Press release would appear to contain some interesting insights into management thinking.
Maxnet Completes the Acquisition of New Hampshire Based Ultra Web, Inc. and The Internet Yellow Pages,Inc.
Business Wire - March 11, 1999 08:31
FREEHOLD, N.J.--(BUSINESS WIRE)--March 11, 1999--Maxnet, Inc. (OTC BB:MXNT) New Jersey based MXNT announced today it has completed the acquisition of New Hampshire based Ultra Web, Inc. and The Internet Yellow Pages, Inc.
Michele Erard-Coupe', the President of Ultra Web and The Internet Yellow Pages stated her mission and goals as, "Assisting the Internet to evolve into a more logical User friendly medium to advertise and do E-commerce. Combining Telephonebook.net's technology and E-commerce solutions with MXNT's www.MaxPlanet.com, audio interviews to describe and do E-business, dynamic Real video and audio enhancing the website - E-Mercials...and what if we incorporated the capability of Internet Directories and Telephony? Why go anywhere else on the Net? Telephonebook.net is proud to be the newest addition to MXNT."
With 19 years of sales and marketing experience behind Ms. Coupe', she set out to give Internet Users quick and easy access to every business and person in the nation and make Telephonebook.net a household name. I. Goldreich, VP and COO of MXNT stated, "We view the acquisitions of Ultra Web, Inc. and The Internet Yellow Pages, Inc. as significantly enhancing MXNT's www.Maxplanet.com community's E-commerce shopping experience. Additionally, the strategic integration of Ultra Web, Inc.'s licensed technology, databases, www.Telephonebook.net and an experienced national sales force manager into MXNT should translate to significant revenue growth."
According to Ms. Coupe', "The technology behind Telephonebook.net was among the first commercial directory applications available on the Internet. Engineers began its development in 1994. Telephonebook.net may be one of the most successful business to business directories today because it follows a well-organized business model, uses unsurpassed marketing efforts and employs advanced Internet technology. Telephonebook.net uses a proprietary technology known as 'InfoQuest.' This technology was written from the ground up with only one goal in mind: to search telephone and directory databases as quickly and accurately as possible. InfoQuest also has built in ability for graphics to be displayed in the search results without slowing down the search time. Less than one tenth of a second for a nationwide search. One of the fastest (if not the fastest) search engines on the Internet. Because of graphical nature of the Internet and advertisers' needs to display images in their ads, this capability offers a significant advantage over other Internet search engines. It is lightning fast!" Ms.Coupe' added, "It would take a minimum of five years to duplicate the effectiveness and speed of Telephonebook.net's search engine"
"In these acquisitions the design and development cycles have been sped up immensely. We will be utilizing these new resources to add value to our community's network of sites including upgrading our gateways for businesses to have big time exposure. MaxPlanet.com will contain a portable mall with video, audio, and MAX! as our online and offline 'Ambassador.' This may also be the perfect fit for WebPhoneBook.com to become a desktop Internet Multimedia Rolodex. We view our progression as the next natural step for Information on the Internet. We are looking forward to integrating and posting the new
content," states Michael Marsowicz, CIO/CTO for MXNT.
I. Goldreich, VP and COO of MXNT, added "MXNT plans to continue to develop or acquire the content and services needed to appeal to the Internet savvy and to the sophisticated shopper, bargain hunter, spontaneous purchaser and active bidder. Through calculated acquisitions and the upcoming launch of WebPhoneBook.com and MaximAuction.com, MXNT is aggressively offering customers and Users multiple outlets to shop and obtain information online. By providing consumers with the option of shopping, bidding and obtaining information MXNT may be uniquely positioned to capture a significant share of its customers' online purchases."
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 with offices in New Jersey and Florida.
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. 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.
CONTACT: At The Company
At OTC Financial Network
I. Goldreich, VP For Info: 1-888-682-3622
(732) 625-0770
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