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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT -- Ignore unavailable to you. Want to Upgrade?

To: Bernhard Michaelis who wrote (262)	2/11/1999 6:31:00 PM
From: Michael Graham	Respond to of 1125

MXNT - More news!! biz.yahoo.com Thursday February 11, 4:00 pm Eastern Time Company Press Release Maxnet Completes the Acquisition of New York Based Trident Recovery Systems, Inc. FREEHOLD, N.J.--(BUSINESS WIRE)--Feb. 11, 1999--MXNT (OTC BB:MXNT - news) New Jersey based MXNT announced today it has completed the acquisition of New York based Trident Recovery Systems, Inc. Steven Feinberg, CEO of Trident stated, ''MXNT - Trident plans include penetrating the U.S. market through increased advertising, Internet integration, marketing and a focused sales effort aimed at financial institutions and the creation of a national network of attorneys using MXNT's MaxLawyer.com (http://www.maxplanet.com/maxlawyer/maxlaw.html).'' Additionally, MXNT - Trident will seek to generate revenue and minimize risk as it serves as its own collection agency under CollectionAgencies.com. Furthermore, MXNT - Trident anticipate a nationwide sales force with regional sales and service offices in every major market through contracts and acquisitions with other recovery corporations. Steven Feinberg, Esq., CEO and Chairman of Trident stated, ''This acquisition will place Trident into a position to pursue initiatives into the Internet, while simultaneously allowing for the operating autonomy required to expand our collection business aggressively.'' ''Our plans include blending MaxLawyer.com into our upcoming Webphonebook.com and replicating its simplicity. The Internet User will be able to 'Ask MaxLawyer' questions and obtain information through a Secure Socket Layer while not getting lost in a complicated system,'' explained Michael Marsowicz, CIO/CTO for MXNT. I. Goldreich, VP and COO of MXNT added, ''We view the prospective Trident acquisition as a move into bringing Internet-related services to the legal, collection and financial services 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 help Trident expand its 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. 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. Maxnet, Inc. currently has offices in New Jersey and Florida. 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 or At OTC Financial Network For Info: 1-888-682-3622