INNOVATIV MEDIA GROUP (INMG) POSTS RECORD 2016 FINANCIAL RESULTS
Revenues increase over 88% and EBITDA over 2200%
LOS ANGELES, CA -- March 9, 2017 -- InvestorsHub NewsWire -- Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced record results for its fiscal year ended December 31, 2016. Company revenues increased over 88% from $98,792 to $185,995 and EBITDA increased by over 2200% from $1,880 to $43,552, the highest in Company history. The Company has posted 6 Quarters of successive earnings since acquiring the Innovativ Media entertainment assets in mid-2015.
“The INMG media assets provide the Company with a stable and reliable base from which we intend to build upon in the coming months with several new projects we have been developing” said Company CEO Tom Coleman.
INMG Security Details Share Structure
Market Value1 $1,008,313 a/o Apr 12, 2017
Authorized Shares 250,000,000 a/o Nov 04, 2016
Outstanding Shares 186,724,670 a/o Feb 03, 2017
Float 57,111,602 a/o Feb 03, 2017
Per the last Q recently filed CEO owns 92M of the 186M OS.
C. Beneficial Shareholders. All persons/entities beneficially owning more than ten percent
Quote:
(10%) of any class of the issuer’s equity securities are: Common Stock 92,000,000 shares
Tom Coleman, President Innovativ Media Group, Inc. 12021 Wilshire Blvd. #450 Los Angeles, CA. 90025
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