ACCESS 1 FINANCIAL ISSUES BUY RECOMMENDATION ON MAX INTERNET
COMMUNICATIONS WITH 12 MONTH PRICE TARGET OF $40
DALLAS, Jan 25, 2000 /PRNewswire via COMTEX/ -- MAX Internet
Communications (OTC Bulletin Board: MXIP) announced today that Access 1
Financial, a California-based company, issued a buy recommendation on
the company with a 12 month price target of $40 per share. They
recommended the accumulation of MAX Internet shares for investors
interested in a well-managed, rapidly growing company with industry
superior products.
The initial coverage by Access 1 Financial noted that MAX Internet
stands poised to become a major industry figure as video conferencing
and video communications over the Internet becomes an increasingly
greater factor in communication dynamics. It continued by stating "MAX
Internet Communications is the only significant industry player in the
manufacture, development and marketing of parallel Internet Media
microprocessors for video conferencing and information applications."
The report also stated that the Company's future growth will be driven
by three principle factors: (1) establishing its branded products as a
technically superior and cost effective Internet communications
solution through effective product marketing (2) expanding its domestic
market penetration through distribution arrangements with VARs, White
Box OEMs, and major computer manufacturers, and (3) continuing product
penetration into lucrative foreign markets, particularly Brazil and
Europe. Additionally, Video Communications over the Internet will grow
exponentially due to worldwide Internet usage and the increasing
prevalence of cost-effective high bandwidth connections.
About MAX Internet Communications: MAX Internet Communications Inc.
manufactures and markets a PC Internet Media Processor Card, the MAX
i.c.Live 3600, and an Information Appliance, the MAX i.c.Live Video
Communication Station. The core technology of both products, the MAX
i.c.Live Internet Media Processor, delivers the power to conduct
true-motion, synchronized video and audio communications and high-
quality video and audio streaming and browsing over a broadband
Internet connection. The MAX i.c.Live Internet Media Processor also
integrates full DVD and Dolby AC-3 surround sound for the most complete
and affordable video communication and entertainment solution available
on the market today. For more information about MAX Internet
Communications, visit the company's Web site at
http://www.maxic.com For a complete copy of the report, please contact Access 1 Financial at
310-581-7997.
Safe Harbor Statement -- Certain statements in this press release
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform, Act of 1995, as amended. There are a
number of important factors that could cause the Company's actual
results to differ materially from those indicated by such
forward-looking statements.
SOURCE MAX Internet Communications Inc.
(C) 2000 PR Newswire. All rights reserved.
http://www.prnewswire.com CONTACT: Mark Bergman, Director Global Equities Research of Access 1
Financial, 310-587-7997; or Investor Relations of MAX Internet Communications
Inc., 214-691-0055
WEB PAGE:
http://www.maxic.com GEOGRAPHY: Texas
California
INDUSTRY CODE: MLM
FIN
SUBJECT CODE: RTG
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