MIAMI BEACH, FL--(Marketwired - Dec 19, 2013) - Mindpix Corporation (OTC Pink: MPIX) ("Mindpix" or the "Company"), a technology driven media services and entertainment company focused on owning, creating and managing multi-platform music/entertainment, sports and U.S. Hispanic media properties, today announced that it has entered into an LOI for an exclusive global licensing agreement with PayMeOn, Inc. to develop B2C social commerce-focused software targeting the Media and Entertainment sectors. Mindpix will be developing applications for both PC's as well as smartphone and tablet based applications for Apple iOS and Android operating systems. The Company will roll-out new PayMeOn products aimed at generating more revenue and viewership to its owned and managed live and video on demand (VOD) music, entertainment and sporting events
The PayMeOn platform enables users to directly share, and recommend purchases of tickets and other digital elements to everyone in their social graph. Users simply "recommend" purchases to their friends across all their social networks including Facebook, Twitter, Google+, Skype, and LinkedIn. In return, users earn real cash rewards when their connections purchase one of their recommendations.
Victor Siegel, Chief Executive Officer and President of Mindpix Corporation, commented, "This global agreement with PayMeOn covering our core B2B Media & Entertainment is a key lynchpin in rolling out our proprietary SOME platform for our clients and media partners.
"SOME stands for Social Optimization and Monetization. It is a unique distribution & marketing methodology, created by Mindpix, to drive revenue from Media and Entertainment events on line and on mobile devices. Fewer consumers nowadays trust conventional advertising and are increasingly relying on recommendations from the people closest to them. With these new products, we will be driving incremental revenue and cash transactions for MindPix customers using SOME, while rewarding our users for behavior they already engage in every day. The social and monetizing aspects of this service make it an extremely smart, value-add feature for Mindpix and we look forward to rolling out the feature and mobile apps in Q1 2014."
Mr. Siegel continued, "The successful collaboration between the companies and launch of our integrated platform is of utmost importance to both of our teams. Moving ahead, we are focused on expansion in every area of our business, most notably, in top line revenue, growing our customer base and pipeline, and media service offerings -- starting with social commerce."
Said Edward Cespedes, CEO of PayMeOn, "We are very excited about this new business relationship with Victor and his exceptional team at MindPix. Their core expertise in Media & Entertainment based services is a perfect adjunct to the current focus and direction of our company. I'm looking forward to working with Victor and his team to help make their new products a huge success."
About Mindpix Corporation
Mindpix Corporation (OTC Pink: MPIX) is a technology driven multi-platform media company focused on owning, creating and/or managing multi-media entertainment and sports and US Hispanic properties across the globe. Through a unique eco-system, MPIX provides the critical on-line video technology, production, digital marketing, audience development, payment services, sponsor acquisition, digital and traditional media distribution services to drive revenue for live and VOD (video on demand) events globally.
MPIX disclosure and financial information is published on OTC Markets and can be found at the following site: http://www.otcmarkets.com/stock/MPIX/filings/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.