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Contact: Steven Fishman Maxnet, Inc. 2910 Franks Road, Unit 1 Huntingdon Valley, PA 19006 ú For Immediate Release News Release Maxnet, Inc. Announces Name Change and New Symbol Huntingdon Valley, PA - July 21, 1997: Concord International Group, Huntingdon Valley, PA, is pleased to announce that it has changed its name to Maxnet, Inc. The company's new symbol on the NASD-BB will be MXNT, effective July 21, 1997. Concord announced last week that it purchased the remaining 95 percent of Maxnet, Inc. for $10 million in stock. Concord acquired 5 percent of Maxnet last year. Maxnet has two subsidiaries - S.E.G. Technologies, Inc., a computer system integrator and hardware distributor, and Savemart.com, Inc., an Internet service provider. Through its subsidiaries, Maxnet currently operates the following web sites: www.segtech.com www.terabit.net www.savemart.com For more information, please contact Lisa Vlahakis at maxnet@juno.com, or by phone at 215-947-7666. | ||||||||||||||
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