The owner of the Pelecoin crypto-currency platform said comparable sales grew 2400% in quarter
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.
In the interest of full disclosure, we call the reader’s attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.
