SOURCE: Social Media Ventures, Inc.

February 01, 2010 10:29 ET

SMVI Launches Free Discount Pet Prescription Card, PetsPlacesCard.com

At the Center of Robust Global Animal Health Product Growth, the U.S. Market for Pet Medications Is Going Gangbusters, With Continued Double-Digit Sales Gains Predicted for the Foreseeable Future as All of the World's Largest Pharmaceutical Companies Move Full-Force Into the Segment, Adapting Human Technologies and Developing Pet-Specific Ones, According to Packaged Facts

JERICHO, NY--(Marketwire - February 1, 2010) -  Social Media Ventures, Inc. (PINKSHEETS: SMVI) is pleased to announce that beginning today it will distribute online its free drug discount card for pets. The card is exclusively for pet owners and can be used by members of the Company's social networking site for pet owners, PetsPlaces.com (www.PetsPlaces.com). The drug discount card is now available at www.petsplacescard.com.

Members of PetsPlaces.com, as well as interested consumers, will be able to simply print the card from www.PetsPlacesCard.com and present the card at participating pharmacies to receive a discount. Discounts will be available for pet prescription medications only and savings will vary.

Robert W. Thayer, CEO of SMVI, stated, "PetsPlacesCard.com is a great service for any pet owner. This card can be very valuable in helping alleviate the high costs for anyone purchasing pet prescription medication from their participating pharmacy. Potentially, it can prove to be an excellent revenue-producing offering for SMVI. I like the fact that it is free for our members as well as others who care for their pets."

On all types of veterinary services combined, including medical treatments and anything else spent at vet offices, such as boarding and medications, pet owners spend $19 billion annually; nearly double from 11.1 billion in 1996, according to the American Veterinary Medical Association (AVMA). SMVI hopes to capitalize on this growing market with the launch of its pet drug prescription card at www.PetsPlacesCard.com.

Any individual that purchases prescription drugs for their pet is eligible to use the card. The discount pet drug card is completely free and provides SMVI with $0.50 per transaction for anyone using the discount drug card for their pet. The card was made possible through an agreement signed with Management of SMVI and a drug discount card provider.

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. 

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