(MRNJ) Metatron/i-Mobilize Reports Third Quarter 2013 Operating Results (Marketwire)
Nov 12, 2013 | Performance | 0 comments
DOVER, DE–(Marketwire -11/12/13) – Metatron, Inc. (MRNJ.PK)
METATRON, Inc., and its mobile app division i-Mobilize, a top digital media developer and distributor with a focus on packaging content for release in digital form that can transform people's lives, announces its operating results for its third quarter 2013, ending September 30, 2013.
2013 Q3 Revenue was $176,897 a 14% increase from 2012 Q3 Revenue of $155,080. This marks the 6th consecutive quarter of revenue increases year-over-year (YOY).
Q3 2013 Net Income was $1,049, compared to Q3 2012 Net Income which was $14,684.
Total Expenses for the second quarter were $175,948, a 64% increase from $107,115, the Total Expenses for the same time period last year.
Metatron's complete 2013 3rd Quarterly report has been published and can be found on the OTC Markets Website at http://www.otcmarkets.com/stock/MRNJ/filings
Highlights of the 3rd Quarter:
In the quarter, the company, via its mobile subsidiary i-Mobilize and its white label accounts, continued its ongoing development, updates, and deployment of content packaged as individual or Mega-Apps on both the Apple iOS and Google Play platforms.
• The company released 10 new or updated Apps on the iOS and Android systems, 5 of which were Mega-Apps.
Other key events in the quarter:
• Metatron announced its 10th consecutive quarterly extension of the Moratorium on Authorized Share increase or reverse splits, this latest effective through Q4 2013 (December 31, 2013). The company has no plans to end either beyond that time frame.
• Metatron reached an App development agreement with best-selling author and renowned spiritual teacher Dr. Barbara Sherry Rose.
The company continued to release new content and capture market share while increasing revenues YOY. This trend will most likely continue with the upcoming release of several major apps, including one for best-selling author and Oprah's #1 guest Gary Zukav. With the release of many new iOS devices recently, we expect to see a significant increase in revenue this holiday season, traditionally the best time of year for app sales.
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.
Website: http://metatroninc.com/
Facebook: http://www.facebook.com/iMobilize
News: http://metatroninc.wordpress.com
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.