SOURCE: Options Media Group

May 19, 2010 14:03 ET

Options Media Group Announces Q1 Results

Continues to Strengthen Balance Sheet

BOCA RATON, FL--(Marketwire - May 19, 2010) - Options Media Group Holdings, Inc. (OTCBB: OPMG), a growing force in mobile marketing and mobile social media, today announced results for the first quarter of 2010 ending March 31st. Revenues for the quarter were approximately $1.2 million with gross margins just under 71%. The Company continues to strengthen its balance sheet on a year over year basis ending the most recent quarter with cash balance of just over $708,000, current assets of approximately $1.4 million and total assets of $8.3 million. The Company has also eliminated all notes payable and long term debt.

"We are very pleased to present out latest results to our investors and other stakeholders," commented Scott Frohman, CEO of Options Media Group. "We have improved our balance sheet on almost every possible metric and we have done an excellent job in managing our expenses with our server and hosting, compensation, bad debt and G&A expenses all falling considerably compared to comparable periods. We believe our strengthened balance sheet positions us well to capitalize on the growing markets for social media and mobile phone applications we have recently entered."

Options Media Group recently announced the acquisition of PhoneGuard entering the mobile and smart phone application market. PhoneGuard is the exclusive licensee for the United States and Canada of software which safeguards cell phone and smart phones from the increasing risk posed by hackers and cyber criminals. The PhoneGuard anti-virus product is powered by technology provided by NetQin Tech Co., the incontestable worldwide leader in mobile security, including mobile anti-virus, anti-harassment, and privacy protection, with more tens of millions of current subscribers in more than 200 countries and regions. In addition to anti-virus and anti-malware software, Options Media Group also acquired PhoneGuard's rights to a state-of-the-art product that, when installed on a mobile device, prevents the user from texting while driving.

For more information on the Company's Q1 2010 results, please refer to our Form 10-Q filed with the Securities and Exchange Commission, which can be seen at www.sec.gov.

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 an 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. Options Media provides clients with access to software, hardware, bandwidth and exclusive domains and IP addresses, as well as 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 within the meaning of the Private Securities Litigation Reform Act of 1995 including continuing to strengthen our balance sheet and our belief that we are in a position to capitalize on certain growing markets. 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

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