Max Sound Corp (OTCBB:MAXD) is starting to heat up, moving up steadily on growing volume the stock is moving up after a recent reversal off $0.023 lows.
The move up comes as a welcome change for shareholders who have endured many month of steady decline since MAXD was trading over $0.25 back in August of last year.
Max Sound Corp (OTCBB:MAXD) mission is to make MAX-D HD the new consumer audio brand standard across all major vertical markets. The Company brings forth technologies for the betterment of our world, including VSL’s Optimized Data Transmission Technology. Max SoundÂ®, MAXDÂ® and MAX-D Audio PerfectedÂ® which are all registered trademarks of the Company.
MAXD proprietary audio process creates HD audio from a compressed audio source such as MP3s, without increasing file size or format. The MAX-D process restores harmonics and dynamic range generally lost in compression and brings HD sound to digital media. Audio is played with extra dimension, depth, and detail, providing a crisp, clear, and powerful listening experience.
Max Sound® Corporation owns the worldwide rights to all fields of use to Max Sound® HD Audio which was invented by Lloyd Trammell, the top sound designer and audio engineer who developed and sold the first working Surround Sound System to Hughes Aircraft. Mr. Trammell, who is now the CTO of Max Sound® also developed MIDI for Korg and owns five patents in dimensional sound processing. Max Sound® is to Audio what High Definition is to video. Max Sound® works by converting all audio files to their highest possible acoustically perfect equivalent without increasing files size or bandwidth usage.
Max Sound® is pursuing 12 vertical markets with interest from the dominant players who the Company believes presently have no other viable, equivalent solution for their audio technology needs. The Company believes that each of these markets present significant opportunities for developing revenue from licensing fees and recurring revenue streams. Max Sound® has opened its office and post-production studio in Santa Monica, California in the heart of the entertainment industry where a majority of multi-media trends are developed and popularized prior to proliferating into the consumer mainstream.
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The Company has an important partnership in place with Qualcomm how has integrated MAX-D HD on their Snapdragon chip, making the technology available on any smartphone, computer, or wireless device.
According to their website MAXD has spent over $10 million on research and development in recent years and has filed over 70 patents pending on its MAX-D HD audio technology.
Another important initiative for MAXD is their new android apps that Harness the Power of MAX-D HD AUDIO. The app was designed by the Company to resynthesizes audio that was lost during the compression process.
According to the shareholder update from January they have over 80,000 subscribers on the free version of the HD Audio App for MP3’s on Android. The Company says they are in the final weeks of Beta testing of their latest MAX-D HD Apple iOs App that will support current iPhones and iPads. We plan on a Q1 2015 launch onto the Apple App Store.
MAXD is also exploring a subscription model in 2015 which would offer millions of consumers a MAX-D HD Audio experience a free 30-day trial, and then be able to upgrade to a paid annual subscription.
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Currently trading at a $12.9 million market valuation MAXD has minimal assets (besides the $18m in intangible assets) or revenues and rising short term debt. MAXD is an exciting story developing in small caps; the stock trades at a fraction of its former valuation, just made a huge reversal and the Company looks to be positioning itself to make some big moves in 2015. The stock is also quickly attracting a shareholder base who believes this one moves higher. We will be updating on MAXD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MAXD.
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Disclosure: we hold no position in MAXD either long or short and we have not been compensated for this article.