Max Media Group, Inc. (Pink Sheets:MXMI) announced today the following corporate updates:

THE MAXIMUM MOTORING SHOW ("MMS")

Max Media is pleased to announce that it has closed a definitive agreement to acquire the distribution rights to all of the content produced in the past and future by the Maximum Motoring Show. This acquisition was completed without any further dilution to the existing shareholders. Max Media is also pleased to announce that two additional markets have picked up the Maximum Motoring Show. The show can now also be heard on 880 KLRG in Little Rock, AR and WKIQ 1240 in Eustis, FL. Maximum Motoring is also in negotiations with one of the largest AM stations in the Denver, CO market.

This week's guest will be Ian Kelleher, President and Chief Operating Officer of RM Auctions

About RM Auctions

RM Auctions, the official auction house of the Amelia Island Concours d'Elegance, is the world's largest auction house for quality automobiles. With over three decades of experience in the collector car industry, RM's vertically integrated range of services, from restoration to private treaty sales, auctions, estate planning and financial services, coupled with an expert team of car specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM proudly holds five of the top 10 – and more significantly, four of the top five – all time records for the most expensive motor cars sold at auction.

The Maximum Motoring Show continues to be heard at 10:00 am est. on WTAN 1340 and 1350 AM in Tampa Bay, Florida. The show is also broadcast live on the Internet. The link can be accessed at www.maximummotoring.com. Max Media takes phone calls toll free at 866-826-1340 or 727-441-3000 during the show and emails at theguys@maximummotoring.com

Jim Grady, President of Max Media Group, Inc. stated, "Our ability to continue to aggregate valuable content and leverage that content in our core niche markets is very exciting! We are continuing to seek out producers of proprietary content to help broaden our reach."

MXMI CONTENT BUSINESS MODEL

Max Media is a leading developer of providing monetized content to high-end, high impact social based online community markets. Max Media's business model distinguishes itself by issuing revenue sharing cash payments to content providers who historically have "worked for free". As the internet's content models shift in 2010 and beyond, Max Media is positioned to capture significant content, users, eyeballs and revenues from social networks like Facebook, YouTube, MySpace, Flickr and others.

Authors, bloggers, experts, reporters, students, news junkies and everyday people contribute content across every niche market being leveraged. Max Media pays content producers and is a pioneer in the revenue sharing content market. Max Media pays a varying monthly rate of 10 - 25% to content producers. Max Media's portals enable the general public to create and organize their own news and information; anyone anywhere can upload breaking news stories by text, photo or video through cell phones, mobile devices or Internet connection posted on the Max Media Group website Babelation.com and HotNewsWeb.com.

EXPANSION AND ACQUISITIONS

As previously announced, the Company has entered into several Letter Of Intents for various acquisitions. The Company is currently finalizing several terms and conditions regarding these acquisitions and expects the deals to proceed to Definitive Agreements over the next few weeks.

Additionally, the Company has identified several additional acquisitions that are expected to move to the next stage of due diligence over the next few weeks as well.

Jim Grady, President of Max Media Group, Inc. stated, "The way content is being acquired, along with the ease for individuals to provide that content is creating a tremendous opportunity to capitalize on the shift in the internet's content business model."

Grady further stated, "It is our intention to aggressively take advantage of the huge discrepancy in the market for buying and selling smaller websites (generally with price tags under $1 million). By acquiring smaller sites at the lower multiples and networking them together under the Max Media umbrella, the Company will achieve higher valuations and multiples for its shareholders."

About Max Media Group, Inc.

Max Media Group, Inc. currently operates several web sites including www.hotautoweb.com, www.hotrvweb.com, www.hotboatweb.com and www.hotcharityweb.com among others. The domain properties were founded in 2001 with the current management assuming control in 2009. In the past 5 years www.hotautoweb.com has generated $17 million dollars in the classic car segment.

The Company operates its various media outlets to market its listings and listing services. The Company's listings include high-ticket items such as classic cars, boats, planes, RV's, etc. The Company plans to offer these listing services through a national network of trained independent representatives.

The Company currently has 75,098,804 shares issued and outstanding.

The Max Media Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7021

CONTACT:  Max Media Group, Inc.

Jim Grady
877-243-9327

Max Media Group, Inc. Logo

Grafico Azioni Altavoz Entertainment (CE) (USOTC:AVOZ)
Storico
Da Apr 2024 a Mag 2024 Clicca qui per i Grafici di Altavoz Entertainment (CE)
Grafico Azioni Altavoz Entertainment (CE) (USOTC:AVOZ)
Storico
Da Mag 2023 a Mag 2024 Clicca qui per i Grafici di Altavoz Entertainment (CE)