SUNRISE, Fla., April 02, 2019 (GLOBE NEWSWIRE) -- Beta Music Group Inc. (OTC PINK: BEMG) through its operating subsidiary Get Credit Healthy, Inc. (“GCH”) (www.getcredithealthy.com) an industry leading fintech company with an award-winning technology platform which simultaneously maximizes business opportunities for national lending partners while providing consumers with needed resources to improve their financial well-being, reported financial results for the years ending December 31, 2018 and December 31, 2017.
BEMG’S 2018 revenues increased almost 10%, from $962,997 in 2017 to $1,057,837. The increase in revenue is primarily due to execution of the Company’s business, sales and marketing plan, which nurtured a growing pipeline throughout the year which resulted in a large number of new partnerships and customers.
Fourth Quarter and Recent Operational Highlights
- GCH signed an exclusivity agreement with ARIVE, LLC (https://arive.com) a technology firm offering the first of its kind mortgage marketplace designed to allow independent mortgage originators access to lenders, borrowers, and third-party vendors in a seamless ecosystem.
- GCH will service the ARIVE network of more than 20 wholesale lenders including the top 3 and 5 of top 10 wholesale lenders in the country.
- GCH and ARIVE through a partnership with AIME, Association of Independent Mortgage Experts, (www.aimegroup.com) will provide up to 35,000 of AIMEs independent originators with technology to compete in a crowded marketplace and serve increasingly tech-savvy borrowers nationwide.
- GCH signed exclusive partnership with DriveItAway (www.driveitaway.com) implementing turn-key solutions for ride sharing companies, such as Uber and Lyft.
- GCH will service DriveItAway’s revolutionary technology offering temporary vehicles to Ride Share combined 4 million drivers of Lyft and Uber.
- Increased sales and executive management teams to grow GCH market share faster and to continue implementing its technology solutions for Bank and Mortgage Brokers.
- Engaged Salberg & Company, an independent certified public accountant to audit its financial statements in compliance with Securities and Exchange Commission (“SEC”) Generally Accepted Accounting Principles (“GAAP”) and engaged Jonathan Leinwand, PA to prepare Form S-1 Registration Statement to be filed with the SEC. The purpose of these engagements is to become fully reporting subject to the filing requirements of Section 15(d) of the Securities Exchange Act of 1934 during 2019.
Elizabeth Karwowski, CEO of BEMG stated, “We continue to grow our business, increase market share and help individuals improve their credit score to purchase the home of their dreams or get a better interest rate for the purchase. We are extremely encouraged that the new partnerships established in the 4th quarter of 2018 and 1st quarter of 2019 will translate into explosive growth for 2019. We have grown from $764,342 in 2016 revenues, to $ 962,997 in 2017 revenues, to record breaking $1,057,837 in 2018 revenues. We are extremely confident that the trend will continue. Based upon our new sales team hires, announced partnerships, robust business pipeline and marketing initiatives we believe we will leverage our fintech technology platform and solutions to improved market share and increased revenues going forward."
ABOUT BEMG
BEMG through its operating subsidiary Get Credit Healthy, Inc. (“GCH”) (www.getcredithealthy.com), is an industry leading fin-tech company with an award-winning technology platform which simultaneously maximizes business opportunities for National Lending Partners while providing consumers with needed resources to improve their financial well-being. GCH creates a metric driven standard to improve the process of homeownership, to increase lead recovery for national lenders and mortgage brokers. GCH artificial intelligence platform turns credit fall out into funded loans which has already facilitated over $200 million in new loan opportunities for lenders by helping consumers eliminate debt, build credit, and make sound financial decisions. Get Credit Healthy provides consumers with the tools and resources they need to eliminate debt, build credit, and make sound financial decisions.
Get Credit Healthy has showed sustained growth over the past three years and shows no signs of slowing down. Get Credit Healthy is working to increase its network of partners and is looking forward to a very promising future. Please visit the company website at www.betamusicgroup.net; twitter at www.twitter.com/bemg12 and financial information can be found at www.otcmarkets.com/stock/BEMG/profile.
Safe Harbor Statement
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
For information, please contact:
Beta Music Group, Inc.
Elizabeth Karwowski,
Chief Executive Officer
8411 West Oakland Park Blvd. Suite 202
Sunrise, FL 33351
E. ek@gch360.com
T. (877) 850-3444 Ex 7
Source
Beta Music Group Inc.