MXNT press release:
biz.yahoo.com
Tuesday March 2, 3:45 pm Eastern Time
Company Press Release
Maxnet Purchases Thunderstone Software for its Auction Portal
FREEHOLD, N.J.--(BUSINESS WIRE)--March 2, 1999--Maxnet, Inc. (NASD OTC BB:MXNT) MXNT has announced that it has purchased Thunderstone's Texis Server NT RDBMS software as the backbone for MXNT's Auction Portal maxplanet.com.
''Thunderstone's Texis Server package is the perfect fit for Maxplanet's Auction Site,'' stated Michael Marsowicz, CTO for MXNT. The ability to manage a very complex database, and also utilize our rich media content is what attracted us to Thunderstone.''
''Whether streaming rich media content, advertising or just entertainment, this addition to our product line will set MXNT's Auction site maxplanet.com apart from all other auction sites on the Internet. ''We are very excited about truly customizing and creating the most entertaining and informative Auction on the web,'' stated Robert Fuchs, VP of sales and marketing for MXNT.
About Thunderstone:
Thunderstone is an independent R&D company that has been providing state-of-the-art solutions to intelligent information retrieval and management problems for over 16 years.
Thunderstone's flagship product, Texis, is the most comprehensive text retrieval and publishing software available. In one package Texis provides every full-text, SQL, multimedia management, and dynamic publishing operation needed for an enterprise search application. Thunderstone has issued more than 400,000 licenses to more than 1000 customers for applications such as: litigation support, competitive intelligence, help desk, document management, internet search & publish, and real-time message handling.
About MXNT's Maxim - Auction:
By replicating the feel of Windows 98 Explorer in its simplicity and blending the site with Video and Audio Streaming Media (RealVideo-RealAudio) the Internet user will be able to post bids or items through a Secure Socket Layer while not getting lost in a complicated system. MXNT's plans include a mail in bid as well as a posting capability, a link into our upcoming phonebook (Webphonebook) where a user can send an item directly to users that subscribe to that user's internet presence, auctioneer channels where an individual user can prospect for a vertical market within the User and Visitor database and send rich media ads directly to them. The Auction is being constructed as a business community interwoven with retail channels and vertical advertising models. MXNT looked closely at Egghead, OnSale, and Ebay and admitted that they developed amazing systems yet still lacked a simplistic interface and Streaming Media. We believe that our business model will offer something to the entire Internet community. MXNT seeks to provide a platform where Internet users develop a chunk of Virtual real estate, integrate Audio, Video and off line communities into MXNT's Auction community to function as a Free World Market Place all the while building user confidence by allowing user autonomy.
Furthermore, MXNT examined the sales philosophy and data from the Television/Cable industries and concluded that one of the primary desires of Y2K Internet users, auctioneers, inventory distributors and product dealers is autonomy. MXNT's tools will search across merchandise and offer the users a multi-offering depending upon the user desires. This tiered system will provide a user preference database which will focus a greater percentage of leads to clients, thereby increasing an item's brand awareness and sales. As MXNT's Auction system learns the users' preferences and the merchandise available for the channel, MXNT's Entertainment Division will simultaneously offer E-mercials of the users preferences onto the visitors channel. Additionally, MXNT will be offering users E-mercials, text, and animated ads (MAX!) to all segments of the Internet community.
Maxnet, Inc. is an integrated Internet Development Company focused on creating and expanding strategic alliances for its comprehensive network of consumer and business-oriented web services.
For further information on Maxnet, visit their websites:
maxplanet.com maxplanet.com maxplanet.com mxnt.com maxplanet.com
Maxnet, Inc., MXNT is currently changing its name to reflect its new diversified Internet marketing business. Maxnet, Inc. currently has offices in New Jersey and Florida.
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 Maxnet technologies, the overall market demand for internet services, the presence of technologically inferior products and services which are priced or promoted to compete with Maxnet services, the ability to attract and retain technical personnel, and the ability of the Company to protect its proprietary information.
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Contact:
Maxnet Inc., Freehold
I. Goldreich, VP, 732/625-0770
or
At OTC Financial Network
For Info: 1-888-682-3622
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