SOURCE: Social Media Ventures, Inc.

September 03, 2010 06:30 ET

Social Media Ventures, Inc. Applies for Corporate Governance Certification With the International Council for Corporate Governance

JERICHO, NY--(Marketwire - September 3, 2010) -  Social Media Ventures, Inc. (PINKSHEETS: SMVI) announced today that it has applied for a Level 1 certification with the International Council for Corporate Governance (ICCG). The certification application is a 2 step process. First a Questionnaire to be filled out by a company executive that will be reviewed by the ICCG Audit Committee. Then the company's Executives and Board of Directors will have to adopt a code of Ethics prepared by ICCG. If satisfactory, ICCG will then issue a certification and all details will be published on www.socialmv.com

"We are adopting a code of ethics for SMVI and ultimately adding value to the company and to our investors," stated Mr. Robert W. Thayer, President of SMVI.

About The International Council for Corporate Governance:
The International Council for Corporate Governance is an International membership organization that provides publicly traded companies with a practice model for Corporate Governance Disclosure. Their goal is to increase the standard of corporate transparency and corporate governance disclosure to increase investor confidence. For more information please visit: www.i2cg.org

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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