DOVER, DE–(Marketwire -05/15/15) – Metatron, Inc. (MRNJ.PK)
METATRON, Inc., and its mobile app division i-Mobilize, a digital media developer and distributor with a focus on uplifting content in App and other digital forms, announces its operating results for its 1st quarter 2015, ending March 31, 2015.
2015 Q1 Revenue was $36,968, a 64% sequential increase from the recent 2014 Q4 Revenue, which was $22,421.
Net Income for 2015 Q1 was $9,715 with Total Expenses of $27,253.
Metatron’s complete 2015 1st Quarterly report has been published can be found on the OTC Markets Website.
Highlights of the 1st Quarter:
The company began its transition to cloud based apps this quarter with 6 updated apps and 6 brand new apps updated to cloud based architecture. Cloud apps signify a major shift from dependency on expensive high-level programming teams to reliance on automated cloud based app development systems. The cloud-based apps have much lower development and update costs long-term.
Another key milestone in the quarter was a major update to Eckhart Tolle’s Mega-App. The Eckhart Tolle Subscription App update was a major one, with 60 second previews of all episodes available for viewing before committing to a subscription. The Airplay feature has been enabled, allowing you to project from your iPhone or iPad and watch each video episode on your TV. There is now complete access to the Eckhart Tolle TV website within the app itself and the App is fully compatible with iOS 8 and the iPhone 6.
Other key developments in the quarter:
• Our high impact Dating App was submitted for review for Apple and beta testing, code updates, Apple dating app compliance efforts, and final approval, is expected in the second quarter.
• Four new Apps under our White Label Account offerings were approved by Apple and they will be released as a series of six this summer, more details to follow.
• Final development on our private chat app continued with submission for Apple review target for later this month.
The company is in final stages of development or review on our Dating and Private Chat apps, with launch, pending timely Apple approval, in the second quarter. We have hired new staff to assist with updating our entire content portfolio and anticipate that our new streamlined app creation system is to increase our app production to higher rates. Metatron has also signed new clients and expanded on agreements for some existing clients, and will release more details in time. Upon launch of these exciting projects, we expect renewed growth in revenue levels and user base. Management is energized as we approach lift off on major App projects and we are committed towards long-term sustainable growth in the company and shareholder value and appreciate the support of its long-time and new shareholders.
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.
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.