Mirus Advises MAXNET Technologies on Sale to H.I.G. Capital

Boston, MA, April 23, 1998 – Mirus announced today that the company has assisted its client, Maxnet Technologies of Dania, FL, in negotiating a sale of the business to H.I.G. Capital. Maxnet, a provider of remote network management services and IT systems integration, had recently been forced to restructure the Company following a major write-off of bad debt.

Mirus advised the Company on strategic options for the business and assisted management with upgrading several of the Company’s financial and operational controls in anticipation of a transaction. Mirus then marketed the business to several buyers, and ultimately negotiated a transaction with H.I.G. Capital that included a settlement with certain creditors of Maxnet. Terms of the agreement were not disclosed.

About Mirus Capital Advisors

Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.