July 26, 2001 – Exploring the Option of Going Private
maxill inc. (MIL, CDNX)
ST. THOMAS, Ontario
Mr. John Shaw wishes to report:
maxill inc. has announced today that it has decided to actively explore the option of going back to being a Private Canadian Company. The management of maxill does not \ cannot foresee the need to remain a publicly traded company due to rising costs, regulatory and compliance matters. The company has no reasonable foreseeable plans for the issuance of shares for equity. The current Normal Course Issuer Bid underway for 2001 has resulted in over 300,000 shares thus far being repurchased for cancellation. The company has no Investor Relations Program currently in place and is not planning to have one. The company has no Securities \ Broker relations in place and none are planned with the exception of Merrill Lynch being the NCIB buyer for the company. maxill will be reviewing it’s “going private” options and plans with it’s various Corporate Lenders as well as the major Subordinated Debt Holder of the company to see if and how “going private” may or may not be beneficial to everyone involved.
For further information John Shaw can be reached at 519-631-7370 or at: email@example.com