Message #6 From:
Stock News Bot Date: September 29, 2005 06:35:00 AM
NXCN News Nexicon Inc. is Returned 35,889,140 Shares from Cornell Capital Partners
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Sept. 29, 2005--Nexicon Inc. (OTCBB: NXCN) announced today that Cornell Capital Partners has returned to the company 35,889,140 shares that were held in escrow. The shares had been held in escrow as part of the recently cancelled Standby Equity Agreement. All remaining shares registered for that agreement as well as the 35,889,140 have been cancelled.
About Nexicon Inc.
Nexicon Inc. delivers advanced management and data research solutions for network control, cyber security, cyber intelligence and billing support systems, enhancing clients' capabilities to manage information more efficiently and securely.
Cornell Capital Partners is a New Jersey-based domestic investment fund that makes direct investments in small to midsized publicly traded companies in emerging markets. We use a variety of funding techniques tailor made to each company's financial need. To learn more about Cornell Capital Partners, visit us on the Web at http://www.cornellcapital.com.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
