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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT

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To: tonto who wrote (860)	4/29/1999 7:10:00 PM
From: Michael Graham	of 1125

Maxnet, Inc. having a similar name to Maxnet System, Inc. was just a coincidence. Maxnet, Inc. is incorporated in NJ. When you go to incorporate you have to give three or more names that you would want to use as your company name. You do this because a check is done to see if a company has that name already. I don't know the full process of what is checked, but it doesn't matter. Maxnet was not responsible for the checking. Either the state or the lawyers are responsible. But that doesn't matter either. Maxnet, Inc. is different from Maxnet Systems, Inc. One is based in NJ and one is in FL. One is public one is private. Maxnet, Inc. was not responsible for the confusion. The investors caused the confusion, and because of their mistake, some lost money. That was almost nine months ago. There may be some skeletons in Maxnet, Inc. closet, however, this is not one of them. Don't get me wrong. I'm not saying that you or anyone else shouldn't look for weaknesses in MXNT's armor. Due diligence is everyone's responsibility. But there is no need (IMO) to make a small issue bigger then it really is. Mike

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