NightCulture Inc. Announces Q1 Results

HOUSTON, May 15, 2015 (GLOBE NEWSWIRE) -- NightCulture, Inc. (OTCBB:NGHT) (the "Company") announced operating results for the quarter ending March 31, 2015, including an 8% decrease in revenues to $1,170,084 in Q1 2015 compared to $1,264,685 during the same period in 2014. The Company reported an operating loss of $105,132 in Q1 2015 compared to an operating loss of $197,136 in the Q1 2014 reporting period. The Company reported a net income of $796,454 or $0.01 per share, compared to a net loss of ($897,936) or ($0.02) per share in Q1 2014. The gain in Q1 2015 includes a gain on change in fair value of derivative liability of $955,266 while the net loss for Q1 2014 included a loss on change in fair value of derivative liability of $612,026.

NightCulture produced 62 shows in Q1 2015 up from 48 in Q1 2014, a 29% increase.

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. NightCulture was the first Electronic Music company to trade in the public markets.

NightCulture Inc. produces two major music festivals. "Something Wicked" Halloween Festival, which drew over 40,000 fans 2014 in Houston, TX. & "Something Wonderful" Festival in Dallas, TX made its debut in 2015

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.

CONTACT: Michael Long 832-535-9070

Source:NightCulture Inc.