|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.160 - 0.184|
|52 Week Range||0.045 - 0.560|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BEVERLY HILLS, Calif., Jan. 4, 2018 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced today that it will add over 450 new PMiner cryptocurrency mining rigs to its Pelecoin system during the first quarter of 2018. "With the rapidly increasing popularity and acceptance of cryptocurrencies across the globe, cryptocurrency mining has emerged as a promising revenue generating alternative for many individuals. As the difficulties in bitcoin mining have continually increased over the last few years, individuals are embracing new cryptocurrencies that offer a better return on their investment in cryptocurrency mining equipment," noted Eric Mitchell, WRIT Media Group CEO.
BEVERLY HILLS, Calif., Dec. 19, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) today has reported sales of over $2.25 million USD through December 15, 2017. All of WRIT Media Group's sales were derived from the Company's Pelecoin crypto-currency platform and sales of its Pelecoin Miner hardware system, which is preloaded with Pelecoin mining software. "We're encouraged as we see the Company's sales trend up with the overall macro trends that have been apparent with Bitcoin and other digital currencies over the past several quarters," said Chief Executive Eric Mitchell.
LOS ANGELES, Oct. 17, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced today that the Board of Directors has approved a special stock dividend (the "Distribution") of 1,250,000 shares of common stock of Skylab USA, Inc. ("Skylab USA"). Subject to approval by FINRA, the Distribution is expected to be made on November 28, 2017 (the "Distribution Date") to all WRIT Media Group, Inc. ("WRIT") shareholders of record on November 14, 2017 (the "Record Date"). The Distribution will occur by way of a pro rata dividend on shares of WRIT Media Group, Inc. common stock outstanding at the close of business (i.e., 5:00 PM, New York City time) on the Record Date.
Pelecoin World, developed on the Skylab Apps platform, comes with key features that allow users to not only engage with the published content, but also interact with each other in a manner that enhances product learning and brand recognition. The Pelecoin World mobile app for Android and iOS-powered smartphones offers a versatile platform that allows users to access basic information regarding Pelecoin and other crypto-currencies, engage in valuable training and educational experiences, and to quickly locate resources on cryptocurrency, blockchain, wallets, ICOs, real-time exchange rates, and other digital currency news and trends. "WRIT Media Group has delivered a robust mobile application for iOS and Android that allows users to learn about crypto-currency, browse and discuss industry news with the Pelecoin World community, monitor crypto-currency prices, ICOs, and of course, monitor your Pelecoin account, all at the touch of a button," says Eric Mitchell, CEO of WRIT Media Group.
BEVERLY HILLS, Calif., Oct. 10, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) today reported revenue of $92,263 for the second quarter of its fiscal year ended September 30, 2017, representing a 42 percent increase from the previous quarter. All of WRIT Media Group's revenue was derived from the Company's Pelecoin crypto currency platform. "WRIT Media's continued revenue growth from quarter to quarter represents the tangible value of its Pelecoin digital currency software," said Eric Mitchell, CEO.
LOS ANGELES , Sept. 19, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) announced today that it added five additional currencies to its Pelecoin cryptocurrency mining system. WRIT Media's Pelecoin ...
LOS ANGELES, Sept. 12, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced today that it added two additional currencies, Bitcoin and Dash, to its Pelecoin cryptocurrency mining system. During the past two months, WRIT Media's Pelecoin development team has built the core functionality of its digital currency system and has now added new features which enable users to mine six cryptocurrencies simultaneously by utilizing Pelecoin's proprietary mining algorithm software. Over the next two months, the Company plans to add six more cryptocurrencies to the system, for a total of twelve, to spread the volatility risk of mining a single cryptocurrency over a bucket of highly performing digital currencies.
The Skylab Apps Platform comes with key features that allow users to interact and engage with each other in a manner that enhances product learning and brand recognition. The Pelecoin mobile app for Android and iOS powered smartphones will offer users a versatile platform that allows them to access basic information about Pelecoin and other cryptocurrencies at their fingertips. The Pelecoin app will be a valuable education resource on cryptocurrency, blockchain, wallets, ICOs, and will offer real-time exchange rate updates and trends, along with a list of markets where Pelecoin can be bought, sold or used to make purchases.
LOS ANGELES, Aug. 29, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced today that Discovery Research has updated its coverage on WRIT with a revised 18 month target price of $2.45 per share. In the updated report, the analyst writes, "We are extremely happy with the progress we see at WRIT at this time.
BEVERLY HILLS, Calif., Aug. 22, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) today reported revenue of $64,985 for the first quarter of its fiscal year ended June 30, 2017, representing a 571 percent increase from the previous quarter, following the launch of its Pelecoin crypto currency platform. "WRIT Media's growth this last quarter is a reflection of the tangible value and high-quality software that we provide to our clients," said Eric Mitchell, CEO. In addition to enhancing the features of its Pelecoin technology, WRIT Media Group is investing in client acquisition across all businesses and geographies that will benefit from the use of its Pelecoin platform, including large, established organizations as well as emerging growth companies.
LOS ANGELES, Aug. 15, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced today several technology innovations within its Pelecoin cryptocurrency system, and plans over the next year to enhance its software platform by adding additional features and by expanding its ecosystem through new products. During the past several months, WRIT Media's development team has built the core functionality of its digital currency system, and now offers a new feature which enables users to mine four cryptocurrencies simultaneously by utilizing Pelecoin's proprietary mining algorithm software. Pelecoin now provides an easy-to-use, downloadable software that allows for optimal mining by enabling users to mine Ethereum (ETH), Ethereum Classic (ETC), Zcash (ZEC) and Monero (XMR) simultaneously.
LOS ANGELES, Aug. 2, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced today it has hired Alexander Keselman as its Chief Technology Officer. Mr. Keselman will have responsibility for software project development, as well as overseeing the growing company's product support activities for Pelecoin. Mr. Keselman has over two and a half decades of experience in software development and project management in the fields of finance and capital markets.
LOS ANGELES, June 5, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced the successful completion of Beta testing for its new digital currency Pelecoin. Pelecoin is a proprietary, structured digital currency, based on an optimized basket of the top 25 crypto-currencies. Pelecoin's proprietary algorithm optimizes currency "mining" profitability, while providing the added benefit of liquidity through the leading exchanges of digital currency.
LOS ANGELES, May 22, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (WRIT) announced today that Discovery Research initiated coverage on the Company with an initial target price of $1.50 per share. In the report, the analyst writes, "With WRIT, the upside potential to downside risk may be as much as 15 to 1 in the next 18 months and it appears that the probability of success becomes greater simply by the increase in the number of users which is already occurring without much marketing spend. This drafting of the increases in other digital currencies is a nice positive that could put wind in the sails of the stock.