LOS ANGELES, CA -- (Marketwire) -- 03/13/13 -- Truli Media Group, Inc. (OTCQB: TRLI), owner and operator of faith-based & family media content platform and social community hub Truli.Net, today announced that it is moving from pre-revenue to revenue-stage generation.
"This is a very exciting time for Truli and our investors," said Michael Jay Solomon, Chairman of Truli Media Group. "Now that we have built up our monthly unique visitors, added more quality and family content, and established a new online platform, we are focused on scaling up our revenue stream. For our shareholders, our growing user base will help generate revenue and increase the enterprise value of Truli. Recently launching the upgraded Truli.Net enables us to accommodate more ad space which generates additional revenue and allows us to further drive our growing user and fan base to the Truli shopping network. At our online store, we have 300,000 plus items already available through Christian Books, which does all our fulfillment. We are thrilled to reach this major milestone, and we look forward to further implementing our highly scalable business model, which includes additional profit centers, with our money and resources on hand."
Truli.com offers a unique distribution platform focused on Christian and family-friendly content that is free for users to view, interact and engage with on any mobile apparatus such as tablets, phones, smart TV, etc. Truli.com is free for ministries as many additional sermons are delivered weekly, as well as music videos, film/television content, sports, comedy and educational material. Truli offers a single platform that is flexible and easy to access to connect users, enabling the delivery of relevant and family content to the Evangelical community market of 100+ million people in the U.S. (and 700+ million outside the U.S.) representing $4.3 billion of annual gross industry sales in the U.S. alone.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Most Popular Stories
- GE Healthcare Bringing Jobs to Massachusetts
- Faith Groups Divest From Fossil Fuels
- James Foley Beheading Video Is Real Thing: White House
- Apple Stock Bounces Back Big Time
- Entrepreneur Contest Announced in Idaho
- Why BofA Won't Pay $17 Billion After All
- Obama Weighs Move on Legal Immigration
- Notes From the July FOMC Meeting
- Eric Holder Arrives in Ferguson
- Spiders Get Bigger, Reproduce Faster in Cities