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TMCNet:  Max Media Group, Inc. Enters Letter of Intent to Acquire and Related Assets

[March 24, 2011]

Max Media Group, Inc. Enters Letter of Intent to Acquire and Related Assets

PALM HARBOR, Fla., March 24, 2011 /PRNewswire via COMTEX/ -- Max Media Group, Inc. (Pink Sheets: MXMI), announced today that it has entered a Letter of Intent to acquire majority control of the assets of ("BB2") and the company's technology applications including Internet Radio Protocol, IPTV ( Internet Television), VOIP and SMS text messaging. These assets include BB2's approximate 15 million subscribers and users of its various services.

Additionally, MXMI announced that it would be acquiring BB2's movie library, with the equivalent selection of titles found at Netflix, as well as the music library whose selection of genre and titles is equal to those available on iTunes.

In the last 3 years over $3.5mm has been invested in developing BB2's technology (Internet Radio, IPTV, VOIP, SMS Text Messaging) and building its subscriber/user base. With the major components of the business model in place and a tremendous subscriber base of data and demographics, the company is ready to enter the revenue stage. For the complete release click here Max Media Group Contact : Jim Grady 877-243-9327 SOURCE Max Media Group, Inc.

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