Rochester,NY 7/7/2009 1:53:02 AM
Afternoon Movers - VM - Let Free Ring! Virgin Mobile USA Announces 2009 "FreeFest" to Give Back in Bad Economy- Sourced WhisperFromWallStreet.com
Virgin Mobile USA
Afternoon Movers - VM - Let Free Ring! Virgin Mobile USA Announces 2009 "FreeFest" to Give Back in Bad Economy- Sourced WhisperFromWallStreet.com
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Virgin Mobile USA, Inc.VM
After Hours: 3.50 Up 0.05 (1.45%) 2:47pm ET
Virgin Mobile USA, creator of one of the largest and most critically acclaimed music festivals in the U.S., announced today that it would host the 2009 Virgin Mobile FreeFest on Sunday, August 30, at Merriweather Post Pavilion in Columbia, MD., with admission free of charge. All tickets will be given away, and previous Virgin Mobile Festival ticket buyers and Virgin Mobile customers will have the first crack at securing the 35,000 tickets.
The move celebrates both a giveback to music fans in a bad economy as well as an effort to solicit donations to homeless youth agencies in need around the country via The RE*Generation, Virgin Mobile's charitable arm. Most sponsors, including premier sponsor Kyocera Communications, will be building awareness for the cause in their marketing efforts around the festival.
"Instead of focusing on layoffs or the state of the economy, we want to focus on concrete ways to provide assistance to those in need," said Dan Schulman, CEO, Virgin Mobile USA. "People need outlets to both lend a helping hand and to escape and relax, for free, even if just for one day. We want to throw some good news in the mix."
About
Virgin Mobile USA, Inc., a wireless communications services provider, offers prepaid and postpaid services for the youth market primarily in the Untied States. The company offers various products and services comprising voice services; calling features, such as voicemail and caller identification; and directory assistance and international calling services. It also develops content and offers customized content, graphics, messaging, music, and other services, including short message services, picture messaging, instant messaging, email, ring tones, text tones, alerts, artist profiles, communities, and Web browsing and search, as well as downloadable games, customized wallpaper, screensavers, and pictures. In addition, the company offers handsets purchased from third party manufacturers. Further, it provides Virgin Mobile Sugar Mama, a service enhancement and mobile media platform that allows customers to earn up to 75 minutes in airtime per month by viewing advertisements from several business partners. The company sells its products through direct distribution channels consisting of its Web site and customer care center, as well as through third-party retail distribution channels. The company is headquartered in Warren, New Jersey.
Last Trade: 3.49
Day's Range: 3.41 - 3.75
52wk Range: 0.60 - 5.31
Volume: 226,425
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