Exhbit 99.1


Press Contacts:

Peter Huie
MaxWorldwide, Inc.
(310) 566-2002
phuie@maxworldwide.com
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           MaxWorldwide to File Form 15 to Deregister its Common Stock
                     with Securities and Exchange Commission


Greenwich, CT - March 22, 2004 - MaxWorldwide, Inc. (MAXW.PK), announced that it
intends to file a Form 15 with the Securities and Exchange Commission on March
30, 2004 to deregister its common stock and suspend its reporting obligations
under the Securities Exchange Act of 1934. The Company expects the
deregistration to become effective within 90 days of the filing with the SEC.

As a result of the Form 15 filing, the Company's obligation to file with the SEC
certain reports and forms, including Forms 10-K, 10-Q, and 8-K, will immediately
cease. While the Form 15 certification has a 90-day pendency prior to
effectiveness, the Company's obligation to file periodic and current reports
will cease at the time of filing. Accordingly, the Company will not file an
Annual Report on Form 10-K for the fiscal year ended December 31, 2003.

The Company expects to realize significant cost savings as a result of being
relieved of its SEC periodic reporting requirements. The Company currently
incurs significant costs in having its common stock registered, including costs
of independent auditors, legal counsel and various indirect costs.

The Company has filed a certificate of dissolution with the Delaware Secretary
of State pursuant to a Plan of Liquidation and Dissolution approved by the
stockholders last year. As previously announced, the Company has declared a
special distribution of $0.50 per share, payable to stockholders of record as of
March 15, 2004. The Company has ceased operations and does not intend to carry
on any business other than completing its dissolution.

The Company's common stock currently is quoted in the Pink Sheets. Following the
filing of the Form 15 on March 30, 2004, there is no guarantee that
broker-dealers will continue to make a market for the Company's common stock in
the Pink Sheets. As a result, shareholders may be faced with more limited
opportunities to liquidate their investments in the Company. Shareholders may
not be able to liquidate their investment in the Company should the need arise
at a given time. The Company does not intend to file its Form 15 until March 30,
2004. Until this time, the Company expects that broker-dealers will continue
making a market for its common stock in the Pink Sheets.





This press release includes forward-looking statements concerning MaxWorldwide
that involve risks, uncertainties and assumptions about MaxWorldwide. All
statements other than statements of historical fact are statements that could be
deemed forward-looking statements. The results or events predicted in these
statements may vary materially from actual future events or results.
MaxWorldwide does not assume any obligation, nor does MaxWorldwide intend, to
update any of these forward-looking statements.