WRIT Media Group, Inc. Announces 42% Increase in Quarterly Revenue

BEVERLY 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.

"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."

In 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.

Pelecoin 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

About WRIT Media Group

WRIT 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.

The Company's portfolio of wholly owned business units include:

• Pelecoin, a new generation of digital currency, Blockchain technology solutions, and the CrypFXPro trading platform.
• Front Row Networks, a company which produces and distributes live event programming for worldwide digital broadcast to movie theaters and online streaming;
• Amiga Games, a company resurrecting the Amiga brand by publishing retro video games on smartphones and tablets;
• Retro Infinity, Inc., a video game distribution portal which publishes video games from Amiga, Atari and other "retro" brands.

Cautionary Note Regarding Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in WRIT Media Group's latest 10-K filed July 14, 2017. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Pelecoin, CrypFXPro and their related trademarks and names are the property of WRIT Media Group, Inc. and are registered and/or used in the U.S. and countries around the world. All rights reserved. All other trademarks belong to their respective owners.

SOURCE WRIT Media Group, Inc.

Related Links

http://www.pelecoininfo.com