MORGAN HILL, Calif., April 27, 2004 (PRIMEZONE) -- Maxus Technology Corporation, (OTCBB:MXUS) a leading provider of eWaste and Asset Recovery solutions, today announced that it has signed a memorandum of understanding (MoU) with the State of Nuevo Leon, Mexico to explore collaboration in four key eWaste Recycling and Asset Recovery areas -- knowledge management of the eWaste Industry, develop eWaste recycling programs, develop asset recovery programs to augment eWaste programs, and eWaste infrastructure. Both Maxus and the State of Neuvo also hope to explore joint marketing and technology development within this region, including the City of Monterey that has a population exceeding 3.8 million people.
The connection with State of Nuevo Leon, Mexico will provide Maxus with strategic opportunities to tap into the State of Nuevo Leon, Mexico Company base, and explore joint provision of eWaste Solutions to Mexican multinationals in the region. Similarly, the State of Nuevo Leon, Mexico can leverage on the Maxus presence in Mexico and its proven track record in providing eWaste solutions to leading global companies.
"We are pleased to enter this alliance with State of Nuevo Leon, Mexico as we believe the synergy will help our company expand our core services significantly, and allow us to leverage on our key strengths to widen our market presence in Mexico," said David Smith, CEO of Maxus Technology Corporation.
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.
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.