Business
WRIT Media Group, Inc. Announces 42% Increase in Quarterly Revenue
WRIT Media Group, Inc. Announces 42% Increase in Quarterly Revenue.
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n\n\n\nWRIT Media Group, Inc. Announces 42% Increase in Quarterly Revenue\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWRIT Media Group, Inc. Announces 42% Increase in Quarterly Revenue\nPR Newswire\nBEVERLY HILLS, Calif., Oct. 10, 2017\n\n\n\nBEVERLY HILLS, Calif., Oct. 10, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) today reported revenue of $92,263 for the second quarter of its fiscal year ended September 30, 2017, representing a 42 percent increase from the previous quarter. All of WRIT Media Group's revenue was derived from the Company's Pelecoin crypto currency platform.\n\n\"WRIT Media's continued revenue growth from quarter to quarter represents the tangible value of its Pelecoin digital currency software,\" said Eric Mitchell, CEO. \"The Company is proud to offer a product that reduces price volatility and optimizing clients' mining activities through portfolio diversification. Pelecoin's unique 'mining' software allows users to mine multiple crypto currencies simultaneously – this reduces risk by spreading the 'mining' function across multiple crypto currencies.\"\n\nIn addition to enhancing the features of its Pelecoin technology, WRIT Media Group is investing in client acquisition across all businesses and geographies that will benefit from its Pelecoin platform, including large, established organizations as well as emerging growth companies. As a result, WRIT Media intends to accelerate growth by adding new business lines, new clients and expanding the digital currency \"mining\" capabilities of existing clients, as well as develop new revenue models for business growth.\n\nPelecoin is now available to the public by registering for a free Pelecoin account and by downloading the Pelecoin miner in order to start mining. For additional information and to register follow the link www.PelecoinInfo.com\n\nAbout WRIT Media Group\n\nWRIT Media Group, Inc. (OTCQB: WRIT) is a diversified media and software company whose operations include digital currency software development, including trading platforms and B...