SOURCE: Trimax Corporation

October 11, 2005 07:00 ET

PLC Network Solutions Receives $500,000 Private Placement Financing Commitment

TORONTO -- (MARKET WIRE) -- October 11, 2005 -- Trimax Corp. ("Trimax"), (OTC BB: TMXO), through its wholly owned subsidiary, PLC Network Solutions ("PLC"), today announced that the Company has received USD$300,000 of a committed USD$500,000 private placement. The funds were raised through a non-brokered private placement of common stock at an average price of $0.75 per share from a group of accredited non-US investors.

This $500,000 funding will provide PLC Network Solutions with the requisite capital to meet the payment obligations under its license agreement with Electrolinks Corporation as well as cover certain working capital costs such as extending the Company's management base to fulfill specific international initiatives and contracts.

The Company has been pleased at the response received toward its technology, the BPL industry, and the Company's overall future growth potential and is presently in discussions to secure a $2,500,000 private placement commitment from a private group of investors.

PLC Network Solutions Inc. has secured its exclusive Canadian license and non-exclusive global license with Electrolinks Corporation for its Broadband over Powerline (BPL) devices and proprietary software. Electrolinks, in turn, holds an exclusive Canadian license and non-exclusive global license with Ascom AG of Switzerland. Ascom AG is regarded as a world leader in BPL technology.

Derek Pepler, President of Trimax, stated: "We are pleased the Company has received these financing commitments as it provides us with the means to implement our immediate strategic plan and allows us the flexibility to pursue many of the contracts, strategic partnerships and acquisition opportunities we continue to identify. We are excited that Broadband over PowerLine technology is experiencing substantial growth and significant recognition worldwide, and we look forward to executing on our vision of delivering PLC's low-cost, high-bandwidth triple-play solutions to underserved and emerging markets."

PLC Network Solutions also announces that it has moved into its new corporate offices located at 2 Lombard St, Toronto, Ontario, Canada. The Company is also in the preliminary stages of opening offices in the UK, India and several other strategic international locations to expand its reach in being able to deploy its BPL devices and solutions.

About PLC Network Solutions Inc.

PLC Network Solutions Inc. specializes in Broadband over Power line (BPL) technologies. PLC's technology turns the existing ubiquitous electrical power line infrastructure into a high-bandwidth "third wire" network capable of delivering high-speed data, voice and video simultaneously to every electrical outlet throughout the home or business. This technology has been successfully deployed in over 25 countries around the globe, in homes, apartments, office towers, schools, hotels, hospitals, museums and Government buildings. PLC Network Solutions offers a range of broadband-over-powerline solutions, which includes secure 128kb high-speed Internet access, VoIP services and soon to be offered IPTV technology. The Company believes that BPL will be the next widely accepted broadband technology. PLC Network Solutions anticipates that the Company and its devices will be at the forefront of this new technology revolution, which will include expanding its reach throughout the world.

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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.

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