MXNT
September 10, 1999 14:16
MaxPlanet, Corp. Moves to the Online Interactive E-Commerce
Business
FREEHOLD, N.J.--(BUSINESS WIRE)--Sept. 10, 1999--MaxPlanet, Corp. (OTC BB: MXNT) has
entered into a definitive agreement with Time Access, Inc. -NT Business Solutions to supply the
Interactive E-Commerce tutoring personnel needed to facilitate online product sales for
MaxPlanet.com and its affiliate satellite sites.
MXNT believes that online sales are expected to soar to record highs for the upcoming holiday
season and into the next millennium.
Additionally, MXNT's Board of Directors announced today that additional employees and board
members are to be selected. MaxPlanet, Corp. will be interviewing candidates with years of
experience in the financial services industry, strong backgrounds in customer service, and
outsourcing services to assist in the full scope of the Companies direction into Inter-Active
E-Commerce.
I. Goldreich, VP of MXNT said: "I am very pleased to be heading up the efforts for MXNT as we take
E-Commerce and Inter-active E-Commerce into the new millennium. We believe the additional
expertise and resources will bring a whole new dimension to MaxPlanet's Interactive E-Commerce
business. The events of the past two months take our Company directly into the second generation
Internet User market, where inter-activity, Digital encoding, VOD - video on demand and
E-Commerce can leverage MXNT's and our client's sales and profit margin and leverage our access
to the end User via the marriage of Human Capital and technology."
This new program merges the strength's of MaxPlanet's three major divisions; the
WebPhoneBook.com /Telephonebook.net division which includes a white and yellow pages along
with web search and directories such as: MaxLawyer, MaxDentist, MaxTravel, the second division
of MaxPlanet Radio and the third division MaximAuction.com. Thereby, combining advertising
(banners, buttons, video / audio and E-mercials) listing services by zip codes, states, cities, and
development of local, state and international MaxPlanet satellite sites to carry local advertising,
local shopping centers as well as movie theatre and restaurant guides with the ability to offer
E-Commerce for outstanding buys on a wide variety of consumer products.
MaxPlanet anticipates that in addition to sales of Internet Development services, Digital encoding,
furniture and products through E-Commerce, MaxPlanet's source of revenue will be fees paid by
third parties for advertising their products and services on www.MaxPlanet.com and its affiliate
satellite sites.
MaxPlanet, Corp.'s www.MaxPlanet.com global network of sites include: MaxPlanet - Spanish -
www.MundoMaximo.com, MaxPlanet - Canada canada.maxplanet.com, MaxPlanet Africa
maxplanet.com, MaxPlanet - Hong Kong hk.maxplanet.com and
MaxPlanet - MXNT www.MXNT.com.
MXNT plans for www.MaxPlanet.com to remain as the central aggregation site where Users may
access audio and video programming on the web, as well as providing its Users with
MaximAuction.com, WebPhonebook.com maxplanet.com,
a white and yellow pages directory www.Telephonebook.net, and online radio at MaxPlanet-Radio
maxplanet.com.
MaxPlanet, Corp. - MXNT remains uniquely positioned as an Internet incubator, representing a
fresh innovative opportunity to experience and utilize a wide range of Internet properties and
services through a new brand, MaxPlanet. In this way, MaxPlanet - MXNT reflects and relies on the
health of the Internet marketplace. As long as the Internet industry remains strong, MaxPlanet -
MXNT expects its value to continue growing as the Company aggressively brings new Internet
companies and properties into its www.MaxPlanet.com orbit.
MaxPlanet, Corp. 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, MaxPlanet, Corp. - 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 MaxPlanet, Corp. - MXNT.
When used by the Company in this report and elsewhere from time to time, the words, "estimates,"
"believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking
statements concerning the Company's operations, economic performance, financial condition
including, in particular, the likelihood of the Company's success in developing and expanding its
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 MaxPlanet technologies,
the overall market demand for internet services, the presence of technologically inferior products
and services which are priced or promoted to compete with MaxPlanet services, the ability to
attract and retain technical personnel, and the ability of the Company to protect its proprietary
information.
CONTACT: MaxPlanet, Corp., Freehold
I. Goldreich, VP, 732/625-0770
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