SOURCE: Social Media Ventures, Inc.

May 06, 2014 08:10 ET

Social Media Ventures, Inc. Announces Development of New E-Commerce and Mobile Website That Will Feature Daily Deal Offerings

JERICHO, NY--(Marketwired - May 6, 2014) - Social Media Ventures-- Social Media Ventures, Inc. (OTC Pink: SMVI) (PINKSHEETS: SMVI) today announced that the company has entered into an agreement to build and launch a PetsPlaces online and mobile app store. The mobile application will be compatible with both IOS and Android operating systems. The site will feature pet related items on sale as well as daily deal offerings.

The new business website, PetsPlacesDeals, will focus on sales of practical and innovative products for the pet community. The site will launch in the next 30 days and the mobile application within 90 days. The site will offer daily deals and online offers to serve the many pet owners in the United States. 

In the United States over 118 million U.S. households own at least one pet and the Company sees an opportunity to bring a unique vision to the pet marketplace, utilizing its current pet social networking site, as a marketing tool for the new online marketplace to be offered both online and in a mobile site. Potential customers will be able to shop online and also through their smartphone.

The Company hopes to utilize as a great place to announce exciting news for future offers for the online and mobile app store as well as special daily deals for specialty pet items.

The Company hopes to build a sales funnel or lead capture funnel, by first utilizing its database of members from its social networking site.

The Company continues with part of its strategy to broaden its product and service offerings as well as researching additional new sectors for new endeavors. Only statements from a company website, OTC filings, and press releases are those of the Company.

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.

Contact Information