FOR IMMEDIATE RELEASE
Truli Media Group Begins Trading as Public Company – Ticker Symbol TRLI
LOS ANGELES, CA – September 11, 2012 — Truli Media Group, Inc., (OTCBB: TRLI), which owns and operates Christian media content platform and social community hub Truli.net, today announced it has begun trading as a fully SEC reporting public company on the OTCBB with the stock ticker symbol TRLI.
Its transition to a publicly trading company is the result of the Company’s recent merger with S.A. Recovery (OTCBB: SARY), a subsequent name & ticker symbol change — all of which were completed last month.
Truli was founded, funded and is led by veteran worldwide media and content distribution executive Michael Jay Solomon. With over 50 years of experience, Mr. Solomon is the former co-founder, Chairman and CEO of Telepictures Corp, later merged into Lorimar-Telepictures, which later merged with Warner Bros. International Television where, as President, he built the world’s largest television content distributor.
At Truli, he has built a senior management team of carefully selected, seasoned industry executives. After a year and half of extensive planning, corporate and website development and content aggregation the Company launched operations with Truli.net in July. Today, Truli.net is an innovative, robust platform that hosts a vast and fast growing library of on-demand and queried media including sermons, music, books, audio and music videos, concerts, movies, comedy and specialty programming — all within a trusted social network of shared affinity.
“Our business model is simple, conceived for the 21st century using advanced interactive technologies,” Truli Media Group Founder, President and CEO Michael Jay Solomon explained. “We provide a free, robust and highly interactive online distribution platform which directly connects individuals worldwide to a vast community of Christian and family content and social network hubs. Annual sales in the U.S. Christian retail industry are $4.3 billion. International sales are estimated at about $4.5 billion or more.
“All of our globally aggregated content is provided to Truli.net for free. We monetize that content through multiple revenue streams including advertising, e-commerce such as books, music, movies, educational materials and games, sponsorship, pay per view events and more – none of which we actually inventory physically.
“All the rest is successful execution, at which I and my team are well experienced and quite capable,” Mr. Solomon added.
Recognizing a need for a simple and centralized vast library of family and faith-based subject matter combined with unifying social interaction, a team of ministry leaders, technologists, artists and business people gathered to address this need on behalf of the Evangelical Christian community, estimated at more than 100 million people in the U.S. and over 700 million internationally.
With representatives in Dallas, Miami, Denver and Atlanta, Los Angeles-based Truli Media Group is led by Michael Jay Solomon and an experienced team of industry and ministry leaders. Collectively, they aggregate family friendly, faith-based Christian quality content, music, film and manage a platform for collaborative, social networking amongst members of the Christian community worldwide, allowing them to share, communicate and deepen their faith together.
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