MORGAN HILL, Calif., Nov. 18, 2004 (PRIMEZONE) -- Maxus Technology Corporation (OTCBB:MXUS), a leading provider of eWaste and Asset Recovery solutions, today announced the engagement of Jesup & Lamont Securities Corporation ("Jesup & Lamont") to assist Maxus Technology Corporation in its strategic planning and funding projects.
On the heels of his new CEO appointment, Patrick Mulvey, CEO of Maxus Technology, stated, "Engaging Jesup & Lamont will provide Maxus further direction toward meeting our financial and strategic objectives." Mr. Mulvey further stated, "Moving forward in our evolving business model requires an investment banking firm that understands the corporate planning, strategic partner opportunities and capital needs Maxus will require. We are extremely excited to have Jesup & Lamont on our team as we continue to strive to move the company forward."
Jonathan Blum, Senior Managing Director of Jesup & Lamont, stated, "Maxus is an entrepreneurial company with exciting opportunities and we are pleased to be working with the management to help finance the company's growth. Maxus has a promising product base, emerging new opportunities in the pipeline and a good platform to build the company. Our intent is to identify new funding partners along with synergistic relationships to build the company."
About Maxus Technology Corporation
Maxus Technology Inc. was founded in 1994 as an asset recovery expert for the telecom industry and was an early pioneer in the pre-owned technology marketplace. In the last 10 years of serving customers worldwide, we have developed in-depth asset recovery and eWaste expertise, extensive supply-and sell-side networks. Maxus has an international sourcing network enabling us to secure in-demand products. Maxus customers have come to rely on us for providing low-cost, high-quality alternatives to new products. In a fragmented market crowded with small, unsophisticated operations, Maxus continues to remain a trusted and respected resource.
Maxus has its executive offices at 18300 Sutter Boulevard, Morgan Hill, CA 95037 and its telephone number is 1.408.782.2005. For additional information please contact: (416) 867-8276 Todd Heinzl, Investor Relations Officer or by emailing investors@Maxustech.com.
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