Max Media Group Inc on the Nasdaq
A leader in Social Media development and investment had its banner released on the NasDaq Tower in TimesSquare New York
PALM HARBOR, Fla., April 14, 2011 Max Media Group, Inc. (Pink Sheets: MXMI), announced today that it has closed the acquisition of www.classiccorvettes.com, and 35,000sf showroom of Classic Corvettes and Collectables in Tarpon Springs Florida.
James Grady CEO of MXMI. stated, " This acquisition enables us to now have a world class showroom and repair facility for classic and collector cars and class A office space for our corporate office and Internet radio studio. Classic Corvettes and Collectables is now a valuable asset in our luxury transportation division. Our new corporate headquarters are now located at 304 S Pinellas Ave Tarpon Springs FL. This acquisition is another example of our business model and growth plan. We continue to seek out complementary websites and companies to add value to our growing media network! ”
Additionally, the acquisition comes with the marketing rights to sell the serial # 1 Corvettes from 1955, 1956, and 1957. Nowhere in the world do three number 1 corvettes exist together! The sale price of these cars is expected to bring more than $3,000,000.
The Company has not nor does it intend to participate in any so-called death spiral or “free-trading” share-based financings. Any issuance of securities will be under Rule 144 for both acquisitions and or potential financings. Consultants, employees and other third party providers will also only receive stock under Rule 144. “
Grady continued, “We value our shares and the role they play in our acquisition strategy. With all the acquisition opportunities before us and that we are in the final stages of completing, it would not be in the Company’s best interest to do anything destructive to our share structure. It is our intent to continue on an aggressive, shareholder-friendly growth strategy to fuel our revenue model.
About Max Media Group, Inc.
Max Media is a leading developer of providing monetized content to high-end, high impact social-based online community markets. As the internet's content models shift in 2011 and beyond, Max Media's portals will enable the general public to create and organize their own news and information; anyone anywhere can upload breaking news stories and high end luxury items for sale by text, photo or video through cell phones, mobile devices on the Max Media Groups websites.
Max Media Group, Inc. operates a growing network of web sites including www.babelation.com, www.hotautoweb.com, www.hotrvweb.com, www.hotboatweb.com and www.hotcharityweb.com among others. Additionally, the Company owns the Maximum Motoring Radio Show (http://www.maximummotoring.com).
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
Max Media Group Contact : Jim Grady 877-243-9327
SOURCE Max Media Group, Inc.