PALM HARBOR, Fla., Jan. 6, 2010 (GLOBE NEWSWIRE) -- Max Media Group, Inc. (Pink Sheets:MXMI), announced today that it has entered into a Letter of Intent (LOI) to acquire Extreme Chevy's website www.extremechevys.com.
James Grady CEO of Max Media Group, Inc. stated, "The demographic fits perfectly with our 'Hot Web' sites and will give our combined sales force the ability to offer expanded advertising in this very lucrative luxury automobile niche market. This acquisition marks the Company's expansion into purchasing web based content which supports the company's overall marketing operations. We sell advertising! This is just one example of the types of web properties that we plan on leveraging as we grow. Content is king, and anytime we can make an acquisition of a high end site we will."
EXTREME CHEVYS
Extreme Chevy's, formerly a restorer and builder of custom Camaro's and other Chevy's will be an additional portal for our entire Chevrolet inventory past and present. The site will also be a primary lead generator for the custom car and aftermarket builders. The company plans to use the site to partner with and help develop business for the custom Chevrolet builders.
Max Media also previously announced that it is working closely with its transfer agent and the Depository Trust Company (DTC) to complete the dividend issued by Gold Coast Mining (Pink Sheets:GDSM). Management assures all GDSM shareholders of record of GDSM stock on August 31, 2009 that they will receive their dividend. With all the regulatory changes and additional requirements, there have been unexpected delays out of Gold Coast Mining's control. Shareholders of GDSM that have met the requirements for the dividend are encouraged to send their contact information to Jim Grady via email at jim@maxmediamxmi.com to be kept up to date on developments regarding their dividend.
About Max Media Group, Inc.
Max Media Group, Inc. currently operates numerous web sites in specific niche markets including: www.hotautoweb.com, www.hotrvweb.com, www.hotboatweb.com, www.hotcharityweb.com and www.extremechevys.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 currently has 75,098,804 shares issued and outstanding. 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, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.