BOCA RATON, Fla., May 6, 2009 (GLOBE NEWSWIRE) -- Mobile Media Unlimited Holdings Inc. (a Delaware Corp.) (Pink Sheets:MMUH) today updated debt holders, institutional investors and existing shareholders on the status of Mobile Media Unlimited Holdings Inc. (DE) and wholly owned subsidiary MMU Inc. (FL) and the revenue plan on a going forward basis.
Anthony Sasso, Founder of MMU Inc. and Chairman of MMUH, commented, "We have successfully negotiated and closed a number of contracts with industry-only U.S. advertising agencies and specialist media aggregators. Our web portal application enables our new wholesale Customers to market SMS delivery campaigns to their Clients. MMU offers a highly flexible combination of plans enabling our customers to granulate the MMU databases by geography and statistical data, while the Customer may also add new data from the Clients' proprietary database and/or third party sources. Our road to profitability lies in MMU's ability to reliably deliver unobtrusive SMS to the targeted campaign audience. Shortly, MMUH will begin delivering news about some of our clientele. We have remained reasonably quiet for several months as our technology was not perfect earlier this year. There were significant re-writes of earlier code that required patience and investment. Our early belief and investment in SMS as a delivery medium has now been strongly validated by the industry. We believe that MMUH's portal service is unique and without peer."
About Mobile Media Unlimited Holdings Inc.
MMU is a leader in mobile marketing technologies, utilizing proprietary state-of-the-art marketing solutions and our unique ability to reach millions of new consumers simultaneously. With our extensive international "OPT-IN" DATA inventory, MMU strives to stay ahead of the curve, giving our clients a seamless delivery solution and the highest quality of customer service.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.