WorldVentures posts $1.75 million net loss for February, zero revenue

By Sarah Lizee

Olympia, Wash., March 23 – Spherature Investments LLC, which does business as WorldVentures, reported a $1.75 million net loss on zero net revenue for the February period, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of Texas.

In comparison, the company posted a $1.36 million net loss for January, also on zero net revenue.

The company had $306,173 in cash as of Feb. 28, compared to $84,000 at the end of January.

Plano, Tex.-based WorldVentures sells travel and lifestyle community memberships. The company filed bankruptcy on Dec. 21 under Chapter 11 case number 20-42492.

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