DOVER, DE / ACCESSWIRE / November 17, 2016 / Metatron (OTC: MRNJ) embarked on a joint venture with Circa Pictures (OTC: CPPD) to develop a global media channel for unique content along with a corresponding video crowdfunding platform. As part of the project, the Companies have now agreed to a mutual stock swap in an amount roughly equal to five percent of their current issued and outstanding common stock. It is anticipated that some portion of this equity will be used as a special dividend to the Companies’ respective shareholders. The special dividend will replace the previously announced forward split, details to be communicated at a later time. This joint venture will enable both Companies to participate in each other’s progress and development.
The Joint Venture is creating websites, apps, social media and Youtube channels to operate as a global content network for various entertainment production clients and projects. The video crowdfunding will be contracted from members, one-off viewers, and commercial customer contracts serving the entertainment industries on a national and global basis. The Joint Venture currently has a pipeline of more than a dozen movie and television projects seeking total funding greater than $25 million. The crowdfunding platform has a planned launch before the end of 2016.
Circa Pictures currently owns and is also in partnership on a number of TV shows (reality and scripted). The Company is also working on movies that are in various stages of marketing or pre-production for distribution opportunities in the USA and Canada with potential International syndication.
Metatron provides digital content distribution across mobile and web platforms. Through its app division i-Mobilize, the company was an early pioneer in the app industry and developed over 2000 apps generating millions in sales and downloads for high profile clients. Metatron conceives, creates, and monetizes content for its customers in order to reach a global audience. The Company released some of the first legal Marijuana and CBD related apps on iTunes and Google Play. The App Industry is estimated to reach $77 billion in 2017 according to Entrepeneur.com, and legal Cannabis Industry $23 billion by 2020 with annual compound growth rate of 35%.
Metatron is recently announced it had updated the website for a new electrifying cannabis and e-commerce portal Buzzlink.com, and its Cannaboids.com brand. We already have several cannabis related apps on iTunes and Google and plan on releasing Buzzlink.com’s app in first quarter 2017.
This election was the biggest year in modern cannabis history. Four more states fully legalized weed — California, Maine, Massachusetts, and Nevada — which puts about one-fourth of the population in areas that have rejected prohibition. In addition, four more states voted to legalize marijuana for medical use —Arkansas, Montana, Florida and North Dakota. A recent Gallup poll suggests 60% of US citizens favor legalization.
Metatron continues to add to its 2000 plus proprietary app library and is working on on adding an in-app purchase model to most apps in collaboration with another programming company and in-house resources. Deploying in- app purchasing is a major project and rollout of the module is expected to generate a significant revenue increase over the next 12 months, this strategy has worked before in our other best selling apps.
We at Metatron are excited about the company’s direction and look forward to providing our shareholders with numerous updates in the coming weeks, stay tuned.
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. Metatron retained Global Discovery Group Inc. for $30,500 for consulting services, CSC Partners for $1,500 and the company retained Pacific Equity Alliance LLC by issuing Integrative Business Alliance LLC 100m rule 144 for 1 year consulting services. Metatron does not grow, sell or distribute any substances that violate United States Law or the controlled substance act.
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