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SAN DIEGO, March 08, 2019 (GLOBE NEWSWIRE) -- Max Sound Corp (OTC: MAXD) announced its plans to enter into a joint venture with name brand manufacturers of an emerging line of innovative audio products which will feature the addition of MAXD, and have captured market share from a growing customer base seeking improved audio technology solutions.
Numerous consumer tests using MAXD’s HD audio technology on a wide range of multi-media hardware products, including several from Sony, Bose and Beats, consistently yielded across the board buyer preference to products delivering MAXD that were identified by its powerful branding and design. Consumers exhibited an emphatic willingness to pay higher prices for MAXD branded products, indicating an obvious demand, that's currently not being met, for an unparalleled experience in sound entertainment. The joint venture, which plans to join forces with a secondary public company, will emphasize partnering and co-branding as a philosophy of “also, not instead of,” noting that the versatile embedding adaptability of MAXD’s DSP onto virtually any chip in the world is proof of the Company’s goal to add massive value to existing technologies instead of competing with them.
Q2 will focus on the release of the first products in the line, and based on the results of sales compared with the same existing products, however with the addition of MAXD HD Audio in the already established product market, the Company feels confident that it will be able to project meaningful revenue for Q3 and Q4 of 2019 with predictable results. The joint venture plans to include a dividend share, anticipated to be paid to all shareholders of MAXD from the Joint Venture Partner Company in late Q2. To receive the dividend, shareholders will be notified of the pricing date and the record date up to 60 days from the launch of the dividend.
The Company has also hired a firm that emulates the successful Twitter campaign of President Trump, which, as the firm puts it, earned him free promotion worth hundreds of millions in advertising dollars during the election. This marketing strategy is believed to potentially bring rapid brand awareness and substantial growth in the number of new adopters of the products using MAXD based on the proven success of six weeks of market testing.
In the near future, MAXD will release a comprehensive legal update on its four cases with Google. For now, the Company has been put in position from recent court events on all four matters to now have the ability to achieve success with each of them.
About Max Sound Corporation: As creators of the acclaimed MAX-D HD Audio, Max Sound can provide a better solution for Audio, Video and Data transmissions. Max Sound Corporation is the Company that brings forth technologies for the betterment of our world, including being co-owners of the Optimized Data Transmission Technology patent portfolio. Max Sound®, MAXD® and MAX-D Audio Perfected® and HD Audio® are registered trademarks. All other trademarks are the property of their respective owners. To learn more about the MAX-D Technology, please visit http://maxd.audio.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements in this press release which are not purely historical, including statements regarding Max Sound's intentions, beliefs, expectations, representations, projections, plans or strategies regarding the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow or adequacy of capital resources, market acceptance risks, technical development risks, and other risk factors. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Max Sound disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Max Sound Corporation and its Affiliates on its website http://maxd.audio or at http://www.sec.gov.
Max Sound Corporation