BPL provider-Trimax Corporation Comments on recent Stock Price decline !!!

Trimax Corporation Comments on Stock Price
Thursday September 21, 8:00 am ET


TORONTO--(MARKET WIRE)--Sep 21, 2006 -- Trimax Corporation and its wholly owned subsidiaries, Multi-Source Inc. (MSI), and PLC Networks Inc. (PLC) (OTC BB:TMXO.OB - News), leading providers of Broadband over PowerLine (BPL) communication technologies, announced today that it knows of no fundamental reason for the recent decline in the share price of its common stock. There have been no recent undisclosed materials or adverse developments at the company.


"We recognize the recent decline in share price is due to selling pressure and market activity unrelated to the prospects of the company," noted President and CEO Derek Pepler. "We believe that our shares are undervalued and that our current level of business and outlook for this year and next support a higher valuation. The fundamentals of our business continue to be strong and we remain confident in our business and corporate strategy. We are ahead of plan and have already made significant headway with regard to the milestones scheduled to execute our first year of business."

Further to the June 15, and Sept. 5 press releases regarding its activities in South America, Trimax/ Multi-Source confirms that the utilities it has been working with have been authorized to sign the initial phase contract and finalize another for automatic meter reading (AMR), Internet, VoIP and other IP services. The Multi-Source team is travelling to South America next week for this purpose. Government press estimates the contracts value in excess of $100 million US. This cost will be dwarfed by the amount of savings the government will realize from installing AMR technology to stop power theft as well as the socio-economic impact of giving citizens access to information and communication technology.

Trimax/MSI/PLC Networks Inc. is building a solid foundation for growth and a leadership position in the enormous market for Broadband over PowerLine technology. Earlier this month, the company reported that security at its web hosting service had been breached by spammers. The company acknowledges plans to expand investor relations in an effort handle increased call volume and to build a broader audience within the investment community.

Trimax Corporation