LAS VEGAS, NV--(Marketwired - Nov 8, 2016) - Momentous Entertainment Group, Inc. ("Momentous") (OTC PINK: MMEG), a diversified media company with a focus on technology that creates, produces and distributes quality content across various media channels, announced today that it is in the process of acquiring content for a beta launch of its streaming site destined for integration into Poolworks Germany LTD, one of the largest social media companies in Germany.
In a news release issued last July, Momentous stated it would provide entertainment content to Poolworks' social media sites, StudiVZ and MeinVZ. The Company would deploy a Momentous online branded network with a full end-to-end OTT streaming solution and the service would be offered on an ad driven basis, a pay-per-view, and a recurring monthly subscription fee model.
It was also stated that Poolworks and Momentous Entertainment would share in the multiple revenue streams from advertising sales, transactional Video on Demand (VOD) and monthly subscription fees charged to Poolworks' members who choose to sign up for the Subscription Video On Demand (SVOD) service.
According to Momentous CEO, Kurt Neubauer, "Content is King. John Pepe, Jr., Chief Operating Officer of Momentous, has been working tirelessly to set up superb content suitable for streaming on Poolworks' social media websites, thus creating recurring monthly revenue."
Mr. Pepe stated, "Our goal is to provide the right content combinations to attract member signups that will continuously renew their monthly subscriptions. Once the system is integrated and operational, Momentous Entertainment will offer additional video channels as they become available, providing more viewing options for the Poolworks subscriber base."
About Poolworks Germany Ltd.
Poolworks' StudiVZ and MeinVZ record more than 10 million registered users between the ages of 16 and 59 and over 45 million page impressions per month. Established in Germany in 2005, Poolworks has evolved into a recognizable household name by developing new platforms, integrating content, and marketing social games. To learn more, visit Poolworks' websites: www.studivz.net and www.meinvz.net.
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. is a diversified media company with a focus on technology that creates, produces and distributes quality content across various media channels. Momentous has a combined management experience of more than 100 years in entertainment, technology and marketing. Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels:
To learn more, visit Momentous Entertainment Group's websites:
Products Site: www.momentousent.com
Music Site: www.momentousmusic.com
Music One Corp www.music1.biz
This press release may contain forward-looking statements, including information about management's view of Momentous Entertainment Group Inc's (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.