SOURCE: AutoMax Group Inc.

February 23, 2009 08:44 ET

AutoMax Group Inc., & Subsidiary, Kern Automotive Group Inc., Announce Their New Location and Expansion Plans

WOODSTOCK, GA--(Marketwire - February 23, 2009) - AutoMax Group, Inc. (PINKSHEETS: MXWF), is pleased to announce the new location for its subsidiary operations and simultaneously, that it has launched its official expansion plan.

The new location is located at # 2, 9875 Main St. Woodstock, GA 30188, USA. Much preparatory work regarding the new location was started immediately upon signature. This work is very near completion and we are extremely pleased to announce that finalization of the grand opening date, will be announced very shortly.

The re-location application for Kern Automotive Group's used car dealer license with Georgia State has been filed.

Photos of the new location and some of the renovations can be downloaded from the following location.

The location will hold 150 cars, has 2800 sq ft of newly renovated office space and has many advantages to streamline our retail operations. These advantages, along with our expansion plans, were the determining factors to relocating.

We expect this to translate into a considerable increase in retail revenues. Historically, wholesale operations made up the bulk of revenue source. We are delighted to have the opportunity to now increase retail sales as well, as we press onward with retail and wholesale, expansion efforts.

This new location will serve as an incubation point for the companies' expansion to other locations.

A great deal of effort has been expended into researching our expansion plan for further satellite locations. Research has shown, that having multiple, moderately sized, strategically placed locations, greatly increases our public exposure, and potential revenues. Much work focusing on expanding to other locations is underway and will initiate on a location by location basis, as the model for the new business mandate. Our intention is to leverage several of our industry affiliations in this regard, towards growing our business model.

CEO Jacob Kern, emphasizes, "An incredible amount of time and effort has been expended by many involved parties, to facilitate our securing of this new location, and to further our expansion model.

"I express my profound appreciation to all of them. We are here to stay, and I am quite certain you will all be very impressed when you see the results of our expansion efforts. Our enormous contacts in this industry, have for a year now, expressed their desire to participate in this new venture model. We can now say with conviction, that we will aggressively pursue these mutually synergistic ideals immediately.

"We believe all who follow our progress, will also find these new strategies not only functional, but highly lucrative in principle. I would like to conclude by inviting everyone to please visit our new facility. We are ready to assist anyone on making their car ownership a pleasant and remarkable experience."

Directions to the facility.


About AutoMax Group Inc., & Subsidiary, Kern Automotive Group Inc.

"Kern Automotive Group Inc.," is a wholly owned subsidiary of "AutoMax Group Inc.," a Georgia corporation, which incubates "Buy Here - Pay Here" used car dealer business models. The model was formed for the purpose of facilitating acquisitions by prospective affiliated and independent dealership operators in the Georgia region with the intention of nationwide expansion, potentially also to include franchisees. All references made by "AutoMax Group Inc, and/or it's wholly owned subsidiary, Kern Automotive Group Inc." in reference to, used car dealer operations, in press releases, on either companies website, or in any material in the public domain, either current, in the future, (until further notice) or predating this release, are to be considered in reference to transactions entered into by "Kern Automotive Group Inc." The owner of both companies has extensive experience in the automotive sales industry regarding both new and used car sales, financing and management of each. Mr. Jacob Kern has an incredible record in sales within the industry and will utilize his experience in the furtherance of this business model.

Historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (I) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

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