SMVI Social Media Ventures Inc (CE)

Social Media Ventures, Inc. (PINKSHEETS: SMVI) is pleased to announce that its pet social networking portal, www.PetsPlaces.com, has experienced an increase of 300% of global internet users who visit the site, according to www.alexa.com.

"The pet market continues to be one of the few markets in the United States that has not been affected by this economy and we are excited by the many positive possibilities presented to SMVI by operating this site. The pet market is and remains one of the most exciting and potentially lucrative markets for SMVI," stated Robert Thayer, CEO of Social Media Ventures, Inc.

Petsplaces.com consists of an online community of pet enthusiasts all of whom contribute photos, biographies and messages from their pets, accompanied by photos and messages from their pet friends. Members are able to create custom home pages for their pets as well as create blogs and send virtual pet gifts. The company hopes to increase revenue by attracting paying advertisers through its recently announced email marketing campaign as well as through the promotion of its free pet discount drug card found at www.petsplacescard.com.

The American Pet Products Association released its annual comprehensive review of spending data and reports. The report shows that overall spending in the pet industry grew from $43.2 billion in 2008 to just over $45.5 billion in 2009. Trumpeting the premium demographic shift, households earning $70K or more annually increased their share of the aggregate pet market expenditure from 28% in 1995 to 49% in 2005, representing more than a tripling in $70K+ household expenditures from $5.2 billion to $18.6 billion, according to Packaged Facts.

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 websites. SMVI will integrate an online advertising program that focuses on attracting advertisers to its core demographics for each social networking site. Currently SMVI operates the social networking site www.petsplaces.com.

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