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

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To: WallStreetTips who wrote (961)5/12/1999 11:41:00 AM
From: marvin smith  Read Replies (3) of 1125
 
(BSNS WIRE) Maxnet and First Entertainment Holding Corp. in Promotion Ag
Maxnet and First Entertainment Holding Corp. in Promotion Agreement


Business Editors

FREEHOLD, N.J.--(BUSINESS WIRE)--May 12, 1999--Maxnet, Inc.
(OTC BB:MXNT), today announced an agreement with First Entertainment
Holding Corp. (OTC BB:FTET) for cross promotion between MXNT's
www.MaxPlanet.com and FTET's www.FirstEntertainment.com.
"We are very excited about this relationship; we feel this
affiliation adds another level of stickiness we're looking for which
translates to more visitors, increased Ad sales, sponsorships and
increased MAX! brand awareness," stated Robert Fuchs, VP of sales and
marketing for MXNT.
Additionally, MXNT officially unveiled its "new look" at
maxplanet.com. Michael Marsowicz, CIO for MXNT stated, "We
believe this new stream-lined approach may be the best format for our
Users and most functional for navigational purposes. After completing
the integration of Adforce tags, MaxPlanet Real Estate will be at a
premium and much easier to sell." (BUSINESS WIRE - April 20, 1999 -
MXNT signs agreement with Adforce for their premium Ad management
services.) Adforce provides an end-to-end solution for major media
sales organizations, advertising agencies, content publishers, and
media buyers seeking to aggregate content for the purposes of
scheduling, targeting, delivering, tracking, reporting, auditing and
billing advertising on the Internet. The system leverages key
strategic relationships, an advanced distributed architecture, and
superior ad delivery and interface technology, thus providing the
power to deliver more ads. More targeted, to more locations faster
than any other system.

About First Entertainment:
First Entertainment Holding Corp. (OTC BB:FTET) is a fully
reporting multi-media entertainment company and has divisions or
subsidiaries operating in the areas of radio broadcasting and comedy
clubs, as well as Internet based activities. It has been in the comedy
nightclub business for eighteen years. Its subsidiary, Comedy Works,
is the premier comedy club in the city of Denver. It has launched the
careers of many young stand-up comics, including Roseanne Barr and has
hosted national headliners including the likes of Jay Leno, Jerry
Seinfeld, Ellen DeGeneres, and Tim Allen to name a few. Its radio
property is a dominant force in the Gillette and northeastern Wyoming
radio markets. First Entertainment can be accessed via the World Wide
Web at www.FirstEntertainment.com.
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.
The Company, Maxnet, Inc. - 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
Maxnet, Inc. - MXNT.

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--jd/mi*

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

KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMED INTERACTIVE/MULTIMEDIA/INTERNET
ENTERTAINMENT

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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