Today before the opening bell, Max Media Group, Inc. announced several updates. As reported previously, the company has entered into multiple Letter of Intents for various acquisitions. Max Media is currently finalizing the terms and conditions regarding B2LIVE and The Golden Voice, anticipating the deals to proceed to definitive agreements over the next few days.
CEO Jim Grady stated, “It is our intention to aggressively take advantage of the huge discrepancy in the market for buying and selling smaller websites (generally with price tags under $1 million). By acquiring smaller sites at the lower multiples and networking them together under the Max Media umbrella, the Company will achieve higher valuations and multiples for its shareholders.”
The company also announced today that it is in the process of revamping www.classiccorvettes.com. Max Media plans to leverage the great name with the help of strategic partnership agreements. The three serial number one Corvettes from 1955, 1956, and 1957 will continue to be marketed for sale on the site. Current asking price is $3 million.
Max Media Group’s classic car restoration and speed shop is now open under the name Suncoast Speed and Custom Cars. The company has recently started the restorations of a 1963 Corvette Convertible, 1968 Chevelle Convertible ProTouring, 1970 Plymouth Cuda ProTouring, 1969 Camaro Convertible ProTouring, and a 1971 Chevelle Convertible. According to today’s press release, soon customers will be able to look in on their projects through internet video cameras.
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