NEW YORK, August 10, 2000 (PRIMEZONE) -- Shalov Stone & Bonner issued the following announcement today:
A class action was commenced on behalf of all persons who purchased the common stock of Max Internet Communications, Inc. (Nasdaq:MXIP) in the period from November 15, 1999 to May 12, 2000. The lawsuit alleges that the defendants violated the federal securities laws by, among other things, materially misrepresenting the Company's business condition and failing to disclose material facts concerning sales of products that had been returned by a major customer.
Plaintiffs are represented by the law firm of Shalov Stone & Bonner which has extensive experience in the prosecution of class actions on behalf of investors. For more information about Shalov Stone & Bonner, please visit the firm's website at: www.lawssb.com
If you would like to participate in this action or would like additional information about the lawsuit, please contact:
Shalov Stone & Bonner (Ralph M. Stone),
276 Fifth Avenue,
Suite 704,
New York, New York 10001,
telephone: 212-686-8004,
email: ralph@lawssb.com