MaxWorldwide, Inc., formerly L90, yesterday announced that it purchased in a private sale 5,293,639 shares of the Company's common stock owned by John Bohan, a former director and its former President
and Chief Executive Officer. The aggregate purchase price is approximately $2.65 million, or $0.50 per share. In addition, the Company has agreed to purchase an additional 303,333 shares from Bohan,
subject to certain conditions being satisfied. The purchase price for these additional shares is also $0.50 per share.
