PHOENIX, Jan. 13, 2014 /PRNewswire/ -- New Media Insight Group, Inc. ("New Media" or "the Company") (OTCBB: NMED), a leader in mobile payments, announced today plans to expand its mCard mobile payment system to Seattle and Chicago, with the possibility of adding three additional cities by the end of 2014. The expansion is in response to the strong demand for mCards since launching in Arizona in November 2013.
"Our efforts promoting and expanding our network have paid off as we've seen overwhelming interest for our mobile payment solution," said Michael Palethorpe, CEO of New Media Insights Group. "The success of mCards reflects the compelling value proposition they offer retailers and non-profits looking to build loyalty programs and consumers looking for a safe and easy way to shop. 2014 promises to be a very busy and exciting year as we build on this momentum and continue to grow."
mCards are one of the only mobile payment solutions on the market today that do not require specialized hardware and can be accepted by any merchant that takes MasterCard. The solution features a powerful infrastructure that allows retailers and organizations to administer loyalty programs and promotions easily and cost-effectively.
About New Media Insight Group
New Media Insight Group (OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched mCards, a system that allows merchants to accept mobile payments without any additional hardware other than an existing terminal that takes MasterCard. New Media Insight is employing a grassroots strategy to increase mCards adoption, focusing its efforts on building alliances with non-profits 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 mCARDS, the features and security related to the mCARDS, any benefits that mCARDS 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.