Penny Stock Options Media Group Holdings Inc ( PINK : OPMG ) jumped 142 % in Tuesday's trading session.

Penny Stock on the move: Options Media Group Holdings, Inc ( PINK: OPMG )

announced restructuring of its business and focusing on mobile application market. Stock of the company jumped 142 % in Tuesday's trading session.

Below is the News Release:

(Marketwire - May 17, 2011) - Options Media Group Holdings, Inc. (OTCQB: OPMG) (PINKSHEETS: OPMG), which recently announced it is changing its name to PhoneGuard, Inc., today announced a restructuring of its business so it could focus on the fast growing multi-billion dollar mobile applications market.

Scott Frohman, CEO, "As disclosed in our Form 10-K, we have realigned our business and written-off certain assets in order to concentrate on the mobile and smart phone applications market. All of us at PhoneGuard and most others in the industry believe the huge growth seen in the apps market over the past few years is just the beginning of this upswing. The DriveSafe Software Suite is our flagship product line and we plan to pack this product full of all the features and functions smart phone users demand. As we announced yesterday, we will hold a conference call next week to discuss the features and functions of this new product suite and to discuss our recent agreement with Justin Bieber to promote DriveSafe and combat texting while driving."

PhoneGuard's revolutionary Drive Safe™ anti-texting while driving software application suite disables the texting, emailing and keyboard functions of a mobile phone when a vehicle is in motion. By using GPS to track speed and coordinates, the Don't Text Don't Drive Mobile Application automatically turns off certain functionalities of the driver's mobile phone when the phone is in a moving vehicle. Thus, the user will no longer be able to text, email, surf the web or instant message while driving. When the car is stopped for more than 5 seconds, however, the phone will automatically allow texting and other data functions to resume. Any missed text messages will be waiting for the user. Once the user starts driving again, the software will automatically block these activities again.
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