BOSTON, July 28, 2009 (GLOBE NEWSWIRE) -- Gold Coast Mining Corp. (Pink Sheets:GDSM) announced today the following Max Media Group, Inc. corporate update:
Max Media Group has initiated an advertising campaign on behalf of the VET Foundation (www.vetfoundation.org). The campaign is currently being tested in the Tampa Bay market. Advertising for donated Cars, Boats, RV's, and other "In Kind" items is underway in both the St. Pete Times TBT and The Flyer Magazine.
G. James Grady, Chairman of Max Motoring stated, "We received several calls and a donated boat the very first day the ad came out! Hopefully this is indicative of future results that will allow us to roll this program out nationwide."
The Max Motoring Show is aired every Wednesday from 9am-10am from the Tan Talk Radio network on 1340 and 1350 AM in the Tampa Bay market. The Max Motoring crew can be reached during the show toll-free at (866) 826-1340.
Additionally, Max Media announced that their efforts to begin trading publicly under the Max Media Group, Inc. name are progressing as planned. As previously stated, Max Media plans to complete the FINRA process and be trading at the beginning of August.
G. James Grady further stated, "We look forward to becoming a publicly traded company and adding Gold Coast Mining shareholders to the Max Media investor community. We assure all Gold Coast Mining shareholders that our focus will be on transparency and enhancing shareholder value. Our corporate staff is and will continue to work closely with Gold Coast management to coordinate and expedite the dividend distribution to its shareholders."
Although the exact dividend has not yet been determined, the Company intends to dividend to shareholders no less than 50% (14,850,000 shares) of the 29,700,000 shares of MMG it currently owns. Management expects the exact dividend and record date to be announced by the first week of August.
About VET Foundation
VET Foundation is a national 501C3 charity based in Tampa Florida, that helps qualifying wounded veterans transition back into the civilian workforce. This high profile relationship has set the standard for fundraising through the donation of all types of vehicles that will be sold on eBay Motors, HotAutoWeb, HotBoatWeb, HotCharityWeb, and other proprietary websites. Max Media Group is currently discussing similar high dollar volume programs with several other large well known non-profit entities.
About Gold Coast Mining Corp.
Gold Coast Mining Corp. is pursuing mining acquisitions and joint ventures. The Company currently has a joint venture with Western Sierra Mining Corp. for its Ore Cache and SunGold Mines located in Arizona.
The Company currently has 444,887,086 shares issued and outstanding.