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

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To: D. Noss who wrote (548)4/15/1999 3:25:00 PM
From: marvin smith  Read Replies (1) of 1125
 
(BSNS WIRE) Maxnet Announces Hardware and Software Upgrades
Maxnet Announces Hardware and Software Upgrades


Business Editors/Technology Writers

FREEHOLD, N.J.--(BUSINESS WIRE)--April 15, 1999--Maxnet, Inc.
(OTC BB:MXNT) New Jersey based MXNT announced today that in order to
accommodate the thousands of new Users to MXNT's www.MaxPlanet.com and
www.MaximAuction the Company is seeking to beef up its technological
back end with Silicon Graphics Servers.
MXNT needs the additional HorsePower to drive Video and Audio
integration throughout their Portal Communities and alliances.
This move makes MXNT 'Cable - Ready' for the upcoming convergence
of the Internet/TV models. The Silicon Graphics technology supports
the streaming protocols since Silicon Graphics began interfacing with
NT.
The Additional two Silicon Graphics Servers and a New Switch will
increase MXNT's scalability since traffic has been driven up on
www.MaxPlanet.com and MAX!Auction-www.MaximAuction.com has taken off.
The Company will be testing, reviewing and scrutinizing its
integration of all segments of www.MaxPlanet.com over the next
30 days.
"Customer Service for our Users, Preferences and Eyeballs for the
delivery of targeted ads for our advertisers is where the Company will
be for the next 30 days," stated Michael Marsowicz CTO for MXNT.
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.

--30--pp/mi*

CONTACT: Maxnet, Inc., Freehold
I. Goldreich, VP, 732/625-0770
Fax: 732/625-0777

KEYWORD: NEW JERSEY FLORIDA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com




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