LOS ANGELES, CA--(Marketwired - Jul 11, 2016) - WRIT Media Group, Inc. (OTCQB: WRIT) is pleased to announce plans to
integrate its Pelecoin Blockchain technology into products and applications that can be used to make it
as easy to spend digital currencies, cryptocurrencies and Pelecoin, as it is to spend US Dollars.
Through its acquisition of Pandora Venture Capital, the Company assumed a skilled management team with backgrounds in
payments, telecom and digital currency, making them an ideal group for bringing digital currencies and Blockchain-based payment
technologies into the real world where they are attached to a debit card or mobile phone payment application.
"Our goal is to create the industry standard for Blockchain-based, secured payments solutions," said Eric Mitchell, President
of WRIT Media Group. "The Company has been in discussions with several market-leading, best-in-class industry
players to engage an initial and formative partner that will invest in, and help develop, our
Pelecoin technology into a proprietary, transparent, digital payment system that become the market standard."
About WRIT Media Group
WRIT Media Group, Inc. (OTCQB: WRIT) is a diversified media and software company whose operations include content
production and distribution; video game distribution via mobile platforms; and digital currency software development, including
trading platforms and Blockchain solutions.
The Company's portfolio of wholly owned businesses includes:
- Front Row Networks, a content creation company which produces, acquires and distributes live event programming
for worldwide digital broadcast into digitally enabled movie theaters and online streaming;
- Amiga Games, a software company resurrecting the Amiga brand by publishing retro video games on smartphones,
tablets and consoles;
- Retro Infinity, Inc., a video game distribution portal which publishes video games from Amiga, Atari and other
"retro" brands on today's smartphones, tablets and consoles; and
- Pandora Venture Capital, a software developer with a focus on digital currency technologies, including; a
cryptocurrency trading platform, a new generation of cryptocurrency, and Blockchain technology solutions.
Cautionary Note Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking
statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such
forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties,
including, but not limited to, those discussed in WRIT Media Group's latest 10-Q filed December 31, 2015. The company undertakes
no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events
or otherwise.
Pandora Venture Capital Corp., Pelecoin, CrypStock.com and its related trademarks and names are the property of WRIT Media
Group, Inc. and are registered and/or used in the U.S. and countries around the world. All rights reserved. All other trademarks
belong to their respective owners.