Metatron Inc. Restructuring Company Debt and Launching New Artificial Intelligence Applications Division

Dover, DE, Sept. 13, 2022 (GLOBE NEWSWIRE) — Metatron Inc. (OTC Pink: MRNJ), a mobile and web technology pioneer with more than 2,000 apps on iTunes and Google Play, is pleased to announce that the company is currently working to restructure corporate debt obligations in addition to the company’s official launch of an artificial intelligence applications division within Metatron, Inc.

The Company is currently working in good faith with creditors to consolidate, restructure and improve the Company’s debt securities. The more favorable terms and consolidation will help the Company improve and streamline the Company’s balance sheet and financial reporting. Details of the restructuring will be announced upon completion and final execution.

Having years of success in the mobile and web technology sectors, the company sees artificial intelligence (AI) as the unbridled beast of future technological growth. The size of the global AI market was valued at just $65 billion in 2020. Growth projections put the compound annual growth rate at 38% through 2030, when the industry is expected to reach 1.58 trillion dollars according to Allied Market Research.

The demand for intelligence systems is expected to witness phenomenal growth, propelling the global AI market. North America led the AI ​​market in 2020 and North America is expected to continue dominating the industry in the coming years as high-spending AI solutions are expected by both the government and public sectors.

Metatron assembles the new division so that it can focus solely on AI solutions. The team being built will be led by a team based here in the United States, combined with programming experts from around the world. The company has already formed a Divisional Launch Committee (DLC) and preliminary meetings with project leaders in Europe include discussions about building programming teams in North America, Europe and India.

The company looks forward to providing additional updates on the new AI applications division in the days and weeks ahead. Metatron is accelerating the launch of this new division as it seeks to establish a firm foothold in a growing industry. The company plans to announce the development of its first AI product during September.

Forward-Looking Statements: All statements made in this press release that are not historical facts contain certain forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, regarding potential developments affecting the business, prospects , financial condition and other aspects of the company to which this press release relates. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company’s operations generally, to differ materially from what is projected. in these forward-looking statements. Although these statements are based on the best judgments of the company’s management as of the date of this release, material deviations in magnitude, timing and other factors may result from business risks and uncertainties, including , without limitation, the company’s need for additional financing, which is unsecured and which may result in shareholder dilution, the company’s status as a small company with a limited operating history, the dependence on third parties and the continued popularity of the iOS operating system, general market and economic conditions, technical factors, revenue receipt and other factors, many of which are beyond the company’s control . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Further, neither we nor any other person assumes responsibility for the accuracy or completeness of such statements, and we disclaim any obligation to update the information contained in any forward-looking statements. Metatron does not grow, sell, or distribute substances that violate United States law or the Controlled Substances Act.

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