Maxus Technology Inc. and City of Calgary to Partner for 2004 eCycle Roundup Day

UNITED STATES


SAN JOSE, Calif., March 16, 2004 (PRIMEZONE) -- Maxus Technology Inc., a Medinex Systems, Inc. (OTCBB:MNXS) subsidiary, is pleased to announce that it has won its bid to partner with the City of Calgary for another eCycle Day Roundup. The event will mark the second year in which Maxus Technology Inc., a leader in eWaste and Asset Recovery services, will play an instrumental role in the city's' eWaste collection. Calgary is home to over 1 million people.

"Calgary, Alberta Canada continues to lead the eWaste revolution in Canada and will continue its innovative ways to safely manage computers and other electronic devices at the end of their life,'' Maxus President Shelley Whatmore commented. "This is a low-cost, consumer-friendly solution to the expensive electronic product recycling options currently available to the city. Maxus, utilising its MeWa recycling technology, will process over 70 metric tonnes of eWaste during the day."

Last year's eCycle Roundup is considered to be one of the largest one-day electronic waste roundups held in North America with over 220 metric tonnes collected from the City of Calgary in 6 hours: As a result, 3,615 computer monitors; 4,277 CPUs; 1,753 TVs and 1,393 stereos were collected. Telephones, speakers, game systems and other miscellaneous electronic equipment were also collected and recycled.

About Maxus

Maxus Technology Inc. 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: (416) 867-8276 Todd Heinzl, Investor Relations Officer or investors@Maxustech.com.

SAFE HARBOR Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Maxus Technology Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Maxus cautions you that any forward-looking information provided by or on behalf of Maxus is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. Maxus Technology Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Maxus's control, in addition to those discussed in Maxus's press releases, public filings, and statements by Maxus's management, including, but not limited to, Maxus's estimate of the sufficiency of its existing capital resources, Maxus's ability to raise additional capital to fund future operations, Maxus's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Maxus's capability to be awarded contracts. . All such forward-looking statements are current only as of the date on which such statements were made. Maxus does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.


        

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