Printer Friendly
The Free Library
14,716,498 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 29, 2005
Words:666
Previous Article:Boliden Starts Winding up Staff Stock 0ption Plan.
Next Article:Multi-State Income Taxes Filed Online with Federal Returns Is New Feature of TaxBrain.com 2006.
Topics:



Related Articles
CLX Investment Company Issues October Investor Newsletter.
CLX Investment Company Announces First Repayment from eStrategy Solutions Portfolio Investment.
CLX Investment Company Outlines Expected Repayment Schedule from eStrategy Solutions.
CLX Investment Company Updates Shareholders on Dividend Distribution; CEO Provides Brief Company History for Long-Term Shareholders.
CLX Investment Company Announces eStrategy Solutions Launch of Probation Training Website.
CLX Investment Company Files 10-K Annual Report.
CLX Investment Company Releases January Newsletter Reviewing Progress in 2005.
CLX Investment Company Announces Doubling of Monthly Revenues from eStrategy Solutions from Online Courses.
CLX Investment Company Files Quarterly Report with Financial Results; Form 4 Filed on CEO Stock Purchase.
CLX Investment Company Announces Portfolio Investment ActionView International Profiled in Equities Magazine.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles