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Maxnet Bucks Profit Trend in ISP Sector

Wednesday, October 19, 2005

Maxnet Bucks Profit Trend in ISP Sector.

Maxnet, a leading second tier Internet Service Provider (ISP) has bucked an industry trend by reporting a double digit return on shareholder funds.

“Maxnet has enjoyed significant growth and profitability following on from our $1m plus investment in carrier grade infrastructure and a clear focus on the business sector’ said Mr. Brett Herkt, Managing Director. “Considering the well documented issues surrounding competition and profitability in the residential sector, we were delighted to produce a healthy return for our shareholders in our last financial year to 31 March”

“Maxnet has also recorded a 37% lift in revenue over the year to date and expects an improved profit in its current financial year.

‘Over the past few years, Maxnet has quietly built a portfolio of business services and supporting infrastructure that compares to those available from the major Telcos’ ‘The business is securely founded on our own 1260 sq metre carrier grade datacentre”, said Mr. Herkt. “Our competitive advantage centres on delivering Telco grade services with greater flexibility and cost effectiveness than the industry giants.

Maxnet continues to win business in the Small Medium Enterprise (SME) sector and the quality end of the residential market but is also making significant headway in the corporate sector with customers such as DDB Advertising and Harvey’s Real Estate included in its portfolio.

Maxnet has recently moved its head office and administrative team to its refitted Datacentre in Albany.

“Given our need to support growth and the opportunities we see coming it was logical to bring all our operations under one roof”, said Mr. Herkt.

ENDS

Maxnet is a profitable New Zealand owned company committed to service and quality in the ISP market. The company focuses on the business sector and the quality end of the residential market. It’s commitment to invest in a high quality infrastructure has allowed Maxnet to experience massive growth whilst maintaining excellent service levels.

For further information please visit www.maxnet.co.nz

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