MMax Media, Inc. (OTC:MMAX) is a relatively young company which hasn’t managed to turn a profit, but a paid promoter is touting it as a bigger thing than Facebook.
The fact of the matter is that MMAX isn’t anywhere near the league of the social networking giant.[BANNER]
MMax Media, Inc. (OTC:MMAX) is operating through a subsidiary called HLM Paymeon, Inc. Through a reverse acquisition Hyperlocal acquired Paymeon on March 16, 2011.
It’s been more than a year since the acquisition, and MMAX has recorded a lot of losses, and generated insignificant revenues. However, the $75 thousand paid to the promoter are enough for them to compare MMAX to Facebook, and say MMAX “makes Facebook look weak.”
The idea behind MMAX’s business is to monetize social networks, which may sound good, but so far the company hasn’t been able to do much more than lose money.
With a lot of luck, it’s theoretically possible that MMAX could someday turn a profit, but at this point the company just doesn’t have much to offer to investors.
