Metatron/Imobilize (MRNJ) Subscription Apps and General Update Public Relations | February 18, 2011 at 11:02 pm | Categories: Performance | URL: http://wp.me/p1fbMa-cq
Apple on Wednesday launched a new in-app subscription service on its App Store for the iPhone and iPad. This is great news for Metatron/Imobilize since we have a lot of popular content that lends itself well to the subscription based model and we expect our first subscription based apps to be released next month. Management has had a lot of expereince with the recurring biling model and is confident this new type of app will add a significant and sustainable revenue stream that will build rapidly over time. The Company believes eventually this new revenue channel will surpass our conventional paid app sales and even advertising within free apps. There is nothing better than recurring auto-billing income, you only have to make the sale once and internal testing found the average drop off rate is only 10% and average amount length of subscription is six months. We believe some of our high profile clients will generate evern better recurring revenue statistics. I-mobilize is in the final stages of testing its new in-house multi-platform app store, we expect to begin taking sales next month and will announce when it goes live. Although we expected to release another PR about our new distribution partner by today, it has been delayed for various reasons. The Company wants to emphasize that the deal is finalized, contracts are signed, and work has already begun transcoding our content for the new channels. We will update everyone as soon as possible. All material information has been released in previous PR, and there are good reasons for the delay that are in the best interest of shareholders long-term. Please be patient and focus on all the other great things happening with Metatron, its only one finished deal of many in negotiation. We are still working on the latest quarterly report and preliminary app sale numbers indicate significant growth in revenue from previous quarter. The Company expects this overall trend to continue, barring any unforseen problems. The company news blog has had a record number of views today:
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 need for additional financing, which is not assured and which may result in dilution of shareholders, the company’s status as a small company with a limited operating history, dependence on third parties and the continuing popularity of the iOS operating system, general market and economic conditions, technical factors, 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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