PALM HARBOR, Fla., Aug. 4, 2010 (GLOBE NEWSWIRE) -- Max Media Group, Inc. (Pink Sheets:MXMI) announced today that it has closed the acquisition of the web site www.smallcaptube.com The web site has been redesigned and relaunched as a Max Media Group branded property.
James Grady, President & CEO of Max Media Group, Inc., stated, "This is a very exciting acquisition for us. We have been working very hard on the redesign and our business model for Small Cap Tube going forward. We have partnered with Film Annex www.filmannex.com to supply us with content and take advantage of their broadcast quality advertising network. This relationship will allow us to generate revenue right out of the gate!"
Grady continued, "We plan on pursuing not only individual companies that want more exposure through video, but also Investor Relation firms that wish to drive traffic to their clients. We will also be adding community and social aspects to the site as we progress."
About Max Media Group, Inc.
Max Media is a leading developer, 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.
Max Media Group, Inc. operates a growing network of web sites including www.babelation.com, www.hotautoweb.com, www.hotrvweb.com, www.hotboatweb.com, www.hotcharityweb.com and www.smallcaptube.com among others. Additionally, the Company owns the Maximum Motoring Radio Show (http://www.maximummotoring.com).
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
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