PALM HARBOR, Fla., May 19, 2011 /PRNewswire/ -- Max Media Group,
Inc. (Pink Sheets: MXMI), announced today that it has executed a
Definitive Agreement to acquire control of the assets of
www.BB2Live.com ("BB2") and the company's technology applications
including Internet Radio Protocol, IPTV, VOIP and SMS text
messaging. The Definitive Agreement also includes the acquisition
of BB2's film and music library, BB2's approximate 15 million
subscribers and BlackBook2.com (includes a complete social
networking site as well as numerous unique URLs for future
development).
Max Media sees this acquisition as not only a perfect fit to its
current business model, but one that has added instant exponential
growth to its revenue stream, content, service offerings,
subscribers and user traffic. The BB2 acquisition positions Max
Media as a social media content and revenue solution for its sites
as well as existing internet sites and communities. Through BB2,
the Company will offer a multitude of convenient, cutting edge and
varied technologies - including email, live internet video
exchange, video web chat, music streaming, movie streaming, video
online telephony, conference calling, SMS texting and coupon
cellphone delivery.
Additionally, the technology acquired deploys a multitude of
platforms which can be customized for any company, advertiser or
end user. The power of the platforms comes from a robust back
engine which houses leading technologies in downloading, streaming
and telecommunications. This technology will allow Max Media to
have a presence in every industry.
James Grady, President & CEO
of Max Media Group, Inc., stated, "The magnitude of this
acquisition to the future and growth of Max Media can not be
underestimated. The potential revenue streams from the technology
as well as the subscriber base of 15 million within the Max Media
Network are unlimited. Our revenue and growth will be a function of
how quickly we can implement the various revenue models that this
acquisition presents."
Grady continued, "Controlling our excitement and patience while
launching these services, partnerships and advertising strategies
will prove to be our biggest challenge. The 15 million subscribers
are an untapped goldmine of demographics. If you look at the
subscribers as a list of names, then all you have is a lead list.
But within the Max Media model coupled with BB2 technology and all
its components, this is a virtual annuity of revenue streams."
Various research groups have valued subscribers as high as
$90 per in synergistic advertising
campaigns.
Management has scheduled an official closing of the acquisition
by May 31, 2011. In the meantime, the
parties have initiated the transfers and integrations of the assets
being acquired. The acquisition is being acquired for debt and
Preferred Stock.
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
www.classiccorvettes.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.