COLORADO SPRINGS, Colo., April 5, 2004 (PRIMEZONE) -- Maximum Dynamics, Inc. (OTCBB:MXDY), a projects management and back office services company focused on technology solutions for wireless communications and business process management, announced today that its subsidiary TagNet International (formerly Maseco Denmark) has received an additional order from Glibstrup Transport A/S, a company with whom it secured a contract in February 2004.
Glibstrup was so impressed with TagNet's solution of real-time tracking devices that it increased its order from 100 units to 300 total units. After adding in costs for customization, support and maintenance, the new contract represents approximately $500,000 in revenue for TagNet. Glibstrup also has strong ties to the trucking industry in Denmark, which should realize additional benefits for TagNet.
TagNet offers three types of real-time tracking modules. The basic module is a GPS/GPRS location monitor that performs basic functions like position reports (when the vehicle moves slowly or stops), and is meant for security purposes and fleet management systems. The smart module can handle more complicated tasks like cargo monitoring and a few peripheral devices such as a bar code scanner, printer and/or telemetric devices. The business module has the same capability and flexibility as a PC and can handle more complex interfaces for peripheral equipments and a vast library of software functions.
"Glibstrup had ordered 100 business modules and is now adding 200 base modules," said Johannes Clausen, VP of Mobile Logistics for Maximum. "I think this re-order speaks volumes about the stamp of validation people want to see. I believe the increasing of their order to three times the number of original units after only one month is a huge statement. It shows the strength of our ability to solve complex problems at very affordable rates. This contract and other demand is very encouraging to the extent that we have increased our forecasts for Europe."
The flexibility of the TagNet product combined with extremely competitive pricing has resulted in an explosion of interest in South Africa, Mexico, China and Europe where several demonstrations are scheduled over the next few months.
For more information about Maximum Dynamics, Inc., visit the company's website: http://www.maximumdynamics.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Maximum Dynamics assumes no obligation to update the information contained in this press release. Maximum Dynamics' future results may be affected by its ability to continue to implement its hedge fund administration services, its newly acquired Internet marketing capabilities, its dependence on procuring highly competitive hedge fund administration contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire.