Max Media Group, Inc. Announces closing of Members Autolink
PALM HARBOR, Fla., Feb. 10, 2011 /PRNewswire/ -- Max Media Group, Inc. (Pink Sheets: MXMI), announced today that it has closed the acquisition of Members Autolink (http://www.membersautolink.com) , a car buying service working with eight (8) Tampa Bay area credit unions totaling over 350,000 members.
James Grady President & CEO of Max Media Group, Inc. stated, "This is a very exciting acquisition for us. We have been looking for an opportunity to get into the 'every day car market.' Autolink will do this in a big way very quickly and add instant revenue to Max Media. The unique way that Autolink combines car dealer inventory and the buying public with credit unions is a great opportunity for growth, which will be increased substantially within our marketing and advertising network. The participating credit unions market Autolink's services to their members. This creates a tremendous opportunity for us to advertise and communicate to 350,000 plus people on a monthly basis." The credit unions include Achieva Credit Union, City County cu, Service 1st Credit Union, Tampa bay federal cu, Service 1st Credit Union, Tampa Postal Cu, Florida west coast cu, Pinellas credit union, West Coast Federal Employees Credit Union.
Grady continued, "We continue to pursue acquisitions that will fit into the Max Media business model while adding revenues, and Autolink fits that mold. We expect to announce several other exciting developments over the next few weeks."
Mike Murphy founder of Members Autolink also stated, "I love what Max Media has been able to accomplish with the Hot Auto Web site in a short amount of time http://www.hotautoweb.com .I look forward to playing a big part in our continued growth within the Max Media Group Inc. family."
MEMBERS AUTOLINK
Members Autolink (http://www.membersautolink.com) is a car buying service that was developed and implemented in 2005 for credit unions and their members to simplify the car buying experience by providing favorable purchase terms while enabling the credit unions to finance the purchase. Credit union members can locate, purchase, finance and insure their vehicle all with the confidence of knowing their credit union oversees the process.
The company's vision and strategic focus is adding value to credit union services while providing the best car buying experience in the industry. There is a need for simplifying the car buying process and assuring that members receive a better than average price when purchasing an automobile. Members Autolink has done so through advanced technology, a pre-negotiated pricing structure, assuring credit union financing and a network of pre-selected affiliated dealerships.
Members Autolink founder Mike Murphy bring 25 years of automotive management, automotive service experience as well as 20 years of affinity group and credit union experience and dedicated member service, to our program.
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.babelation.com, www.hotautoweb.com, www.hotrvweb.com, www.hotboatweb.com and www.hotcharityweb.com www.smallcaptube.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.
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