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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT -- Ignore unavailable to you. Want to Upgrade?

To: WallStreetTips who wrote (1084)	6/25/1999 1:15:00 PM
From: Investor Clouseau	Read Replies (1) \| Respond to of 1125

(BSNS WIRE) Maxnet - MXNT Announces MAXAFRICA on www.maxplanet.com Maxnet - MXNT Announces MAXAFRICA on www.maxplanet.com Business Editors/Technology Writers FREEHOLD, N.J.--(BUSINESS WIRE)--June 25, 1999--Maxnet, Inc. (OTC BB:MXNT) announced today that it has officially launched MAXAFRICA maxplanet.com on www.MaxPlanet.com as a follow up to Planet Entertainment Corp.'s (OTC BB:PNEC) announcement regarding negotiations with African Media Entertainment Ltd. - AME. On June 24, 1999 Planet Entertainment Corp. announced that African Media Entertainment Limited (AME) is finalizing negotiations to buy a controlling interest in Shandel Music, Planet Entertainment Corporation's 50/50 joint venture partner in Planet Africa. Furthermore, Planet Entertainment President John S. Arnone, stated yesterday: "We are excited to have AME as our new joint venture partner and expect revenues from this alliance to begin immediately. Planet and AME plan to do additional business with Planet's Internet Radio Station, MaxPlanet Radio, Corp. (MPR) which is co-owned by Maxnet Inc. (OTC BB:MXNT), by featuring the AME family of artists and hosting its live event schedule." I. Goldreich, VP and COO of MXNT stated, "We believe that the launching of our MAXAFRICA site this summer will also be enhanced by the public's renewed interest in the African continent due to Disney's recent release of its animated feature 'TARZAN.' 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--lhs/mi* CONTACT: Maxnet Inc., Freehold I. Goldreich, VP, 732/625-0770 or Planet Entertainment Corporation, Middletown, N.J. Wallace M. Giakas, Chairman John S. Arnone, President & CEO 732/530-8819