Max Media to Aggressively Move Forward in the Secured Internet Content Arena
January 14 2013 - 10:00AM
Marketwired
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.
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Contact: Michael Manocchio 561-859-3081
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