SOURCE: Multimedia Platforms, Inc.

Multimedia Platforms, Inc.

August 06, 2015 07:30 ET

Multimedia Platforms Provides Shareholder Update for the First Half of 2015

Nears Launch of, an Online Destination for Entertainment Shows, News, Travel, Shopping, Business Directories & More

FT. LAUDERDALE, FL--(Marketwired - Aug 6, 2015) - Multimedia Platforms, Inc. (OTCQB: MMPW) ("MMPW" or the "Company"), the only LGBTQ publicly traded media company, today is providing shareholders with an update for the first half of 2015. Many of the goals set in place for the Company's sales and growth development have been met and exceeded. 

Bobby Blair, Chief Executive Officer of Multimedia Platforms, stated, "In 2015, my team and I set out to achieve several milestones including achieving statewide expansion of our print publication distribution, taking the company public, acquisition of at least two major media companies with nationwide distribution footprints plus online traffic, and increased sales revenue. We are pleased to have accomplished so much in a short amount of time and are even more optimistic about the opportunity we have in front of us the remainder of this year and beyond." 

Corporate Highlights:

  • Went public in January 2015;
  • Initialized successful fund-raising campaign;
  • Acquired FunMaps and during the first quarter of 2015 with 80 cities, over 3,000 locations listed and over 5 million unique readers;
  • Increased print distribution of Florida publications, Agenda and GUY Magazine, statewide;
  • Acquired NEXT magazine, NYC's Premiere LGBT magazine brand with hundreds of thousands of unique web visitors and print readers in the United States and around the world;
  • Development of, an entertainment and social media network to be launched during the fourth quarter of 2015.

Bobby Blair continued, "From small and local markets to Wall Street and Fortune 500 companies, MMPW offers advertisers a unique platform for marketing directly to the LGBT community, an over $850 Billion U.S. market, and $3 Trillion global market, with proven brand loyalty to LGBT-friendly businesses. The launch of will add the elements of entertainment, news, and social interaction to increase the online traffic and create many additional opportunities for both users and advertisers." is scheduled to launch on October 31, 2015 and is designed to be an online destination for entertainment shows, news, travel information, shopping, and business directories and social networking in a virtual LGBT community.

A message from Bobby Blair:

Multimedia Platforms Inc. ("MMPW") is a publicly traded industry-leading multimedia technology and publishing company that integrates print media with social media, and related online platforms, to deliver information and advertising to niche markets. MMPW teams utilize its proven business model to deliver niche publications and online platforms that target one of the most sought-after demographics in the world, the Lesbian, Gay, Bisexual and Transgender population. MMPW has recently expanded its concept to include video and mobile applications reaching deep into the international LGBTQ community. MMPW's top brands include The Agenda, a Florida-based weekly LGBTQ newspaper covering world, national and local news and events; and Guy Magazine, a weekly entertainment and lifestyle full-color publication covering the burgeoning South Florida LGBTQ marketplace. MMPW's NEXT magazine, NYC's Premiere LGBT magazine brand, brings hundreds of thousands of unique web visitors and print readers in North America and around the world. MMPW's interweaving of print, web and mobile delivery of the highest quality news and entertainment information via a variety of platforms crosses all cultural, generational and preferred modality barriers to reach an unprecedented audience.

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SAFE HARBOR STATEMENT: Any statements that are not historical facts contained in this release are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends, " "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or required licenses, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the companies do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.

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