Max Media Announces Corporate Update and Business Agenda

PALM HARBOR, Fla., Sept. 14, 2011 /PRNewswire/ -- Max Media Group, Inc. (Pink Sheets: MXMI), announced today the following corporate update and short term business agenda.

Corporate Update:

After absorbing several acquisitions and web properties over the last several years Max Media Group, Inc. has begun the process of integrating these assets under the MXMI umbrella in a cohesive, efficient, profitable business model. In this process, management has reviewed each asset and property to see how it may fit in the overall picture, including capital requirements, return on investment and potential revenue streams.

From this review, management elected to divest its acquisition of the 35,000 square foot showroom and classic car restoration facility. The decision to unwind this transaction was based on the overhead expense of the operation in light of the "slow down" in the industry and overall economy.

Jim Grady, President of Max Media Group, Inc., stated, "In our opinion, the resources required to run the facilities could be utilized more efficiently and profitably elsewhere in our business model."

Additionally, management viewed the restoration facility as a diversion of focus from the Company's content development, delivery, marketing and advertising revenue model.  

In regards to its June 2011 10Q Report, the Company is completing the review of the filing and expects the report to be filed shortly.

Business Agenda

With the goal of moving the business model to the next level and enhancing shareholder value, Max Media Group, Inc. has instituted the following short term initiatives:

-A Securities attorney has been selected to begin the process of filing a registration statement for the company to become fully reporting.

-An auditor will be selected to prepare the Company's audits and assist with a listing to the OTC Bulletin Board.

-The Company is pursuing opportunities to "syndicate" The Maximum Motoring Show. Shareholders can listen to the show live and archived shows at www.maximummotoring.com. The show is heard every Thursday morning at 11:00 am ET on 1340 am & 1350 am in the Tampa Bay market and on 880 am KLRG throughout the state of Arkansas. Shareholders can also listen to the Maximum Motoring Show interview Jay Leno on sister site Babelation by clicking: http://www.babelation.com/audio/jay-leno-interviewed-jim-grady-and-stew-white.

-Some of the recently acquired BB2Live and BlackBook2 assets will be operated in a subsidiary around the 15mm subscribers and the BlackBook2 services as BlackBook My Online Network ("BMON").  BMON will be a business social network that will provide all the services an individual or company would need to stay in touch with their "Black Book" of contacts- Voice over IP, Fax over IP, SMS Text Messaging, music download, video download, coupons, cloud computing, email marketing and a continuous suite of add on services.

-Black Books' Internet TV / Radio and Various other properties and assets will be operated in a separate subsidiary as a IPTV Talk show network platform. The platform will allow talk show hosts to broadcast with or without video. The network will be designed as the platform for launching numerous Internet TV / Radio Properties. These properties will cover a variety of topics and be the foundation for developing a continuously growing content library in specific high value niches. It is the intention of Max Media to spin this asset off eventually as a separate publicly-traded entity via a dividend to its current shareholders. While MXMI will retain a significant stake, a spin-off will enhance shareholder value and allow the new entity to grow autonomously as an internet TV/ radio distribution network. MXMI is currently pursuing industry qualified management to run this network.

Grady stated, "Think of this network in the sense of the birth of cable television. As content grew, viewership grew, and as that viewership grew so did the demand for niche content. Our internet TV /radio platform will be positioned to capitalize on the next wave of that demand."

In closing, Grady concluded, "We have taken several measures that we feel position the Company and its shareholders to capitalize on the explosive growth taking place in User generated content, social media, ecommerce and networking services. We will keep our shareholders updated regularly as we pursue these initiatives."

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, Inc. Contact : Jim Grady 877-243-9327

SOURCE Max Media Group, Inc.