maxxZone Enters China Telecommunications Market.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--May 21, 2003 maxxZone.com, Inc. Today Announced the Acquisition of maxxTEL Inc. and its China maxxTEL Division, a Joint-Venture with Private Beijing Telecommunications Company See telecom company. maxxZone.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MAXZ) today announced a major business expansion via its new International Telecommunications Division, and recent acquisition of two telecom companies. "We are very excited and optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about our acquisition of China maxxTEL Inc., and its parent maxxTEL Inc. These companies provide maxxZone with a real opportunity to enter the expanding telecommunications market of China, while targeting a further 23 countries over the next two years," announced Mr. Roland Becker in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. today. MaxxTEL, maxxZone's new telecommunications division, will be spearheaded by Mr. Fernando Rojas, an experienced telecommunications executive with over 30 years of experience in international and US telecom markets. Mr. Rojas joined maxxZone in March 2003 to provide the essential management expertise, and to build a bridge into China, the largest telecom market in the world and still growing at double-digit rate. "Our acquisition of maxxTel will catapult maxxZone into the growing international telecommunications business, and our first target is China, the largest and fastest growing telecommunications market in the world at present," added Mr. Rojas. China maxxTEL's joint venture partner is a fully licensed, privately owned, competitive local exchange carrier (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ) operating in Beijing and other major China cities; presently re-selling services for China Telecom, China Netcom China Netcom, full name China Netcom Group Corporation (Hong Kong) Limited, abbreviated CNC, was originally formed in August 1999 by the People's Republic of China government to enable inward investments to build high speed Internet communications in the country. , China Unicom China Unicom, full name China United Telecommunications Corporation, 中国联通, HKSE: 0762 NYSE: CHU, is a telecommunication operator in the People's Republic of China. 52. and China Railway Com, on a revenue share basis. maxxZone has a 10% shareholding in this joint venture company, while China maxxTEL has full access to its customer base and can provide other value-added services and technology without sharing revenue. "We are quietly confident about the new opportunities offered to our company by these acquisitions and now look forward to firmly establishing maxxZone as a player in the highly competitive international telecommunications industry," Mr. Becker stated. China maxxTEL is also presently finalizing IP Telephone Service Agreements with China Railway Communications for China-USA and rest of the world in- and outbound traffic Traffic originating in the continental United States destined for overseas or overseas traffic moving in a general direction away from the continental United States. . 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. Statement Statements in this press release other than statements of historical fact are 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. , including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission (Click Here) The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances. NOTE: maxxTEL and China maxxTEL are the trademarks of maxxZone.com, Inc. |
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