Max Media Group, Inc. Announces Corporate Update
22 Febbraio 2010 - 9:50AM
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
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