RENO, Nev., June 29, 2005 (PRIMEZONE) -- MidNet, Inc. (OTCBB:MIDX), creator, owner and operator of The Middle Network(tm), announced today that it is in revenue. On March 22, 2005, the Company had announced that it was entering the operational phase of its development. Related activities since that time have seen MidNet finalize technical configurations and refine workflows to better integrate The Middle Network(tm) with the day-to-day business of its customers.
According to Tilo Kunz, MidNet's President and CEO, "We've reached the revenue milestone. It's a great way to close out Q2. The Company is uniquely positioned to leverage its strategic developments. We expect revenue to continue and to grow significantly throughout Q3 and Q4."
In related news, MidNet also announced that it has appointed Curtis Staples to the Board of Directors. Mr. Staples is Executive Vice President of the Company. Throughout his career, Mr. Staples has played a principal role in directing companies' expansion and growth into emerging opportunities in the entertainment sector, through the integration of new technology and enhanced workflows.
About MidNet, Inc.
MidNet is the creator, owner, and operator of The Middle Network(tm), a commercial complement to the Internet. The Middle Network provides high-speed, high-capacity private digital connectivity to companies and individuals who wish to create, manage and distribute valuable intellectual properties.
Forward Looking Statements
The statements made in this press release are forward-looking and are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, the ability of MidNet or the company to execute effectively its business plan, changes in the market for MidNet's proposed network services, changes in stock and business market activity, realization of anticipated customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), systems failures, economic and political conditions, changes in customer behavior and the introduction of competing products having technological and/or other advantages. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. The company assumes no obligation to update information concerning its expectations.
For more information, please visit our website at www.midnetinc.com or call 1-877-609-6188