SOURCE: Social Media Ventures, Inc.
JERICHO, NY--(Marketwired - Mar 26, 2014) - Social Media Ventures, Inc. (OTC Pink: SMVI) (PINKSHEETS: SMVI) is determined to start a new phase to re-evaluate business operations, plans and direction of the Company and to also evaluate new opportunities and relationships, with certain incidental efforts, intended to improve the outlook of the company.
While social media pursuits have shown promise, CEO Robert Thayer reflected, "building on the core social media with synergistic pursuits is fine but new and exciting areas may be warranted as a spark or fresh start."
The Company is also planning to update filings and seeking to work with lawyers, accountants, and advisors while facing mixed challenges and risks in building relationships and opportunities.
We are determined to communicate more frequently with shareholders on the progress and events, when available, though no guarantee exists of future success or results.
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.