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110 Media Group, Inc. Signs Deal to distribute its Products and Services to the Mobile SMS Market
PR Newswire - March 08, 2005 11:00
MELVILLE, N.Y., March 8, 2005 /PRNewswire-FirstCall via COMTEX/ -- 110 Media Group, Inc. (OTC Bulletin Board: OTEN) today announced the signing of an agreement with Babecell which will allow for the monetization of it's content throughout Europe and Asia via mobile phones utilizing state of the art SMS billing system.
110 Media will join other companies such as Playboy (PLY) in marketing adult entertainment products directly to mobile phones and other devices in what industry experts, Visiongain estimate as a $3.4 Billion market.
Consumers in countries where cell phone penetration is highest are fast coming to expect that all of their digital entertainment -- be it news, sport, comedy and even adult -- is consumable on the move. The mobility of cell phones means that adult content can now be viewed anywhere, in complete privacy. No more having to hit the escape button when someone enters the room! In addition the payment mechanisms (premium rate reverse charge) for cell content are safe, easy, anonymous and secure.
The agreement makes 110 media's content available for download in a host of European, Western European, and Asian countries through Babecell's SMS fee based platform. The Company aims to fully monetize its assets, and enter untapped markets that can generate revenue and gain market share.
About 110 Media Group, Inc.
110 Media Group, Inc. specializes in the distribution of electronic based media focusing on the adult entertainment industry. The company's content is currently available to U.S. households through Web sites, DVDs and Video-on-Demand (VOD) services. The company has distribution agreements with the country's top adult industry VOD and DVD distributors. In addition, we distribute content directly to consumers via a series of high-end subscription based web sites.
About Babecell
Celestial Transactions, the creators of BabeCell, is an international provider of mobile multimedia technology & billing services delivering global SMS*, MMS** and WAP*** solutions across a broad spectrum of vertical industries. We manage the complexities of mobile payment and messaging infrastructure on behalf of our international clients and our technology routinely handles the delivery, tracking and financial settlement of millions of mobile transactions every month. Headquartered in the UK, Celestial Transactions has been helping its clients generate revenue, manage customer relationships and extend brands into the mobile space since 2000.
For additional information, please visit the Company's website at
http://www.110mediagroup.com.