Max Sound Mediation and Attia update

Max Sound Mediation and Attia update
 
SAN DIEGO, CA  -- (Marketwired) -- 04/06/17 --  Max Sound Corporation
(OTC PINK: MAXD) provides the following update regarding the Attia
litigation against Google, Flux Factory, and other related
defendants. 

On March 1, 2017, MAXD's legal counsel and management met with Google
and Flux Factory representatives to mediate the pending Attia matter.
At the end of the day, no settlement agreement was reached and the
parties agreed to leave settlement negotiations open while the case
continues.

On May 22, 2014, MAXD entered into a representation agreement with
world renowned architect Eli Attia giving MAXD the exclusive right to
pursue claims on his behalf against violators of Attia's intellectual
property rights. 

The lawsuit was filed on December 5, 2014, in the Superior Court of
California, County of Santa Clara, against Google, its co-founders
Sergey Brin and Larry Page, Google's spinoff company Flux Factory,
and senior executives of Flux alleging among other causes of action
misappropriation of trade secrets and breach of contract. The lawsuit
contends that Google and the other Defendants stole Mr. Attia's trade
secrets, proprietary information, and know-how regarding a
revolutionary architecture design and building process that he alone
had invented, known as Engineered Architecture which Google called
Genie before it changed the name to Flux. 

Defendants engaged Attia in 2011 to translate his architectural
technology into software for a proof of concept, based on decades of
his life's work with the goal of determining at that point whether to
continue with full-scale development of Attia's project. The lawsuit
alleges that once Attia had disclosed the trade secrets and
proprietary information which Google needed to bring the technology
to market, they severed ties with Attia and continued to use his
technology without a license and without compensation in order to
bring the technology to market without him. Google valued the project
at $120 billion dollars a year. Google later spun-out the business,
and the new company was renamed Flux Factory. Flux Factory is
substantially funded and has grown according to an interview with one
if its founders to 800 employees. Plaintiffs seek a permanent
injunction against the defendants, punitive damages, and restitution.


As exclusive agent to Eli Attia to enforce all rights with respect to
the subject technology, MAXD retained the Dallas, Texas, based law
firm Buether Joe & Carpenter LLC to represent the Attia in the suit.
Defendants filed multiple demurrers to the complaint, and the Court
issued orders allowing the case to proceed. The parties are expected
to begin the discovery phase of the litigation in early summer 2017.
The case has been vigorously prosecuted, and the Company believes it
has a good likelihood of success. 

About Max Sound Corporation: As creators of the acclaimed MAX-D HD
Audio, Max Sound can provide a better solution for Audio, Video and
Data transmissions. Max Sound Corporation is the company that brings
forth technologies for the betterment of our world, including being
co-owners of the Optimized Data Transmission Technology patent
portfolio. Max Sound®, MAXD® and MAX-D Audio Perfected® and HD Audio®
are registered trademarks. All other trademarks are the property of
their respective owners. To learn more about the MAX-D Technology,
please visit http://maxd.audio.

About Buether Joe & Carpenter: Buether Joe & Carpenter, LLC is an
intellectual property and commercial litigation boutique law firm
focusing on patent, copyright, trademark, trade secret, and unfair
competition lawsuits, as well as antitrust, contract and other
business disputes for both plaintiffs and defendants. BJC offers
clients the expertise of attorneys with decades of experience in
handling complex litigation in an effective and efficient manner. For
more information, visit www.bjciplaw.com. 

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995: 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. Expanded and historical information is made available to the
public by Max Sound Corporation and its Affiliates on its website
http://maxd.audio or at http://www.sec.gov.


Contact:
Max Sound Corporation
info@maxsound.com
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