Revenues increase
over 88% and EBITDA over 2200%
LOS
ANGELES, CA -- March 9, 2017 -- InvestorsHub NewsWire -- Innovativ
Media Group, Inc. (OTCPK:INMG)
(“Company”), a multi-media content producer and distributor, today
announced record results for its fiscal year ended December 31,
2016. Company revenues increased over 88% from $98,792 to $185,995
and EBITDA increased by over 2200% from $1,880 to $43,552, the
highest in Company history. The Company has posted 6 Quarters of
successive earnings since acquiring the Innovativ Media
entertainment assets in mid-2015.
“The
INMG media assets provide the Company with a stable and reliable
base from which we intend to build upon in the coming months with
several new projects we have been developing” said Company CEO Tom
Coleman.
About Innovativ
Media Group, Inc.
Innovativ Media Group
(Innovativ) is a developer, producer and distributor of digital
entertainment and other multi-media content. It distributes the
motion picture assets of Lux Digital Pictures and, via New Broadway
Cinema, develops adaptations of stage shows utilizing its
trademarked DigiTheaterTM Virtual Reality process. Innovativ also
operates The Alien Interview Channel on YouTube, the online channel
HPLovecraft.TV and is a principal in the Film Finance
Exchange.
http://innovativmedia.com
Forward-Looking
Statements:
This
press release contains certain "forward-looking" statements, as
defined in the United States Private Securities Litigation Reform
Act of 1995 that involve a number of risks and uncertainties.
Statements, which are not historical facts, are forward-looking
statements. The Company, through its management,
makes
forwardlooking public
statements concerning its expected future operations, performance
and other developments. Such forwardlooking statements are
necessarily estimates reflecting the Company's best judgment based
upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors
will not affect the accuracy of such.
Contact:
Investor Relations
info@innovativmedia.com 510-948-4000