Maxxcapp Corporation

Maxxcapp Corporation

March 11, 2005 15:03 ET

Maxxcapp Corporation: Management Re-organization a Natural Progression


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MAXXCAPP CORPORATION

TSX VENTURE SYMBOL: MXP

MARCH 11, 2005 - 15:03 ET

Maxxcapp Corporation: Management Re-organization a
Natural Progression

ABBOTSFORD, BRITISH COLUMBIA--(CCNMatthews - March 11, 2005) - Maxxcapp
Corporation (TSX VENTURE:MXP)

Maxxcapp Corporation's Board of Directors is pleased to announce the
re-organization of its management team as a result of the growth of the
company.

Blaine Gorrell, B.Sc., will become President, CEO and Director and Roger
Kufske, BA, CMA will become CFO. Businessman Ken McKenzie will become
Chairman and Director and Lawyer Craig Thomas and Graydon Elliott
Capital Corporation President Rodney Gelineau will also become Directors.

Dwight Martin, who will remain a director, added that with the maturity
and growth of the company it was important for the current board members
to expand the depth of the board and make some significant management
changes.

"We felt that it was time to step up the experience and knowledge around
the Maxxcapp table in order to keep the company moving forward and to
improve corporate governance," Mr. Martin said.

"Shareholders should be pleased with the addition of this talented,
experienced and successful, professional team. I am looking forward to
seeing many positive changes in the coming months," he added.

Mr. Gorrell has an extensive background in banking and business and was
most recently was the General Manager of Wall Financial Feed
Division/Masterfeeds. Previous to that he was the Senior Assistant
Manager of Agricultural Services B.C. for the Royal Bank of Canada.

Mr. Kufske is a Certified Management Accountant and professional manager
with more than 22 years of experience working at several large
accounting firms as well as Lafarge Canada Inc.

Mr. McKenzie has more than 25 years of business experience in the
agricultural and feed industries and is involved in several feed
production and distribution companies in Western Canada.

Mr. Thomas is a securities lawyer with Thomas Rondeau in Vancouver B.C.
and has more than 20 years of experience in corporate finance and
business law.

Mr. Gelineau is the President, CEO and founder of Graydon Elliott
Capital Corporation, a boutique-style investment services firm with
offices in Abbotsford, Vancouver and Toronto. He has 17 years of
experience in retail investment products and corporate finance.

Jonathan Dugdale, former director and president, has resigned from the
company because of a new business opportunity. The board wishes him well
in his new endeavors.

This news release may contain forward-looking statements that are based
on management's current expectations which are subject to known and
unknown uncertainties and risks. This could cause actual results to
differ materially from those contemplated or implied by such
forward-looking statements. Maxxcapp is under no obligation to update
any forward-looking statements contained herein should material facts
change due to new information, future events or otherwise.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Maxxcapp Corporation
    Mike Chenier
    (604) 556-7400
    (604) 556-7410 (FAX)
    mchenier@maxxcapp.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.