MMAX Media, Inc. is a publicly traded company that owns and operates products aimed at the location-based marketing industry. MMAX's principal products and services are marketed as PayMeOn and Hyperlocal Marketing.
|Headquarters:||Fort Lauderdale, Fl.|
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PayMeOn is pioneering the monetization of social networks. PayMeOn has trademarked the term "social income" and believes that the sharing of local deals is the beginning of a greater trend towards people earning cash from their vast connections to friends and colleagues across their various social networks.
The PayMeOn concept is simple: members "share" local and national deals across their social networks in exchange for cash referral payments. Local deals are the first "products" that Internet users have shared in a "viral" fashion that actually cost money. Prior to the local deals industry becoming popular, Internet users were only comfortable sharing products and services that were free. Accordingly, products and services such as email, instant messaging, facebook, skype and Linkedin have grown dramatically.
PayMeOn believes that the acceptance of local deal sharing (deals that actually cost money) combined with the "always on" component that truly exists today with the advent of ubiquitous Internet access provided by connected mobile phones and devices, will lead to a substantial "redirection" of advertising and promotional dollars towards individuals in exchange for the sale of products and services to their networks. PayMeOn believes this market to be in excess of $100 billion annually in the United States alone.
Hyperlocal Marketing supports multiple text messaging services such as WAP, MMS and XHTML, runs on a commercial grade mobile marketing platform used by the National Football League, Major League Baseball and others and operates with all major mobile carriers, including AT&T, Sprint, T-Mobile and Verizon. The fully-integrated interface allows for web-based monitoring of customers. It provides access to real-time statistics for each customer's account, including incoming and outgoing messages, number of keywords, credits, account status and more.
Learn more about Hyperlocal here: http://www.hyperloc.com/
The statements on this website that relate to the Company's future expectations are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of MMAX Media, Inc. can be found in the filings of MMAX Media, Inc. with the U.S. Securities and Exchange Commission. Industry numbers and projections included on this website and in other releases of the Company are not audited and readers should be careful not to rely on them as fact.
PayMeOn was founded and is led by Edward A. Cespedes. Mr. Cespedes is a veteran of the Internet industry and has led or been involved in several successful transactions, including:
- Leading the largest single-day returning initial public offering in history at the time (theglobe.com – increase of 600%+ on first day of trading.
- The sale of Alamo Rent-A-Car to AutoNation for $625 million.
- The sale of Nantucket Nectars to Ocean Spray (amount undisclosed).
- The sale of Sendtec to Relationserve Marketing for $49 million.
- The sale of webMillion to L90, Inc for $25 million.
- Mr. Cespedes is a graduate of Columbia University. Mr. Cespedes serves as a member of the Board of Governors of the Huizenga School of Business at Nova Southeastern University and as an honorary member of the Board of Directors of Special Olympics Broward County.