Baxa and CDEX Announce Strategic Alignment.ENGLEWOOD, Colo. & ROCKVILLE, Md. -- Baxa Corporation and CDEX CDEX Center for Deep Earth Exploration CDEX Compact Disk Engineering Data Exchange CDEX Checkstub Data Exchange CDEX Combat Developments Experimentation Center CDEX Chemical Detection Excellence (CDEX, Inc; Tucson, AZ) CDEX Cdrom Extension Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CEXI CEXI Cryogenic Experts, Inc. (Ventura, CA, USA) ) announced today a $1.5 million equity investment by Baxa in CDEX. In addition, the investment agreement provides a vehicle for an additional optional Baxa investment of up to $1 million over the next nine months and an offer to Baxa of a seat on the CDEX Board of Directors. (For additional details, see CDEX's 8K filed with the SEC.) "We are pleased that Baxa has invested in CDEX and view this decision as a first step toward strategic alignment between Baxa and CDEX," states Malcolm Philips, CDEX's Chairman and 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. . "Baxa is a well-respected name in the medical community and its investment in CDEX will facilitate faster expansion into that and other markets." "We looked closely at CDEX and found a technological and cultural alignment with our business and values," said Greg Baldwin Greg Baldwin (born September 13, 1960 in Grants, New Mexico) is an American actor. Raised in Spring, Texas, he currently resides in the San Fernando Valley with Melissa Baldwin, his wife of twenty-three years and their two children, Sydney and Cooper. , Baxa's Chairman and CEO. "This investment marks our confidence in CDEX and its ability to continue to develop innovative products that solve real world problems inside and outside the medical market. We welcome the opportunity to work with CDEX in the future." About Baxa Corporation Celebrating 30 years of business in 2005, Baxa Corporation is a Denver-based manufacturer of medical devices and systems for preparing, handling, packaging and administering liquid medications. The company manufactures and markets a wide range of healthcare products for use in hospitals, critical care units and alternate-site pharmacies. Privately held, Baxa Corporation has subsidiaries and sales offices in Canada, the United Kingdom, Denmark, and Germany and distribution partners worldwide. Further information is available at www.baxa.com. Marian Robinson, Vice President, Marketing 800.567.2292 ext. 2157 or 303.617.2157 Email: Marian.robinson@baxa.com Maggie Chamberlin Holben, APR Absolutely Public Relations: 303.984.9801 or 303.669.3558 Email: maggie@absolutelypr.com About CDEX Inc. CDEX Inc. is a technology development company with a current focus on developing and marketing products using chemical detection and validation technologies. At present, CDEX is devoting its resources to two distinct areas: (i) identification of substances of concern (e.g., explosives and illegal drugs for homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States ); and (ii) validation of substances for anti-counterfeiting, brand protection and quality assurance (e.g., validation of prescription medication and detection of counterfeit To falsify, deceive, or defraud. A copy or imitation of something that is intended to be taken as authentic and genuine in order to deceive another. A counterfeit coin is one that may pass for a genuine coin and may include a lower denomination coin altered so that it may or sub-par products for brand protection). ValiMed is one line of CDEX products for the healthcare market. CDEX is headquartered in Rockville, Maryland Rockville is the county seat of Montgomery County, Maryland, United States. According to the 2006 census update, the city had a total population of 59,114, making it the second largest city in Maryland. with its research and development laboratory in Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] . For more information, visit www.cdex-inc.com and www.valimed.com or contact Jerry Blair at 301.881.0080 (jblair@cdex-inc.com). Any statements made in this press release which contain information that is not historical are essentially forward-looking. Many forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. can be identified by the use of words such as "expects," "plans," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks are detailed from time-to-time in filings with the Securities and Exchange Commission. There is no obligation to publicly update any forward-looking statements. |
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