Luxshmi Introduces Its Groundbreaking Ad-Bidding Marketplace
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TACOMA, WA -- (MARKET WIRE) -- 07/18/08 -- (PINKSHEETS: LUXI) Luxshmi Investments, Inc. today unveiled its innovative mobile-advertising marketplace at www.adbid.mobi. This pioneering platform targets banner advertising on mobile devices, allowing clients to direct their advertising to specific demographic groups of users. For example, the 36 percent of 18- to 34-year-old males who, according to mobile-media authority M:Metrics, access mobile media monthly, and who are highly receptive to this type of advertising.
At www.adbid.mobi, publishers and advertisers will be able to buy, sell, and/or bid on mobile banner ads accessible via mobile devices or PCs. Luxshmi's strategy is to offer this marketplace and management tool to companies wishing to target wireless customers with mobile-banner and short message service (SMS) advertising.
"We are very happy to finalize this transaction and are very excited to be able to leverage our assets to cater to the growing mobile-media market," stated Mr. Lee, director of Luxshmi Investments, Inc.
About Luxshmi Investments, Inc.
Luxshmi Investments, Inc. is a publicly traded Nevada-incorporated company in the development stage operating under the stock ticker symbol LUXI. The company's main focus is to create growth through the acquisition and development of businesses that are involved specifically with social networking and mobile-based sites.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Investor Relations Contact: 253-219-7195
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