News Column

SoMedia Networks Surpasses 3,000 Digital Agency Partners

Jul 8 2013 12:00AM

Marketwire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/08/13 -- SoMedia Networks (TSX VENTURE: VID) announced today that growth in new partner sign ups continued to accelerate during the first half with more than 3,000 digital agencies and web marketing companies now part of its Scalable Video reseller network. This represents growth of 103 per cent in the last four months and more than 401 per cent over the last twelve months.

SoMedia's Scalable Video Production and Resale platform enables web services companies - digital agencies and web marketers - to seamlessly integrate professional video production into their business services offerings without any video production knowledge or expertise. Partners are able to serve their clients anywhere in North America, on demand, at the lowest price points and in unlimited volume. There are estimated to be more than 80,000 web services companies in the US and Canada serving over 8 million small to medium sized businesses.

"We're seeing first-hand how introducing a new and innovative business approach to video production is tapping into pent up demand across North America," said George Fleming, CEO of SoMedia Networks. "We completed a survey of our partners and found that only 26 per cent had offered video production services before partnering with SoMedia due to the costs and complexities of traditional video production."

To access Scalable Video, SoMedia's partners simply log into a reseller portal and order videos from a standardized, fixed price selection of video types and lengths. Once an order is placed creative input gathering and scheduling is either provided by the partner or pushed to a client through a simple and easy to understand online interface. From there SoMedia takes care of the rest. The finished video is available for review and download in less than fourteen days from the scheduled shoot - guaranteed.

"An overwhelming majority of 79 per cent of our partners believe that offering video production services gives them a competitive advantage in the marketplace," said Colin Osing, VP Marketing for SoMedia Networks.

Video has become one of the most desirable market tools available online: The Social Media Examiner reported that 76 per cent of marketers plan to add video to their websites, making it a higher priority than Facebook and Twitter. Cisco recently reported that 69 per cent of consumer Internet traffic will be video and that 80 to 90 per cent of all Internet traffic will be video by 2017.

For more information visit: www.somedia.net

About SoMedia Networks

SoMedia Networks is a pioneer of cloud-based video content production platforms, advanced crowdsourced workforce management, and scalable video production services. SoMedia provides resale, white-label, and on demand video production services across North America to web marketers, digital agencies, corporate brands and media.

With a technology first approach and North American-wide crowd sourced workforce, SoMedia offers a range of ground breaking video production services and products which break down the traditional barriers of cost, volume and reach; making it easy for partners to deliver online video products to their clients simply and affordably, anywhere, at scale.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
SoMedia Networks
George Fleming
President, CEO and Director
604-683-5510
gfleming@somedia.net
www.somedia.net

Yulu Public Relations Inc.
Nadia Gillies
Media Relations
604-558-1656
nadia@yulupr.com





Source: Marketwire


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