New Media Insight Group Announces Reverse Stock Split

PHOENIX, April 8, 2014 /PRNewswire/ -- New Media Insight Group, Inc. ("New Media" or "the Company") (OTCBB: NMEDD), a leader in mobile payments, today announced the Company's information regarding its reverse stock split.

The Company's board of directors approved a 1-for-2 reverse stock split of its common stock. The reverse stock split was effective at the opening of trading on April 7, 2014. New Media Insight Group's common stock began trading on the Over The Counter Bulletin Board market on a split adjusted basis when the market opened on April 7, 2014.The Company's stock will trade under the symbol NMEDD for 20 days and then revert back to NMED.

The reverse split will reduce the number of shares of the Company's common stock outstanding from approximately 59,237,500 shares to approximately 29,768,750 shares. Proportional adjustments will be made to New Media Insight Group's outstanding stock options and other equity incentive awards, and its equity compensation plans. The Company's authorized shares have also been reversed on the same basis.

Upon effectiveness of the reverse split, New Media Insight Group shareholders will receive one new share of New Media Insight Group common stock for every two shares held.  New Media Insight Group will not issue fractional shares as a result of the reverse stock split. Any fractional shares will be rounded up to the next whole number.

Merchants can find out more about mCards, Cloud Payments and other New Media Insight Group solutions at: http://www.newmediainsights.com

About New Media Insight Group, Inc.
New Media Insight Group, Inc. (OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched mCards, a system that allows merchants to accept mobile payments without any additional hardware other than an existing terminal that takes MasterCard. New Media Insight is employing a grassroots strategy to increase mCards adoption, focusing its efforts on building alliances with non-profits that already have strong relationships with merchants.

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.

Investor Contacts:
KCSA Strategic Communications
Phil Carlson / Vincent Piazza
212-896-1233 / 1289
[email protected] / [email protected]

SOURCE New Media Insight Group, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED