Truli Media Group, Inc. Announces Conversion of Total Long-Term Debt to Equity
February 06 2013 - 8:30AM
Marketwired
Truli Media Group, Inc. (OTCQB: TRLI), owner and operator of
faith-based and family media content platform and social community
hub Truli.Net, today announced that Michael Jay Solomon, the
founder and largest shareholder of Truli Media Group, will convert
all of Truli's existing long term debt owned by him to equity.
Mr. Solomon commented, "Now that we have received an impressive
welcome from the public with our user base currently reaching
700,000 people since our July 2012 launch, I feel it is fitting to
further underscore my confidence in Truli by converting 100% of my
loan to equity. As a largely debt-free company, I believe this
initiative will offer Truli many additional benefits, especially in
our plans for expanding our online content and increasing our user
base."
About Truli
Truli.net offers a unique distribution platform focused on
Christian and family-friendly content that is free for users to
view, interact and engage with, on any mobile apparatus such as
tablets, phones, smart TV, etc. Truli is free to ministries, as
thousands of sermons are delivered weekly, as well as individuals,
music videos, authors, film/television producers and educators
seeking to gain visibility and provide their content in a targeted
and relevant community linked by a shared belief. Truli offers a
single platform that is flexible and easy for users, connecting
them to the delivery of relevant content to the Evangelical
community market of 100+ million people in the U.S. (and 700+
million outside the U.S.) representing $43 billion of annual gross
industry sales in the U.S. alone.
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.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Investor Relations David Kugelman (404)
856-9157 Chuck Arnold (386) 409-0200
1933 Industries (QB) (USOTC:TGIFF)
Historical Stock Chart
From Jun 2024 to Jul 2024
1933 Industries (QB) (USOTC:TGIFF)
Historical Stock Chart
From Jul 2023 to Jul 2024