Phoenix, AZ (PRWEB) September 03, 2013
The company recently signed an exclusive licensing agreement with PayWith Worldwide to promote mCARDS (mobile credit cards) in Arizona, Colorado, Nevada, Oregon, Utah and Washington states. New Media’s agreement also allows for non-exclusive promotions of mCARDS in the rest of the USA and other countries. In consideration for the licensing rights, we have paid $150,000 in fees to PayWith, and we will receive a 25% net commission based upon sales through our network. The agreement is for a one year period, with automatic renewal provisions thereafter.
New Media Insight Group, Inc. (http://www.newmediainsights.com) is currently expanding and developing its sales and marketing force to handle the promotion of the ground-breaking mCARDS. The mCARD was developed by PayWith Worldwide and a global credit card network to solve the problem of mass mobile payment adoption throughout North America.
According to the latest research from our Wireless Smartphone Strategies (WSS) service, the number of smartphones in use worldwide surpassed the 1 billion-unit mark in the third quarter of 2012. With over 29 million small and medium sized merchants in North America looking for new ways to attract and incentivize consumers to transact more frequently, New Media is now poised to take advantage of the Tsunami of mobile payments opportunities ahead.
According to PayWith, mCARDS were developed to be the most secure mobile solution on the market and yet do not require any new hardware or software on behalf of the merchant. The PayWith mobile application allows for consumers to pay local merchants using dynamically generated “Virtual Cards” that disappear off of the consumers phone instantly after the transaction.
This means there are no concerns about the consumer’s card number being compromised, nor their private information being accessed.
New Media Insights Group will be the first sales and marketing group in the United States to represent the game changing technology and has exclusive rights to 6 major US states.
“This technology changes the game for small and medium sized businesses who are looking to attract new customers and develop loyalty and reward campaigns that increase repeat visits. I have never seen another technology that comes close to matching the power, innovation and benefits that this system brings to small and medium businesses,” said Michael Palethorpe - CEO.
“This fits perfectly in the scope of what New Media Insights was designed to do. We are focused on bringing the worlds best and most impactful marketing solutions into the hands of thousands of small and medium sized location businesses across the nation,” continued Palethorpe.
ABOUT NEW MEDIA INSIGHTS
New Media Insight Group is a publically listed Nevada company that trades under the symbol NMED on the OTCBB. The company’s focus is developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising. New Media Insight Group scours the marketplace for the most innovative and effective monetization solutions and is aiming to be the “One Stop Shop” for Small and Medium sized local businesses marketing, customer acquisition and retention needs.
About PayWith Worldwide
PayWith is a leading developer of mobile payment solutions for small and medium sized businesses.
For the past 3 years, PayWith has been working with MasterCard Worldwide to develop the most powerful mobile marketing and mobile payments solution the world has ever seen (Virtual Cards or “mCARDS”). Today, PayWith mCARDS have the ability to be transacted by over 35.9 million merchants with no new hardware and no new software required. PayWith has achieved global scalability and ubiquity through its partnership with MasterCard Worldwide and together the team has changed the course of what’s possible in the arena of combining mobile payments with mobile media and communications.
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.