SOURCE: Social Media Ventures, Inc.

March 16, 2011 09:44 ET

Social Media Ventures, Inc. Announces New Online Daily Deal Site, PetInThe.Net

JERICHO, NY--(Marketwire - March 16, 2011) - Social Media Ventures, Inc. (PINKSHEETS: SMVI) is launching a new online "Deal of The Day" website focused on pet products and services. The Company hopes to capitalize on its popularity with its pet social networking portal, PetsPlaces.com, with its new pet themed website, PetInThe.Net (www.PetInThe.Net ), offering savings and discounts for pet owners.

PetInThe.Net will offer at least one pet themed "Daily Deal" through its portal every day. Each pet product or service will be sold to customers at a discounted price exclusive to PetInThe.Net. The PetInThe.Net deals offered will be from all pet product categories including pet food, pet health products, pet toys as well as luxury goods for pets. This business model has been very successful for websites like Groupon, LivingSocial, and Eversave by offering many discounted deals on products and services either through the Internet or mobile phone.

PetInThe.Net will launch April 15, 2011 and is now reviewing products and services. The product and service offering will be offered online, on every given day, while at the same time providing Social Media Ventures with commissions from every transaction, everyday. Consumers, manufacturers and retail companies can register now at www.PetInThe.Net for our mailing list as well as additional information.

According to a new report from BIA/Kelsey, a media research and consulting firm, the U.S. consumer spending on LivingSocial, Groupon and other daily-deal sites will reach $1.25 billion this year, a 43% jump from $873 million in 2010.

"PetInThe.Net will be a Daily Deal Site exclusively for pet owners looking for value added services and products for their pets," said Social Media Ventures CEO, Mr. Robert W. Thayer. "Pet owners in the US and abroad will have a new online destination when looking for new and exciting products and services to provide for their extended family members. We are real excited about the potential of this site and the feedback we have received so far from companies interested in getting involved with PetInThe.Net."

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 the social networking site www.PetsPlaces.com.

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