DBMM Signs Letter of Intent for a Joint Venture with Mobile Video Company VMS Holdings
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NEW YORK, LOS ANGELES and LONDON, August 14, 2013 (ACCESSWIRE) - Digital Brand Media & Marketing Group, Inc. (OTCQB: DBMM) today announced a joint venture with video messaging specialist, VMS Holdings, Inc. (VMS). Both companies will issue a joint Press Release and release through their separate distribution channels.
The deal sees the culmination of a series of meetings first at the VMSPlay US Offices in Santa Monica, CA, in September, 2012 and continuing into 2013 in VMS's Stockholm Office and concluding at a DBMM Board Meeting in London in late-July. This exciting venture brings together DBMM and VMS globally to leverage both their respective businesses for a joint, mutual advantage. Immediately DBMM becomes a partner to sell the Enterprise version of the cross mobile delivery platform, VMS Play, with other situations to follow.
Reggie James, Co-Chief Operating Officer and Senior Vice-President, Marketing & Communications said, "Having completed a major project with the Port of Los Angeles http://business.vmsplay.com/pwcasestudy.aspx, VMS have a great product aimed at the Enterprise market that will tie-in well with some of our clients that can open a strong European gateway for both companies whist reciprocating business flow from the US." James added, "VMSPlay have a great technical resource that can develop agnostic applications and integration for both the consumer and corporate market."
Carl Ander, Chief Sales Officer and Executive Director of VMS said, "This is an exciting phase in VMS's development and the tie-up with DBMM is of enormous importance as the marketing departments of large organisations are looking for engaging and secure communication platforms which only mobile video can offer in a unique way."
Details of the Joint Venture will be released as the roll out evolves. The mobile video advertising market will grow faster than any media platform over the next few years and according to emarketer, spend will quadruple to reach $2.1 billion in 2016 http://bit.ly/10f4FPp
About Digital Brand Media & Marketing Group, Inc. (DBMM)
DBMM offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency that has a trusted reputation as a company which has applied its expertise in developing cutting edge technology platforms for web, mobile and tablet devices. Using Digital Clarity's application in the Marketing and Social arena, DBMM offers a unique value proposition of intelligent, analytics based technology solutions with the support of an experienced digital marketing team. Digital Brand Media & Marketing Group, Inc. is an OTC:QB Company. Symbol OTCQB: DBMM.
About VMS Holdings, Inc. (VMS)
VMS Holdings, Inc. develops a mobile application for sharing videos. Its mobile application allows companies and users to send and receive video content to and from a mobile phone; subscribe for a favorite celebrity, actor, TV-channel, or team and get video updates; and create your own channel and become a broadcaster, as well as serves as a tool for mobile marketing and sales. The company?s mobile application is available for Android, Blackberry, iPhone, and Symbian devices. It distributes its mobile application through distributors, and mobile device and application stores in Africa, Europe, Asia, North America, and South Africa. It serves mobile operators and media companies, government organizations and law enforcement agencies, premium content providers and retailers, sports clubs, and celebrities worldwide.
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The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in DBMM's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
IR Contact: info@dbmmgroup.com
Source: Digital Brand Media & Marketing Group, Inc.
