Max Media Group, Inc. (MXMI) Completes Reverse Split of Its Common and Preferred Stock and Moves Forward With S-1 Registratio...
15 Novembre 2012 - 4:33PM
Marketwired
Max Media Group, Inc. (PINKSHEETS: MXMI), OTC Markets, symbol MXMI
(the "Company"), announced that the reverse split of its common
shares effected on a 1 for 400 basis, was previously announced by
the Financial Industry Regulatory Authority ("FINRA") on October 8,
2012, with an effective date of October 9, 2012. The Company also
announced the reverse split of the shares of its Series "B"
Convertible Preferred Stock on a 1 for 10 basis with an effective
date of October 26, 2012. The Company also confirmed that the audit
for the calendar years ended December 31, 2010 and 2011 has been
completed. Mike Manocchio, the Company's president stated that "he
is grateful for the patience and support of the Company's
shareholders and that plans to file an S-1 registration statement
regarding the Company's common stock are proceeding." He also
indicated that the Company is continuing to evaluate several
attractive business opportunities with a view toward either
acquisition or joint venture arrangements.
Contact: Michael Manocchio 561-859-3081
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