Metatron, Inc. (PINKSHEETS: MRNJ) released
its Quarterly Report for the three month period ending June 30,
2010 , which can be viewed on the Pink Sheets website at
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=MRNJ
2010 vs. 2009 Total Liabilities decreased
to $637,621 for the three month period ended June 30, 2010 from
$4,142,791 for the three month period ended March 31, 2009, a 91%
improvement.
Shareholders' Equity increased to $7,331,710 for the three month
period ended June 30, 2010 from $3,403,500 for the three month
period ended March 31, 2009, a 115% improvement.
Second Quarter 2010 vs. First Quarter 2010
Total Liabilities decreased to $637,621 for the three month period
ended June 30, 2010 from $655,921 for the three month period ended
March 31, 2010, a 3% improvement.
Shareholders' Equity increased to $7,520,010 for the three month
period ended June 30, 2010 from $7,331,710 for the three month
period ended March 31, 2010, a 3% improvement.
Company management is proud to report Revenues have been
increasing steadily as Metatron celebrates its first year in
operation.
Total Income for the three month period ended June 30, 2010
increased to $55,571 from $34,790 for the March Quarter, a 60%
increase. Net Income/Loss improved 57% to ($127,073) in the Quarter
ended June 30, 2010 from ($296,394) in the Quarter ended March 31,
2010. Total Costs decreased from $182,644 in the June Quarter from
$331,184 in the March Quarter, a 45% improvement despite additional
programming costs incurred in adapting all i-Mobilize existing apps
to the new iPhone 4 operating system.
Revenue increases have continued through the first two months of
the 3rd Quarter with weekly revenues as follows: Week ended August
1, 2010 - $4,355; August 8 - $4,514; August 15 - $5,422; August 22
- $6,618; August 29 - $8,149 for a monthly total of $29,058, a 22%
improvement over July revenues which were $23,896.
Discussion and Outlook During the Second
Quarter the company focused on developing a software update to
accommodate the new iPhone 4 operating system changes and updating
all published apps so they can be operated on the new phone. This
gives Metatron the advantage of having one of the first and largest
app libraries available for iPhone 4 users. Also, the software
update is universally compatible with iPads and the new iPhones.
This means that each app i-Mobilize produces can be used on both
devices, increasing the revenue value of each app and decreasing
the amount of time i-Mobilize spends on uploading apps for approval
since one app can be uploaded for both iPad and iPhone 4
categories.
i-Mobilize apps are expected to be compatible with the recently
announced Apple TV product.
During the 2nd Quarter i-Mobilize experienced a decrease in the
time it takes to go through the app approval process, which has
assisted the Company in presenting more apps for sale as quickly as
possible.
Metatron is also in the process of seeking investment that will
enable the hiring of more programmers, which will result in
increasing the number of apps processed and having a direct
positive effect on revenues. Current negotiations with investors
will necessitate doubling the number of authorized shares to 600
million. The investment is expected to substantially increase
revenue and strengthen i-Mobilize's position as the leading
producer of self-help apps.
Only a portion of the additional shares will be issued, leaving
Metatron with a supply of shares available for employee bonuses,
acquisitions, or stock dividends -- all of which would likely be in
the form of restricted shares and should be strategically
beneficial to the company.
Metatron management is pleased with the pace of daily revenue
growth and expects to post good revenue growth for the year ended
December 2010, assuming no unexpected expenses or problems arise
between now and then.
The Company has also added the following new content
libraries:
Rising Star Studios: 12 new apps produced for children. Rising
Star Studios is the 5-time Emmy Award winning producer of the
popular Auto-B-Good series.
My Yoga Videos: 40 new Yoga apps produced by MyYogaVideos.
Payton Kane: 20 new dating and relationship apps by Payton Kane,
the host of the Seduce and Conquer radio show, the #1 dating advice
radio show in the world.
Sage Hope: 10 new self-apps by Sage Hope, author and leader in
the motivational speaking field.
On the Mike with Mike Sherman: 50 new apps featuring celebrity
and recording artist interviews and performances including Justin
Bieber, Akon, T-Pain, Snoop Dogg, Pussycat Dolls, Lady Gaga and
many others.
About i-Mobilize i-Mobilize provides
proprietary digital app development, publishing and content
distribution for all major mobile device platforms. Established in
2009 with a fast-growing content library of movies, music, books,
television, classic programming, and special interest titles,
i-Mobilize is capitalizing on the burgeoning mobile apps download
industry, projected to exceed 4.5 billion downloads worldwide
generating $6.7 billion this year; and an estimates 22 billion
downloads generating $72 billion by 2013 according to Gartner,
Inc., the world's leading information technology research and
advisory company. Headquartered in San Diego, CA, i-Mobilize
(www.i-mobilize.com) is a division of Metatron, Inc., a diversified
holding company of businesses that transact through the Internet
and mobile devices.
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. 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 needfor
additional financing, which is not assured and which may result in
dilution of shareholders, the company's status as a small company
with a limited operating history, dependence on third parties and
the continuing popularity of the iPhone operating system, general
market and economic conditions, technical factors, receipt of
revenues, and other factors, many of which are beyond the control
of the company.
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Contact: Investors: Victoria Duff 619-550-4668
IR@metatroninc.com
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