MAXD Update From CEO

SAN DIEGO, CA--(Marketwired - December 12, 2016) - Max Sound Corporation (MAXD) provides an ongoing summary of its business and legal actions.

Dear MAXD Shareholders,

Looking back on 2016, it was a year of progress. Some of the progress was slower than we would have liked, but overall as a Company we moved forward in significant ways. I'd like to take this opportunity to give you a brief description of where things stand currently and what we expect in 2017 and beyond.

The Legal Actions - As you are aware, in any legal proceedings, often much of the information surrounding the cases must remain confidential, but here is some information we're able to share with you on these lawsuits:

Many of you have been inquiring about how the cases against Google and Netflix are going. Let me begin by restating my excitement over one of our most important pieces of news this year: Max Sound is now the co-owner of the Optimized Data Transmission (ODT) patent portfolio! https://finance.yahoo.com/news/max-sound-corp-vedanti-systems-142500765.html This patent portfolio consists of patents in the following countries: The United States, Australia, Austria, Cyprus, Denmark, Spain, Finland, France, Ireland, Italy, Luxembourg, Monaco, Portugal, Sweden, Turkey, Belgium, Switzerland/ Liechtenstein, United Kingdom, Greece, Netherlands and Germany.

Becoming co-owners of this portfolio was a major milestone for the Company, as it carries numerous positive implications for the Company going forward. First, it solidifies our highly positive relationship with Vedanti and finally ends our legal standing issues. Second, we're able to drop our litigations and arbitrations against each other saving both companies potentially hundreds of thousands of dollars. Finally, as co-owners we're able to work together on existing business opportunities and jointly implement strategies for monetizing the ODT patents here in the United States and around the world.

We are also very pleased to have Mr. Kenneth Lustig on our Advisory Board and on the VLL Steering Committee. https://finance.yahoo.com/news/max-sounds-newest-advisory-board-143000938.html Mr. Lustig brings over two decades of experience and expertise from working within some of the world's largest companies (like Microsoft) helping to guide and monetize their IP interests. He has already been highly instrumental in the development of our new venture with Vedanti.