WRIT Media Group Inc

(WRIT)

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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.

Pelecoin

Pelecoin crypto-currency (“PLCN”) was originally created in 2014 with the intention of integrating classic digital (like Bitcoin) with a multi-level marketing platform. The idea had unexpected success, in the first six months, PLCN was trading at two crypto-currency exchanges with approximately half a million new Pelecoin accounts. The results of the experience encouraged its founders to continue to develop Pelecoin – a structured financial product based on optimized variety of crypto-currencies. PLCN’s crypto-currency basket is created from the top 25 crypto-currencies (with high liquidity on the leading exchanges) and is optimized for the profitability of its mining.

Most users from many countries, including India, China, Indonesia, and Russia, cannot afford the expensive equipment required for effective mining of Bitcoin or Ethereum. Pelecoin solves this problem by using modern Internet channels of promotion (like social networks) to assist in creating a big referral tree. A Pelecoin user can achieve the mining power equivalent to the most expensive mining equipment, and achieve monthly income in hundreds to thousands of US Dollars. This approach opens the crypto-currency market to millions of people from around the world, allowing them to convert their Internet and social activities into real money.

Executive Overview

  • Cryptocurrency is recognized in major countries at the levels of government and central banks.
    Over the last 5 years, cryptocurrency has proven its feasibility as a currency system and has become one of the most profitable financial instruments in the internet age. Bitcoin's price has grown from 3 cents to more than $2,200 USD and its capitalization has exceeded $36.8 billion USD*. The governments and the central banks of the largest economies (including USA, G7 and EU, China, Russia etc.) have recognized cryptocurrency as an alternative form of money. Dozens of exchanges trade these digital currencies and the world's largest brokers use them in their investment strategies.
  • Emission of digital currency became a legal and highly profitable business.
    By allowing your computer to participate in network operations (the Blockchain of crypto currency), any person can become an issuer (miner) of crypto-coins that can be easily converted into fiat or "real" currency. Profitability of the Ethereum coin mining exceeds 300% per year.

Problem: what is holding investors back?

  1. Crypto Currency
    • Relatively new technology in its initial developmental stage
    • Relatively little information
    • Misunderstanding digital currency and it’s potentials
  2. Mining Digital Money
    • A cautious attitude of investors towards crypto markets and mining processes, due to view as high-risk investment
    • Equipment and mining software dependent on single crypto currency
  3. Exchange
    • Problems of converting crypto currency into conventional money

Pelecoin Solution

  1. A simple mining system
    • Equipment (rigs) can be located on the client controlled site, or on farms with 3rd party hosting companies
    • Real-time monitoring of process
    • Automatic transfer to the client's web wallets with the ability to convert into any crypto currency or USD
  2. Pelecoin - structured cryptofinancial product
    • Structured financial product based on optimized variety of crypto-currencies
    • Pelecoin’s crypto currency basket is created from the top 25 crypto-currencies (with high liquidity on the leading exchanges) and is optimized for the profitability of the mining
  3. Visa Debit Card
    • Pelecoins which the user receives from mining are converted into USD and can be used via our partners' Visa debit card (in 180 countries)
    • The user can replenish the debit card directly from the Pelecoin website.
    • The user can also withdraw funds to his wallet or a cryptocurrency exchange account
    * updated on 31/5/2017

Management

Eric Mitchell

Chairman and CEO, WRIT Media Group, Inc.

Eric has over 20 years of financial, business development, and strategic planning experience in the motion picture industry. Mr. Mitchell’s acquisition and financial talents helped Sony Pictures’ Tri-Star division acquire theatrical distribution rights to such hits as Cliffhanger, Sniper, Threesome, and Weekend at Bernie’s 2. Mitchell assisted Tri-Star in acquiring multi-picture distribution rights with Carolco Pictures; the deal generated $250 million in profit for the studio and led to such hits as LA Story, Universal Soldier, The Doors, Total Recall, Basic Instinct and Terminator 2. As an advisor to Ascendant Pictures and VIP Media Fund, the largest German tax fund, Eric participated in placing over $500 million dollars in production financing into 46 feature films. Mr. Mitchell is a graduate of Carnegie Mellon University and received his M.S. in Management from the Massachusetts Institute of Technology’s Sloan School.

Alex Keselman

Chief Technology Officer

Alex joined WRIT Media Group in July, 2017. Mr. Keselman has over two and a half decades of experience in software development and project management in the fields of finance and capital markets. His expertise includes advanced technical knowledge of software engineering, programming and product development lifecycles, as well as a clear understanding of business needs and requirements. During the past fifteen years Keselman has participated in and managed a number of complex financial software projects for several large banks, including Bank Hapoalim, Bank Leumi, and Bank of Israel, and for two stock exchanges; the Tel Aviv Stock Exchange and the Ukrainian Stock Exchange. In addition, Keselman has led the development of multiple software design products for such e-commerce companies as R2Net, one of the biggest internet-based US diamond trading systems, and Kontera, one of the biggest US internet contextual ad networks. Keselman has practical experience and an extensive knowledge of financial markets, with a specialization in derivatives and investment management. Over the past several years Mr. Keselman has become a pioneer in several of the first crypto-currency projects, including the creation of new Blockchain-based tokens and trading systems. Keselman holds two master degrees, one in civil engineering and one in mathematics from Russia.

Boris Nayflish

Director

Mr. Nayflish joined WRIT Media Group in May 2016. Boris has over five years current experience in the Financial Technology (“FinTech”) industry in the role of Senior Business Analyst and Product Owner for FIS Global, developing advanced switching algorithms, working with extra-large multidimensional databases. Boris has an excellent understanding of software product development lifecycles as well as a clear understanding of business needs in the nonstop informational environments. Lately, he is involved in variety of Blockchain-based solutions tailored to the FinTech World. Mr. Nayflish’s passion is combining business and technical know-how to assure the best product, client satisfaction, and optimized process.

From 1998-2010 Boris was involved in building one of the most successful multi-carrier shipping software companies, Smartlinc. Boris was involved in the architecture, design and development of the original patented “software engine” that allows self-optimized rates for product shipping algorithms. This product was integrated into many of enterprise resource planning (“ERP”) systems, generating millions of dollars of profits for the company.

Boris holds a degree in Business Information Systems from MBTI (Milwaukee Business Training Institute). In addition, he has master’s degree in Business Computer Systems and High Voltage Electrical Engineering from Tashkent State Technical University.

Additional Information


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WRIT Media Group Inc

Profile

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.

Contact Information

Website: www.writmediagroup.com
Main Phone: +1 310 461-3737
Address: 8200 Wilshire Boulevard
Address 2: Suite 200
State: CA
City / Town: Beverly Hills
Country: USA
Postal Code: 90211

Issuer Information

Exchange: OTCQB
CEO: Eric Mitchell
Employees: 3
Issuer Type: CS - Common Stock
Sector/Industry: Cyclical
NAICS: Motion Picture a
$ 0.20 $ -0.015 (-7.14%)
Last Price 0.20 Change $ -0.015 Change % -7.14 Tick N/A
Bid N/A Bid Size N/A Ask N/A Ask Size N/A
Open 0.21 High 0.21 Low 0.19 Prev Close 0.21
Last Trade Volume 51,648 52 Wk Hi 0.56 52 Wk Low 0.0455
Market Cap 10 mi Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 51,341,463.00 EPS (TTM) -0.03 PE Ratio N/A Exchange OTCQB