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Metatron, Inc. Closes Acquisition of Mobile Phone Software Developer i-MobilizeCompany Becomes Wholly Owned Subsidiary of Metatron, Inc. (September 08, 2009)
SAN DIEGO, CA -- (Marketwire) -- 09/08/09 -- Metatron, Inc. (PINKSHEETS: MRNJ) is pleased to announce today that is has completed the acquisition of i-Mobilize, Inc. for 1500 shares of its restricted shares of its common stock valued at $ .35 per share. Metatron, Inc. will also assume costs for all current i-Mobilize software and the hundreds of titles currently under development.
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 the previous year.
Metatron and i-Mobilize have operated under a joint venture agreement since July 28, 2009. During this time the combined companies have several popular mobile applications on sale now and over thirty more currently under review. Each of the apps released so far have made the top 50 in their respective categories with thousands of downloads daily, earning an average rating of four stars each.
Commenting on the acquisition, Joe Riehl, CEO of Metatron, stated, "I am please to welcome i-Mobilize to the Metatron umbrella of companies. With the surge of the mobile application market, we felt that i-Mobilize was the logical first choice. We are very excited to be teaming up with Apple iPhone for its mobile applications and our joint ability to reach multiple target markets and generate significant revenue over the next several months. This is the first of many targeted acquisitions which will be in keeping with Metatron's overall strategic monetization business model. "
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. 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. For more information on the Company, please visit www.metatroninc.com.
About 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.
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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