BEVERLY HILLS, Calif., Dec. 19, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) today has reported sales of over $2.25 million USD through December 15, 2017. Sales during the third quarter of its fiscal year, which ends on December 31, 2017, represented a 2400 percent increase from sales in the previous quarter. All of WRIT Media Group's sales were derived from the Company's Pelecoin crypto-currency platform and sales of its Pelecoin Miner hardware system, which is preloaded with Pelecoin mining software.
"We're encouraged as we see the Company's sales trend up with the overall macro trends that have been apparent with Bitcoin and other digital currencies over the past several quarters," said Chief Executive Eric Mitchell. "WRIT Media's continued sales and revenue growth from quarter to quarter represents the tangible value of its Pelecoin digital currency software.
The Company's Pelecoin ("PLCN") is a token which is emitted based on the Pelecoin software platform that enables the simultaneous "mining" of a basket of up to fifty crypto-currencies, combined with a trading algorithm that liquidates the most profitable coins and/or trades between them to make the basket more valuable.
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.Pelecoin.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.
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, Pelecoin Smart Contracts 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 other trademarks belong to their respective owners.
SOURCE WRIT Media Group, Inc.