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Linked Media Group, Inc.: Linked Media Group, Inc. Signs Development and Licensing Contract With Established Software Developme

^{Published on 2009-08-27 05:21:03, Last Modified on 2009-08-27 05:21:04 - Market Wire}
 

SACRAMENTO, CA--(Marketwire - August 27, 2009) - Linked Media Group, Inc. (PINKSHEETS: [ LKMG ]) is pleased to announce the Company has signed a final development contract with Rip Cloud, LLC, an established Social Media focused development firm in San Francisco. Rip Cloud is developing a customized version of their Social Media Platform, which will be marketed and sold under the Linked Media Group brand name. Enabling Linked Media Group to generate two new revenue streams via SaaS ("Software as a Service") Subscription and as a Services offering for the millions of Corporations and Small to Medium Sized Businesses rapidly embracing Twitter and other Social Media Platforms for Advertising, Lead Generation and Customer Engagement.

Rip Cloud has significant experience developing customized Social Media Applications for: Twitter, Facebook, Flickr, Digg, Reddit, MySpace, Delicious, Orkit and many others. "We are excited about signing the final contract with Linked Media Group, enabling Linked Media Group to move into the high growth Social Media market with their own Intellectual Property, which in turn generates licensing fees for us moving forward."

"Advertisers are shifting their budgets from traditional advertising -- i.e. Print, TV, and Direct Mail -- to Online and Social Media Advertising," stated Lee Traupel, CEO of Linked Media Group, Inc. "The Social Media Advertising Market is experiencing tremendous growth, projected to be a $3.11 Billion market by 2014, growing from $716M in 2009. Our new Twitter Marketing Platform enables us to penetrate the high growth Twitter and Social Media Markets and shift from just a pure play Services Company to having our own proprietary Software as a Service ('SaaS') Technology Platform for licensing, reoccurring monthly/annual subscription fees and using internally to provide customized services for clients."

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.