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Max Media to Aggressively Move Forward in the Secured Internet Content Arena
FORT LAUDERDALE, FL, Jan 14, 2013 (MARKETWIRE via COMTEX) --
Max Media Group, Inc. (the "Company") (PINKSHEETS: MXMI), announced
today that it has executed a Letter of Intent with Secure One
Solution, Inc., a private Delaware corporation, to acquire the
exclusive US license to market a bootable Universal Serial Bus
("USB") flash drive (the "Product"), that will enable users to access
a complete suite of services and applications protected by the
highest level of military grade internet security. These services
include email, telephone and voice mail, IM, fax, paging as well as
music, movies and video. The Product prototypes look and feel the
same as the millions of other flash drives presently in use that
mainly provide connectivity. The unique feature of the Product is
that it contains a secure operating system separate from the hard
drive together with a secure/hardened operating system, virtual
private network and authentic back-up service. The Product is
compatible with all home and office computers (including governmental
and military) as well as all hand held devices and its advanced
encryption protocol assures secure internet transmission. This
Product addresses the universal concern of the sanctity and security
of online commercial, banking and other transactions. The security
protections afforded by our Product will become ever more relevant as
the volume of online commerce continues to increase, whether
conducted at home, office or mobile devices. The Product and its
services and applications will be priced such that its many features
will be substantially less expensive to the user than if acquired
separately. The Company is evaluating many marketing strategies for
the Product, including Big Box Outlets, telemarketing, exclusive
labeling and internet sales.
In consideration, the Company will issue a total of 10,000,000 shares
of its authorized but unissued shares of common stock and agree to
pay an annual royalty of 5% to Secure One on all sales whether such
sales are made by the Company or its sub-licensees. The terms and
conditions of the exclusive license agreement when executed will
oblige Secure One to provide technological upgrades and support
services to our customers as well as to begin a program of national
and regional advertising and promotion.
In order to simplify its capitalization, the holder of the Company's
$15M convertible preferred note has agreed to convert that note into
10M shares of the Company's authorized but unissued common stock and
to dispose of these shares only when and if the Company achieves
certain levels of sales and earnings to be determined by the Board of
Directors.
Contact:
Michael Manocchio
561-859-3081
SOURCE: Max Media Group, Inc.
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