Maxnet, Inc. Seeks to Become a Reporting Company

                     PR Newswire, Thursday, July 30, 1998 at 09:55

     NEW YORK, July 30 /PRNewswire/ -- Maxnet, Inc. (BB: MXNT),
 an emerging leader in Internet directory services arid solutions, responded to
 additional requests for information this morning.
     Mr. I. Goldreich, vice president of Maxnet, Inc. stated, "Maxnet intends
 to become a fully reporting company.  Our year end is June 30, 1998.  We have
 retained an accounting firm to conduct the audit and certify company records.
 As soon as the audit is completed the Company intends to file all necessary
 documentation with the SEC to become a reporting company under the Securities
 Exchange Act of 1934."

     For further information on Maxnet, visit their corporate site
 mxnt.com or contact OTC Financial Network at 1-888-682-3622,
 www.otcfn.com/bb/sum/mxnt.

     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.
     -0-                             07/30/98
     /CONTACT:  OTC Financial Network, 888-682-3622, for Maxnet/

 Companies or Securities discussed in this article:
            Symbol
                                    Name
 NASDAQ:MXNT......WHY DOES THE COMPANY PUT THIS ON THEIR RELEASES?
MXNT IS A NON REPORTING COMPANY....THIS IS WRONG. 
                              Maxnet Inc

Audits do not take this long, we all know this.  An explanation in detail is expected by the company.

The company must explain why the do their NASDAQ routine in their releases.

Where is the company's new office in Florida?

The company reportedly paid $1,000,000 in stock and cash for VFN.Com, Inc. in Florida...how did this affect the float?  Why is their corporate filing so miniscule?:

4/26/99                CORPORATE DETAIL RECORD SCREEN                8:12 AM
                       NUM: P99000008526 ST:FL ACTIVE/FL PROFIT       FLD: 01/28/1999
                       NAME     : VFN.COM INC.
                       PRINCIPAL: 15100 N.W. 7TH STREET
                       ADDRESS    PEMBROKE PINES, FL 33028
                       RA NAME  : RUCHS, ROBERT
                       RA ADDR  : 3601 MONROE STREET
                                  APARTMENT 206
                                  HOLLYWOOD, FL 33021 US
                       ANN REP  : * NONE FILED *

No Officers names or events are available.  It should be filed that they were acquired...all events... 

The company decided to be public, yet to date has refused to provide the public with normal information that is meaningful for shareholders and investors alike to know. Financials, Shares,...SEC filings...
Until the details are known, we have learned nothing of significance.
Who is the Transfer Agent? 

 So, at THIS point, CIGI=MXNT This appears to be where Tonto is stuck on.

     In a later PR, I read that the BOD had been replaced, which explains my last post about the founder firing the BOD and closing down the satllite officies and going back to NJ. So apparently, this dude came back, laid the schmack down and got rid of the corrupt    folks that had been appart of CIGI. 

     These are just my opinions, and research that I have dug up. Things are beginning to clear, although I still want a few things from management, which I stated previously. 

FM, are any of the former CIGI members still around?