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.