Demand Brands Inc. (DMAN)

[StockRocket]

GREAT NEWS OUT & MY YTD SUMMARY NOTES: Key takeaways: --> From PR today first

COMPANY POSTS 4TH QUARTER EARNINGS AS REVENUE AND ASSETS GROW

LOS ANGELES, CA, March 12, 2018 (GLOBE NEWSWIRE) -- Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”) today released its year-end Financial Statements for 2017. Company revenues for the year grew by approximately 19%, EBITDA in the 4th Quarter was $13,013 and total assets increased by $158,330. The Company’s revenue during the year continued to be driven primarily by content licensing as its new platforms did not launch until late in the year and are not expected to have material impact until 2018.

Tom Coleman, CEO of Innovativ Media, said: “2017 was a year of significant developments for Innovativ Media with several asset acquisitions, the launch of CannaNet.TV http://www.cannanet.tv and http://www.localcannabisdispensary.com along with the 1st Quarter 2018 agreement to provide merchant banking services to the cannabis industry via Kush Processing http://www.kushprocessing.com. The Company has committed to focusing its media strategies on the burgeoning cannabis industry sector and we expect these investments will measurably and positively contribute to a strong financial performance in 2018.”

CannaNet.TV http://www.cannanet.tv, which launched on November 28, 2017, is an online, ad supported channel, streaming entertainment, informational and educational content related to the cannabis culture and industry and which also owns and operates localcannabisdispensary.com and http://kushprocessing.com

INMG-YEAR END STATEMENT REVIEW: GROWING REVS & CASH FLOW WITH NO DILUTION IS THE MAIN TAKEAWAY- AND REMEMBER Cannanet.tv Launched NOV. 28th so revenues are essentially for 1 MONTH- Decemeber

Other important details. Keep in mind additionally 99% of pinks earn 0 REVENUE, and are HUGE DEBT with NO POSITIVE CASH FLOW...INMG is in the TOP 1% EARNING GROWING REVS THAT WILL BE RAMPED UP SIGNIFICANLTY AND REFLECT IN Q1 2018 STATEMENT, HAS VERY LITTLE DEBT WHILE GROWING THE NETWORK, AND HAS POSITIVE CASH FLOW & GROWING ASSETS.

1- OS and FLOAT UNCHANGED- Total shares outstanding: 291,724,670- AS OF 3/7/18

2- CEO REMAINS THE BIGGEST COMMON SHAREHOLDER AND HAS NOT SOLD A SINGLE SHARE AN RUNS THE COMPANY WITH NO SALARY: The Issuer entered into a three (3) year Management Agreement on April 22, 2016 with its CEO to serve without salary in exchange for the issuance of 12,000,000 restricted shares of its common stock.
C. Beneficial Shareholders. All persons/entities beneficially owning more than ten percent (10%) of any class of the issuer’s equity securities are:
Common Stock
Tom Coleman, President Innovativ Media Group, Inc. 12021 Wilshire Blvd. #450 Los Angeles, CA. 90025 92,000,000 shares

3- NOTE EXTENDED TO SEPT. 2019 at .0261 THE VERY MINIMUM * This is very important.

The Issuer entered into a Convertible Promissory Note Agreement with River North Equity, LLC
(“RN”) dated September 19, 2017 (the “RN Agreement”) in connection with the issuance of a 6% convertible note in the aggregate principal amount of $52,500 (the “RN Note”), which has a one year maturity term (“Term”), and is convertible into shares of the Company Common Stock, at the election of the holder RN at any point during the Term of the RN Note, for a fixed price of $.0261 per share of Common Stock. Interest is accrued and deferred until the end of the Term, which has been extended to September 19, 2018.

4- Revenue $228, 945 for 2017 up from $185,955 in 2016.

5- Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents –
Beginning Cash and Cash Equivalents – Ending
$349,123 2017 vs $273,547 in 2016 = INCREASE GAIN OF +$75,576

6- REVS = $64,471 FOR Q4- HIGHEST QUARTER TO DATE
Q3-$58,008
Q2- $60458
Q1-$46,008

SO Q4 REVS WERE THE HIGHEST QUARTER TO DATE= HERE IS THE BREAKDOWN BY QUARTER: $228,945 FOR ENTIRE 2017 YEAR - Q1 + Q2+ Q3 =$164,474 = Q4 REVS = $64,471 (*AGAIN...that is really just 1 MONTH OF REVS SINCE CANNANET.TV Launched with LocalCannabisDispensary.com and Kush Processing was in Feb. 2017).