MORGAN HILL, Calif., July 20, 2004 (PRIMEZONE) -- Maxus Technology Corporation (OTCBB:MXUS), a leading provider of eWaste Recycling/Asset Recovery solutions, and Motorola Canada Ltd., a global leader in providing integrated communications and embedded electronic solutions for consumers and business, today announced that they have entered into an agreement to provide Asset Recovery services for approximately 30-40,000 Motorola brand phones over the next two quarters. The intention is to refurbish and resell the Motorola branded cell phone into international markets.
"Maxus is pleased to be selected to provide Asset Recovery services for Motorola Canada Ltd.," said David Smith, CEO of Maxus Technology Corporation; he also added "The Maxus/Motorola agreement will ensure cell phones that other wise may have come to the end of their useful product life will now have an extended product cycle, lowering overall impact on the cost of goods while generating additional revenue for Motorola Canada."
Ms. Shelley Whatmore, President of Maxus Technology Corporation, Canada Office added, "Maxus has been part of the telecommunications industry for over a decade and have developed a vast network of buyers and sellers worldwide for electronic products of all types. We welcome the opportunity to work with Motorola Canada's surplus/resale products."
About Motorola Canada Ltd.
Motorola, Inc. is a global leader in providing integrated communications and embedded electronic solutions. Sales in 2002 were $26.7 billion. Motorola is a global corporate citizen dedicated to ethical business practices and pioneering important technologies that make things smarter and life better for people, honoured traditions that began when the company was founded 75 years ago this year. For more information, please visit: www.motorola.com
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: (408) 782-2005 Todd Heinzl, Investor Relations Officer or investors@Maxustech.com.
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