(OTC:MRNJ) METATRON SIGNS DEAL WITH CIRCA PICTURES FOR EQUITY SWAP WITH SPECIAL DIVIDEND AND CANNABIS APP UPDATE
17 Novembre 2016 - 6:00PM
InvestorsHub NewsWire
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DOVER, DE -- November 17, 2016 -- InvestorsHub NewsWire -- Metatron
(OTC:
MRNJ) embarked on a joint venture with Circa Pictures (OTC:
CPPD) to develop a global media channel for unique content
along with a corresponding video crowdfunding platform. As part of
the project, the Companies have now agreed to a mutual stock swap
in an amount roughly equal to five percent of their current issued
and outstanding common stock. It is anticipated that some portion
of this equity will be used as a special dividend to the Companies’
respective shareholders. The special dividend will replace the
previously announced forward split, details to be communicated at a
later time. This joint venture will enable both Companies to
participate in each other’s progress and development.
The Joint Venture is creating websites, apps, social media and
Youtube channels to operate as a global content network for various
entertainment production clients and projects. The video
crowdfunding will be contracted from members, one-off viewers, and
commercial customer contracts serving the entertainment industries
on a national and global basis. The Joint Venture currently has a
pipeline of more than a dozen movie and television projects seeking
total funding greater than $25 million. The crowdfunding platform
has a planned launch before the end of 2016.
Circa Pictures currently owns and is also in partnership on a
number of TV shows (reality and scripted). The Company is also
working on movies that are in various stages of marketing or
pre-production for distribution opportunities in the USA and Canada
with potential International syndication.
Metatron provides digital content distribution across mobile and
web platforms. Through its app division i-Mobilize, the company was
an early pioneer in the app industry and developed over 2000 apps
generating millions in sales and downloads for high profile
clients. Metatron conceives, creates, and monetizes content for its
customers in order to reach a global audience. The Company released
some of the first legal Marijuana and CBD related apps on iTunes
and Google Play. The App Industry is estimated to reach $77 billion
in 2017 according to
Entrepeneur.com,
and legal Cannabis Industry $23 billion by 2020 with annual
compound growth rate of 35%.
Metatron is
recently announced it had updated the website for a new
electrifying cannabis and e-commerce portal Buzzlink.com, and its Cannaboids.com brand. We already
have several cannabis related apps on iTunes and Google and plan on
releasing Buzzlink.com's app in
first quarter 2017.
This
election was the biggest year in modern cannabis history. Four more
states fully legalized weed — California, Maine, Massachusetts, and
Nevada — which puts about one-fourth of the population in areas
that have rejected prohibition. In addition, four more states voted
to legalize marijuana for medical use —Arkansas, Montana, Florida
and North Dakota. A recent Gallup poll suggests 60% of US citizens
favor legalization.
When
a state passes a cannabis law, we are able to register users and
businesses with little or no cost. Because we are not involved in
the production or sale of cannabis, we do not have the hard costs
to generate revenue from the industry. At the same time, Metatron’s
vast experience and success with
digital content, apps, web and social media its business model
is not tied to the success of a particular, brand, or content – we
expect to a have percentage of the industry as a whole, similar to
the way we had with the self-help and fitness industry apps which
generated millions in sales in past years.
Metatron continues
to add to its 2000 plus proprietary app library and is working on
on adding an in-app purchase model to most apps in collaboration
with another programming company and in-house resources. Deploying
in- app purchasing is a major project and rollout of the module is
expected to generate a significant revenue increase over the next
12 months, this strategy has worked before in our other best
selling apps.
We
at Metatron are excited about the company’s direction and look
forward to providing our shareholders with numerous updates in the
coming weeks, stay tuned.
Website: http://metatroninc.com/
Facebook: https://www.facebook.com/metatroninc
Facebook: https://www.facebook.com/iMobilize
News: https://metatroninc.wordpress.com
Twitter: https://twitter.com/metatroninc
CBD
website. http://cannaboids.com
App
Locations:
iTunes: https://itunes.apple.com/us/artist/i-mobilize-inc./id325075390
Google Play: https://play.google.com/store/apps/developer?id=Metatron+Inc
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. Metatron retained Global Discovery Group
Inc. for $30,500 for consulting services, CSC Partners for $1,500
and the company retained Pacific Equity Alliance LLC by issuing
Integrative Business Alliance LLC 100m rule 144 for 1 year
consulting services. Metatron does not grow, sell or distribute any
substances that violate United States Law or the controlled
substance act.
CONTACT:
Website: http://www.metatroninc.com
Phone:
302-861-0431
Press
Release Information:
Investor Relations:
PACIFIC EQUITY ALLIANCE LLC Investor Contact(s): Zachary R. Logan /
Grady Powell Contact phone: 858.886.7238
info@pacif8ificequityusa.com Zachary R. Logan
President
PACIFIC
EQUITY ALLIANCE LLC WWW.PACIFICEQUITYUSA.COM
WWW.INVESTORSPOTLIGHTDAILY.COM 858.886.7237
858.886.7238
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Equity Alliance, LLC. is an Independent Investor Relations firm
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