SOURCE: Options Media Group

August 19, 2010 08:30 ET

Options Media Group Enhances Management Team -- Provides Investor Update

BOCA RATON, FL--(Marketwire - August 19, 2010) -  Options Media Group Holdings, Inc. (OTCBB: OPMG), a growing force in mobile applications, marketing and mobile social media, today announced an enhancement to its management team with the addition of Mr. Paul Taylor who will serve as President and a director of the Company. Mr. Taylor has an extensive business background offering many years of accounting, finance and management experience gained from corporations in the investment, manufacturing and software industries. His primary role within the Company will be to oversee the introduction and expansion of the PhoneGuard products in the U.S. and Canadian markets. He will also be in charge of consolidating the Company's internal costs, overseeing risk management and streamlining the Company's operations.

"I'm delighted at the opportunity to work closely with this management team and I am very excited about our future prospects. While a significant amount of our corporate resources are now being devoted to PhoneGuard's Mobile Security and our next generation of Safe Driving No Texting While Driving products, we also remain excited about our existing business lines in the areas of permission-based e-mail and mobile marketing. We are now moving into the strongest sales season for these products and we believe they will continue to supply meaningful revenues for Options Media Group. I am extremely enthusiastic about the new product lines we are offering to the very fast-growing mobile and smart phone markets. Applications are clearly driving the dynamic cell and smart phone markets and we intend to be an important player relative to this area."

Options Media's interests and recent investments in cell phone and PDA mobile applications, and other cell phone based opportunities previously executed by the Company, complement OPMG's traditional media operations and represent exciting products and applications that tie directly into the traditional marketing skills of the Company's well seasoned marketing staff and creative professionals. The Company's activities in this space are handled through its wholly-owned subsidiary, PhoneGuard Inc.

Since Options Media Group announced the acquisition of the license to the PhoneGuard software, the Company has received encouraging interest from independent wireless stores as well as qualified nationwide retail chains. Furthermore, many prospective customers are currently in the due diligence phase and/or are testing PhoneGuard products in key U.S. markets prior to establishing contracts, releasing announcements and/or implementing regional/local advertising campaigns. Based on this activity, the Company is expecting excellent financial results from related retail revenue streams by the fourth quarter of this year.

Scott Frohman, CEO of Options Media Group commented, "The number of retail establishments offering PhoneGuard is growing rapidly and we expect many more retailers to be coming on board very soon. Our growing list of mobile-oriented retailers is now listed on our website at www.phoneguard.com. For wireless-oriented retailers, being able to 'up-sell' additional products to their customers is an important part of their profit base and we believe our mobile application products fit well into this model. We believe PhoneGuard will represent a significant revenue stream for our Company going forward, as more retailers begin selling this revolutionary product line. We are also working diligently on a next-generation Safe Driving No Texting While Driving product that we intend to bring to market very soon. We believe the features and functions we have built into this product will be superior to anything on the market today." www.safe2text.com

Options Media Group acquired the PhoneGuard license during the second quarter of 2010, marking the Company's entrance into the large and lucrative U.S. and Canadian mobile and smart phone applications market for Mobile Security and "Safe Driving" software. The PhoneGuard Mobile Security product is powered by technology provided by NetQin Tech Co., under an exclusive license in the U.S. and Canada. NetQin is the incontestable worldwide leader in mobile security, including mobile antivirus, anti-harassment and privacy protection, with approximately 51 million subscribers at present in more than 200 countries and regions representing seven languages.

Mr. Frohman continued, "We have recently hired the Investment Banking firm Spencer Clarke, LLC in New York to represent Options Media Group. We anticipate our bankers will focus on strategic acquisitions and opportunities to grow our corporate footprint in our space."

Reid Drescher, President & CEO, at Spencer Clarke in New York commented, "We are excited to have the opportunity to represent Options Media Group. The company clearly has demonstrated its ability to grow its core business and simultaneously create new business lines that may have a material impact on the company and the community. The mobile applications space is a rapidly growing area we look forward to developing."

About Options Media Group Holdings, Inc.
Options Media Group Holdings, Inc. is a growing force in mobile marketing and mobile social media. The Company provides email services for on-demand email marketing to create, send and track professional and permission-based email marketing campaigns. Additionally, Options Media provides precision direct marketing solutions including email marketing, SMS/mobile marketing, SMS/keyword marketing, custom lead generation and creative services. The Company also provides clients with access to software, hardware, bandwidth and exclusive domains and IP addresses as well as with the ability to upload and manage subscribers and review and upload campaigns and track results for a 360-degree full-service customer marketing solution.

Safe Harbor Statement
This press release contains forward-looking statements including: future prospects, our products providing meaningful revenues, expected financial results and revenue streams by the fourth quarter of 2010, expected increase in retailers offering PhoneGuard, belief that PhoneGuard will represent a significant revenue stream for the Company, planned growth and growth prospects. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets, the failure to enter into distribution agreements with major retailers, wireless carriers or security software vendors to distribute our newly acquired software and the failure to gain market acceptance of the software.

Further information on Options Media's risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2009. Any forward-looking statement made by Options Media in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact Information

  • Media Contacts:
    Joe Noel
    Tel: (925) 922-2560