SOURCE: Maxima Group Inc.

SOURCE: City Vines, LLC

October 19, 2015 08:00 ET

Maxima Group Inc. Acquires City Vines, LLC dba Vinium™ Wines

LAGUNA BEACH, CA--(Marketwired - October 19, 2015) - Maxima Group, Inc. (OTCBB: MXMG) has acquired City Vines, LLC in a stock-for-stock transaction. City Vines, LLC, which does business under the name of Vinium, will now operate as a wholly-owned subsidiary of Maxima Group. Mr. Gorny, CEO and President of Maxima Group, is currently the only Board Member of the public company Maxima Group, Inc. but Richard Cardoza has agreed to join the board and more Board Members from both companies will be added including individuals from the wine Industry.

Vinium™ is a super premium, environmentally sensitive winery, located in California's Napa Valley, which is ushering in a new era of high quality and sustainability for the American wine industry. The company was founded by Richard Cardoza, well-known industry veteran in retail sales of wines and spirits, and renowned winemaker George Bursick, best known for his previous winemaking stints at Ferrari-Carano and J Vineyards. Mr. Bursick has the distinction of having made the #1 wine in the world twice, a feat that has never been duplicated.

Among other things, Vinium is pioneering a dramatic shift in wine packaging so that every wine lover in the U.S. can afford to drink super-premium wines. The fast-growing alternative package wine category alone is a $5.4 billion market with a 20% annual compounded growth rate. Vinium sources the finest wines available, blends them to perfection, and packages them in a unique cost saving, eco-friendly manner that maintains freshness much longer than standard bottling. These savings are passed on to the consumer, giving Vinium both a unique marketing niche and a distinct competitive pricing advantage.

Mr. Cordoza, President of Vinium, stated, "We are very excited to make this announcement. Maxima Group can provide the resources we need for expansion, and we look forward to using our combined resources to quickly scale up production and develop a nationwide distribution system much sooner than we originally anticipated."

Maxima Group CEO Mirek Gorny added, "This acquisition marks a new day for our company and we are very excited about the Vinium products, management team and marketing plan, and believe that this acquisition will lead to greatly accelerated growth for both companies. Much more information about these will be released over the coming weeks."

Safe Harbor Statement: This release contains forward-looking statements with respect to business operations and results of Maxima Group, Inc., which involves risks and uncertainties. Actual future results could materially differ from those discussed. Maxima intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

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