Clacendix, Inc. Announces Completion of Asset Acquisition by Cryptek, Inc.
Clacendix, Inc., formerly ION Networks, Inc., (OTCBB: IONN) today
announced that on December 31, 2007, it consummated the transaction
presented in a proxy statement, filed December 10, 2007 with the
Securities and Exchange Commission, whereby Cryptek, Inc. (“Cryptek”),
a privately owned, leading manufacturer of dynamic and trusted identity
and access control solutions, purchased substantially all of the assets
of ION Networks, Inc. for $3.2 million plus the assumption of certain
liabilities.
About Clacendix, Inc.
Clacendix, Inc. (OTCBB: IONN) is a Delaware company headquartered in
Parsippany, NJ. For more information, visit www.clacendix.com
or call +1 973.402.4251.
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Forward-looking statements may be
identified by the use of forward-looking terminology such as "may,"
"will," "expect," "believe," "estimate," "anticipate," "continue," or
similar terms, variations of those terms or the negative of those terms.
Important factors that could cause actual results to differ materially
from those indicated by such forward-looking statements are set forth in
the Company's filings with the Securities and Exchange Commission (SEC),
including the Company's Annual Report on Form 10-KSB, the Company's
Quarterly Reports on Forms 10-QSB, and other filings and releases. These
include uncertainties relating to technological changes, product
development, competition, protection of intellectual property, working
capital balance and reliance on several key customers and members of
management.
