Metatron (MRNJ) Issues i-Mobilize's App Revenue Update and Android News
February 01 2011 - 11:47AM
Marketwired
Metatron, Inc. (PINKSHEETS: MRNJ) -- The
month of January 2011 Metatron's App division i-Mobilize
iPhone/iPad revenues increased about 45% month over month to
$53,633, as compared to December 2010 which was $36,925, and over a
700% increase compared to the same time last year ($7,537).
Although there is no assurance revenues will continue to grow,
the company believes the increase is due to the rising popularity
of mobile devices and the apps in general, as well as i-Mobilize's
expanding portfolio of apps.
One of the only publicly traded app companies, Metatron's app
division i-Mobilize surpassed its production goal and released over
100 apps in January 2011, now over 1000 total, and expects to
increase output in the following months. The Company reached
another stated goal by porting its first top-selling app to
Android, "Believe in Weight Loss" by Benjamin Bonetti, and expects
to convert all its top apps soon. We expect our first App store
selling thousands of titles to appear on Android in March 2011.
Free ad-supported apps are now on sale, using i-Mobilize's
proprietary advertising system and we are currently beta-testing
iAD for iTunes. The Company expects to have versions of all its
paid top-selling apps offered as free ad-supported apps in the near
future, creating another significant revenue stream.
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 need for
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 iOS 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. 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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