UPDATE: Although its only been a few days since it went on sale, we are pleased with the initial sales of our new Auto-Recurring Subscription app.

We are expecting this new app will generate more revenue than all of our other Glenn Harrold apps combined within several months, which is significant since he is one of our biggest clients and revenue generators.

Currently we are submitting more of these subscription apps for our other top clients and we expect them to be on sale soon.

Investment firms Charlie North of Needham & Company projected sales of 54 million iPads and 108 million iPhones in 2012.

In Wolf’s latest projection, the iPhone only contributed modestly to his increased price target. Instead, he has increased his models for Mac and iTunes revenue.

“In the latest numbers, iTunes saw the largest percentage increase in value, up 82.3 percent, to represent what he called “explosive growth in iOS applications sales.”

Overall Metatron’s i-Mobilize had 2800+ downloads of apps one Sunday Aug 7th, so far the most downloads in the last 30 days, we expect the trend to continue.

Recap of recent Metatron/i-Mobilize events:
First auto-recurring subscription app on sale now
46% Quarter over Quarter Revenue Growth (2010 Q4 to 2011 Q1)
Company made profit in Q1 2011
700,000+ downloads of Apps (2500+daily downloads)
1.7M iAd impressions served with 30,000+ requests a day.
500k+ total App sales according to Appfigures
1250+ Apps developed, 1000 on sale in iTunes and other platforms
2 New Video Game Apps released, more in development
Android/Roku Apps released with partner Mediafly
i-Mobilizeit.com App Store beta release (200+apps and growing)
4 New Content Deals signed
New Eckhart Tolle TV App released (#1 Best-Selling Author in Oprahs Book Club)
Glenn Harrold apps released best-selling Self-Help Author/Hypnotist in UK, his apps ranked in top 200 worldwide.
Facebook App store announced and in development
Netflix type apps in development
Corporate website:http://metatroninc.com/
Facebook Page: http://www.facebook.com/iMobilize
News Blog: https://metatroninc.wordpress.com
Twitter: http://twitter.com/metatroninc
Forward-Looking Statements: Any 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. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company’s operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s need for additional financing, which is not assured and which may result in dilution of shareholders, the company’s status as a small company with a limited operating history, dependence on third parties and the continuing popularity of the iOS operating system, general market and economic conditions, technical factors, receipt of revenues, and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement.