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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?


To: Matt Brown who wrote (2019)6/30/1999 7:37:00 PM
From: ezmoney  Respond to of 5041
 
Matt MXNT news !!! 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.

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.

CONTACT:

Maxnet Inc., Freehold

I. Goldreich, VP

732/625-0770

KEYWORD: NEW JERSEY FLORIDA

BW1187 JUN 30,1999

6:45 PACIFIC

9:45 EASTERN




To: Matt Brown who wrote (2019)6/30/1999 7:40:00 PM
From: ezmoney  Read Replies (1) | Respond to of 5041
 
Matt here is some more good news on ACCR !!!

UAlert.com Announces Investment Opinion

June 30, 1999 05:03 AM
TEMPE, Ariz.--(BUSINESS WIRE)--June 30, 1999--The Voice over the Internet (VOIP) service industry is expected to reach $1.8 billion in annual revenues by 2003.

Although this marketplace is expected to explode over the next four years, there is no clear market leader who is expected to dominate, unlike the traditional long distance market.

Currently, the VOIP industry remains very fragmented with a number of companies serving regional markets and only two firms offering national coverage. In addition, traditional long distance carriers such as AT&T T , MCI WorldCom WCOM , Sprint FON have been reluctant to enter the VOIP market due to fear of cannibalizing their lucrative traditional long distance profits.

The absence of the major telecommunications players has provided an excellent opportunity for niche players to establish their service and start building a large customer presence. Companies such as Access Power Advanced Communications ACCR , IDT IDTC , Netspeak NSPK , VocalTec Communications VOCLF have taken advantage of this opportunity to quickly build out their customer base and establish brand recognition.

Given the expected speed and growth of the VOIP market, we are likely to see the industry start consolidating, like the web portals and Internet service provider (ISP) markets. In addition, the potential for the partnering VOIP players with ISPs such as America Online AOL and EarthLink ELNK remains a strong possibility given their large established customers bases.

Access Power currently offers the lowest cost VOIP service in the U.S. and Canada at $10 per month. Access Power recently launched their partnering initiative, the affiliate Co-marketing program. The program allows the affiliates to market the $10 Monthly flat rate VOIP service to their entire customer base. Based on Access Power's recent press releases, they have signed up affiliates which have a cumulative base of approximately 1 million customers.

About this report

The information on the above companies contained in this article is based on public information provided by company press releases and website postings. UAlert.com does not assert the truth or veracity of those statements.

About UAlert.com

UAlert.com is a free Internet publication service, performing independent reviews of Internet and Technology companies without compensation from the companies discussed. UAlert.com has NOT been given cash, stock, or options from any company listed above. UAlert.com's officers, employees, and consultants do not own more than four percent equity of any companies listed or described herein (through share purchases on the open market, private placement or direct public offerings). Please read the disclaimer at ualert.com for additional information.



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