Idle Media Acquires Source Code for Facebook App

Idle Media, Inc. (OTCBB:IDLM), today announced it completed the acquisition of Backyard Buddies, a popular gaming application on the number one social media website Facebook. Terms of the transaction were not disclosed.

The company stated that this acquisition opens the door for Idle Media to expand its target audience. This acquisition marks the first product for Idle Media in the social media market. Facebook has more than 400 million active users and offers a great potential for increasing Idle Media’s revenue stream.

“This acquisition creates a tremendous opportunity for Idle Media. Acquiring Backyard Buddies was a strategic decision that would greatly benefit future development of Idle Media gaming applications. The key to this acquisition is the source code that we were able to obtain,” stated Marcus Frasier, President and CEO of Idle Media. “This acquisition extends our reach and market share in the fast growing social networks.”

The company plans to dedicate company resources to further develop cross-platform social games for smartphones, mobile handsets and social networks. Idle Media’s development team plans to build on this technology to be able to develop a platform for hosting and operating real-time social games on other social networks such as MySpace, Twitter, Flickr etc.

Frasier further stated, “We strive to create relationships that will positively impact the growth of our company. As we begin our expansion into the social media realm, we hope to build a strong relationship in the near future with Facebook.”

Idle Media’s gaming revenue model will incorporate both pay-to-play as well as free-to-play with in-app purchases. Facebook Credits, a virtual currency platform used for gaming apps, gives users a fast and easy way to buy virtual goods including items from the Facebook Gift Shop. Facebook Credit is currently being tested and once made available to all developers, Idle Media will incorporate into its Facebook game application(s).

“We look forward to providing updates on this forefront and expect to launch more gaming apps in near short term,” commented Frasier.

Idle Media is a technology company that supplies a range of Internet and communications services through its wholly owned operating companies.

Information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify forward-looking statements. The forward-looking statements may include our future operations, financial condition and prospects and business strategies. These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this press release or in other documents including those filed with the SEC. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Idle Media (CE) (USOTC:IDLM)
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