Maxus Technology and Motorola Canada Ltd. Sign Asset Recovery eWaste Recycling Agreement


MORGAN HILL, Calif., July 20, 2004 (PRIMEZONE) -- Maxus Technology Corporation (OTCBB:MXUS), a leading provider of eWaste Recycling/Asset Recovery solutions, and Motorola Canada Ltd., a global leader in providing integrated communications and embedded electronic solutions for consumers and business, today announced that they have entered into an agreement to provide Asset Recovery services for approximately 30-40,000 Motorola brand phones over the next two quarters. The intention is to refurbish and resell the Motorola branded cell phone into international markets.

"Maxus is pleased to be selected to provide Asset Recovery services for Motorola Canada Ltd.," said David Smith, CEO of Maxus Technology Corporation; he also added "The Maxus/Motorola agreement will ensure cell phones that other wise may have come to the end of their useful product life will now have an extended product cycle, lowering overall impact on the cost of goods while generating additional revenue for Motorola Canada."

Ms. Shelley Whatmore, President of Maxus Technology Corporation, Canada Office added, "Maxus has been part of the telecommunications industry for over a decade and have developed a vast network of buyers and sellers worldwide for electronic products of all types. We welcome the opportunity to work with Motorola Canada's surplus/resale products."

About Motorola Canada Ltd.

Motorola, Inc. is a global leader in providing integrated communications and embedded electronic solutions. Sales in 2002 were $26.7 billion. Motorola is a global corporate citizen dedicated to ethical business practices and pioneering important technologies that make things smarter and life better for people, honoured traditions that began when the company was founded 75 years ago this year. For more information, please visit: www.motorola.com

About Maxus Technology Corporation

Maxus Technology Corporation 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. The company website can be found at www.Maxustech.com. For additional information please contact: (408) 782-2005 Todd Heinzl, Investor Relations Officer or investors@Maxustech.com.

SAFE HARBOR Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Maxus Technology Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Maxus cautions you that any forward-looking information provided by or on behalf of Maxus is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. Maxus Technology Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Maxus's control, in addition to those discussed in Maxus's press releases, public filings, and statements by Maxus's management, including, but not limited to, Maxus's estimate of the sufficiency of its existing capital resources, Maxus's ability to raise additional capital to fund future operations, Maxus's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Maxus's capability to be awarded contracts. . All such forward-looking statements are current only as of the date on which such statements were made. Maxus does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.


            

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