FORT LAUDERDALE, Fla., June 13, 2012 /PRNewswire/ -- MMAX Media, Inc. (OTCBB: MMAX) is pleased to announce that PayMeOn has been selected by Foss Manufacturing for the launch of its Antimicrobially-Protected Baby Blanket. According to Ed Cespedes, CEO of MMAX and PayMeOn, "We are very pleased that a Company of Foss' stature recognizes the value of the PayMeOn platform. Mothers are especially passionate about sharing great products on the PayMeOn platform and we think this product is special. To learn more about the Foss Antimicrobially-Protected Baby Blanket launch, please visit: http://www.reuters.com/article/2012/06/12/idUS119742+12-Jun-2012+BW20120612.
The PayMeOn presentation completed on Thursday, May 31, 2012 at 5:00 pm EST can be viewed here: http://paymeon.com/05.31.12%20PayMeOn%20Presentation.pdf . We encourage investors and customers to review the presentation carefully and in its entirety, which highlights the business strategy and current milestones, including:
- Rapid member growth from approximately 4,416 in the first quarter to approximately 54,894 through the first two months of the second quarter (an increase of approximately 1,143%)
- Continued adoption of the Company's subscription based PayMeOn Merchant Profit Center product
- Launch of the Company's Social Income Calculator
The statements in this press release that relate to the Company's future expectations are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of MMAX Media, Inc. can be found in the filings of MMAX Media, Inc. with the U.S. Securities and Exchange Commission.
MMAX Media, Inc.
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