BOCA RATON, Fla., Oct. 10, 2012 (GLOBE NEWSWIRE) -- Options Media Group Holdings, Inc. (OTCBB:OPMG), a leading provider of mobile applications software, announced today that the Company has completed realignment of its business model, has changed its corporate name and has introduced "Safe On The Move™," as its overall product delineation, and combination of its signature "TextOnHold™" responsible texting product, and "PushForPanic™", a personal security application. A bundled version will allow the Company to sell in both the texting and personal security markets.
The Company has also reorganized its executive and management team. Keith St. Clair, Chairman of the Board of Directors, has taken an executive role as Interim CEO, replacing former CEO Scott Frohman, who has resigned. Michael Moran, former chief operating officer, has returned to the Company and will assist St. Clair in all areas of business development. Moran stated, "I'm delighted to rejoin the Company. I am confident that under its new leadership and business direction, SafeonTheMove ™ will become the primary provider of safety solutions for operators of motor vehicles and others."
As previously announced in a Form 10-Q filed with the Securities and Exchange Commission on August 20, 2012, OPMG increased its authorized shares, which will allow the Company to recapitalize its business model and to continue driving revenue through a renewed sales effort utilizing a number of new and existing distribution channels.
"We view the epidemic of both texting while driving and the area of personal security as major problems in society today," noted St. Clair. "Distracted drivers, whether teenagers, long-distance truck drivers, train operators, taxi fleets, or others, represent a danger to all of society, and we are committed to reducing the risk of inattentive vehicle operators as well as offering personal protection through our innovative application."
SafeonTheMove™ recently entered into a long-term contract with Harrington Multi Media Marketing to produce an infomercial created to draw attention to the increasing problem of persons who use mobile phones while driving and personal security. The Company sees an immediate target for its sales and marketing campaign in the thirty-four states and the District of Columbia that ban text messaging for all drivers, and the nine states and the District of Columbia which prohibit drivers from using handheld cell phones while driving.
SafeonTheMove™ 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 SafeonTheMove™ 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.
All statements in this press release that are not strictly historical in nature, including future performance, management's expectations, beliefs, intentions, estimates or projections, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. Some can be identified by the use of words (and their derivations) such as "need," "possibility," "intend," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue," or the negative of these words. Factors that could cause or contribute to such differences include, but are not limited to, the risk the Company's products are not adopted or viewed favorably by the healthcare community and consumer retail market; business prospects, results of operations or financial condition, including variations in our quarterly operating results; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; maintaining, developing, building and defending our patent portfolio assets; monetizing and litigating our patent portfolio both in the U.S. and internationally; timing and volume of sales and installations; length of sales cycles and the installation process; market acceptance of new product and service introductions; ability to establish and maintain strategic relationships; relationships with licensees; competitive product offerings and promotions; changes in government laws and regulations and future changes in tax legislation and initiatives in the healthcare industry; undetected errors in our products; possibility of interruption at our data centers; risks related to third party vendors; risks related to obtaining and integrating third-party licensed technology; risks related to a security breach by third parties; litigation matters; risks associated with recruitment and retention of key personnel; uncertainties associated with doing business internationally across borders and territories; and such other risks and uncertainties as detailed from time to time in SafeonTheMove's ™ filings with the U.S. Securities and Exchange Commission. The Company is providing this information as of the date of this release and, except as required by applicable law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
CONTACT: For information: http://www.safeonTheMove.com firstname.lastname@example.org Keith St. Clair - Chairman 1916 N.W. 79th Ave. Doral, FL 33126 Email: email@example.com Phone: (305) 781-8109Source:Options Media Group Holdings, Inc.