Message #42 From:
NewsBot Date: November 9, 2005 03:19:00 AM
CLXN News CLX Investment Company Announces First Repayment from eStrategy Solutions Portfolio Investment
TEMECULA, Calif.--(BUSINESS WIRE)--Nov. 9, 2005--CLX Investment Company, Inc. (OTCBB:CLXN) today announced that the company has received the first repayment from its investment in portfolio company, eStrategy Solutions. The payment begins what will be regular monthly repayments on the draw down line of credit that CLX provided to fund the growth of eStrategy Solutions.
"Since CLX elected to become an investment fund last year, achieving return on our investments has been a primary focus of its business strategy," said Tammy Dunn, chief executive officer of CLX Investment Company. "The fact that eStrategy Solutions is now making scheduled repayments on the line of credit that it used to launch its new content delivery platform and grow its business to the point of profitability, is a clear validation of CLX's effectiveness as a business development company and proof that its strategy works.
"Even more important for CLX shareholders is that the company will continue to facilitate the growth of its portfolio investments so that the return they provide will translate into greater value for our shareholders, whether through stock appreciation, dividends or the launch of certain portfolio investments as stand alone public companies. CLX has created a template for how it will develop its investments, and CLX's other portfolio companies, ActionView International and Zonda, Inc., are currently following this example. We expect that the public markets will see these two companies reach quantum growth in revenues and greatly increase the portfolio value of CLX," stated Ms. Dunn.
In addition to repayment of the draw down line of credit plus interest, CLX also holds a 49% non-dilutive position in eStrategy Solutions, which ensures ongoing cash distributions to CLX as eStrategy Solutions continues to perform and grow revenues.
"We expect eStrategy Solutions to capture a greater share of the online continuing education, proctored exam and license renewal exam market state affiliated boards and agencies in Texas. With significant potential for expansion into other state and national Internet-based learning markets, the full potential for CLX's ongoing equity interest in eStrategy Solutions to return even greater value to CLX has not been realized, but CLX will continue to support the development of this portfolio investment," continued Ms. Dunn.
"In addition to the importance of CLX receiving repayment from its first portfolio investment, management will continue to highlight to the investment community that CLX is extremely well-positioned for long-term growth and stock appreciation. With no long-term debt or liabilities on its books and three solid, revenue generating portfolio investments, there should be few legitimate forces that would keep CLX from experiencing a greater per share stock value as the value of its assets grows. While market forces cannot be predicted, our stockholders should be aware that CLX management will make it a priority that the company's stock price reflects the true value of our investment portfolio," 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 Investment's 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.
