SOURCE: Social Media Ventures, Inc.

January 25, 2010 08:30 ET

SMVI Signs Agreement for Free Discount Pet Prescription Card for PetsPlaces.com

71% of Dog and Cat Owners Use Pet Meds, According to Packaged Facts; And Americans Will Have Spent $45.4 Billion on Pets in 2009, According to the APPA; That's a 5.1% Increase From 2008, and Nearly Double Pet Spending a Decade Ago

JERICHO, NY--(Marketwire - January 25, 2010) - Social Media Ventures, Inc. (PINKSHEETS: SMVI) is pleased to announce that it is has signed an agreement for a discount drug prescription card, exclusively for pet owners, for the Company's innovative social networking site for pet owners, PetsPlaces.com (www.PetsPlaces.com).

The discount pet drug card is completely free and made possible by an agreement executed by Management of SMVI with a discount drug card provider. The card, which will be available through PetsPlaces.com, will provide savings for pet owners whose pets require prescription medication. The agreement provides SMVI with $0.50 per transaction for anyone using the discount drug card from PetsPlaces.com and its affiliate sites.

"This card provides fantastic savings for our pet owners at PetsPlaces.com, whose pets require prescription medications," said Robert W. Thayer, CEO of SMVI. "We are excited about the potential revenue that can be generated from the use of this card at PetsPlaces.com. We are very hopeful that this card, which will be free, will create a new, sustainable revenue model for PetsPlaces.com in this upcoming New Year."

The card will be available in the next 30 days through a URL link provided by SMVI, through PetsPlaces.com. Consumers will be able to simply print the card from their home or office computer, and present the card at participating pharmacies to receive a discount. Discounts will be available for pet prescription medications only and savings will vary.

About Social Media Ventures, Inc.

Social Media Ventures (SMVI) is an online media venture company, creating and acquiring niche social networking websites as well as revenue generating web sites. SMVI will integrate an online advertising program that focuses on attracting advertisers to its core demographics for each social networking site. Currently SMVI operates next-generation social networking sites including www.petsplaces.com and www.rocktag.us.

Forward-looking statements: This press release contains certain forward-looking statements, which are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals or expectations, containing words such as "expect," "believe," "should," "anticipate," "intend," "plan," "may," "will" Or similar expressions reflecting something other than historical fact are intended To identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks, uncertainties and assumptions that are difficult to predict and that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of acquisitions and the integration of such businesses with those of the Company, competition, technological changes, the ability to obtain financing and other factors. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

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