COLORADO SPRINGS, Colo., Sept. 13, 2004 (PRIMEZONE) -- Maximum Dynamics, Inc. (OTCBB:MXDY), a projects management and back office services company with subsidiaries focused on technology solutions, business process management and wireless communications, announced today that its strategic partner Intesol Corporation (Pty) Ltd. ("Intesol"), a 54% South African Black Economic Empowerment (BEE) technology company, has signed an exclusive joint venture agreement with OBT Global (Private) Limited (OBT) for South Africa and the rest of the African Continent.
OBT is a consulting firm that provides a complete set of business solutions and Enterprise Resource Planning -- SAP related services to public and private sector businesses worldwide. OBT enables clients to implement effective business practices and management metrics through solutions that integrate people, processes and technology. OBT services its clients worldwide via its Sales and Operation Centers in the United States and India. OBT has secured the ISO 9001:2000 certifications, and the Capability Maturity Model Level 3 certification from the Software Engineering Institute is under process.
The joint venture was formed with Intesol to capitalize upon Intesol's strong management, top-tier resources, and their increasingly recognized track record as a solid BEE technology company. Maximum's strategic partnership with Intesol was created in lieu of the planned acquisition due to the challenges of timely reporting on all of Intesol's subsidiaries. The operations, shared service delivery and product sourcing capabilities, marketing, sales, and project implementation processes are being integrated as though the acquisition had taken place.
The joint venture with OBT Global shall add value to the Maximum-Intesol strategic partnership in several ways. First, it can support Maximum's projects, increase revenues and deliver more customers. Secondly, Maximum will assist both Intesol and OBT in the project management of the SAP implementation and Helpdesk solution application that have gained significant exposure in South Africa and other parts of the world. Lastly, the partnership and joint venture with Intesol represents additional infrastructure that Maximum needs as it ramps up its world-wide operations to service orders for its products in the banking, transportation, and communications sectors.
There have already been many significant areas of business building between Intesol and Maximum taking place. For example, Intesol has several security contracts where Maximum's real time tracking technology, TagNet, is the perfect logical next step. Therefore, the Intesol team is currently being trained on TagNet. Intesol is also already helping with Maximum's mobile commerce business unit by helping generate sales and offering needed back-end, installation and maintenance resources.
"Our strength as a company is quickly becoming recognized, which helps us leverage excellent business opportunities we identify," said Eric Majors, Maximum's CEO. "Intesol is currently one of our strongest partners and their decision to go with our back office and projects management solutions for their SAP project demonstrates the value of our service offerings. As I have been stressing all along, it takes time to build a good business. The last two years have been a chess match in terms of selecting partners and building our own internal projects management, sales and product development infrastructure. During that time we actually had to ramp down sales efforts temporarily until we had sufficient internal capacity to deal with the demand that we were generating around the world. We have continued to develop our solutions and manage risk in the marketplace by exploring business relationships that provide distribution and development capacity. Partners like Intesol are now joining us in the market place to get these superior solutions that are now fully supported into the hands of clients. The relationship we have with Intesol is exactly what we have been mining for when it comes to strategic partners."
With the OBT joint venture and Intesol's other partnerships and subsidiaries coupled with Maximum's other partners, Maximum now has sufficient infrastructure for its current requirements and is in the end cycles of the "development phase." Intesol and Maximum are working together on a co-branded launch of solutions into the marketplace that is scheduled for mid-October 2004. Intesol will be launching some of its SAP products and solutions along with newly awarded IBM reseller product lines. With a sales channel in place and the capacity to deal with the inquiries of potential clients, Maximum will be kicking off TagNet and its mobile point of sale end-to-end solutions for banking, pre-paid and loyalty services.
Maximum will be using its back office solutions to support those products and these launches. Maximum believes its launch will help it be first to market with products like TagNet and its end-to-end mobile point of sale and back-end solutions.
For more information on Maximum Dynamics, visit the company's website at http://www.maximumdynamics.com/.
For more information on Intesol Corporation, visit the company's website http://www.intesol.co.za.
For more information on OBT Global, visit the company's website http://www.obtglobal.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Maximum Dynamics assumes no obligation to update the information contained in this press release. Maximum Dynamics' future results may be affected by its ability to continue to provide solutions for its projects on which it currently works; its acquired real-time tracking technology; its acquired distribution rights for mobile point of sale solutions and other technology solutions it utilizes to service its projects; its dependence on procuring highly competitive logistics, point of sale, banking and energy contracts; its dependence on hiring and retaining qualified professionals; potential fluctuations in its quarterly operating results; its dependence on certain key employees; and its ability to timely and effectively integrate the businesses it may acquire.