Business
WRIT Media Group Reports Sales Increase
WRIT Media Group Reports Sales Increase.
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n\n\n\nWRIT Media Group Reports Sales Increase\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 Reports Sales Increase\nThe owner of the Pelecoin crypto-currency platform said comparable sales grew 2400% in quarter\nPR Newswire\nBEVERLY HILLS, Calif., Dec. 19, 2017\n\n\n\nBEVERLY HILLS, Calif., Dec. 19, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) today has reported sales of over $2.25 million USD through December 15, 2017. Sales during the third quarter of its fiscal year, which ends on December 31, 2017, represented a 2400 percent increase from sales in the previous quarter. All of WRIT Media Group's sales were derived from the Company's Pelecoin crypto-currency platform and sales of its Pelecoin Miner hardware system, which is preloaded with Pelecoin mining software.\n\n\"We're encouraged as we see the Company's sales trend up with the overall macro trends that have been apparent with Bitcoin and other digital currencies over the past several quarters,\" said Chief Executive Eric Mitchell. \"WRIT Media's continued sales and revenue growth from quarter to quarter represents the tangible value of its Pelecoin digital currency software.\n\nThe Company's Pelecoin (\"PLCN\") is a token which is emitted based on the Pelecoin software platform that enables the simultaneous \"mining\" of a basket of up to fifty crypto-currencies, combined with a trading algorithm that liquidates the most profitable coins and/or trades between them to make the basket more valuable. \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...