Social Media Ventures, Inc. - SMVI.PK
Social Media Ventures (SMVI) is an online media venture company, creating and acquiring niche social networking websites, revenue generating web sites and e-commerce properties. While most traditional social networking sites do not focus on any central theme, Social Media Ventures has decided to target those online who are specific about their interests and hobbies and would enjoy socializing with others of similar interest. SMVI believes it has done just that with its most successful social networking site for pet enthusiasts.
Social Media Ventures, Inc.
OTC Pink Sheets: SMVI
471 N. Broadway, Suite 207
Jericho, NY 11753
(516) 204-4843 Telephone:
(516) 908-4894 Fax: www.SocialMV.com
Social Networking Portal
SMVI's social networking site, PetsPlaces.com has been spurred by the increased interest in pet owners interested in socializing with other pet owners who share the same enthusiasm and passion as they do. It is this passionate membership base of close to 5,000 members that SMVI plans to capitalize on through an increased marketing and advertising campaign. SMVI's strategy is to integrate an online advertising program that focuses on attracting advertisers to its core demographics for each social networking site owned and operated by the Company. PetsPlaces has already begun to generate interest from pet service companies interested in advertising their products directly to members.
SMVI also operates three Internet Service Providers (ISPs) which provide Internet connectivity to subscribers in the USA, specifically in the states of Pennsylvania and Alabama. The ISPs cater to two separate rural areas in the United States, Pennsylvania and Alabama. All three ISPs utilize an operational platform that is completely outsourced, providing SMVI with reduced costs. Management of SMVI plans to convert the home page of each ISP into its own social networking site to create an online local community for members as well as attract local advertisers.
SMVI is in beta mode of launching its own web hosting company; www.netskyhost.com. SMVI is applying the same strategy as its ISP operational platform when operating its hosting company?s services. All of the services needed to operate NetSkyHost are outsourced. Management plans to acquire a web hosting company, transfer its web hosting subscribers to its web hosting platform, quickly providing economies of scale to its revenue model.
SMVI NEWS 03/26/2014
JERICHO, NY, Mar 26, 2014 (eTeligis.com via COMTEX) 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.
Contact:Social Media Ventures, Inc. firstname.lastname@example.org
SOURCE: Social Media Ventures, Inc.