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SMVI Social Media Ventures Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Social Media Ventures Inc (CE) USOTC:SMVI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Social Media Ventures, Inc. Announces Internet High-Speed Satellite Service Offering

13/08/2010 7:19pm

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Social Media Ventures (CE) (USOTC:SMVI)
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Social Media Ventures, Inc. (PINKSHEETS: SMVI) announced the launch of a national satellite Internet service offering. The Internet satellite service will be provided through an agreement with the Internet provider aggregator, YourNetPlus.com. The high-speed satellite service will be marketed to rural residential communities and home-office users through SMVI's Internet Service Providers as well as through their social networking portals.

The High-Speed Satellite service utilizes both a high-speed Satellite connection as well as providing a v.92 modem uplink configuration. The v.92 modem connection provides Internet connectivity for the satellite when sending email and by using the v.92 modem, there is no need to install a second phone line. The speed is outstanding and all that is required is placing the satellite on one's roof or side of a building with installation. And a small business can network numerous PCs through an Ethernet router and receive great speeds when downloading large files. The modem also provides support to satellite users in the event that difficult weather conditions affect the satellite connectivity.

"This is a fantastic service for those rural areas in the US interested in a high-speed Internet offering. It's also another way for us to advertise our social networking portal, PetsPlaces.com, as we will be able to place advertising banners on the portal page for all Satellite subscribers. YourNetPlus, as per our agreement, will provide most of the operational services for the satellite so SMVI does not have to build an expensive operating platform or hire programmers," stated CEO Robert W. Thayer.

The one-way Internet satellite service is expected to launch in the next 10 days.

About YourNetPlus.com

YourNetPlus.Com (YNP) is an Internet Service Provider and Aggregator with its Corporate offices located in Monroe, New York. YNP is one of the largest Internet Service Aggregators, with a large private label force. YNP provides services to companies looking for connectivity to the Internet (Private Label ISP, (PLISP)) for the end-user.

URL: www.YourNetPlus.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 two social networking sites; www.petsplaces.com and www.rocktag.us.

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. www.socialmv.com Email: ir@socialmv.com Tele: (516) 204-4843

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