NightCulture Subsidiary, Stereo Live, Reports Record Monthly Revenue in February
12 March 2013 - 7:31AM
NightCulture Inc. (the "Company") (OTCBB:NGHT) is pleased to
announce that Stereo Live, a wholly owned subsidiary acquired last
August, reported record revenue for the month of February.
Unaudited revenue for the month topped $339,000 compared to
$112,849 in February 2012, a 201% increase year-over-year. The
increase in revenue was attributed to a solid month of calendar
bookings and All-Star basketball weekend events.
Michael Long, CEO of NightCulture, stated, "The acquisition of
Stereo Live has become a huge catalyst for revenue growth in our
company while giving us the ability to showcase a flagship venue
for our concerts."
About NightCulture Inc.
NightCulture Inc., "Concerts that Change Your Life", is a
premier producer of live concerts and events. NightCulture operates
in the following markets: Houston, TX, Austin, TX, Dallas, TX, San
Antonio, TX, & Oklahoma City, OK. NightCulture is the first
Electronic Music company to trade in the public markets.
Stereo Live, LLC, a wholly-owned subsidiary of NightCulture,
operates Stereo Live, a 25,000 square foot music and live events
venue located on 2 1/2 acres of land at 6400 Richmond Avenue in
Houston, Texas. http://www.StereoLiveHouston.com
NightCulture Inc. produces two branded music festivals a year,
Meltdown Music Festival in Dallas, TX
http://www.meltdowndallas.com/ and Something Wicked Halloween
Festival http://www.SomethingWickedFestival.com in Houston, TX.
Safe Harbor Statement
Statements in this release that relate to future plans or
projected results of NightCulture Inc. are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended by the Private Securities Litigation Reform Act
of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange
Act of 1934, as amended by the PSLRA, and all such statements fall
under the "safe harbor" provisions of the PSLRA. Our actual results
may vary materially from those described in any "forward-looking
statement" due to, among other possible reasons, the realization of
any one or more of the risk factors described in our annual or
quarterly reports, or in any of our other filings with the
Securities and Exchange Commission. Readers of this release are
encouraged to study all of our filings with the Securities and
Exchange Commission. Readers of this release are cautioned not to
put undue reliance on forward-looking statements.
CONTACT: Michael Long
832-535-9070
NGHT@NightCulture.com