Max Media Group, Inc. (MXMI) Will Enter Fast Growing Mobile Social Media Market With the Acquisition of Rights to a Powerful ...
October 10 2013 - 9:00AM
Marketwired
Max Media Group, Inc. (MXMI) Will Enter Fast Growing Mobile Social
Media Market With the Acquisition of Rights to a Powerful Mobile
Networking App
BOCA RATON, FL--(Marketwired - Oct 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.
Contact: Michael Manocchio CEO Max Media Group Inc. 561-859-3081
Ted Flowers Director of Business Development/Bablr Development
BlackStar Entertainment LLC 484-885-8088
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