SOURCE: Metatron Inc.

Metatron Inc.

April 01, 2010 14:09 ET

Metatron Inc. Releases 2009 Financial Results in Annual Report to Shareholders

SAN DIEGO, CA--(Marketwire - April 1, 2010) -  Metatron, Inc. (PINKSHEETS: MRNJ) today reported financial results for the fiscal year ended December 31, 2009. The Metatron, Inc. Voluntary Annual Report, containing internally prepared financial statements, has been posted on the Pink Sheets (www.PinkSheets.com) website and is available for download now.

Financial highlights for the period include:

  • Revenues: $200,031
  • Net Income: $66,360
  • Decrease in Total Liabilities from $6,574,085 at year-end 2008 to $4,142,791 at year-end 2009
  • Increase in Shareholders' Equity from $20,229 at year-end 2008 to $3,403,500 at year-end 2009

Joe Riehl, CEO of Metatron Inc., stated, "Since our launch as a public company on June 5, 2009, we have focused on building i-Mobilize, one of our most promising subsidiaries. In October, 2009, i-Mobilize had 10 software titles on iTunes with approximately 30 more titles in development. At present we have more than 630 apps for sale, 50 in review and more than 2,000 in development, so we have been aggressively building the company and our revenues. We are proud to announce positive cash flow in our first year."

About Metatron, Inc.
Metatron, Inc. operates multi-sector businesses that transact through the Internet and mobile devices, using the power of technology to make people's lives more productive and enjoyable in today's connected world. Metatron companies operate in progressive business sectors including mobile device applications, online dating, credit card processing, next-generation relational database development, and search engine advertising optimization. Metatron's i-Mobilize division provides multi-platform digital content distribution for current and next-generation channels and devices. For more information, visit www.MetatronInc.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 dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, 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.

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