CLX Investment Company Announces December Payments from Portfolio Investments.TEMECULA, Calif. -- CLX (library, graphics) CLX - The Common Lisp library providing a low-level interface to the X Window System, equivalent to Xlib. Graphics toolkits can be built on top of CLX, e.g. McCLIM, Garnet, CLUE and CLIO. Investment Company, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLXN) today announced that it has received payments from two of its portfolio investments, eStrategy Solutions and ActionView International, in the month of December December: see month. . Each of these portfolio investments were given access to a draw down line of credit, which is to be repaid, plus interest, in a timeframe agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy by the company and CLX. eStrategy Solutions, a Texas-based e-learning (Electronic-LEARNING) An umbrella term for providing computer instruction (courseware) online over the public Internet, private distance learning networks or inhouse via an intranet. See CBT. provider that develops online training solutions for government entities and other professional organizations, began repayment of its credit line in November November: see month. 2005, and ActionView, a global manufacturer and marketer of "smart" scrolling (chat, games) scrolling - To flood a chat room or Internet game with text or macros in an attempt to annoy the occupants. This can often cause the chat room to be "uninhabitable" due to the "noise" created by the scroller. Compare spam. advertising billboards, made its first payment back to CLX this month. "As we stressed when eStrategy Solutions made its first payment last month, there are a number of benefits to CLX with each payment received from its portfolio investments," said Tammy Dunn, chief executive officer of CLX Investment Company. "Obviously, the payments provide cash flow to CLX that can cover expenses and other costs associated with the operation of the company and limit the need for the company to raise capital to cover these costs. The monies received can also be re-allocated elsewhere in the portfolio if there is a need or be used to make additional investments that the company may contemplate in the future." In addition to regular repayment of the lines of credit CLX provides to its portfolio investments, the company also maintains an equity position in each of its portfolio companies. "We strongly believe that our 49% equity position in eStrategy Solutions and the common stock that we hold in ActionView International will bring significant value to CLX in the future. Both of these companies are executing expansion strategies that we expect will successfully increase revenues and their value for the CLX portfolio. eStrategy Solutions could become a highly attractive acquisition candidate for large e-learning companies, especially as its online content delivery solutions expand beyond the state of Texas and into national markets. ActionView's growth in China and other emerging markets has the potential of increasing the value of CLX's stock position several times over. Clearly, both of these investments are positioned to provide significant return to CLX and its shareholders," stated Ms. Dunn. "Beyond these two portfolio investments, we expect that our 20% position in Zonda Inc. will begin to return value in the very near future and that it also has immense potential as a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. CLX investment," added Ms. Dunn. To sign up to receive information by email directly from CLX Investment Company when new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.clxinvestments.com/email.asp. 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 where·in adv. In what way; how: Wherein have we sinned? conj. 1. In which location; where: the country wherein those people live. 2. 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 privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that specializes in test products that serve the medical diagnostic, bacterial bacterial /bac·te·ri·al/ (-al) pertaining to or caused by bacteria. bacterial pertaining to or caused by bacteria. bacterial adhesiveness see adhesins. 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 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. . 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. |
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