Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Parapet who wrote (1087)	6/30/1999 10:35:00 AM
From: WallStreetTips	Read Replies (2) \| Respond to of 1125

MXNT >>> Buying opportunity at $2 I am accumulating more and more. This is a long term play. Wednesday June 30, 9:31 am Eastern Time Company Press Release Maxnet - MXNT Completes the Acquisition of Florida Based World Food, Inc. FREEHOLD, N.J.--(BUSINESS WIRE)--June 30, 1999--Maxnet, Inc. (OTC-BB: MXNT - news) New Jersey based MXNT announced today it has completed the acquisition of Florida based World Food, Inc. The beginning components of MXNT's Food - Portal may be found on www.MaxPlanet.com under MaxCooking. MXNT - World Food plans include penetrating the U.S. market through increased advertising, Internet integration, marketing and a focused sales effort. The terms of the acquisition have not been released. Florida based World Food, Inc. operates Gourmet Food Internet sites catering to the 'Hungry User.' MXNT will be updating and upgrading along with providing all the technical support and traffic for World Food, Inc.'s assortment of sites. Leonard Hack, President of World Food, Inc. stated, ''This acquisition in conjunction with the development of an online Gourmet Cooking Show and the development of additional Food Websites for the Holiday Season will substantially increase traffic and sales.'' MXNT's plans include blending World Food, Inc.'s assortment of Gourmet Food Internet sites into MaxPlanet.com and replicating its simplicity on all of the MaxPlanet satellite sites. MXNT - World Food will seek to generate revenue by integrating, updating and developing World Foods E-commerce food and vitamin/supplement business. Presently, World Food has more than 20,000 food products and supplements to be offered on MXNT's www.MaxPlanet.com. MXNT anticipates an additional source of revenue will be fees paid by third parties for advertising their products and services on the sites. I. Goldreich, VP of MXNT stated, ''We view the prospective World Food acquisition as a move into bringing additional Internet-related services to the food and vitamin/supplement marketplace. MXNT has a stable and growing base business that will continue to operate and grow autonomously, while we can bring innovative technology and resources to expand World Food's business into new areas.'' 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 and sites 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