Options Media Licenses Illume Enterprise Software
NEW YORK, NY, Mar 16, 2012 (MARKETWIRE via COMTEX) -- PhoneGuard, Inc., a
subsidiary of Options Media Group Holdings, Inc. (otcqb:OPMG) (pinksheets:OPMG),
a leading provider of mobile applications software, today announced that it has
licensed Illume Software's iZup software for the enterprise market. The licensing
agreement replaces the definitive agreement for the acquisition of Illume
Software that was announced on January 30, 2012. Under the license agreement,
Options Media will be making Illume's iZup enterprise software available to its
clients. Terms of the licensing agreement were not disclosed.
"Although we are not moving forward with the acquisition, this licensing
agreement allows us to sell Illume's iZup enterprise software," said Keith St.
Clair, Chairman of Options Media. "We believe that with Illume's proven
enterprise solution that provides safer roads for everyone, enhanced
productivity, reduced corporate exposure to liability and compliance monitoring,
PhoneGuard will be offering the best solutions to prevent distracted driving to
both the consumer and enterprise markets. We remain confident in our ability to
become the preferred solution for this growing national epidemic."
"We are looking forward to building our relationship with PhoneGuard through the
licensing of our iZup enterprise software as we continue to address this
important national issue," said Dan Ross, Chief Executive Officer of Illume
Software.
For more information regarding PhoneGuard applications, visit
phoneguard.com, facebook.com or on Twitter at
@Phone_Guard.
About PhoneGuard, Inc. PhoneGuard, Inc., a subsidiary of Options Media Group
Holdings, Inc., is a leading provider of mobile applications software. The
Company's flagship product, personal security and anti-texting while driving
software application suite, is a next-generation software suite with the most
robust set of features and functions available today. The software product, which
is easily downloadable to mobile phones, allows for GPS tracking of the mobile
device in order to calculate the rate of speed of travel. Above certain
predetermined speeds, the software will lock the keyboard and prevent the user
from emailing, surfing the web or texting. While PhoneGuard's Software is
designed to prevent texting while driving, it also offers parents and employers
the ability to monitor the driving habits of mobile phone users in order to
prevent speeding. phoneguard.com.
Forward-Looking Statements This press release contains forward-looking statements
including potential revenue from the sale of PhoneGuard products, our belief that
the timing of our introduction of the product is optimal and plans for the sale
of PhoneGuard. Forward-looking statements can be identified by words such as
"anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects"
and similar references to future periods. Forward-looking statements are based on
our current expectations and assumptions regarding our business, the economy and
other future conditions. Because forward-looking statements relate to the future,
they are subject to inherent uncertainties, risks and changes in circumstances
that are difficult to predict. Our actual results may differ materially from
those contemplated by the forward-looking statements. We caution you therefore
against relying on any of these forward-looking statements. They are neither
statements of historical fact nor guarantees or assurances of future performance.
Important factors that could cause actual results to differ materially from those
in the forward-looking statements include unanticipated changes to the working
relationship between Justin Bieber and PhoneGuard and Cellairis and PhoneGuard,
and the willingness and/or the ability of consumers to pay for the paid
application.
Further information on Options Media's risk factors is contained in its filings
with the Securities and Exchange Commission including its Form 10-K for the year
ended December 31, 2010. Any forward-looking statement made by Options Media in
this press release speaks only as of the date on which it is made. Factors or
events that could cause actual results to differ may emerge from time to time,
and it is not possible to predict all of them. The Company undertakes no
obligation to publicly update any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may be required
by law.
Investor Relations Contact:
Stephanie Prince / Jody Burfening
LHA
(212) 838-3777
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