SOURCE: Social Media Ventures, Inc.

March 14, 2011 10:08 ET

Social Media Ventures, Inc. Announces PetsPlacesCard.com Growth

JERICHO, NY--(Marketwire - March 14, 2011) - Social Media Ventures, Inc. (PINKSHEETS: SMVI) is pleased to announce the company has experienced growth in the number of pet owners utilizing its pet discount drug card at www.PetsPlacesCard.com, during the past six months.

A number of prescription drugs are specifically designed for pets. Many pet owners in the United States are unaware that many of the drugs that are prescribed by veterinarians are the same "human" drugs used by people, just prescribed with different doses. Most pet owners can use their local pharmacy to have their veterinarian prescriptions filled for their pets. PetsPlaces' free discount pet drug card (www.PetsPlacesCard.com) enables pet owners to receive discounts on prescription drugs on average from 15 to 55 percent. Medications include antibiotics (Amoxcicillin, Azithromycin, and Clindamycin), hyperthyroid drugs (Methimazole), pain relievers, antidepressants (Mirtazapine, Prozac), anti-glaucoma agents (Dorzolamide), and drugs to treat diabetes, cardiovascular disease, and other conditions. PetsPlacesCard.com can be instantly printed from the web and are accepted at more than 75 percent of pharmacies nationwide.

According to the American Pet Products Manufacturers Association, spending on pets in the U.S. increased by 5.3% and reached $45.5 billion in 2009, and the pet medication market that PetsPlacesCard.com participates in is estimated to be approximately $3.7 billion. For this year, Social Media Ventures will focus on conversion optimization through its recently announced marketing strategy that includes advertising for PetsPlacesCard.com as well as its pet themed social networking site; www.PetsPlacesCard.com.

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.

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