Metatron/i-Mobilize (MRNJ) Announces Record 2014 Q1 Results
May 13 2014 - 3:05PM
Marketwired
Metatron/i-Mobilize (MRNJ) Announces Record 2014 Q1 Results
DOVER, DE--(Marketwired - May 13, 2014) - Metatron, Inc.
(PINKSHEETS: MRNJ), and its mobile app division i-Mobilize, a top
digital media developer and distributor with a focus on developing
content for release in digital form that can enable personal
transformation, announces its operating results for its 1st quarter
2014, ending March 31, 2014.
2014 Q1 Revenue was $188,397, a 1.87% increase from 2013 Q1
Revenue which was $184,930, and a 6.28% sequential increase from
the recent 2013 Q4 Revenue, which was $177,256.
2014 Q1 Net Income was $46,054 an approximate 290% increase from
2013 Q1 Net Income which was $11,806. This was also new record high
for quarterly net income.
Total Expenses for the first three months of 2014 were $142,343,
a 17.9% decrease from $173,125, the Total Expenses for the same
time period last year.
Metatron's complete 2014 1st Quarterly report has been published
can be found on the OTC Markets Website
Highlights of the 1st Quarter: The company's progress continued
in the first quarter of 2014 as post-holiday sales combined with
two brand new Glenn Harrold Apps were a key driver for sales. Other
key milestones in the quarter:
- Launch of relaxandsleepwell.com, an information hub for the
company's flagship App, Relax & Sleep Well by Glenn Harrold: A
Relaxation Self-Hypnosis Meditation. The company's top selling app
has reached the #1 grossing rank in the Lifestyle category on
iTunes in 53 countries to date and been downloaded over 3 million
times.
- Released new Spiritual Weight Loss and Pain Control app tracks
by Glenn Harrold.
- Realized a 50% increase in the number of individuals who signed
up to receive company News or Blog alerts.
- Recorded 6.9 million Ad Impressions in Q1 2014, representing a
28% increase YOY, marking the highest quarterly total in company
history.
Business Outlook The company was hard at work in the quarter
working on high impact social media and entertainment/video apps,
while also developing new Mega-Apps for popular hypnotherapist
Glenn Harrold and others. All are projected for release in calendar
2014. In May 2014, company announced agreement on a 1 million
dollar investment agreement with Macallan Partners (pending SEC
approval) that, if approved, will enable the company to release
major projects faster and potentially accelerate the company's
growth rate.
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.
Contact: Metatron, Inc. ir@Metatroninc.com
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