Metatron Inc. Third Quarter Results and Company News
November 15 2011 - 1:01PM
Marketwired
Metatron Inc. (PINKSHEETS: MRNJ)
METATRON, Inc., a leading digital content distribution services
provider and developer for mobile device platform provider, is
pleased to announce its operating results for its third quarter and
nine months ended September 30, 2011.
2011 Q3 Revenue was $109,186, a 23% increase from 2010 Q3
Revenue which was $88,422.
Revenue for the first nine months of 2011 was $366,175, a 104%
increase from $178,784, the Revenue for the same time period last
year.
Metatron realized its 11th consecutive quarter of year over year
revenue growth, and by the third quarter 2011 has more than doubled
the revenue realized in all of 2010. Management expects this trend
to continue into the Holiday season which is traditionally the
strongest sales period for our products and services. November
13th, 2011 was the biggest sales and download day in the last sixty
days and we are just starting the Holiday season.
Total Expenses for the first nine months of 2011 was $437,474, a
37% decrease from $602,186, the Total Expenses for the same time
period last year.
Expenses increased sequentially in the third quarter, in part
due to higher development costs of our more sophisticated apps,
which contain large amounts of content and offer rental, pay-per
download and subscription payment options. The first generation of
these new apps were released in the third quarter of 2011 and are
now for sale on iTunes. Overall expenses for the first nine months
decreased significantly, compared to the same time period last
year, as the Company becomes more efficient and streamlines
operations.
Additional services offered this quarter by Metatron's app
division i-Mobilize include white label software development and
expanded digital distribution of content on numerous name-brand
platforms. The third quarter also saw the signing of several
significant content deals adding to the thousands of movie, music,
audiobook and ebook titles already under contract.
Metatron's complete 2011 3rd Quarterly report has been published
and can be found on the OTC Markets Website at
http://www.otcmarkets.com/stock/MRNJ/financials.
Metatron/i-Mobilize has had a record 950,000+ iOS App downloads
so far this year, which represents an increase of over 900%
compared to this time last year, primarily due to the addition of
free apps that generate revenue via iAds, and the release of
popular paid apps. The Company now has 1426 apps currently for sale
on iTunes and has developed 1744 apps total for all platforms which
have generated over 3,000,000 iAd impressions.
4th Quarter Outlook
The company expects to continue to expand efforts in the
following areas in the 4th quarter:
- Leveraging the currently existing mobile content and extracting
greater revenue per app.
- Launching initiatives aimed at increasing market visibility and
brand awareness.
- Continued focus on creating and releasing mega-apps in the form
of recurring subscriptions or rental based.
- Updating existing iOS apps with improved content and Universal
format (iPhone/iPad/iPod touch)
- Utilizing broader distribution channels for its content and
mobile applications
- Broader spectrum of content deals
Management is pleased with the 104% increase in revenues and 37%
decrease in expenses for the first 9 months of 2011 as compared to
the first nine months of 2010. We appreciate the commitment,
loyalty and feedback from our customers and shareholders as we grow
and gain traction in our business. As we enter the pre- and
post-holiday season, we are excited about the myriad of untapped
growth opportunities and the expected launch of our ongoing
initiatives.
Website: http://metatroninc.com/ Facebook :
http://www.facebook.com/iMobilize News :
http://metatroninc.wordpress.com Twitter:
http://twitter.com/metatroninc
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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Metatron Inc. ir@metatroninc.com
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