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Metatron Inc. Announces New Business Direction
(Market Wire Via Acquire Media NewsEdge) SAN DIEGO, CA -- (MARKET WIRE) -- 07/09/09 --
Metatron Inc. (PINKSHEETS: MRNJ) today
detailed its new strategic operating plan for its re-emergence as a fully
operating, diversified internet holding company.
Based on management's extensive experience and knowledge of Web 2.0, the
Metatron business model revolves around the direct acquisition of interests
in private companies, as well as the creation of strategic partnerships or
joint ventures with synergistic businesses. Currently, the Metatron
partner companies address vertical market segments in the online dating,
mobile application development and marketing, online payment processing,
and internet consulting industries.
Metatron's business strategy, through its partner companies, over the past
few years has primarily involved the development and operation of websites
and services focused on consumer products and commercial technologies, as
well as consulting and other business relationships with non-subsidiary
companies that have demonstrated synergies with the Company's core
businesses. Metatron's strategy also entails and promotes opportunities for
strategic business relationships among and between its partner companies.
The Company expects to continue to develop, refine and synergize the
group's product and service offerings, and to continue to pursue the
development or acquisition of, or strategic investment in, additional
companies.
The following summarizes the operations of Metatron's partner companies.
-- CupidsDevil Inc. Founded in 2002, CupidsDevil enables adults to meet
online, participate in a community and form casual relationships. To boost
membership and create widespread media exposure, Cupid will soon roll out
an iPhone application, which uses a patent-pending technology called
MediaMatch to link members based on the types and frequency of their real-
world media usage. Management is not aware of any other online dating
concern doing this at the present time.
-- i-Mobilize Inc. i-Mobilize's mission is to be a leading global
provider and developer of mobile applications for the iPhone, Palm's new
Pre, BlackBerry, T-Mobile's G1 and other mobile devices. Strategy Analytics
claims the mobile content market will reach $67 billion in 2009, up 18%
from 2008.
-- Just Data, Inc. Just Data, Inc. is an Internet Payment Service
Provider (IPSP) that enables merchants to accept payments online. Just
Data's flexible solutions process credit cards, electronic checks, and
telephone orders, and work with any business model, including internet,
broadband, wireless, call centers and even retail establishments.
-- PB Magic Inc. PB Magic Inc. is an internet professional services firm
that provides consulting services in the areas of web development, mobile
software, online marketing, "Pay-per-Click" (PPC) management, SEO services
and corporate strategy to internet-based businesses. Due to management's
depth of experience, PB Magic is able to generate improved returns on
investments in advertising for its clients and base its fee structure on
the subsequent increase in cash flow.
Commenting on the new business direction, Joe Riehl, CEO of Metatron,
stated, "As I have stated before, the businesses we are pursuing are not
new for us. We have a solid history of monetizing web traffic and know how
it's done. Even in this economic environment, we believe there is still a
lot of low-hanging fruit on the internet. As we pursue rapid growth, it is
important for us to not leave anything on the table and develop the synergy
that we need to thrive. If all of our partner companies can have the same
client, that is the ultimate synergy. We look forward to a series of
announcements in the coming weeks that will update our shareholders on the
progression and revenue generation of our partners, as well as possible
relationships that are more formalized."
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. Our objective is to acquire high potential internet
properties and to monetize those operations based on our extensive
experience and knowledge of Web 2.0, the second generation of web
development and design that facilitates nearly-universal communication,
secure information sharing, interoperability, and collaboration on the web.
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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For more information contact:
Mark Cohen
Investor Relations
(619) 550-4668
mcohen@metatroninc.com
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