Tatango: Free Ad-supported Group SMS Service
Tatango is a new ad-supported group SMS service which has been making huge steps forward since gaining funding and a new design six months or so ago.
Sign up, invite some friends (they have to opt-in, else this thing would be a spam machine), and you (or anybody you dub as a group admin) are able to SMS the entire group at once, either from the browser or right off your mobile handset.
The basic service is free, supported by 30 character advertisements strapped to the bottom of each message. Ad-free messaging is available along with a few other pay-per-option premium features but, at just under $35 bucks a month.
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