LAS VEGAS, Oct. 21, 2003, maxxZone.com, Inc. (OTCBB:MAXZ) maxxZone.com, Inc. today announced a return to its core business, with the planned cancellation of 15 million shares issued in a March 2003 telecom acquisition.
"We have witnessed the rise and fall of the .com and telecom industry. MaxxZone pursued each in search of an additional edge for its core business of Sportoys(tm), namely active lifestyle products that offer the appeal and positive feedback of toys, and the skills of real sports equipment. And whereas industry indices continue to fall for .coms and telecoms, they continue to rise for sporting goods manufacture and retail. MaxxZone is therefore returning to focus exclusively on simply satisfying the needs of some 100 million neglected sports FunPlayers(tm)" announced Mr. Roland Becker, CEO, in Las Vegas today.
"MaxxZone is pleased to announce plans for the initial cancellation of 15 million shares, as we re-structure our company with the winding-up of its telecom division China maxxTEL" added Mr. Becker.
"MaxxZone's aim is to re-introduce a sports play ethic: to make sports part of life again; to encourage a healthier American way of life; not to encourage even greater use of electronic devices. Our MaxxGear(tm) products are geared towards that aim, by satisfying the most basic need to get better faster. For example, unique Sound Swing(tm) features facilitate correct swing mechanics, rhythm and timing for baseball, golf and tennis...while simply playing for fun. MaxxZone therefore is a return to the essence of PLAY -- a 'Learn Through Play' experience. And that remains the most basic need of all sports players" noted Mr. Becker.
Additional to these real sports skills learning features, maxxZone(tm) products offer a further significant advantage...to play real sports in greatly reduced play areas, and natural venues such as parks, streets and backyards, with minimal risk of injury or damage. These are all vital factors in re-shaping family and community attitudes towards making sports part of life again.
Some of the comprehensive range planned by maxxZone can be viewed by downloading specific sports eBooks on http://www.maxxzone.com/ebooks.html
About MaxxZone
MaxxZone is a sports equipment company with 30 exclusive product ranges, many under patent rights protection. MaxxZone(tm) products target 100 million US fun players, and aim to satisfy player needs "From First Try -- To Real Play"(tm) with a design focus on in-built learning functionality, safety and 75% reduced space real game play. MaxxZone's goal is to move the American family off their seats and into good health through fun sports play. maxxZone.com is a Las Vegas, Nevada based company and is publicly traded on the OTCBB under the symbol MAXZ. More Details: www.maxxZone.com
NOTE: 'Get it on...maxxZone.com,' 'Get into Life,' 'Time for a Sports Play Revolution,' 'From First Try -- To Real Play,' maxxZone, Sportoys, FunPlayers, maxxSlam, maxxStix, maxxTrax, maxxSwing, MaxxGear are the trademarks of maxxZone.com, Inc.
Safe Harbor Statement
Certain statements contained herein may be forward-looking in nature and are therefore subject to risks and uncertainties that could cause actual results to differ materially. The company's recent acquisition history, progress toward completing the integration of its acquisitions, history of operating losses, current expense levels compared with its sales, and the state of development of its product portfolio, coupled with the overall economic and competitive operating environments pose a number of risks investors should take into consideration in connection with assessing our financial and operating results. A more detailed discussion of these and other important risk factors can be found in our filings with the Securities and Exchange Commission on forms 10-K and 10-Q.