Metatron Inc. Commences Trading
Summary
Its mission is to harness the power of todays online and wireless consumer interactivity to make daily life easier, more productive and more entertaining for people all over the world.We feel that a larger company, combined with our new public status, will afford us easier access to capital and better opportunities to continue to execute our growth strategy.Its mission is to harness the power of todays online and wireless consumer interactivity to make daily life easier, more productive and more entertaining for people all over the world.The Companys objective is to acquire its current operating partners and monetize those, and other properties, based on 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.Management anticipates that Metatrons expansion will be both horizontal and vertical -- horizontally into new affinity-focused sites and services and vertically through development or acquisitions of applications that service the frontend.The current Metatron partner companies consist of 1) online dating site, CupidsDevil, a conglomeration of smaller dating sites operating since 2002; 2) merchant processer, Just Data, Inc.; 3) web design, development and online marketer, PB Magic, Inc., founded in 1998; and 4) mobile application developer, i-Mobilize, Inc. Each is targeted for acquisition during the 2009 fiscal year.Joe Riehl has been appointed Chairman and CEO of Metatron, replacing Steve Crane, former interim President who has resigned from the Company.Commenting on the Companys new status, Mr. Riehl said, "We first want to make it clear to the investment community that while Metatron itself might be relatively new, the driving forces behind it are not.We feel that a larger company, combined with our new public status, will afford us easier access to capital and better opportunities to continue to execute our growth strategy.In addition, the Board of Directors approved a 40 to 1 reverse stock split, with a record date of May 14, 2009.Forward-Looking StatementsAny 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.
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