DOVER, DE--(Marketwired - May 13, 2014) - Metatron, Inc. (PINKSHEETS: MRNJ), and its mobile app division i-Mobilize, a top digital media developer and distributor with a focus on developing content for release in digital form that can enable personal transformation, announces its operating results for its 1st quarter 2014, ending March 31, 2014.
2014 Q1 Revenue was $188,397, a 1.87% increase from 2013 Q1 Revenue which was $184,930, and a 6.28% sequential increase from the recent 2013 Q4 Revenue, which was $177,256.
2014 Q1 Net Income was $46,054 an approximate 290% increase from 2013 Q1 Net Income which was $11,806. This was also new record high for quarterly net income.
Total Expenses for the first three months of 2014 were $142,343, a 17.9% decrease from $173,125, the Total Expenses for the same time period last year.
Metatron's complete 2014 1st Quarterly report has been published can be found on the OTC Markets Website
Highlights of the 1st Quarter:
The company's progress continued in the first quarter of 2014 as post-holiday sales combined with two brand new Glenn Harrold Apps were a key driver for sales. Other key milestones in the quarter:
- Launch of relaxandsleepwell.com, an information hub for the company's flagship App, Relax & Sleep Well by Glenn Harrold: A Relaxation Self-Hypnosis Meditation. The company's top selling app has reached the #1 grossing rank in the Lifestyle category on iTunes in 53 countries to date and been downloaded over 3 million times.
- Released new Spiritual Weight Loss and Pain Control app tracks by Glenn Harrold.
- Realized a 50% increase in the number of individuals who signed up to receive company News or Blog alerts.
- Recorded 6.9 million Ad Impressions in Q1 2014, representing a 28% increase YOY, marking the highest quarterly total in company history.
Business Outlook
The company was hard at work in the quarter working on high impact social media and entertainment/video apps, while also developing new Mega-Apps for popular hypnotherapist Glenn Harrold and others. All are projected for release in calendar 2014. In May 2014, company announced agreement on a 1 million dollar investment agreement with Macallan Partners (pending SEC approval) that, if approved, will enable the company to release major projects faster and potentially accelerate the company's growth rate.
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.
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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.