Allixon Corp Signs Letter of Intent with MCL.TORONTO -- Please replace the release with the following corrected version due to incorrect statistical data and multiple revisions. The corrected release reads: ALLIXON CORP SIGNS LETTER OF INTENT WITH MCL MCL - Macintosh Common LISP Allixon Corp. (Pink Sheets:AXNP) is pleased to announce that it has signed a Letter of Intent to enter into merger discussions with privately held Micro Components Ltd. (MCL) (www.mcltek.com); MCL is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that has developed a ground breaking technology for advanced semiconductor packaging. The technology named ALOX ALOX Aluminum Oxide (TM), enables manufacturing of multilayer metallic substrates for modern electronic applications with dramatic cost savings, higher thermal and electrical properties. MCL's products serve an immediate need in a large marketplace for sophisticated technologies that respond to the rigorous demands of modern electronics: high electrical performance, high thermal performance and extreme miniaturization min·i·a·tur·ize tr.v. min·i·a·tur·ized, min·i·a·tur·iz·ing, min·i·a·tur·iz·es To plan or make on a greatly reduced scale. min . MCL has successfully tested and qualified its products with several world-class corporations in the IC industry, and is now poised to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale production and leverage its unique packaging technology and industry relationships. MCL's products target the multi-billion dollar markets for mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings (laptops, tablet PCs, etc.) portable devices (cell-phones, PDAs, etc.), power components and the high end ASIC's markets. Gartner Dataquest forecasts that the total worldwide semiconductor packaging and test market will grow from $29.6 billion in 2003 to $50.3 billion in 2008, representing a compound annual growth rate of 11.2%. With its ALOX(TM) process and System in Package (SiP) technology, MCL offers an innovative and improved packaging solution to the semiconductor industry. Allixon management believes that MCL offers a high growth investment opportunity to its shareholders. Management has reserved an appropriate controlling equity interest for the walking merger / acquisition agreement. Lee Balak, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Allixon stated "MCL and its ALOX(TM) product line create a platform that provides us with a very unique opportunity in a robust environment. Semiconductor packaging technologies have become an important and critical factor for designers and manufacturers of electronic products. With product development completed and recent validation from industry opinion leaders, MCL could have a significant impact on the semiconductor packaging industry." In parallel with this new business announcement Allixon will be seeking to engage a US financial Institution to assist in funding the company as well as to raise the company profile for a senior listing in the US market place to best exploit this technology in the appropriate space. ALOX(TM) is a trademark of Micro Components Ltd. (MCL) This release may be deemed to contain forward-looking statements, which are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Factors that could cause actual results to differ from those contained in the forward-looking statements. Among the important factors or risks that could cause actual results or events to differ materially from those in the forward-looking statements in this release are: business and economic conditions and growth trends in our industry in various geographic regions; global economic conditions and uncertainties in the geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. environment; variations in customer demand for products and services; variability of operational costs; variations in sales channels, product costs, or mix of products sold; the ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; dependence on the introduction and market acceptance of our technology and expansion into other industry segments. |
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