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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 (1088)	7/1/1999 7:07:00 PM
From: The O	Read Replies (1) \| Respond to of 1125

Maxnet - MXNT Integrates www.TelePhoneBook.net <Picture: 24/7 ad>July 1, 1999 12:15 PM FREEHOLD, N.J. --(BUSINESS WIRE)--July 1, 1999--New Jersey based Maxnet, Inc. MXNT , MXNT, announced the integration of the Internet Yellow Pages (www.Telephonebook.net) and White Pages on www.MaxPlanet.com today. MXNT invites current registrants to edit and confirm existing data within the Internet White and Yellow Pages Directory. This directory is among the fastest search directories found on the Web today with an average search time of one tenth of one second in a database of over 90,000,000 registrants. Once implemented, www.Telephonebook.net and its databases will enhance www.Maxplanet.com's information resources and E-commerce shopping experience. The strategic integration of this technology, databases and www.Telephonebook.net into WebPhoneBook.com should translate to significant advertising and directory sales revenue for the Company. The Company will be utilizing these new resources to add additional value to MXNT's network of sites including upgrading the Company's gateways for businesses to increase brand exposure. The Company is seeking to integrate these components into a perfect fit for WebPhoneBook.com to become an Internet Multimedia Information Rolodex. I. Goldreich, VP and COO of MXNT stated, "MXNT invites all Businesses and Users to register for a listing in the upcoming premier Internet Multimedia Rolodex, Webphonebook.com. The integration of multiple portals, numerous affiliate sales sites and transactional points are coming together under this complex integration. The Company's goals are to continue creating interactive living Portals, Max!Auction, streaming Audio/Video, an Internet Radio Station (MPR - MaxPlanet Radio) as well as an Information Business to Business / User to User WebPhoneBook. 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. 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. Top Terms of Use, and Privacy Policy. © 1996-1999 Microsoft Corporation and/or its suppliers. All rights reserved. © 1999 Business Wire.

To: WallStreetTips who wrote (1088)	7/22/1999 4:21:00 PM
From: The O	Read Replies (1) \| Respond to of 1125

PLanet Entertainment Corporation Files for Listing On Nasdaq <Picture: 24/7 ad>July 22, 1999 09:13 AM MIDDLETOWN, N.J.--(BUSINESS WIRE)--July 22, 1999--Planet Entertainment Corp. PNEC announced today that the Company has submitted its application for listing on the NASDAQ Small Cap Market. Planet Entertainment, now has over $25 million in assets and $32.5 million revenues through nine months, 1999. The Company announced on July 19, 1999, it signed a letter of intent for a $14 million dollar private placement of its common stock. The new issuance is not a convertible funding with a floater. The terms of the common stock private placement are for a fixed dollar amount to be set prior to closing. The Company has entered into an agreement with Encore Capital, the holder of the Company's outstanding Convertible Preferred Stock, pursuant to which Encore (upon closing of the Private Placement) will sell back to the Company a portion of its Convertible Preferred Stock and the remaining balance of the Convertible will be exchanged for similar securities as being sold in the Private Placement. It is intended that the use of proceeds will include the further expansion of its fulfilment operations and capabilities including expanding its warehouse facilities, increasing inventories, furthering the growth of the Company's business-to-business website and finalizing the Company's digital downloading initiative. Additionally, funds will be dedicated to the Company's 50% owned Internet Radio Station (MPR Radio) together with Maxnet Inc. MXNT in order to create a presence in the marketplace through advertising, marketing and content origination. Planet Entertainment is a diversified entertainment company specializing in music production, wholesale distribution and marketing of front-line recorded music, video and DVD titles as well as its proprietary CD compilation albums. The Company, which operates a wholesale distribution facility, two wholly-owned recording studios and four record labels, is also engaged in the acquisition, enhancement, licensing and re-release of music from its extensive library of over 15,000 musical master recordings as well as the production of new artist albums. Special Note Regarding Forward Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include but are not limited to: the Company's vulnerability to rapid industry change, technical obsolescence, limited customer base and reliance on relatively a small number of its customers, the possible impact of competitive products and pricing, uncertainties in the duration of the life cycle of its products, manufacturing difficulties, dependence on key personnel, market acceptance, reliance on a limited number of outside vendors, potential difficulties, managing growth, the ability to perform on existing and future agreements, the availability of financing, and other risks all, or any of which may have a material adverse impact on the company, its business, business prospects, and financial condition.