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

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To: Tom_H_68 who wrote (1103)8/8/1999 11:41:00 PM
From: The O  Read Replies (1) of 1125
 
Maxnet, Inc. Announces Name Change to MaxPlanet, Corp.
FREEHOLD, N.J.--(BUSINESS WIRE)--Aug. 6, 1999--Maxnet, Inc. (OTC BB: MXNT) announced today that by decision of its Board of Directors, Maxnet, Inc.'s name has been changed to MaxPlanet, Corp. MXNT has changed its name to reflect its diversified Internet Development and marketing business.

MaxPlanet - MXNT remains uniquely positioned as an Internet incubator, representing a fresh innovative opportunity to experience and utilize a wide range of Internet properties and services through a new brand, MaxPlanet. In this way, MaxPlanet - MXNT both reflects and relies on the health of the Internet marketplace. As long as the Internet industry remains strong, MaxPlanet - MXNT expects its value to continue growing as the Company aggressively brings new Internet companies and properties into its www.MaxPlanet.com orbit.

The Company, MaxPlanet, Corp. - MXNT releases information over the public news wire services. Any information that is disseminated by other methods other than by Official Company Release is not from MaxPlanet, Corp. - MXNT.

For further information on MaxPlanet, visit their websites: maxplanet.com maxplanet.com mundomaximo.com mxnt.com maxplanet.com

Certain of the statements included in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. The Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from those expressed in these forward-looking statements. This release may contain forward-looking statements, made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties, which might cause the actual results to differ materially from those projected in any forward-looking statements. Factors which could affect results include the development and introduction of competitive technologies, the market awareness and acceptance of the MaxPlanet technologies, the overall market demand for internet services, the presence of technologically inferior products and services which are priced or promoted to compete with MaxPlanet services, the ability to attract and retain technical personnel, and the ability of the Company to protect its proprietary information.

--------------------------------------------------------------------------------
Contact:

MaxPlanet, Corp., Freehold
I. Goldreich, VP, 732/625-0770
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