SOURCE: Max Media Group, Inc.

January 14, 2013 10:00 ET

Max Media to Aggressively Move Forward in the Secured Internet Content Arena

FORT LAUDERDALE, FL--(Marketwire - Jan 14, 2013) - 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 Information

  • Contact:
    Michael Manocchio