Metatron and i-Mobilize Reports Record Second Quarter 2013 Earnings
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 16 August 2013
Release date- 15082013 - Metatron, Inc., and its mobile app division i-Mobilize, a top digital media developer and distributor with a focus on content that enriches people's lives, is pleased to announce its operating results for its second quarter 2013, ending June 30, 2013.
2013 Q2 Revenue was $191,668, a 39% increase from 2012 Q2 Revenue of $137,778. This marks the 5th consecutive quarter YOY of 25% or greater revenue growth and the 11th out of the last 12 quarters to achieve this level of growth. Revenues also represent the second consecutive quarter with all-time record revenues achieved.
2013 Q2 Net Income was $12,695 an approximate 1265% increase from 2012 Q2 Net Income which was $930.
Total Expenses for the second quarter were $178,973, a 30% increase from $136,848, the Total Expenses for the same time period last year.
Metatron's complete 2013 2ndQuarterly report has been published and can be found on the OTC Markets Website at http://www.otcmarkets.com/stock/MRNJ/filings
Highlights of the 2nd Quarter
In the quarter, the company, via its mobile subsidiary i-Mobilize, continued its ongoing development, release, and substantial updates of content packaged as Mega-Apps on both the Apple iOS and Google Play platforms. The popularity with the consumer audience was on full display in the quarter as sales in the second quarter exceeded the first quarter unusual considering the immediate post-holiday period is typically the largest quarter in terms of consumer product app sales in the retail markets.
The company's conversion of Glenn Harrold's popular Create Inner Peace to a Mega-App on the Apple Appstore in late April and major update in early May to the company's flagship top selling App, Relax and Sleep Well by Glenn Harrold, fueled record sales in the quarter. Other key events in the quarter:
The company's top selling app, 'Relax and Sleep Well by Glenn Harrold' has reached the #1 grossing rank in the Lifestyle category on iTunes over 40 countries. The App has ranked in the Top 20 grossing Lifestyle Apps in the United States for an entire year and a significant update was performed in early May that added brand new Glenn Harrold material to the App.
i-Mobilize released four new Glenn Harrold tracks as Apps on the iOS system; Spiritual Healing, Overcome Procrastination, Feel Alive Now, and Heal Your Inner Child
Metatron experienced a 15% increase in app downloads for 2013 YTD YOY compared to 2012. iAd Impressions YTD totaled 12.9 million, representing a 216% increase YOY.
Metatron announced an extension of the moratorium on Authorized Share increase or reverse splits through Q3 2013 (September 30, 2013), with no plans to end either beyond that time frame.
According to independent app analytics firm Distimo, out of nearly 600,000 developers world-wide, Metatron ranks in the Top 0.1% of all App companies or developers in terms of monetization of content. Considering the App economy is in its infancy and only 5 years old, Metatron is in rarified territory with App development and marketing infrastructure in place and hungry content owners intent on playing catch up to the new digital distribution world. They are looking to find someone to app their material, someone with a long and verifiable track record of successful conception, creation, and monetization of evergreen content.
Metatron is that company and stands ready to assist. Apple has new devices forthcoming in the fall and iTunes is adding nearly half a million new accounts daily. As a result of this historic market opportunity, management is neither satisfied nor resting on its progress and has exciting plans for the second half of the year. For the latter half of 2013, the company expects to develop and release even larger scale Mega-Apps, spanning such popular genres as Entertainment, Fitness, Travel, and others.
The company is on-course with its long-term strategy for sustainable growth, and is thankful for the support and contributions of its loyal shareholders. As we approach the last half of an action-packed 2013 on the Planet of Apps, Metatron is poised to step up to the next level and become a significant player in the digital content distribution revolution.
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.
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.
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