****We had a record number of App Downloads on Sunday Aug 14th 2011 with over 3800 App Downloads, which is 58% higher than the daily average of 2500.*****
(Verified by independent App Sales Tracker Appfigures.com)

The Company is proud to announce that Apple has approved our latest “individual” Travel app “Norte De Chile”. Several months ago we were asked to make changes to our Apps and it looks like now we will be able to resume a more robust release schedule.

Another significant aspect of this recent approval is the new app is using a different type of video streaming technology that adapts to network conditions.

We have well over 1000 apps in the que, waiting to be uploaded and approved. The rate of release depends greatly on the Apple Review process of our Apps, which will help determine how many will be released and when they will be available for sale on iTunes. It appears Apple is satisfied that we have complied with the new requirements by their approval our new video streaming and subscription apps, and we expect the rate of apps released will increase over time.

The Company has over 4000 movies/videos/audiobooks licensed and some will be individual apps, and other will be combined into mega apps with subscriptions and in-app purchases.

We announced a 101% year over year revenue increase for 2011 Q2, but sequentially it was down 31% from 2011 Q1. The decrease was due primarily to the slow down in new app releases due to new Apple requirements, and development of subscription apps, which are now being approved for sale. 2011 Q1 had a big boost from the strong Holiday Season last year, and we expect a similar increase this year.

Also its important to note our expenses went down significantly both sequentially and year over year, offsetting revenue decline and keeping the Company profitable.

Overall we are pleased with our 101% revenue growth year over year and now with the expected increase in app approvals and new subscribers we expect revenue to to grow in the upcoming quarters.

Revenue was $111,479 for the three month period ended June 30, 2011 as compared to $55,571 for the three month period ended June 30, 2010, an increase of 101%.

2011 Q2 revenue was $111,479, a 31% decrease from 2011 Q1 revenue, which was $145,509.

2011 Q2 total expenses were $110,605, a decrease of 27% from 2011 Q1 expenses, which were $140,597.

Expenses for the three month period ended June 30, 2011 reduced to $40,361 from $88,958 operating expense for the three month period ended June 30, 2010, representing a reduction of 120%.

A number of shareholders have asked how iAds are performing. So far they only comprise 5% of our daily revenue on average, but that can vary widely depending on a lot of factors, many beyond our control. Apple is in control of most of the variables that make iAds profitable, but we are still testing and experimenting with them, and believe we can increase their efficiency.

The Company expects most of our future revenue growth will be from Subscription apps, and iAds may eventually be in the 10 to 15% range of overall revenue.

Apple is reportedly prepared to build a massive 56 million iPhones in the second half of 2011, with more than half of those being the new fifth-generation model, which we expect to increase our App sales in the near future.

Metatron (MRNJ) is one of the very few Public iPhone/iPad app companies, and the only one with 1000+ apps selling on iTunes and other platforms.

On a side note, here is some interesting news about another App developer we admire, Rovio Entertainment: (Source AppleInsider)

Rovio Entertainment, the created of the popular “Angry Birds” game, is in talks with an interested investor to receive funding that would see the company valued at $1.2 billion, according to a new report.

In March, Rovio received $42 million in funding from investors including Skype co-founder Niklas Zennstrom’s Atomico and Facebook investor Accel Partners.

We are pleased to see at least one App developer gaining interest from the larger investment groups.

Other Recent Metatron News:

101% Year over Year Revenue Growth (2010 Q2 to 2011 Q2)
Company is profitable.
New Subscription App for Sale on iTunes with more in Review.
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 recently
16 Eckhart Tolle TV Apps 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.

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