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

To: Ga Bard who wrote (1129)	5/1/1998 3:52:00 PM
From: Frank Fontaine	Read Replies (1) \| Respond to of 9440

MXNT NEWS#2- Maxnet, Inc. Retains Investor Relations Firm The Investor Communications Group, Inc. PR Newswire - May 01, 1998 14:51 MXNT %CPR V%PRN P%PRN -------------------------------------------------------------------------------- MELVILLE, N.Y., May 1 /PRNewswire/ -- Maxnet, Inc. (Nasdaq OTCBB: MXNT) has retained The Investor Communications Group, Inc. ("ICG"), the Atlanta based financial public relations firm to provide a variety of corporate and investor related services, including media and public relations. "Our growth and new business strategy demands that we work with leaders in the investor relations industry, and we are very pleased to add an organization as prestigious as ICG to our team," says Mr. Israel Goldreich, VP of Maxnet. "They provide us with the professional means of making the investment community aware of our business and opportunities. We feel they will play a major part in telling our story and will greatly enhance the efforts already underway." Tony R. Golden, CEO of ICG, believes that, "Maxnet is a very exciting company to represent. We are convinced that the company is poised for growth as it implements its business plan and aggressive marketing strategy. With each zip code listing represents $500.00 annual revenue at the introductory price, and over 30,000 zip codes 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." Recently, Maxnet announced 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, who's primary products consist of Online-Industry Directories and Exclusive Business Guides built as highly advertised websites falling under the Internet address www.WebPhoneBook.com. 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, Inc., 516-424-6624; or General Info: Tony R. Golden, or Analyst Info: Alistair J. Deakin of The Investor Communications Group, 770-351-9700/ (MXNT)