110 Media Group, Inc. Signs Deal to distribute its Products and Services to the Mobile SMS Market
08 Marzo 2005 - 10:00AM
PR Newswire (US)
110 Media Group, Inc. Signs Deal to distribute its Products and
Services to the Mobile SMS Market MELVILLE, N.Y., March 8
/PRNewswire-FirstCall/ -- 110 Media Group, Inc. (OTC:OTEN)
(BULLETIN BOARD: OTEN) today announced the signing of an agreement
with Babecell which will allow for the monetization of it's content
throughout Europe and Asia via mobile phones utilizing state of the
art SMS billing system. 110 Media will join other companies such as
Playboy (PLY) in marketing adult entertainment products directly to
mobile phones and other devices in what industry experts,
Visiongain estimate as a $3.4 Billion market. Consumers in
countries where cell phone penetration is highest are fast coming
to expect that all of their digital entertainment -- be it news,
sport, comedy and even adult -- is consumable on the move. The
mobility of cell phones means that adult content can now be viewed
anywhere, in complete privacy. No more having to hit the escape
button when someone enters the room! In addition the payment
mechanisms (premium rate reverse charge) for cell content are safe,
easy, anonymous and secure. The agreement makes 110 media's content
available for download in a host of European, Western European, and
Asian countries through Babecell's SMS fee based platform. The
Company aims to fully monetize its assets, and enter untapped
markets that can generate revenue and gain market share. About 110
Media Group, Inc. 110 Media Group, Inc. specializes in the
distribution of electronic based media focusing on the adult
entertainment industry. The company's content is currently
available to U.S. households through Web sites, DVDs and
Video-on-Demand (VOD) services. The company has distribution
agreements with the country's top adult industry VOD and DVD
distributors. In addition, we distribute content directly to
consumers via a series of high-end subscription based web sites.
About Babecell Celestial Transactions, the creators of BabeCell, is
an international provider of mobile multimedia technology &
billing services delivering global SMS*, MMS** and WAP*** solutions
across a broad spectrum of vertical industries. We manage the
complexities of mobile payment and messaging infrastructure on
behalf of our international clients and our technology routinely
handles the delivery, tracking and financial settlement of millions
of mobile transactions every month. Headquartered in the UK,
Celestial Transactions has been helping its clients generate
revenue, manage customer relationships and extend brands into the
mobile space since 2000. For additional information, please visit
the Company's website at http://www.110mediagroup.com/. This press
release includes certain "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. These statements are based on 110 Media Group, Inc.
management's current expectations and are subject to risks and
uncertainties and changes in circumstances. All forward-looking
statements included in this press release are based upon
information available to 110 Media Group, Inc. as of the date of
the press release, and it assumes no obligation to update or alter
its forward looking statements whether as a result of new
information, future events or otherwise. These forward-looking
statements may relate to, among other things, plans and timing for
the introduction or enhancement of our services and products,
statements about future market conditions, supply and demand
conditions, and other expectations, intentions and plans contained
in this press release that are not historical fact. Further
information on risks or other factors that could affect 110 Media
Group, Inc. business and results of operations is detailed in its
filings with the United States Securities and Exchange Commission
available at: http://www.sec.gov/. Investor Relations Contacts:
Company Contacts: Mirador Consulting, Inc. 110 Media Group, Inc.
David Cohen Tim Schmidt 877-Mirador or 877-647-2367 631-385-0007
http://www.miradorconsulting.com/ http://www.110mediagroup.com/ Web
site: http://www.110mediagroup.com DATASOURCE: 110 Media Group,
Inc. CONTACT: Tim Schmidt of 110 Media Group, Inc.,
+1-631-385-0007; or Investor: David Cohen of Mirador Consulting,
Inc., 877-Mirador, or +1-877-647-2367, for 110 Media Group, Inc.
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