Metatron, Inc. Announces First Quarter 2010 Results
May 17 2010 - 2:39AM
Marketwired
Metatron, Inc. (PINKSHEETS: MRNJ) today
released its Quarterly Report for the three month period ending
March 31, 2010, which can be viewed on the Pink Sheets website at
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=MRNJ
Total Liabilities decreased to $655,921 for the three month
period ended March 31, 2010 from $4,142,791 for the three month
period ended March 31, 2009, an 84% improvement.
Shareholders' Equity increased to $7,331,710 for the three month
period ended March 31, 2010 from $3,403,500 for the three month
period ended March 31, 2009, a 115% improvement.
"Our focus during the First Quarter has been to add value to the
Company by reducing our liabilities and acquiring top quality
content for development, and we are pleased with our results," said
Joe Riehl, Metatron, Inc. CEO. "We have more than doubled our apps
for sale and are continuing to add new apps at a faster rate. We
are gratified that our revenues are maintaining a steady growth
rate into the Second Quarter."
About Metatron, Inc. Metatron, Inc.
operates multi-sector businesses that transact through the Internet
and mobile devices, using the power of technology to make people's
lives more productive and enjoyable in today's connected world.
Metatron companies operate in progressive business sectors
including mobile device applications, online dating, credit card
processing, next-generation relational database development, and
search engine advertising optimization. Metatron's i-Mobilize
division provides multi-platform digital content distribution for
current and next-generation channels and devices. For more
information, visit www.Metatroninc.com.
Forward-Looking Statements Any statements
made in this press release which are not historical facts contain
certain forward-looking statements, as such term is defined in the
Private Litigation Reform Act of 1995, concerning potential
developments affecting the business, prospects, financial condition
and other aspects of the company to which this release pertains.
These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results
of the specific items described in this release, and the company's
operations generally, to differ materially from what is projected
in such forward-looking statements. Although such statements are
based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude,
timing and other factors may result from business risks and
uncertainties including, without limitation, the company's
dependence on third parties, general market and economic
conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the
control of the company. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance,
or achievements. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of such
statements, and we disclaim any obligation to update information
contained in any forward-looking statement.
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Contact: Investors: Victoria Duff 619-550-4668
ir@metatroninc.com Media: Bonnie Poindexter 213-361-6159
bonnie@metatroninc.com
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