JERICHO, N.Y., May 12, 2011 /PRNewswire/ -- Social Media
Ventures, Inc. (PINKSHEETS: SMVI) announced that it has begun to
market its new daily deal site, PetInThe.Net (www.PetInThe.Net)
with merchants to begin offering their products for its new launch
date of June 17, 2011. The company
has stated that they have entered into merchant agreements for
quality pet products that will be offered to the public as well as
its members at their pet-themed social networking portal,
PetsPlaces.com (www.PetsPlaces.com).
The company intends to focus its time and resources on the ever
increasing consumer market for pets in North America, with emphasis on its new daily
deal site as well as increasing membership of its pet themed social
networking site, PetsPlaces.com (www.PetsPlaces.com). "We are
currently in negotiation with a number of merchants offering pet
products, that will be offered at PetInThe.Net and we are pleased
to say that we have contracted with a number of vendors already. We
are now working on providing more synergy between the two sites and
therefore moved the launch date to June 17,
2011 for PetInThe.Net. Our goal is to achieve new customers
to quickly capitalize on this potential new revenue base for Social
Media Ventures," said Social Media Ventures CEO, Mr. Robert W. Thayer.
PetInThe.Net will offer at least one pet themed "Daily Deal"
through its portal every day. Each pet product or service will be
sold. Additional details of merchants and new agreements will be
announced shortly. Customers and members of PetInThe.Net will
receive a discounted price exclusive to PetInThe.Net. The daily
deal business model has been very successful for websites like
LivingSocial and Groupon.
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 the social networking site www.PetsPlaces.com as well as
web portals; www.PetInThe.Net and www.PetsPlacesCard.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
SOURCE Social Media Ventures, Inc.