SOURCE: Options Media Group

February 03, 2010 08:30 ET

Options Media Group Further Strengthens Balance Sheet

BOCA RATON, FL--(Marketwire - February 3, 2010) - Options Media Group Holdings, Inc. (OTCBB: OPMG), a leading email service provider, permission based email, sms/text messaging marketing and mobile marketing company, announced today that holders of its remaining debt and key creditors have agreed to forgo cash payments for common stock of Options Media.

As of February 1, 2010, Options Media had no debt and over $1,000,000 in cash. The newly strengthened balance sheet will help Options Media move forward with its revised focus in the exciting and growing mobile marketing space.

"Options Media will focus its efforts in monetizing its recent acquisition of assets from WhatCounts Inc.," said Scott Frohman, Chief Executive Officer of Options Media Group. "We feel this acquisition will enable us to provide improved results for our customers. Additionally, our mobile marketing business will benefit from the overlapping synergies. I appreciate all the support from my former creditors and shareholders and look forward to building Options Media into a leader in the space."

About Options Media Group Holdings, Inc.

Options Media Group Holdings, Inc. is an email services provider 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

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including the growth of our rapidly emerging business platform. 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 continued performance of Options Media's marketing campaigns, the integration of recently acquired assets into Options Media's marketing campaigns, the current recession, a potential decrease in corporate advertising spending, potential consumer spending reductions and the condition of the domestic and global credit and capital markets.

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, 2008. 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 our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake 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

  • Contact:
    Options Media Group Holdings, Inc.
    Scott Frohman