Max Sound Announces "Strategic Partnership" for Marketing MAXD Technology to the U.S. Federal Government and the State of California.
SANTA MONICA, Calif., May 1, 2012 /PRNewswire/ -- Max Sound Corporation (OTC Bulletin Board: MAXD), an innovative audio technology company that is changing how we listen to music, watch movies, play video games, experience television and communicate on our cellular devices, announced today a "Strategic Partnership" to introduce the MAXD technology to the U.S. Federal Government and the State of California.
The Federal Government is the largest consumer in the world, representing 24 percent of the gross domestic product (GDP) of the United States. Within its $3.79 trillion budget, the Federal Government spends over $79.8 billion on information technology and another $76 billion on technology research annually, through competitive procurements administered by thousands of government buyers through dozens of departments, agencies, bureaus and commissions. Due to complex acquisition regulations, less than 1% of competing companies are actively winning government contracts. As such, in order to gain traction with the Federal Government, Max Sound Corporation recognized they needed to team with a proven Government contractor with a broad base of contracts and relationships across a spectrum of all Government agencies.
Following an extensive vetting process, Max Sound selected Intelesis Technologies Corporation, http://www.intelesistech.com/about.html, a veteran owned small business with both the requisite criteria and access to the 22% of Federal spending earmarked exclusively for small business. Intelesis, in turn, has agreed to facilitate a minimum of $1 million dollars of annual federal sales in each of the next five years in order to maintain exclusive marketing rights.
Regarding MAXD technology, Intelesis CEO Rob Jenks commented, "After a several months of the vetting process with government buyers, we've determined that there is a definite, unfilled need for the MAXD Technology in many Government sectors. We see the potential for using this remarkable audio technology for improving the quality of satellite and terrestial voice communications, acoustic signal processing and the performance of a number of warfighting systems."
"After many meetings with Intelesis and a number of their customers, it became obvious to all that MAXD Audio Technology fits with a number of military applications," noted John Blaisure, CEO of Max Sound Corporation. "We are obviously pleased that this is the case and look forward to working with the United States Government to see the technology employed in a number of front-line programs."
About Intelesis Corporation
Founded in 1997, Intelesis is a veteran owned small business (VOSB) supporting the Office of the Secretary of Defense, the Navy, Air Force, Army, Coast Guard, National Security Agency, Department of Treasury and the Centers for Disease Control. Intelesis also has contracts with the State of California and a number of leading defense and commercial management consulting firms. Its staff is composed of veterans of some of the largest defense and commercial management consulting organizations in the world.
About Max Sound Corporation
Max Sound is to audio what HD (High Definition) is to video. The Max Sound® HD Audio™ Process can convert any audio file to high definition quality while significantly reducing the file size. Visit http://www.maxsound.com/demo-reel, to watch some demos to see the difference for yourself.
Max Sound® and HD Audio™ are registered trademarks of Max Sound Corporation. All other trademarks are the property of their respective owners.
SAFE HARBOR STATEMENT
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.
Equiti-trend Advisors LLC Investor Contact: Brian Barnes Phone: 858-436-3350 Email: firstname.lastname@example.org
SOURCE Max Sound CorporationBack to top