Business
WRIT Media Group, Inc. Announces Fivefold Increase in Quarterly Revenue
WRIT Media Group, Inc. Announces Fivefold Increase in Quarterly Revenue.
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n\n\n\nWRIT Media Group, Inc. Announces Fivefold 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 Fivefold Increase in Quarterly Revenue\nPR Newswire\nBEVERLY HILLS, Calif., Aug. 22, 2017\n\n\n\nBEVERLY HILLS, Calif., Aug. 22, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) today reported revenue of $64,985 for the first quarter of its fiscal year ended June 30, 2017, representing a 571 percent increase from the previous quarter, following the launch of its Pelecoin crypto currency platform.\n\n\"WRIT Media's growth this last quarter is a reflection of the tangible value and high-quality software that we provide to our clients,\" said Eric Mitchell, CEO. \"WRIT Media Group takes pride in reducing digital currency volatility and optimizing clients' mining capabilities by providing unique \"mining\" software that allows users to mine multiple crypto currencies simultaneously – this reduces risk by spreading the \"mining\" function across several 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 the use of 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 clients and expanding the \"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 Blockchain solutions, content production and distribution; and video game distribution via mobile platforms.\n\nThe Co...