Today before the opening bell, Max Media Group, Inc. announced that it closed the acquisition of Members Autolink (http://www.membersautolink.com), a car buying service working with eight Tampa Bay area credit unions that collectively serve more than 350,000 members.
James Grady President & CEO of Max Media Group, Inc. commented, “This is a very exciting acquisition for us. We have been looking for an opportunity to get into the ‘every day car market.’ Autolink will do this in a big way very quickly and add instant revenue to Max Media. The unique way that Autolink combines car dealer inventory and the buying public with credit unions is a great opportunity for growth, which will be increased substantially within our marketing and advertising network.”
He continued, “The participating credit unions market Autolink’s services to their members. This creates a tremendous opportunity for us to advertise and communicate to 350,000 plus people on a monthly basis.” The credit unions include Achieva Credit Union, City County cu, Service 1st Credit Union, Tampa bay federal cu, Service 1st Credit Union, Tampa Postal Cu, Florida west coast cu, Pinellas credit union, West Coast Federal Employees Credit Union.
Mike Murphy founder of Members Autolink added, “I love what Max Media has been able to accomplish with the Hot Auto Web site in a short amount of time http://www.hotautoweb.com. I look forward to playing a big part in our continued growth within the Max Media Group Inc. family.”
Grady concluded by saying, “We continue to pursue acquisitions that will fit into the Max Media business model while adding revenues, and Autolink fits that mold. We expect to announce several other exciting developments over the next few weeks.”
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