Metatron/i-Mobilize Reports Record Second Quarter 2013 Earnings
August 14 2013 - 2:57PM
Marketwired
Metatron, Inc. (PINKSHEETS: MRNJ) METATRON,
Inc., and its mobile app division i-Mobilize, a top digital media
developer and distributor with a focus on content that enriches
people's lives, is pleased to announce its operating results for
its second quarter 2013, ending June 30, 2013.
2013 Q2 Revenue was $191,668, a 39% increase from 2012 Q2
Revenue of $137,778. This marks the 5th consecutive quarter YOY of
25% or greater revenue growth and the 11th out of the last 12
quarters to achieve this level of growth. Revenues also represent
the second consecutive quarter with all-time record revenues
achieved.
2013 Q2 Net Income was $12,695 an approximate 1265% increase
from 2012 Q2 Net Income which was $930.
Total Expenses for the second quarter were $178,973, a 30%
increase from $136,848, the Total Expenses for the same time period
last year.
Metatron's complete 2013 2ndQuarterly report has been published
and can be found on the OTC Markets Website at
http://www.otcmarkets.com/stock/MRNJ/filings
Highlights of the 2nd Quarter:
In the quarter, the company, via its mobile subsidiary
i-Mobilize, continued its ongoing development, release, and
substantial updates of content packaged as Mega-Apps on both the
Apple iOS and Google Play platforms. The popularity with the
consumer audience was on full display in the quarter as sales in
the second quarter exceeded the first quarter, unusual considering
the immediate post--holiday period is typically the largest quarter
in terms of consumer product app sales in the retail markets. The
company's conversion of Glenn Harrold's popular Create Inner Peace
to a Mega-App on the Apple Appstore in late April and major update
in early May to the company's flagship top selling App, Relax and
Sleep Well by Glenn Harrold, fueled record sales in the quarter.
Other key events in the quarter:
- The company's top selling app, "Relax and Sleep Well by Glenn
Harrold" has reached the #1 grossing rank in the Lifestyle category
on iTunes over 40 countries. The App has ranked in the Top 20
grossing Lifestyle Apps in the United States for an entire year and
a significant update was performed in early May that added brand
new Glenn Harrold material to the App.
- i-Mobilize released four new Glenn Harrold tracks as Apps on
the iOS system; Spiritual Healing, Overcome Procrastination, Feel
Alive Now, and Heal Your Inner Child
- Metatron experienced a 15% increase in app downloads for 2013
YTD YOY compared to 2012. iAd Impressions YTD totaled 12.9 million,
representing a 216% increase YOY.
- Metatron announced an extension of the moratorium on Authorized
Share increase or reverse splits through Q3 2013 (September 30,
2013), with no plans to end either beyond that time frame.
Business Outlook
According to independent app analytics firm Distimo, out of
nearly 600,000 developers world-wide, Metatron ranks in the Top
0.1% of all App companies or developers in terms of monetization of
content. Considering the App economy is in its infancy and only 5
years old, Metatron is in rarified territory with App development
and marketing infrastructure in place and hungry content owners
intent on playing catch up to the new digital distribution world.
They are looking to find someone to app their material, someone
with a long and verifiable track record of successful conception,
creation, and monetization of evergreen content. Metatron is that
company and stands ready to assist. Apple has new devices
forthcoming in the fall and iTunes is adding nearly half a million
new accounts daily. As a result of this historic market
opportunity, management is neither satisfied nor resting on its
progress and has exciting plans for the second half of the year.
For the latter half of 2013, the company expects to develop and
release even larger scale Mega-Apps, spanning such popular genres
as Entertainment, Fitness, Travel, and others. The company is
on-course with its long-term strategy for sustainable growth, and
is thankful for the support and contributions of its loyal
shareholders. As we approach the last half of an action-packed 2013
on the Planet of Apps, Metatron is poised to step up to the next
level and become a significant player in the digital content
distribution revolution.
About Metatron, Inc
Metatron, Inc. is a corporate network of highly-related fast
growing multi-sector businesses that transact through the Internet
and mobile devices. We harness the power of technology to make
people's lives more productive and enjoyable in today's connected
world. Metatron companies operate in the hottest business sectors
including online dating, credit card processing, next-gen
relational database development, search engine advertising
optimization, and mobile device applications.
Website: http://metatroninc.com/ Facebook:
http://www.facebook.com/metatroninc Facebook:
http://www.facebook.com/iMobilize News:
http://metatroninc.wordpress.com Twitter:
http://twitter.com/metatroninc
See Metatroninc.com or official blog
(http://metatroninc.wordpress.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 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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Contact: Metatron, Inc. ir@Metatroninc.com
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