LOS ANGELES, June 5, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) announced the successful completion of Beta testing for its new digital currency Pelecoin. Pelecoin is a proprietary, structured digital currency, based on an optimized basket of the top 25 crypto-currencies. Pelecoin's proprietary algorithm optimizes currency "mining" profitability, while providing the added benefit of liquidity through the leading exchanges of digital currency.
Eric Mitchell, CEO stated "The Beta-test was proven to be very successful, and the test-users aided us by suggesting some minor changes, which we have already incorporated into the product to enhance its overall functionality. Pelecoin, has now been tested and proven to generate revenue, even with a limited number of users. We are now working closely with our developers and marketing consultants to oversee the marketing launch of Pelecoin, with a July, 2017 target date. We anticipate a welcoming response from our customers and the digital currency market in general."
Beta testing is a part of user acceptance testing, and is performed by the intended audience in order to receive user feedback for the product, and check if the product meets the objectives set by management. Pelecoin's Beta version was released to fifty test-users outside of the development team, using basic PC mining setups, to ensure that the product has few faults and bugs. During the limited three month Beta test, the Pelecoin platform generated over $11,000 in gross revenue to WRIT Media Group.
Pelecoin is now available to the public by registering for a free Pelecoin account and downloading the Pelecoin miner in order to start mining. New accounts receive an initial Pelecoin bonus, to register follow the link www.pelecoin.com/Register and when prompted use referral code:
About WRIT Media Group
WRIT Media Group, Inc. (OTCQB: WRIT) is a diversified media and software company whose operations include content production and distribution; video game distribution via mobile platforms; and digital currency software development, including trading platforms and Blockchain solutions.
The Company's portfolio of wholly owned business units include:
- Pandora Venture Capital, a financial technology company with a focus on digital currency, including; 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-Q filed December 31, 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/writ-media-group-inc-announces-its-successful-beta-test-completion-of-pelecoin-a-new-digital-currency-platform-300468386.html
SOURCE WRIT Media Group, Inc.