SAN JOSE, Calif., April 7, 2004 (PRIMEZONE) -- Maxus Technology Corporation, formerly Medinex Systems, Inc. (OTCBB:MXUS), a supplier of Global Asset Management Solutions, today announced that at its Annual Meeting of Stockholders held March 22, 2004 the following proposals were approved:
Company Name and Symbol Change
Stockholders approved the changing of the company's name from Medinex Systems, Inc. to Maxus Technology Corporation. As a result of the name change, the company's stock ticker symbol was changed effective on April 7, 2004 to MXUS.
Mr. David Smith, CEO of Maxus Technology Corporation, said, "We chose Maxus Technology Corporation as the company's new name to remind us where we have been in our corporate growth, and to capitalize on an emerging brand name in eWaste and Asset Recovery."
Election of Directors
At the Annual Meeting, David Smith, Michele Whatmore, Charles Whatmore, James Ross and William E. Thomson were elected as directors of the company to serve until the next annual meeting. The newly constituted board of directors then appointed David Smith as Chief Executive Officer; Michele Whatmore, as President; Charles Whatmore as Vice President- Business Development, and James Ross as Chief Financial Officer.
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
Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Maxus Technology Corporation ("Maxus") 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' 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' control, in addition to those discussed in Maxus' press releases, public filings, and statements by Maxus'management, including, but not limited to, Maxus' estimate of the sufficiency of its existing capital resources, Maxus' ability to raise additional capital to fund future operations, Maxus' 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.