SMVI Social Media Ventures Inc (CE)

Social Media Ventures, Inc. (PINKSHEETS: SMVI) is pleased to announce that it has begun to develop a suite of virtual goods for members of the Company's innovative social networking site for pet owners, PetsPlaces.com (www.PetsPlaces.com).

Virtual goods are "virtual," having no physical or tangible existence. The gifts exist entirely online. Examples of virtual goods would be electronic "winks" or "flowers" sent by customers on dating websites to attract the interest and attention of a potential mate. Virtual goods are sold in four primary arenas: Social Networks, Online Dating Sites, Games, and Virtual Worlds. Over the past six years, these categories of social, community driven, products have grown exponentially.

Management hopes to maximize the revenue potential of virtual goods, a rapidly growing market, by providing a stream of unique, pet-themed virtual gifts for its online community at PetsPlaces.com.

According to the Associated Press, Facebook users are estimated to buy $60 million of virtual gifts per year; the social networking site's virtual economy is expected to grow to more than $100 million in the next twelve months. Gaia collects $1 million every month from players who buy virtual goods ranging from puppy ears to lightning bolts.

"In 2009, U.S. consumers are expected to buy more than $400 million worth of virtual goods, and approximately $5.5 billion worldwide," said Robert Thayer, CEO of Social Media Ventures, Inc. "Virtual goods are fast becoming the Internet's new revenue machine. We plan to launch the virtual goods platform within the next 30-45 days. We are excited to enter into this rapidly growing, online consumer phenomenon for PetsPlaces.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 next-generation social networking sites including 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. URL: www.socialmv.com Email: ir@socialmv.com Tele: (516) 204-4843