Maxnet - MXNT Announces Plan to Create Three Divisions.FREEHOLD, N.J.--(BUSINESS WIRE)--June 22, 1999-- Maxnet, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:MXNT) New Jersey based MXNT announced today its plans to create three distinctive divisions for MXNT 2000. Michael Marsowicz, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. for MXNT stated, "The WebPhoneBook.com division would include a white and yellow pages along with web search and directories such as: MaxLawyer, MaxDentist, MaxTravel, ChiropractorSearch in addition to other MaxPlanet.com profit centers. Thereby, combining advertising (banners, buttons, videos and Emercials) listing services by zip codes zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. , states, cities, and development of local and state MaxPlanet satellite sites to carry local advertising, local shopping centers as well as movie theatre and restaurant guides." Additionally, M. Marsowicz, CIO for MXNT stated, "MXNT is also proud to announce that its second division MaxPlanet Radio has a 'new look' as of today on www.MaxPlanet.com." MPR (MultiProtocol Router) Software from Novell that provides router capabilities for its NetWare servers. It supports IPX, IP, AppleTalk and OSI protocols as well as all the major LANs and WANs. - MaxPlanet Radio in conjunction with MXNT's joint venture partner Planet Entertainment (OTC BB:PNEC PNEC Predicted No Effect Concentration PNEC Pulmonary Neuroendocrine Cells PNEC Pakistan Navy Engineering College (Karachi, Pakistan) PNEC Primary Navy Enlisted Classification ) created MaxPlanet Radio, Corp. (MPR, Corp.) is currently a fifty-percent (50%) owned subsidiary of Maxnet, Inc. - MXNT and a fifty-percent (50%) owned subsidiary of Planet Entertainment, Corp. - PNEC (the "Parents") The terms of the Joint Venture call for the parent companies of MaxPlanet Radio, Corp. to own and operate The MaxPlanet Radio Network, an audio/video content provider on the Internet for the listening and viewing of music, video, interactive CD ROM's, and computer software. Furthermore, MPR, Corp. plans to expand its growing MP3 and MP4 music database in order to provide its Users with the opportunity to download and listen to quality music products over the Internet. MaxPlanet Radio, Corp. plans to operate through 4 divisions, its Internet Radio/Jukebox Division, its Advertisement/Shows Division, its MP3 & MP4 downloads/ New Artists Division - and its CD Compilation CD Compilation is an independently released CD. It is the 10th issue of A Day In The Air zine. The CD includes a zine companion and a patch. The packaging was completely DIY and there were five hundred CDs released. This was the first A Day In The Air zine to contain a CD. Division. MPR, Corp. will be seeking its initial advertising revenues from Retail Stores and Record Labels (Major & Independent). MXNT's third division consists of the online auction www.MaximAuction.com which began operating in its Beta Test A test of new or revised hardware or software that is performed by users at their facilities under normal operating conditions. Beta testing follows alpha testing. Vendors of packaged software often offer their customers the opportunity of beta testing new releases or versions, and the format on April 15,1999. MXNT is presently testing the integration of OpenSite software in order to prepare for the Official Launch of MaxPlanet.com's www.MaximAuction.com. Additionally, MXNT announced today through VP, I. Goldreich, "That the Company's Registration Statements on Form 10SB are in the process of being completed so that the Company can apply to become fully reporting under the Securities Exchange Act of 1934, as amended. This is a necessary prelude to MXNT's growth plans for the next millennium." 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 (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. with offices in New Jersey and Florida. The Company, Maxnet, Inc. - MXNT releases information over the public news wire services. Any information that is disseminated by other methods other than by Official Company Release is not from Maxnet, Inc. - MXNT. For further information on Maxnet, visit their websites: http://www.maxplanet.com http://www.maxplanet.com/maxauction http://www.maxplanet.com/mundomaximo http://www.mxnt.com http://www.maxplanet.com/PhoneBook/phonebook.html Maxnet, Inc., MXNT is currently changing its name to reflect its new diversified Internet marketing See Internet advertising. business. Certain of the statements included in this press release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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