DOVER, DE – (February 1, 2017) – Metatron, Inc. (OTC Pink: MRNJ) announced today a reverse stock split of its common stock, par value $0.00001 per share (the “Common Stock”), at a ratio of one-for-seventy- eight (1:78). The reverse stock split is effective immediately prior to the market opening on February 1, 2017. Following the effectiveness, the Company’s Common Stock will begin trading on a split-adjusted basis under the symbol “MRNJD” for a period of 20 days, after which the “D” will be removed and the Company’s symbol will revert to the original symbol of “MRNJ.” The Company’s Common Stock will also be identified under a new CUSIP number (59141K101).
As a result of the reverse stock split, every stockholder of record as of the open of the market on February 1, 2017 will receive one share of Common Stock for every 78 shares of Common Stock held as of such date, with all fractional shares being rounded up to the nearest whole share. No fractional shares will be issued in connection with the reverse stock split. Stockholders are not required to take any action to effect the exchange of their shares of Common Stock.
The reverse stock split was approved by the Company’s Board of Directors, as well as one of the Company’s stockholders holding a majority of the issued and outstanding voting capital stock of the Company.
i-Mobilize, which is wholly owned and publicly traded under Metatron,
Inc. (OTC:MRNJ), also announces a strategic move into the areas of mobile encryption, and Virtual Reality for its mobile development business.
The Company will embark on re-branding Metatron mobile development business in the specific areas of mobile encryption and security, and applications for the growing market in virtual reality. Under this new goal, the Company will keep its focus on a couple of dynamic concepts within the mobile market, and will look to reduce or shelve other projects to the back burner so as to keep our core focus on these market segments to better execute our projects to market.
Our experience in developing over 2000+ mobile applications in the past shows we have the expertise to bring a project from concept, to devlopement, and eventually to market at fastest rate possible. By streamlining our focus on these new exciting trends in mobile development, and sidelining less important projects to the back burner, we feel 2017 could become a very exciting time for Metatron, and its shareholders.
Joe Riehl, the CEO of Metatron, Inc. commented, “A big mistake companies make these days is they spread their focus over to many projects sometimes, where it is more productive to sharpen their focus on a couple core projects within their industry, and then execute on these new concepts to market. The areas of security, or mobile encryption, and the rapid growth of virtual and augmented reality are forecasted to be the
next exciting trends in the mobile application and development industry, and Metatron, Inc. plans to become a player within this area. This re- branding, or reboot of Metatron business focus, will not just be in the areas of mobile development, but also in our corporate image, and areas of how we fund the company going forward so as to keep the shareholders best interest a key focus of the Board of Directors.”
The Company plans to provide more detailed game plan, and mission statement, on these planned changes towards the more dynamic areas within the mobile application industry, and goal of building value for MRNJ shareholders.
Metatron, Inc. is a network of highly-related fast growing multi- sector businesses that transact through the internet and mobile devices. Metatron harnesses the power of technology to make people’s lives more productive and enjoyable in today’s connected world.
Metatron, Inc. https://metatroninc.com Phone: 302-861-0431
Facebook: http://www.facebook.com/metatroninc Facebook: http://www.facebook.com/iMobilize News: https://metatroninc.com/blog
Google Play: https://play.google.com/store/apps/developer?id=Metatron +Inc
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,
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