MIAMI, Oct. 28, 2015 /PRNewswire/ -- World Media & Technology Corp. (www.worldmediatech.com) (OTCQB: WRMT) today announces that it expects to report revenues of over $500,000 for the quarter ended September 30, 2015. This is the first quarter of revenues reported by the business since its inception and the Company expects revenues to continue to grow in each successive quarter.
Fabio Galdi, World Media & Technology's CEO, said, "This is yet another significant event for the business as we start to deliver our revolutionary and proprietary new products and services to customers across the world. This is just the beginning. We look forward to even greater sales in this current quarter. We also anticipate a strong EBITDA improvement as we get closer to operational profitability as our products begin to ship, following a sustained period of investment in high level research and development of our unique products and services."
About World Media & Technology Corp.
World Media & Technology Corp. designs, manufactures and sells wearable technology products and services underpinned by the provision of voice and data services using new, market-beating proprietary mCell5GHz technology and network communication services, delivered under the "SPACE" brand. For further information, see www.worldmediatech.com.
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group and with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE World Media & Technology Corp.