SOURCE: Max Media Group, Inc.
FORT LAUDERDALE, FL--(Marketwire - Nov 15, 2012) - Max Media Group, Inc. (PINKSHEETS: MXMI), OTC Markets, symbol MXMI (the "Company"), announced that the reverse split of its common shares effected on a 1 for 400 basis, was previously announced by the Financial Industry Regulatory Authority ("FINRA") on October 8, 2012, with an effective date of October 9, 2012. The Company also announced the reverse split of the shares of its Series "B" Convertible Preferred Stock on a 1 for 10 basis with an effective date of October 26, 2012. The Company also confirmed that the audit for the calendar years ended December 31, 2010 and 2011 has been completed. Mike Manocchio, the Company's president stated that "he is grateful for the patience and support of the Company's shareholders and that plans to file an S-1 registration statement regarding the Company's common stock are proceeding." He also indicated that the Company is continuing to evaluate several attractive business opportunities with a view toward either acquisition or joint venture arrangements.