$MRNJ) METATRON SIGNS DEAL WITH CIRCA PICTURES FOR EQUITY SWAP WITH SPECIAL DIVIDEND AND CANNABIS APP UPDATE
by Public Relations
DOVER, DE / ACCESSWIRE / November 17, 2016 / 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.
