Premier Venture Partners LLC has invested $2 million in New Media Insight Group. Cave Creek, Arizona-based New Media is a mobile payments company.
PHOENIX, April 22, 2015 /PRNewswire/ — New Media Insight Group, Inc. (“New Media” or “the Company”) (OTCBB: NMED), a leader in mobile payments, loyalty and gifting, today announced that the company has secured a $2 million equity purchase investment to further advance its product roll-out and expansion efforts and other working capital needs. The investment is being provided by Premier Venture Partners, LLC. a Los Angeles-based private equity firm. Details of the investment can be found on Form S-1/A filed with the Securities and Exchange Commission found here: http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10529860.
“This funding allows us to pursue opportunities that we have been arranging over the past year and to further execute our plans of bringing secure mobile payments, gifting and loyalty to merchants in the USA.” Said Michael Palethorpe, CEO of New Media Insight Group. “The mobile payment industry is particularly vibrant, and the timing of this investment could not have been better. It propels us forward at a critical time bringing seamless and secure mobile solutions to business owners.
Merchants can find out more about mPAAY, CloudPay 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 mPAAY, a system that allows merchants to securely accept mobile payments without any additional hardware. New Media Insight is employing a strategy to increase mPAAY adoption, focusing its efforts on building alliances with channel partners and industry leaders that already have strong relationships with merchants.
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