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Winmax Prepares for Sale

Winmax Prepares for Sale


Published on 2009-11-09 12:17:00 - Market Wire
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NEW YORK, NY--(Marketwire - November 9, 2009) - Winmax Trading Group, Inc. (Winmax) (PINKSHEETS: [ WNMX ]), pursuant to the news release of October 6, 2009 "Winmax Enters Into Non-Binding Agreement," is pleased to announce that it has reorganized bnetTV.com, Inc. and all of the bnetTV related entities into one subsidiary, Bnet Communications, Inc. (a Nevada corporation).

"bnetTV.com has spent over eight years covering many events globally, and interviewing companies from their infancy through to their successes. Today's purchase by [ Google ] of the mobile advertising firm [ AdMob ] is just one of the many examples of companies that bnetTV has covered over the years. Thus, the bnetTV video library has a tremendous value. The contemplated transaction will further unlock this value and display bnetTV.com's competitive advantage to our shareholders," said Gerald E. Sklar, President and CEO of Winmax Trading Group, Inc.

Winmax Trading Group, Inc. is still on pace to execute its definitive agreement for the sale of this subsidiary.

The Company invites its shareholders, stakeholders, and interested participants to be informed and up to date on the company by opting in at the company's website [ www.winmaxtradinggroup.com ] and receive the weekly newsletter from Winmax Trading Group's subsidiary bnetTV.com, Inc. [ www.bnettv.com ].

About bnetTV.com

[ bnetTV.com, Inc. ] is a leader in online broadcasting in the emerging technology & the growing lifestyle sectors. [ bnetTV.com, Inc. ] travels globally covering world class conferences in Asia, Europe & North America. [ bnetTV.com, Inc. ] is a wholly owned subsidiary of Winmax Trading Group, Inc. (PINKSHEETS: [ WNMX ]) with offices in New York, New York, Orlando, Florida and Calgary, Canada.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Winmax Trading Group, Inc. and its subsidiaries, including bnetTV, Inc., thegemstore.com, Inc. and Winmax Media, Inc. (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) intense competition in the webcasting, online media, web development design, Internet solutions, e-commerce, and retail E-business; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully; (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. bnetTV.com, Inc., TheGemstore.com, Inc., and Winmax Media, Inc. all are wholly owned subsidiaries of Winmax Trading Group, Inc. All of the agreements and event coverage that each of the subsidiaries have entered into should not be construed by any means whatsoever as having any impact on or a reflection of the Company's future stock price or future financial results.