LINCOLN, Neb., March 27, 2006 (PRIMEZONE) -- Market Advisors, the highly respected stock analysis firm, with a focus on emerging public companies, has upgraded its performance expectations for EnXnet, Inc., (OTCBB:EXNT) (German WKN No. A0HMDW) in the short and intermediate term due to several exciting developments that have occurred recently. Market Advisors first initiated coverage of EXNT in January of this year when EXNT was trading at approximately $1.00 per share.
"Even though EXNT has enjoyed a strong upward move in share price since we first initiated coverage, we at Market Advisors deem it necessary to communicate to the investor community recent events and how these events should impact the fundamental growth of EXNT. Very few companies, so early in their development, have the ability to exceed expectations and garner the attention of the business community as this Company has," stated Jeff Helleberg, Market Advisors.
EnXnet recently announced a joint venture with BAHF, LLC (2/27/2006) to address the growing need for advanced patient safety. The two firms will unite to form one company that could revolutionize sections of the medical industry, potentially saving thousands of lives and billions of dollars per year. This new medical technology could surpass the expected success of their patent pending ThinDisc(tm) technology. This innovative ThinDisc(tm) technology created by EXNT makes possible the creation of the MoxyCard(tm) and SurfCard(tm) products respectively owned and marketed by One28 Marketing Group and Interactive Affinities.
Ryan Corley, EnXnet, had this to say: "We are honored that Market Advisors has chosen to expand on their coverage of EXNT. Their ongoing coverage is indicative of their confidence in our product line and company as a whole. We at EnXnet are thrilled that Jeff Helleberg, one of the top performing analysts in the business, has demonstrated his full support of our company."
The complete unedited analyst report can be viewed by going to www.stockmarketgarden.com. Market Advisors was compensated $5,000 and is the source of this press release. Investors can contact EnXnet directly at EnXnet Inc., Tulsa, Ryan Corley, 918-592-0015 or learn more about the company by going to their website www.enxnet.com.
This release may include forward-looking statements from the company that may or may not materialize. Additional information on factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.