To: Michael Graham who wrote (413 ) 4/12/1999 6:05:00 PM From: WallStreetTips Read Replies (1) | Respond to of 1125
MXNT >> NEW News >> Announces Regional and Local MaxPlanet Portals Monday April 12, 2:37 pm Eastern Time Company Press Release Maxnet Announces Regional and Local MaxPlanet Portals FREEHOLD, N.J.--(BUSINESS WIRE)--April 12, 1999--Maxnet, Inc. (OTC BB:MXNT) New Jersey based MXNT announced today that its www.MaxPlanet.com portal will be offering Internet entrepreneurs and Users the ability to meld their local community news, bulletin boards, shopping malls and geography into State and City MaxPlanet satellites. MXNT wants to add local flavor to www.MaxPlanet.com 's geography by creating local Portal Centers. By partnering with local business people and entrepreneurs MXNT is seeking to create a Global MaxPlanet with distinctive individual MaxPlanet satellite communities interacting in a MaxPlanet - Universe. Michael Marsowicz, CTO for MXNT stated, ''In conjunction with the launch of MaxPlanet - Canada canada.maxplanet.com and the upcoming launches of MaxPlanet - Hong Kong and MaxPlanet-Japan, we are seeking to launch 50 Portal States in the USA -Complete with Regional Auctions, Shopping, Shows and more.'' 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 with offices in New Jersey and Florida. 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. 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