Message #53 From:
NewsBot Date: January 3, 2006 03:54:00 AM
CLXN News CLX Investment Company Files 10-K Annual Report
TEMECULA, Calif.--(BUSINESS WIRE)--Jan. 3, 2006--CLX Investment Company, Inc. (OTCBB:CLXN) today discussed the filing of its Form 10-K Annual Report for fiscal year 2005 with the Securities and Exchange Commission on December 29, 2005.
The 10-K filing covers the company's fiscal year ended September 30, 2005 and primarily reports on the first year that CLX operated as an investment fund. During the period reflected in the 10-K, CLX invested in the three companies that currently comprise its portfolio, eStrategy Solutions, ActionView International and Zonda, Inc.
CLX has a 49% equity position in eStrategy Solutions, a Texas-based e-learning provider that develops online training solutions for government entities and other professional organizations; one million shares of common stock in ActionView International, a global manufacturer and marketer of "smart" scrolling advertising billboards; and 20% equity ownership in Zonda, Inc., a privately held company that specializes in test products that serve the medical diagnostic, bacterial food testing and environmental surfaces testing markets.
"We are pleased to have completed our Annual Report, and we look forward to filing our first quarter 10-Q, which will be completed in the next few weeks," commented Tammy D. Dunn, chief executive officer of CLX. "There are many exciting events that we expect to announce regarding all of our portfolio investments as 2006 begins, so we anticipate frequent communication with our shareholders in January.
"Among the company's recent milestones were the first repayments from eStrategy Solutions and ActionView International portfolio investments. These repayments are expected to continue as regularly scheduled occurrences, and the income that results will be reported in our upcoming quarterly and year-end filings," stated Ms. Dunn.
"All three of our portfolio companies are poised to deliver value to the CLX portfolio in 2006 and we look forward to reporting tangible progress to shareholders on a regular basis," added Ms. Dunn.
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.
