SOURCE: Trimax Corporation

September 21, 2006 08:00 ET

Trimax Corporation Comments on Stock Price

TORONTO -- (MARKET WIRE) -- September 21, 2006 -- Trimax Corporation and its wholly owned subsidiaries, Multi-Source Inc. (MSI), and PLC Networks Inc. (PLC) (OTCBB: TMXO), 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.

About Trimax/MSI/PLC Networks Inc.

Trimax and its wholly owned subsidiaries Multi-Source Inc. and PLC Networks Inc. are providers of leading Broadband over PowerLine (BPL) communication technologies. Trimax/MSI/PLC specializes in the development, distribution, implementation, and servicing technologies that use the power grid to deliver 128-bit encrypted high-speed symmetrical broadband for data, voice and video transmission. BPL is a disruptive communications technology that turns the existing ubiquitous power line infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. Broadband is delivered simultaneously on a single platform enabling every electrical outlet throughout the home or business. To connect, users simply plug a wired/ wireless modem into any electrical outlet and plug their computer, phone, surveillance camera or IP device into the modem.

Since the building's electrical wiring becomes the backbone for a secure local area network, there is no need to install any new wiring in the walls. The company's technologies use the existing electrical wiring as a "smart" network to deliver broadband access to computers, video on demand (VOD), VoIP phones, surveillance cameras, elevator applications, IPTVs, smart meters (AMR), etc. as well as connect printers, faxes, entertainment systems, etc. on the hotel, office or home network. Installation is usually implemented in a matter of hours or days instead of weeks or months and avoids the expense and disruption to the business of burying cables or opening walls and ceilings to run new cables, which is necessary for other broadband access technologies. This technology has been successfully deployed in over 25 countries around the globe, in hotels, homes, apartments, office towers, schools, hospitals, museums and government buildings. The company believes that BPL will be the next widely accepted communications technology. Trimax/MSI/PLC anticipates that the company and its devices will be at the forefront of this new technology revolution, which includes expanding its reach throughout the world.

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Safe Harbor

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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