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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (1111)	5/1/1998 1:20:00 PM
From: Frank Fontaine	Read Replies (1) \| Respond to of 9440

MXNT-NEWS- Maxnet Signs Letter of Intent to Acquire Intrasoft Ltd. PR Newswire - May 01, 1998 12:50 MXNT %CPR %MLM %TNM V%PRN P%PRN -------------------------------------------------------------------------------- ENGLISHTOWN, N.J., May 1 /PRNewswire/ -- Maxnet, Inc. (OTC Bulletin Board: MXNT) is pleased to announce that it has signed a definitive Letter of Intent to acquire Intrasoft Ltd., a privately held company based in Melville, Long Island, New York. Intrasoft is an Internet marketing company, whose primary products consist of Online-Industry Directories and Exclusive Business Guides built as highly advertised websites falling under the Internet address www.WebPhoneBook.com. Similar to successful services such as 1-800-Flowers, WebPhoneBook offers businesses an exclusive presence on a featured Internet website service in a selected geographic area of their choice designated by zipcodes. With each zipcode listing representing $500.00 annual revenue at the introductory price, and over 30,000 zipcodes available, the potential exists for each industry to generate a minimum of $15 million a year. With hundreds of industries that could potentially benefit from the WebPhoneBook service and considering that over $11 billion is spent annually on Yellow Page advertising alone, the Company's potential is enormous. Upon completion of the acquisition, Maxnet, Inc. plans to apply to change its name to WebPhoneBook, Inc. to reflect its new Internet marketing business, and plans to relocate its headquarters to the Intrasoft, Inc. location in Melville, New York. 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. SOURCE Maxnet, Inc. /CONTACT: I. Goldreich, VP of Maxnet, 516-424-6624, or maxnet@juno.com; or Tony R. Golden, or Alistair J. Deakin, analyst, both of Investor Communications Group, 770-351-9700, for Maxnet/ (MXNT)