COLORADO SPRINGS, Colo., Jan. 15, 2004 (PRIMEZONE) -- Maximum Dynamics, Inc. (OTCBB:MXDY), a technology solutions company that combines cutting edge technology with its back office and administration services to provide client-side support and business process management services, announced today that it has formed a strategic partnership with Global Transaction Network de Mexico S.A. de C.V. (GTN), a Mexican technology solutions firm.
As part of the agreement, GTN will provide the programming necessary to turn Maximum's mobile point of sale (POS) electronics funds transfer device, M.POS, into a terminal that can charge credit cards, sell air time, sell vouchers and offer other products or services. Maximum also acquired office space and sharing of human resources in Mexico City and has asked GTN to assist with business development efforts in Mexico for Maximum's other products and services.
GTN is one of the premier programming and technology certification companies in Mexico that has offices in Miami, Mexico, France and Colombia. GTN specializes in software programming, system certification and terminal integration for mobile commerce solutions. GTN recently finished a pre-paid phone service application for POS terminals for major POS systems providers that will deploy thousands of POS terminals to retail locations in Mexico. Their applications are already running on terminals throughout Mexico and allow retailers to no longer have to carry inventories of pre-printed scratch off cards, thereby cutting their costs and the possibility of theft.
As a result of its experience and relationships, GNT believes it already has immediate demand for about 2,200 units of M.POS with many other orders to follow. GNT will begin programming the devices for the respective needs of these customers. GNT likes M.POS because it is a terminal that can accept credit card payments as well as sell other voucher related products while being a mobile cellular device. Most other offerings are either land-line based or do not have the level of security and features offered by M.POS. GNT believes it can sell large quantities of M.POS because it already has ISO and EMV certification, which is a step ahead of all of the competitors in Mexico.
"What is so exciting about this partnership is that GTN has already helped to get POS devices into the market for some very big players here in Mexico," said Eric Majors, CEO and President of Maximum Dynamics. "So, they know what the hurdles are and in our case there are not many to clear before sales can be made through them here in Mexico. We knew before we even met with GTN that they would like M.POS and they would probably have sales they could turn up right away. Not only were we right but we discovered a great partner that shares our approach to business."
M.POS devices have already been ordered for testing and programming so that sales can be conducted as soon as they are programmed to the specifications required by the customers interested in the device. Through its relationships with specific banks in Mexico, GTN will also provide Maximum with a gateway mechanism that will provide revenue for Maximum on every M.POS transaction in Mexico. GTN believes that the gateway could be ready for Maximum as early as June 2004.
For more information about Maximum Dynamics, Inc., visit the company's website: http://www.maximumdynamics.com .
About Global Transaction Network de Mexico S.A. de C.V.
GTN has more than four years experience on Internet software development, multimedia and communications solutions. By providing solutions involving cutting edge technology and systems integration, GTN has effectively serviced large companies in the telecommunications, television and media, and banking industries. It has certified or programmed POS devices of several major, international manufacturers and also maintains banking gateways in Mexico. GTN has offices in Miami, Mexico, France and Colombia.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Maximum Dynamics assumes no obligation to update the information contained in this press release. Maximum Dynamics' future results may be affected by its ability to continue to implement its hedge fund administration services, its newly acquired Internet marketing capabilities, its dependence on procuring highly competitive hedge fund administration contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire.