LOS ANGELES, CA–(Marketwired – August 13, 2015) – Social Reality, Inc. (OTCQB: SCRI), an Internet advertising and platform technology company that provides tools to automate the digital advertising market, today announced second quarter 2015 financial results. Revenue for the quarter ended June 30, 2015 was $10,761,573, an increase of 3,786% over the second quarter of 2014, and a 168% increase over the first quarter of 2015.
“We are excited by the rapid growth that we are experiencing. This growth validates the synergies of the investments we made at the end of 2014. We are also very proud of the team for achieving net income profitability in the second quarter, as this has been a long-term goal for the company and adds us to a short list of profitable advertising technology companies,” said Christopher Miglino, Social Reality’s CEO and Chairman.
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“Dave Peterson and his team have demonstrated within a very short period of time how they are able to successfully execute on their business plan with clear vision and focus. This is becoming an increasingly competitive market riddled with uncertainty in regulation and consumer opinion. However, KURE has gone above and beyond those challenges by continuously innovating its products and customer experience. In our opinion, KURE has cleared one of the most difficult market obstacles by bridging adoption by all types of consumers”, said Marty Sumichrast, Chairman of Level Brands Inc.
The capital raised will be used primarily to expand KURE’s retail store expansion in the United States. Currently, KURE has successfully opened KURE Vaporium stores in the Charlotte, North Carolina area and in Boca Raton, Florida. Three additionalCharlotte area stores are currently in the build-out stages and are scheduled to open within the next three months. The Boca Ratonstore, which opened early May of this year, has its grand opening party set for June 13th.
KURE has completely elevated the meaning of consumer experience in the vaping industry and effectively created a new category with its unique, up-scale Vaporium lounges. KURE Vaporium & Lounges feature “industrial-chic” decor, a welcoming and helpful staff of “Kurators” – all well-stocked with the most recognized brands in vaping products including KURE’s own premium line of vapor hardware and e-Juices.
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