New Out...
Maxnet - MXNT Announces Plan to Create Three Divisions
June 22, 1999 02:15 PM
FREEHOLD, N.J.--(BUSINESS WIRE)--June 22, 1999--Maxnet, Inc. MXNT New Jersey based MXNT announced today its plans to create three distinctive divisions for MXNT 2000.
Michael Marsowicz, CIO for MXNT stated, "The WebPhoneBook.com division would include a white and yellow pages along with web search and directories such as: MaxLawyer, MaxDentist, MaxTravel, ChiropractorSearch in addition to other MaxPlanet.com profit centers. Thereby, combining advertising (banners, buttons, videos and Emercials) listing services by zip codes, states, cities, and development of local and state MaxPlanet satellite sites to carry local advertising, local shopping centers as well as movie theatre and restaurant guides."
Additionally, M. Marsowicz, CIO for MXNT stated, "MXNT is also proud to announce that its second division MaxPlanet Radio has a 'new look' as of today on www.MaxPlanet.com."
MPR - MaxPlanet Radio in conjunction with MXNT's joint venture partner Planet Entertainment PNEC created MaxPlanet Radio, Corp. (MPR, Corp.) is currently a fifty-percent (50%) owned subsidiary of Maxnet, Inc. - MXNT and a fifty-percent (50%) owned subsidiary of Planet Entertainment, Corp. - PNEC (the "Parents") The terms of the Joint Venture call for the parent companies of MaxPlanet Radio, Corp. to own and operate The MaxPlanet Radio Network, an audio/video content provider on the Internet for the listening and viewing of music, video, interactive CD ROM's, and computer software. Furthermore, MPR, Corp. plans to expand its growing MP3 and MP4 music database in order to provide its Users with the opportunity to download and listen to quality music products over the Internet. MaxPlanet Radio, Corp. plans to operate through 4 divisions, its Internet Radio/Jukebox Division, its Advertisement/Shows Division, its MP3 & MP4 downloads/ New Artists Division - and its CD Compilation Division. MPR, Corp. will be seeking its initial advertising revenues from Retail Stores and Record Labels (Major & Independent).
MXNT's third division consists of the online auction www.MaximAuction.com which began operating in its Beta Test format on April 15,1999. MXNT is presently testing the integration of OpenSite software in order to prepare for the Official Launch of MaxPlanet.com's www.MaximAuction.com.
Additionally, MXNT announced today through VP, I. Goldreich, "That the Company's Registration Statements on Form 10SB are in the process of being completed so that the Company can apply to become fully reporting under the Securities Exchange Act of 1934, as amended. This is a necessary prelude to MXNT's growth plans for the next millennium."
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.
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