BOCA RATON, FL - October 10, 2013 - Max Media Group, Inc. (the "Company") (OTC Pink: MXMI) announced today that it has executed a Letter of Intent (LOI) with BlackStar Entertainment LLC, a private Delaware corporation, to acquire the exclusive global marketing rights and revenues from a mobile social networking management app ("bablr" the app).
"Bablr" will enable users to connect, interact, and access all their favorite social networks including Facebook, Twitter, and Instagram simultaneously and in Real-Time. "Bablr" empowers users to take control and manage their digital world while on the go.
Social Media and the mobile app markets are the hottest growth markets in the world today. Facebook has ballooned to over 1 Billion users and close to 40 million daily mobile users. The growth of Smartphones globally has also contributed to mobile networking and Social Media growth. Today there are more than 1 Billion Smartphones in use and it is projected that there will be over 3 billion Smartphones in use by 2015. By 2017, Smartphones will become the single largest consumer market and marketing distribution channel. Additionally mobile advertisement will grow to more than $20 billion annually.
Social Media stocks are soaring, Facebook and LinkedIn have had record earnings are market performance leaders over the last 12 months.
The Global X Social Media Index ETF has surged over 49% in the year-to-date time frame, clearly outpacing the broad technology fund (XLK) and U.S. market fund (SPY) by wide margins.
Yesterday, the fastest growing social media firm, Twitter, revealed its plan to go public and filed the paperwork with U.S. regulators. This offering would be the world's largest in the technology space since Facebook went public in May 2012.
Max Media believes the converging social media and mobile networking markets will provide a lucrative growth market. The mobile Social Media managing app "bablr" will give Max Media Group Inc. a very powerful entrée into the high growth markets of social media and mobile networking.
One mobile network, Path went from a start-up to $1 Billion valuation within two years. The BlackStar Entertainment team that developed the app believes "bablr" offers several 2nd generation mobile networking advantages over newly existing mobile apps like Path, in that it is designed to connect, access and interact with friends and content over several networks simultaneously instead of just one. Market research indicates that the typical "power" mobile Social Media networking users visit Facebook and ten other sites or apps while on their smartphone. A typical mobile user visits Facebook then Twitter and follows by going to other sites and apps back and forth. "bablr's" advantage is that is the first mobile networking app designed specifically for users who want to see and interact with Facebook, Twitter and up to ten additional social networks and their friends at the same time without leaving one app to go to the others. bablr enables the "power" mobile user to manage their digital world from one app while on the go.
"Bablr" is in a beta testing stage and can be downloaded as a trial version now at www.bablr.mobi
Max Media Group and developer BlackStar Entertainment are expecting to release a full commercial version by December 2013.
Max Media Group Inc.
Director of Business Development/Bablr Development
BlackStar Entertainment LLC
SOURCE: Max Media Group, Inc.