Message #41 From:
NewsBot Date: November 8, 2005 03:15:00 AM
CLXN News CLX Investment Company Announces Continued Distribution of Stock Dividend
TEMECULA, Calif.--(BUSINESS WIRE)--Nov. 8, 2005--CLX Investment Company, Inc. (OTCBB:CLXN) today announced that stock certificates have been mailed to all certificated shareholders of record as part of the distribution of the Company's 1-for-3 stock dividend, which closed on September 30, 2005.
As the distribution continues, shareholders whose stock is held in "street name" will be issued their dividend shares through a process that includes the brokers or other financial institutions that hold their stock. The company's transfer agent, Transfer Online, has requested information from the brokerage firms, banks and other applicable institutions whose clients are eligible to receive the stock dividend. Once the appropriate information has been received, stock certificates will be issued so that all shareholders will receive their dividend shares.
"The distribution of the dividend to our shareholders is progressing on schedule, and we are pleased that Transfer Online has completed the mailing of dividend shares to certificated shareholders," commented Tammy Dunn, chief executive officer of CLX Investment Company. "Clearly, the shares held in street name will take longer to distribute, but since all of the dividend shares are, by Securities and Exchange Commission regulations, restricted subject to Rule 144 of the Securities Act of 1933, no shareholders will be at a disadvantage by not receiving their stock as quickly as others. Additionally, we hope that shareholders will recognize the significant future potential of the company and will look forward to maintaining their stock ownership for a long period.
"We continue to ask that CLX shareholders monitor the Company's press releases and other announcements to ensure that they remain informed regarding the completion of the dividend distribution process," added Ms. Dunn.
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About the Company
CLX Investment Company (www.clxinvestments.com) has elected to be regulated as a Business Development Company pursuant to Section 54 of the Investment Company Act of 1940, and is pursuing a business plan wherein the Company seeks to make investment in developing companies with the goal of providing return for its shareholders.
CLX has acquired a 49% interest in eStrategy Solutions, Inc. (www.clxinvestments.com/estrategysolutions), a Texas-based e-learning provider that has developed online training solutions for government entities and other professional organizations. The Company has made an investment in ActionView International, Inc. (www.actionviewinternational.com), a publicly traded global manufacturer and marketer of "smart" scrolling advertising billboards. CLX holds a 20% equity interest in Zonda, Inc. (www.zondainc.com), a privately held company that specializes in test products that serve the medical diagnostic, bacterial food testing and environmental surfaces testing markets.
All statements included in this release, including statements regarding potential future plans and objectives of CLX Investments are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond CLX Investments' control. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements depending on many factors. Historical results are not necessarily indicative of future performance.
