PALM HARBOR, Fla., April 25, 2011 /PRNewswire/ -- Max Media Group,
Inc. (Pink Sheets: MXMI), announced today that it has added the
acquisition of a high-end restoration facility to its recent
acquisition of www.classiccorvettes.com and the 35,000 sq. ft.
showroom of Classic Corvettes and Collectables in Tarpon Springs, Florida.
The facility is a turnkey, fully-equipped classic car
restoration operation that includes 3 State of The Art spray
booths. The facility is located at 440 S. Pinellas Ave. in
Tarpon Springs, Florida and at
45,000+ square feet is the largest classic car restoration
operation in the Southeast U.S. The facility is in close proximity
to the recently acquired 35,000 square foot showroom, creating a
complete 80,000+ square foot classic car operation that includes
showroom, repairs, restoration, Speed Shop, and storage.
The restoration facility currently has four projects in various
stages of restoration; including a 1968 Chevelle Convertible
ProTouring Custom Build, 1970 Plymouth Cuda ProTouring Custom
Build, 1969 Camaro Convertible ProTouring Custom Build and a 1971
Chevelle Convertible Project Car. Upon completion of restoration,
these cars will have a total resale value in excess of $450,000. Restoration projects will range from
$10,000 to several hundred thousand
dollars and will include high profile projects.
James Grady President & CEO
of Max Media Group, Inc. stated, "These recent acquisitions are a
major step in the completion of our business model as it pertains
to the classic car industry. The goal of our company is to tap into
niche communities and create a network within that community that
provides valuable services, information and products. If you look
at the www.hotautoweb.com property, the Max Motoring Radio Show,
the classic car showroom, the restoration facility,
www.classiccorvettes.com and the recent acquisition of Members
AutoLink; I think you can see the revenue model taking shape. We
are involved in most every aspect of the collectible car industry.
We can service this community whether they are looking, discussing,
buying, selling, restoring or just have a love for classic
cars."
Grady, continued, "It is our intention to duplicate this model
across various niche communities. We will bring together the
members of a specific market (such as collectible cars) through
various company owned media venues (radio, social networking,
internet, print, etc) with tangible assets. This will position us
to capture the activity (revenues, data, etc.) of that niche
community. As we build out these niche community models under The
Max Media Network we will be creating multiple revenue streams,
marketing opportunities and substantial data."
Additionally, Max Media announced that it will be holding a
conference call to provide a shareholder update and answer
shareholder questions. The conference call will be at 4:15 PM EST. The call in number is (218) 339-3600
and the access code is 76774#. Please call in 10 minutes early. A
replay of the conference call will be available after 48 hours on
the Max Media site www.maxmediamxmi.com
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. As
the internet's content models shift in 2011 and beyond, Max Media's
portals will enable the general public to create and organize their
own news and information; anyone anywhere can upload breaking news
stories and high end luxury items for sale by text, photo or video
through cell phones, mobile devices on the Max Media Groups
websites.
Max Media Group, Inc. operates a growing network of web sites
including www.classiccorvettes.com 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).
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: the impact of economic, competitive and
other factors affecting the Company and its operations, markets,
product, and distributor performance.
Max Media Group Contact : Jim
Grady 877-243-9327
SOURCE Max Media Group, Inc.