DOVER, DE--(Marketwired - Apr 30, 2013) - Metatron, Inc. (
METATRON, Inc., and its mobile app division i-Mobilize, a top digital media developer and distributor with a focus on content that empowers people and makes a positive impact on their lives, is pleased to announce its operating results for its 1st quarter 2013, ending March 31, 2013.
2013 Q1 Revenue was $184,931, a 41% increase from 2012 Q1 Revenue which was $130,892, and a 23% increase from the recent 2012 Q4 Revenue, which was $153,642. Revenues for the first quarter represent an all-time record for the company.
2013 Q1 Net Income was $11,806 an approximate 85% increase from 2012 Q1 Net Income which was $6,397.
Total Expenses for the first three months of 2013 were $173,125, a 39% increase from $124,494, the Total Expenses for the same time period last year.
Metatron's complete 2013 1st 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 1st Quarter:
The company's momentum continued in the first quarter of 2013 as the post-holiday sales pulse combined with 6 new Mega-Apps released were a key driver for sales. The company introduced 5 new Mega-apps on Google Play, which fueled a nearly 70% increase YOY in sales on the platform. The conversion of Glenn Harrold's popular Meditation 4 Inner Wisdom to a Mega-App on the Apple Appstore in late January instantly placed it in the company's Top 5 grossing apps on a daily basis. By quarter's end, the company has released a total of 21 Mega-Apps in only 10 months, and the concept has proven to be an enormous success. Other key milestones 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 in 38 countries to date. The App has ranked in the Top 20 grossing Lifestyle Apps in the United States for over 304 straight days
- Spiritual leader Eckhart Tolle's "Teachings and Tools to Support the Evolution of Human Consciousness" Subscription App has reached the #1 grossing Rank in the Lifestyle category on iTunes in 10 countries to-date. A new Google play version was released by the company in March 2013.
- Metatron experienced a 13% increase in app downloads for 2013 Q1 compared to 2012 Q4 vs. the industry average of 11% (Source:Canalys)
- 5.3 million Ad Impressions in Q1 2013, representing an 500%+ increase YOY, and an 29% increase sequentially.
- Metatron announced an extension of the moratorium on Authorized Share increase or reverse splits through Q3 2013, with no plans to end either beyond that time frame.
- Company revamped the website of its app development subsidiary i-Mobilize's. It can be found at http://i-mobilize.com/
2nd Quarter Outlook
The first quarter results have started 2013 with a flourish, with a company all-time record revenue quarter achieved. The release of several Mega-Apps from Glenn Harold, Eckhart Tolle, and Benjamin Bonetti on both Apple and Google Play platforms during the quarter, along with holiday sales, helped App sales to increase YOY. More importantly, sales continue to be elevated even after the post-holiday afterglow. Key app infrastructure improvements initiated last year and early in 2013 are energizing sales. Preliminary sales trends in the current quarter (Q2 2013) have continued to outpace last year's similar time period. With more Mega-Apps in development and slated for launch, including one from renowned spiritual teacher Gary Zukav, along with other brand new content, management is expecting another strong quarter.
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.