PHOENIX, April 22, 2015 /PRNewswire/ -- New Media Insight Group, Inc. ("New Media" or "the Company") (OTCBB: NMED), a leader in mobile payments, loyalty and gifting, today announced that the company has secured a $2 million equity purchase investment to further advance its product roll-out and expansion efforts and other working capital needs. The investment is being provided by Premier Venture Partners, LLC. a Los Angeles-based private equity firm. Details of the investment can be found on Form S-1/A filed with the Securities and Exchange Commission found here: http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10529860.
"This funding allows us to pursue opportunities that we have been arranging over the past year and to further execute our plans of bringing secure mobile payments, gifting and loyalty to merchants in the USA." Said Michael Palethorpe, CEO of New Media Insight Group. "The mobile payment industry is particularly vibrant, and the timing of this investment could not have been better. It propels us forward at a critical time bringing seamless and secure mobile solutions to business owners.
Merchants can find out more about mPAAY, CloudPay and other New Media Insight Group solutions at: http://www.newmediainsights.com
About New Media Insight Group, Inc.
New Media Insight Group, Inc. (OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched mPAAY, a system that allows merchants to securely accept mobile payments without any additional hardware. New Media Insight is employing a strategy to increase mPAAY adoption, focusing its efforts on building alliances with channel partners and industry leaders that already have strong relationships with merchants.
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 any future sales of mPAAY, the features and security related to the mPAAY, any benefits that mPAAY may provide to medium and small businesses, 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.
SOURCE New Media Insight Group, Inc.