PALM HARBOR, Fla., Feb. 24, 2011 /PRNewswire/ -- Max Media Group, Inc. (Pink Sheets: MXMI), announced today that it has closed the acquisition of www.PatriotsTV.com, an investigative reporting-focused company providing the latest news about Homeland Security, America's Most Wanted Terrorists, and the 9-11 conspiracy.
James Grady CEO of MXMI. stated, "Wes and www.patriotstv.com brings a valuable asset in our news and information division. Wes' contacts both domestic and abroad give him access to very high level officials that enable him to create exclusive breaking news in the fight against terrorism. This acquisition is another example of our business model and how we will continue to grow. We seek companies and content producers to add value to our growing media network! "
Wesley T. Rodgers, founder of PatriotsTV stated, "I am excited to be part of the Max Media team! After lengthy conversations with Jim about the MXMI plan I was convinced that we share the same vision about how news and information will be presented and consumed. The ability to combine the written word with pictures and video surely is the future in journalism. "
Additionally, Grady addressed recent activity regarding MXMI share structure and shareholders concerns by stating, "There has been speculation amongst shareholders that the Company issued stock and sold shares. The increase in our float was caused by removal of a restrictive legend on shares issued for an acquisition 14 months ago."
For the complete release go to http://www.babelation.com/content/max-media-group-inc-acquires-wwwpatriotstvcom
SOURCE Max Media Group, Inc.