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Tuesday March 16, 3:21 pm Eastern Time
Company Press Release
Maxnet Integrates Thunderstone Software Into its Auction Portal,
WebPhoneBook and the Utah WebWorks Toolbed
FREEHOLD, N.J.--(BUSINESS WIRE)--March 16, 1999--Maxnet, Inc. (OTC BB:MXNT - news), announced today that the integration of Thunderstone's Texis Server NT RDBMS software into its Auction Portal maxplanet.com, WebPhoneBook.com maxplanet.com, and the Utah WebWorks Toolbed began today.
''With integration commencing across 5 portals, numerous affiliate sales sites and transactional points, MXNT wants to provide expert engineers and the best backbone for its Portal community,'' states Michael Marsowicz, CTO for MXNT. ''Thunderstone's Texis Server package is the perfect fit for Maxplanet's sites. The ability to manage very complex databases, and also utilize our rich media content is what attracted us to Thunderstone, added M. Marsowicz.
''Our goal to create an interactive living Portal, Auction, Music and Internet Radio Station as well as an Information Business to Business/User to User WebPhoneBook is coming together under this complex integration,'' stated I. Goldreich, VP and COO for MXNT.
According to Michael Marsowicz, CTO for MXNT, ''These are serious Mission Critical Search and Applications; we are using the Finest Back End approach with Thunderstone. Sun's products have integrated the best to date; nevertheless, we needed even more scalability with the Auction Portal and Multi-Media feeds. Our need for speed as well as Scalability has us looking at our SQL approach and Object Brokering Transaction models. We recognize many shortcomings in every large enterprise site, so we are also integrating Virtual Private Networks for interior security as well as integration with outside vendors. We are assembling a board now for the Warehousing of our Data Marts, which will be able to leverage the User Preference Models and Sales Psycho-Geography for one to one marketing. We believe that our targeting capabilities will be a richer Data Mart for Delivery. After all that's what complex integration is about. Successful Delivery and Transactions.''
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.
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.
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Contact:
Maxnet Inc., Freehold
I. Goldreich, VP, 732/625-0770
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