MORGAN HILL, Calif., April 15, 2004 (PRIMEZONE) -- Maxus Technology Corporation, (OTCBB:MXUS) a leading provider of eWaste and Asset Recovery solutions, today announced that Syncrude Canada Ltd. has signed a contract for Asset recovery and eWaste services generated as a result of Syncrude's corporate activities in their Fort McMurray operations. The contract is expected to be in effect through until the end of 2006.
"Maxus technology is looking forward to a mutually beneficial relationship," said David Smith, Chief Executive Officer of Maxus Technology Corporation. "A comprehensive and complete asset recovery and eWaste recycling program is an efficient way for a company like Syncrude Canada to derive maximum value from written down but usable corporate electronic assets. Syncrude Canada is demonstrating environmental awareness by ensuring assets that are at the end of their useful lives are properly recycled."
The Syncrude Project is a joint venture operated by Syncrude Canada Ltd. and owned by, AEC Oil Sands Limited Partnership, Canadian Oil Sands Investments Inc., Conoco Oil Sands Partnership, Imperial Oil Resources, Mocal Energy Ltd., Murphy Oil Company Ltd., Nexen Inc. and Petro-Canada.
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: (416) 867-8276 Todd Heinzl, Investor Relations Officer or investors@Maxustech.com.
SAFE HARBOR
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