To: Ernest Poe who wrote (382 ) 12/4/1998 12:56:00 PM From: Tracy Moore Respond to of 15987
NEWS ALERT- MXNT AT .96- Internet auction site NEWS + UBID IPO today= MO MONEY MO MONEY MO MONEY!!!!! BII.TO and AWEB already had runs... BUY EARLY FOR THE MXNT RUN TODAY!!!! Friday December 4, 11:30 am Eastern Time Company Press Release SOURCE: MXNT MXNT launchesmaxplanet.com 'Big-Auction' FREEHOLD, N.J., Dec. 4 /PRNewswire/ -- MXNT (OTC Bulletin Board: MXNT - news) is pleased to announce maxplanet.com . Titled 'Big-Auction,' MXNT's CTO, Michael Marsowicz stated, ''MXNT's Big-Auctions focus is similar to that of a classified ad database, blended with Audio-Ads and Streaming Video with an easy to use Bid platform. By replicating the feel of Windows 98 Explorer in its simplicity and blending the site with Video and Audio Streaming Media (RealVideo-RealAudio) the Internet user will be able to post bids or items through a Secure Socket Layer while not getting lost in a complicated system. Michael Marsowicz, MXNT's CTO explained, ''Our plans include a mail in bid as well as a posting capability, a link into our upcoming phonebook (Webphonebook) where a user can send an item directly to users that subscribe to that user's internet presence, auctioneer channels where an individual user can prospect for a vertical market within the User and Visitor base and send rich media ads directly to them.'' Furthermore, MXNT's 'Big-Auction' is being constructed as a business community interwoven with retail channels and vertical advertising models. I. Goldreich, COO of MXNT, commented that ''MXNT looked closely at Egghead, OnSale, and Ebay and admitted that they developed amazing systems yet still lacked a simplistic interface and Streaming Media. We believe that our business model will offer something to the entire Internet community.'' MXNT seeks to provide a platform where Internet users develop a chunk of Virtual real estate, integrate Audio, Video and off line communities into MXNT's 'Big-Auction' community to function as a Free World Market Place all the while building user confidence by allowing user autonomy. MXNT examined the sales philosophy and data from the Television/Cable industries and concluded that one of the primary desires of Y2K Internet users, auctioneers, inventory distributors and product dealers is autonomy. MXNT's CTO, Michael Marsowicz agrees with Lou Gerstner, CEO IBM, who stated, ''The decade of the PC is over. The next decade belongs to ecommerce and the net.'' M. Marsowicz explained, ''MXNT's tools will search across merchandise and offer the users a multi-offering depending upon the users desires. This tiered system will provide a user preference database which will focus a greater percentage of leads to clients, thereby increasing an items brand awareness and sales.'' As MXNT's Big-Auction system learns the users preferences and the merchandise available for the channel, MXNT's Entertainment Division (See PRNewswire release ''MXNT Announces Entertainment Division and New Label MAXIM MUSIC'' 11/25/98) will simultaneously offer e-mercials of the users preferences onto the visitors channel. Furthermore, MXNT will be offering users e-mercials, text, and animated ads to all segments of the Internet community. Therefore, by enriching the relationship between Client users and Seller users MXNT believes that it may capture a slice of the $3 Billion dollars of advertising revenues created by web advertisers by year 2000. (Forrester Research and Jupiter Communications). Since MXNT's Big-Auction wants to demonstrate its commitment to the users privacy, we have agreed to disclose our information practices and have our privacy practices reviewed and audited for compliance by TRUSTe. TRUSTe is an independent, non-profit initiative whose mission is to build users' trust and confidence in the Internet by promoting the principles of disclosure and informed consent. Mr. I. Goldreich, COO MXNT stated, ''We are really excited about this product, it positions MXNT as a welcomed addition to the Internet's Auction Community, it's big, really big.'' For further information on MXNT, visit their websites: mxnt.com maxplanet.com 1class.com or contact OTC Financial Network at 888-682-3622, otcfn.com .