SAN JOSE, Calif. -- MAYAN Networks Corporation today announced that approximately $72,738,000 in aggregate principal value of the company's 5-1/4% convertible subordinated notes due 2005, or approximately 97% of the total, were validly tendered in its exchange offer which expired on July 27, 2001. Following the closing, MAYAN had an aggregate outstanding principal amount of approximately $50,754,000 in its 5-1/4% convertible subordinated notes due 2005 and its 7-7/8% convertible subordinated notes due 2005 (not including interest). Mayan Networks Inc.