Phoenix, AZ, June 11, 2013 --(PR.com
)-- The company was recently oversubscribed on its first official round of financing. New Media Insight Group, Inc. had targeted closing its first round of $500K over a 3 month period and instead closed the financing within the first week of presenting. The company received $550K in financing and closed its round allowing for a 10% increase in the offering size. “We were shocked at the level of interest we saw when we opened our financing round. This capital will allow us to execute on phase 1 of our business plan and will allows us to attract additional executives and operations experts to help us expand and grow upon the opportunities we are seeing in mobile and social media monetization.” –CEO Michael Palethorpe
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
With plans to acquire and develop businesses and services in line with its mission of monetizing the Internet, and Mobile and Social Media, the company plans to open discussions with a number of companies to discuss business opportunities in the space.
The company is looking to increase its sales and marketing activities for its current product suite significantly over the coming quarter.
About New Media Insight Group
New Media Insight Group is a publicly listed Nevada company that trades under the symbol NMED on the OTCBB. The company’s focus is developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising. New Media Insight Group scours the marketplace for the most innovative and effective monetization solutions and is aiming to be the “One Stop Shop” for New Media Organizations to engage with to significantly enhance their revenue generating potential.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the level and extent of operational activity that the financing will be sufficient to accomplish, and the company developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.