SOURCE: Max Sound Corporation

Max Sound Corporation

September 22, 2016 09:25 ET

Vedanti Systems Limited and Max Sound Corp. Sign Term Sheet to Enter a Strategic Partnership and Settle Their Ongoing Litigation

SAN DIEGO, CA--(Marketwired - September 22, 2016) - Max Sound Corporation (OTCQB: MAXD), the innovators of MAX-D, the disruptive HD Audio Technology, announced today it signed a Term Sheet with Vedanti Systems Limited to join together in a strategic partnership with a revenue split for future monies received from patent infringement and license agreements and settle their ongoing litigation.

About Max Sound Corporation: As creators of acclaimed MAX-D HD Audio, Max Sound can provide a better solution for Audio, Video and Data transmissions. Max Sound Corporation is the company that brings forth technologies for the betterment of our world, including VSL's Optimized Data Transmission Technology. Max Sound®, MAXD® and MAX-D Audio Perfected® and HD Audio® are registered trademarks. All other trademarks are the property of their respective owners. To learn more about the MAX-D Technology, please visit http://maxd.audio.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements in this press release which are not purely historical, including statements regarding Max Sound's intentions, beliefs, expectations, representations, projections, plans or strategies regarding the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow or adequacy of capital resources, market acceptance risks, technical development risks, and other risk factors. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Max Sound disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Max Sound Corporation and its Affiliates on its website http://maxd.audio or at http://www.sec.gov.

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