Max Media Group, Inc. Announces LOI to Acquire Members Autolink
2010年6月22日 - 10:52PM
Max Media Group, Inc. (Pink Sheets:MXMI) announced today that it
has entered into a Letter of Intent (LOI) to acquire Members
Autolink (http://www.membersautolink.com), a car buying service
working with eight (8) Tampa Bay area credit unions totaling over
300,000 members.
James Grady, President & CEO of Max Media Group, Inc.
stated, "This is a very exciting acquisition for us. We have been
looking for an opportunity to get into the "every day car market".
Autolink will do this in a big way very quickly and add instant
revenue to Max Media. The unique way that Autolink combines car
dealer inventory and the buying public with credit unions is a
great opportunity for growth which will be increased substantially
within our marketing and advertising network. The participating
credit unions market Autolink's services to their members. This
creates a tremendous opportunity for us to advertise and
communicate to 300,000-plus people on a monthly basis."
Grady continued, "We continue to pursue acquisitions that will
fit into the Max Media business model while adding revenues, and
Autolink fits that mold. We expect to announce several other
exciting developments over the next few weeks, including the
revised launch of our recent acquisition,
www.smallcaptube.com."
Mike Murphy, founder of Members Autolink also stated, "I love
what Max Media has been able to accomplish with the Hot Auto Web
site in a short amount of time http://www.hotautoweb.com. I look
forward to playing a big part in our continued growth within the
Max Media Group Inc. family."
MEMBERS AUTOLINK
Members Autolink (http://www.membersautolink.com) is a car
buying service that was developed and implemented in 2005 for
credit unions and their members to simplify the car buying
experience by providing favorable purchase terms while enabling the
credit unions to finance the purchase. Credit union members can
locate, purchase, finance and insure their vehicle all with the
confidence of knowing their credit union oversees the process.
The company's vision and strategic focus is adding value to
credit union services while providing the best car buying
experience in the industry. There is a need for simplifying
the car buying process and assuring that members receive a better
than average price when purchasing an automobile. Members Autolink
has done so through advanced technology, a pre-negotiated pricing
structure, assuring credit union financing and a network of
pre-selected affiliated dealerships.
Members Autolink founders Mike Murphy and Steve Oxsalida bring
25 years of combined automotive management, automotive service
experience, as well as 20 years of affinity group and credit union
experience and dedicated member service, to our program.
About Max Media Group, Inc.
Max Media is a leading developer of 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 and www.hotcharityweb.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
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.
Jim Grady
877-243-9327
Altavoz Entertainment (CE) (USOTC:AVOZ)
過去 株価チャート
から 4 2024 まで 5 2024
Altavoz Entertainment (CE) (USOTC:AVOZ)
過去 株価チャート
から 5 2023 まで 5 2024