Truli Media Group, Inc. (OTCQB: TRLI), parent company of Truli.Net,
a global faith-based & family friendly media content platform
and social community hub, today announced it has signed an
agreement with Metan Development Group ("Metan") in which Metan
will provide Truli.Net with Mandarin language content.
Los Angeles-based Metan (www.metandevelopmentgroup.com) develops
television programming specifically for the Chinese marketplace and
is led by president/CEO Larry Namer, an entertainment industry
veteran with over 40 years professional experience in cable
television, live events and new media. Namer co-founded E!
Entertainment Television, a company now valued at over $3.5
billion.
"Truli.Net is focused on revenue, content and establishing our
global footprint," said Michael Jay Solomon, Founder, Chairman and
CEO of Truli Media Group. "Today, we are implementing e-commerce,
VOD premium content streaming technologies and payment systems
including PayPal™ which are beginning to produce preliminary
revenue that I expect to ramp up sharply in the first quarter.
"When it comes to worldwide reach," Mr. Solomon continued, "we
have to be in the Mandarin language market. There are an estimated
50 to 60 million Mandarin speaking people living outside China that
Truli.Net will serve, and we want to have as much quality Mandarin
content as possible. There is no better partner for Mandarin
content than Metan with its entire veteran management team. We are
confident that our Truli.Net Mandarin initiative will begin
generating solid revenue streams next quarter boosting that of our
English language content. Spanish language will be our third major
language vertical in 2013."
Namer commented, "Michael is a pioneer in global media content
distribution. He introduced Western programming into China 25 years
ago. He was also the first person to distribute E! Entertainment
content internationally, which is how we met many years ago."
He added, "No one in the industry, anywhere, is better qualified
than Michael and his Truli.Net platform, to distribute our Mandarin
language productions through Internet-based media. I look forward
to a long and successful close collaboration with Truli Media
Group."
Under the terms of the non-exclusive agreement, Metan will
provide the Truli.Net digital media platform with Mandarin language
television programming, film, and premium video on demand (VOD)
content. Both companies will split all VOD revenue 50/50.
Metan will begin this month uploading all the episodes of its
hit Mandarin language series, Hello! Hollywood, to Truli.Net.
Hello! Hollywood is a weekly entertainment news show, bringing
Hollywood news, gossip, information and trends to China. The show
also covers Chinese pop culture that boasts over 45 television
stations broadcasting across China and reaches over one billion
people throughout China. In addition to China, Hello! Hollywood is
broadcast to Chinese audiences in New York, San Francisco and Los
Angeles. The US viewership hovers around six million
households.
Truli plans to add Mandarin language advertising to its Mandarin
language web pages with sophisticated ad software from companies
such as Baidu and Google. Accordingly, the Company expects revenue
from Mandarin language content will commence in the first quarter
of 2013, and to accelerate throughout the year providing a new,
potentially substantial, revenue stream.
About Hello! Hollywood Hello! Hollywood
reports on the latest in celebrity interviews and lifestyle news,
covering glamorous red carpet events, concerts and award shows and
offering up special insider tours of Hollywood's new hotspots and
exclusive television and movie set visits. Hello! Hollywood has
interviewed some of the world's top names from the world of
entertainment including Johnny Depp, Jackie Chan, Gwyneth Paltrow,
Cameron Diaz, Bruce Willis, Sylvester Stallone, Eva Longoria,
Taylor Lautner, Robert Pattinson, Kristin Stewart, David Beckham,
Zac Efron, Jeremy Renner, and Seth Rogan, among many others.
Hello! Hollywood also produced a series of segments surrounding
Disney's hit movie High School Musical China. Since its launch, the
series, the first of its kind in China, has attracted a number of
major multinational brands, including Philips, Colgate and
Ford.
About Metan Development Group Launched in
2009, Metan Development Group LLC is a venture created to develop
and distribute entertainment content and media specifically for
international markets. The company's founders are entertainment
industry veteran Martin Pompadur, E! Entertainment Television
co-founder Larry Namer and Amerilink founder Jean Zhang. Metan
first launched in early 2009, and since then has made incredible
inroads in developing the media market in China. Metan's flagship
series Hello! Hollywood premiered in September 2009 and today
reaches a potential one billion viewers on 45 stations in China and
nine in the United States and Canada. Hello! Hollywood is also
available on China's top Internet portals with an estimated four
million viewers weekly (www.metandevelopmentgroup.com).
About Truli Media Group Truli Media Group,
Inc., parent Company of Truli.Net, was founded by entertainment
industry veteran executive Michael Jay Solomon. With an iconic,
successful track record in developing and leading worldwide
television media distribution companies, Solomon is the former
co-founder, Chairman and CEO of Telepictures Corp, President of
Lorimar-Telepictures Corp and former President of Warner Bros.
International Television.
Truli.Net offers a single platform that is flexible and easy to
use to connect users enabling the delivery of relevant content to
the Evangelical community market of 100+ million people in the U.S.
(and 600+ million outside the U.S.) representing $4.3 billion of
annual gross industry sales. For more Truli.Net, go to its Facebook
and Twitter pages and join the conversation.
Safe Harbor Statement This news release
contains statements that involve expectations, plans or intentions
(such as those relating to future business or financial results,
new features or services, or management strategies) and other
factors discussed from time to time in the Company's Securities and
Exchange Commission filings. These statements are forward-looking
and are subject to risks and uncertainties, so actual results may
vary materially. You can identify these forward-looking statements
by words such as "may," "should," "expect," "anticipate,"
"believe," "estimate," "intend," "plan" and other similar
expressions. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of
certain factors not within the control of the company. The company
cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
The company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
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Contact Information Truli Media Group David
Kugelman (404) 856-9157 (866) 692-6847 Toll Free - U.S. &
Canada Metan Nicole Goesseringer Muj T: (310) 804-0964 E:
Email Contact
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