along with the company's earnings press release and slide presentation. To access the call

Taren Point, New South Wales, Australia, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced that Fitell's board of directors promoted general manager of GD Wellness Pty Ltd ("GD Wellness"), its sole operating subsidiary in Australia, and director, Ms. Yinying "Sam" Lu, to CEO of the Company, effective October 23, 2023. Fitell's current CEO and director, Mr. Guy Robertson, will step down from the positions of CEO and director due to, his increasing commitments to several other companies and board directorships. A board member since April 2022, Sam Lu has served as Ge