Max Media Group, Inc. Closes Acquisition of www.Babelation.com
2010年3月10日 - 3:26PM
Max Media Group, Inc. (Pink Sheets:MXMI), announced today that it
has closed its acquisition of www.Babelation.com. The acquisition
was completed with using founder's shares from G. James Grady Jr.,
Chairman of Max Media, resulting in no dilution to the current
shareholders.
Babelation.com is a Leading User-Generated News and Information
distribution portal focused on the aggregation of content from
authors, bloggers, expert reporters, students, news junkies and
everyday people. It is "News by You for You".
Babelation's business model differentiates itself by including
revenue sharing cash payments to content providers, who
historically have submitted their content to social networks like
YouTube, MySpace, Flickr and others without receiving
compensation... Basically working for free.
To the contrary, Babelation pays content producers and is a
pioneer in the revenue sharing content market. Babelation pays a
varying monthly rate of 10 - 25% to content producers. Babelation's
portal enables 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 Babelation
platform.
G. James Grady Jr., Chairman of Max Media Group, Inc. stated,
"The Babelation site is an important piece to the Max Media
business model. The value it brings to that model far outweighs its
stand-alone value. I am extremely excited about the growth
opportunities that lie ahead for both www.babelation.com and Max
Media ".
THE MAXIMUM MOTORING SHOW ("MMS")
The Maximum Motoring Show will have special guest Wayne Carini
from The HD Theater TV show Chasing Classic Cars on today, March
10, at 10:00 am EST. Bob Lutz, Vice Chairman of General
Motors, will be the show's special guest on March 17th at 10:00 am
EDT.
The Maximum Motoring Show continues to be heard on WTAN 1340 and
1350 AM in Tampa Bay, Florida. The show can now also be heard on
880 KLRG in Little Rock, AR and WKIQ 1240 in Eustis, FL.
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 at 866-826-1340 or 727-441-3000 during the show and
emails at theguys@maximummotoring.com.
About Max Media Group, Inc.
Max Media Group, Inc. currently operates ten 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 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.
The Max Media Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7021
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.
CONTACT: Max Media Group, Inc.
G. Jim Grady Jr.
877-243-9327
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