Vibrant Mountain Media Provides Preliminary Fiscal

Boca Raton, FL, May perhaps 27, 2021 (Globe NEWSWIRE) — Brilliant Mountain Media, Inc. (OTCQB: BMTM), an conclusion-to-stop digital media and advertising and marketing expert services platform, these days introduced preliminary unaudited monetary outcomes for the calendar year finished December 31, 2020.

Preliminary revenues for the 12 months ended December 31, 2020 elevated an approximated 130% to roughly $16 million, as as opposed to revenue of $7. million in the previous calendar year. The enhance in earnings was principally due to continued platform progress, which include from the acquisition of the Company’s publishing division Wild Sky Media. For the complete yr 2020, preliminary internet loss from operations prior to tax is predicted to be in a assortment amongst $75-$80 million, primarily driven by non-hard cash impairment rates of approximately $61 million.

“2020 was a 12 months of innovation, income advancement and growth of our main conclude-to-close electronic media and promotion products and services system,” reported Kip Speyer, Chairman and Main Govt Officer of Vibrant Mountain Media. “Our development was highlighted by our strategic rollup system that drove growth and the opportunity for long-time period shareholder value development.

“Operationally, the finish of 2020 noticed the ongoing integration of Wild Sky Media article-acquisition that has delivered exceptional synergies and efficiencies. Wild Sky Media’s numerous website portfolio and higher than 100 million webpage views for each month is continuing to drive broad progress across a numerous array of demographics. We expect momentum to make in 2021 as the electronic advertising landscape rebounds with the predicted ongoing reopening of the economic system.

“The yr culminated with the appointment two distinguished enterprise leaders to our Board of Directors, Pamela J. Parizek and Gretchen M. Tibbits. Gretchen brings with her above 25 yrs of knowledge in administration, tactic and mergers and acquisitions, and Pamela has in excess of 30 decades of knowledge in strategic advisory, compliance, accounting, and monetary reporting. Both of those are increasing the breadth and depth of our arrive at in a important way as we shift forward into 2021.

“Looking forward, we are diligently functioning to file our yearly report and continue to seek likely acquisition candidates that suit our highly selective prerequisites, are accretive, moderately valued and complementary to our main business. With a strong pipeline, strategic growth initiatives in location, and strong earnings expansion, we are properly positioned to drive ahead our small business in 2021 and over and above,” concluded Speyer.

About Dazzling Mountain Media

Vivid Mountain Media, Inc. (OTCQB: BMTM) is an conclusion-to-close electronic media and promotion solutions platform, successfully connecting models with qualified purchaser demographics via the removal of middlemen in the advertising and marketing products and services system. The Company’s publishing division, led by Wild Sky Media, delivers considerable world attain by means of hyper-engaging articles and multicultural audiences, achieving more than 230 million users month-to-month as it tells the special stories of our most varied generation. The Company’s robust portfolio of internet sites includes Mom.com, CafeMom, LittleThings, MamásLatinas and several more. For extra information and facts, please visit www.brightmountainmedia.com.

Ahead-Searching Statements for Brilliant Mountain Media, Inc.

This push release includes particular forward-seeking statements that are dependent on present-day anticipations and entail sure dangers and uncertainties. Such ahead-looking statements can be identified by the use of terms this sort of as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes, ” and similar text. These ahead-seeking statements are not assures of potential functionality and are topic to risks, uncertainties, and other factors, some of which are further than our handle and tough to forecast and could induce precise success to differ materially from all those expressed or forecasted in the forward-on the lookout statements, together with, without the need of limitation, statements made with respect to anticipations of our potential to successfully combine acquisitions., and the realization of any anticipated positive aspects from this kind of acquisitions You are urged to diligently assessment and take into consideration any cautionary statements and other disclosures, like the statements created beneath the heading “Risk Factors” in Shiny Mountain Media, Inc.’s Once-a-year Report on Sort 10-K for the fiscal calendar year ended December 31, 2019 as submitted with the Securities and Trade Fee on May perhaps 14, 2020 and our other filings with the SEC. Brilliant Mountain Media, Inc. does not undertake any duty to update any forward-hunting statements apart from as may perhaps be demanded by law.

Trader Get in touch with:
Greg Falesnik or Luke Zimmerman
MZ Group – MZ North America
949-259-4987
BMTM@mzgroup.us
www.mzgroup.us