PALM HARBOR, Fla., Dec. 1, 2009 (GLOBE NEWSWIRE) -- Max Media Group, Inc. (Pink Sheets:MXMI) announced today that it has entered into a Letter of Intent (LOI) to acquire Luxury Auto Direct Magazine and its website www.luxuryautodirect.com.
G. James Grady, Chairman of Max Media Group, Inc. stated, "Luxury Auto Direct can be a very important piece of our overall media strategy going forward. 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 print media which supports the company's overall marketing operations."
Rick Castillo, President of Luxury Auto Direct Magazine, Inc. stated, "We are excited by the enormous synergy to help grow our brand, and take advantage of economies of scale in our sales force."
LUXURY AUTO DIRECT
Luxury Auto Direct Magazine is a publication dedicated to the affluent automotive lifestyle. The magazine features the finest luxury and exotic automobiles, motorcycles, boats, and real estate. Also featured, are lifestyle pieces highlighting watches, jewelry, technology, gadgets, etc.
LuxuryAutoDirect.com develops and markets a superior website that targets dealers, private sellers, owners, and potential buyers of high-end products and services associated with the high-end automotive lifestyle.
* News stand distribution consists of national upscale chains such as Barnes & Noble, Borders, Hastings, Books A Million and supermarkets nationwide. * Copies are distributed at luxury automotive lifestyle events and auctions nationwide such as Rolex 24, Festivals of Speed, Palm Beach, Amelia Island Concours, Meadowbrook Concours, Concorso Italiano, and SEMA to name a few. * Luxury Auto Direct Virtual Magazine receives over a half a million hits monthly.
Luxury Auto Direct Virtual Magazine is emailed to over 100,000 online subscribers monthly.
Max Media also 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 and www.hotcharityweb.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.