PALM HARBOR, Fla., Nov. 17, 2009 (GLOBE NEWSWIRE) -- Max Media Group, Inc. (PinkSheets:MXMI), announced today the following corporate updates:
CORPORATE FILINGS AND DISCLOSURE
The Company has completed the filing of its first Quarterly Disclosure Document and financials with Pink Sheets. As stated, management fully anticipates keeping all disclosure current and complete transparency for the shareholders.
Steve Reed, CFO of Max Media Group, Inc. and former trust officer, stated, "It was important for us to file this first quarterly report, not only to maintain Current Status with Pink Sheets but to begin a pattern of filing in a timely manner."
THE MAXIMUM MOTORING SHOW ("MMS")
The Maximum Motoring Show continues to be heard on WTAN 1340 and 1350 AM in Tampa Bay Area, Florida and in Arkansas on 880 KLRG. The show is also broadcast live on the Internet. The link can be accessed at www.maximummotoring.com. Max Media takes phone calls toll free Every Wednesday from 10:00 am EST. at 866-826-1340 or 727-441-3000 during the show and emails at theguys@maximummotoring.com.
This show is in partnership with Suncoast Animal League, a non- profit, and no-kill shelter in Palm Harbor. Suncoast Animal League, www.suncoastanimalleague.org, is an animal rescue agency, taking in abandoned, abused, homeless or unwanted animals.
EXPANSION AND ACQUISITIONS
The Company has completed initial due diligence on two acquisitions and expects to enter a Letter of Intent on each shortly. It is the opinion of management that these acquisitions fit strategically into the Company's current business model. These acquisitions would add revenues, additional exposure for the Company's listings and expand the Company's products and services.
About Max Media Group, Inc.
Max Media Group, Inc. currently operates multiple web sites 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 operates its various media outlets to market its listings and listing services. The Company's listings include high-ticket items such as classic cars, boats, planes, RV's, etc. The Company plans to offer these listing services through a national network of trained independent representatives.
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.