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Linked Media Group, Inc.: Linked Media Group, Inc. Signs Letter of Intent With Established Software Development Firm to License

^{Published on 2009-07-24 05:33:24, Last Modified on 2009-07-24 05:33:34 - Market Wire}
 

SACRAMENTO, CA--(Marketwire - July 24, 2009) - Linked Media Group, Inc. (PINKSHEETS: [ LKMG ]) is pleased to announce the Company has signed a Letter of Intent with Rip Cloud, LLC, an established Web 2.0 and Social Media focused development firm located in San Francisco. Once a definitive agreement is signed, Rip Cloud will develop a customized version of Rip Cloud's Social Media Platform, which will be marketed and sold under the Linked Media brand name -- generating two primary revenue streams via SaaS ("Software as a Service") Subscription and Licensing and as Services only to Vertical Markets.

Rip Cloud is a boutique development team focused on Apache, PHP, Java, Perl, Ajax, and My SQL, LAMP Platform, Facebook development consulting, and Web 2.0 AJAX/COMET systems development. Rip Cloud has significant experience in developing customized Twitter and Facebook applications, e-commerce apps, as well as Marketing, VOIP (Voice Over IP) and Skype applications.

"The relationship with Linked Media will enable us to expand and strengthen our software platforms and solutions to businesses looking to utilize Social Media to grow their business," stated Steven Berezina, CEO of Rip Cloud, LLC.

"Rip Cloud's Social Media Platform will enable Linked Media to develop Intellectual Property and expand our services to the hundreds of thousands of businesses around the world who are starting to use Social Media Services like Twitter and Facebook to engage their customer base," stated Lee Traupel, CEO of Linked Media Group, Inc.

About Linked Media Group

Linked Media Group, Inc.'s singular focus is to help businesses understand and capitalize on the tremendous power and influence of online and Social Media marketing. The Company is also developing and acquiring a network of standalone revenue-producing Social Media web properties for specific vertical markets. The Company also has 100 revenue-producing Web Properties under management that have been purchased and developed during the last three years.

Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.