SOURCE: Metatron Inc.

Metatron Inc.

February 26, 2010 09:00 ET

Metatron Announces Plan to Acquire Mobile Distribution Rights to Twenty-Five Major Media Content Libraries

SAN DIEGO, CA--(Marketwire - February 26, 2010) - Joe Riehl, CEO of Metatron Inc. (PINKSHEETS: MRNJ), today outlined the Company's plan to acquire the mobile distribution rights to twenty-five of the world's leading audio and video media content libraries.

"We have worked closely with legendary music producer Darryl Payne to meet with executives from many of the world's leading Music Labels and Movie/Television Studios. We have identified twenty-five media libraries that are now available to be licensed for mobile platforms. We have the opportunity to acquire many of these rights now, at a cost of approximately $5 million."

"Our board of directors sees this opportunity as a potentially defining moment for Metatron. If we are able to raise these funds and acquire these license rights, it could give our company a powerful competitive advantage that would be difficult for any competitor, regardless of size, to overcome. If successful, we believe these acquisitions could elevate our small, nine-month-old company to among the leaders in our industry, literally overnight."

"Since inception, we have raised approximately $300,000 from sales of common stock to private investors in straight equity transactions. While we believe that we have made significant progress in the development of our business in a very short period of time, we need additional and substantial equity capital to make these acquisitions and to buy the advertising required to monetize these libraries."

"We now seek to raise $5 million to further these goals, and to that end, have begun early stage discussions with private investors and private equity firms. It is for this reason that our Board of Directors has decided to increase the amount of common stock authorized from one hundred million shares to three hundred million shares, and to sell a minority ownership position in our i-Mobilize subsidiary."

"We know from personal experience that opportunities such as this come once in the life cycle of any emerging industry. Darryl Payne helped MP3.com, Sony/BMG, Pioneer, Warner Music Group, Universal, and Capitol/EMI to acquire Audio and Video libraries, well over 50,000 masters during the early stages of the digital music boom, and history shows that those acquisitions resulted in the shareholders receiving a large multiple on those investments when the company was acquired. It is our goal to corner the market for top-level mobile content and if we are successful, Metatron's investors could see the same type of appreciation in value."

About Metatron Inc.
Metatron Inc. is a diversified internet holding company with a mission to harness the power of today's online and wireless consumer interactivity to make daily life easier, more productive and more entertaining for people all over the world. For more information on the Company, please 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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