SMVI Launches "Virtual Goods" for PetsPlaces.com
25 November 2009 - 1:19AM
Marketwired
Social Media Ventures, Inc. (PINKSHEETS: SMVI) is pleased to
announce that it has completed the first phase of its planned
virtual goods software platform for members of the Company's
innovative social networking site for pet owners, PetsPlaces.com
(www.PetsPlaces.com ). The virtual gifts program is now active for
all registered members of PetsPlaces.com.
A Virtual Gifts Boutique is now available for all registered
members of PetsPlaces.com. Members of the online pet community can
choose from holiday theme gifts as well as unique gifts that
members can send to their friends online, based on the activity
points earned through their member profile page at
PetsPlaces.com.
The company's timing is certainly good: a recent report
suggested that the virtual goods market could be worth over $400
million this year, and approximately $5.5 billion globally.
In addition to providing greater engagement among members of
PetsPlaces.com, Management plans to integrate an ecommerce feature
in which members will be able to purchase additional "exclusive"
virtual gifts though member PayPal accounts to earn revenue.
"The response from members of PetsPlaces to our Virtual Gifts
program has been very positive," said Robert W. Thayer, CEO of
SMVI. "We are excited about the potential of entering this market
and understand how virtual gifts provide an enjoyable experience
for our online community at PetsPlaces.com. We are very hopeful
that our virtual gifts program will create a new, sustainable
revenue model for PetsPlaces.com in this upcoming New Year."
About Social Media Ventures, Inc.
Social Media Ventures (SMVI) is an online media venture company,
creating and acquiring niche social networking websites as well as
revenue generating web sites. SMVI will integrate an online
advertising program that focuses on attracting advertisers to its
core demographics for each social networking site. Currently SMVI
operates next-generation social networking sites including
www.petsplaces.com and www.rocktag.us.
Forward-looking statements: This press release contains certain
forward-looking statements, which are made pursuant to the "Safe
Harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Statements of future goals or expectations, containing
words such as "expect," "believe," "should," "anticipate,"
"intend," "plan," "may," "will" Or similar expressions reflecting
something other than historical fact are intended To identify
forward-looking statements, but are not the exclusive means of
identifying such statements. These forward-looking statements
involve a number of risks, uncertainties and assumptions that are
difficult to predict and that could cause actual results to differ
materially from those currently anticipated. Factors that could
cause or contribute to such differences include, but are not
limited to, the successful completion of acquisitions and the
integration of such businesses with those of the Company,
competition, technological changes, the ability to obtain financing
and other factors. The Company undertakes no obligations to revise
or update any forward-looking statements in order to reflect events
or circumstances that may arise after the date of this press
release.
Contact: Social Media Ventures, Inc. www.socialmv.com Email:
ir@socialmv.com Tele: (516) 204-4843
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