CLX Investment Company Announces First Repayment from eStrategy Solutions Portfolio Investment.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 the company has received the first repayment from its investment in portfolio company, eStrategy Solutions. The payment begins what will be regular monthly repayments on the draw down line of credit that CLX provided to fund the growth of eStrategy Solutions. "Since CLX elected to become an investment fund last year, achieving return on our investments has been a primary focus of its business strategy," said Tammy Dunn, chief executive officer of CLX Investment Company. "The fact that eStrategy Solutions is now making scheduled repayments on the line of credit that it used to launch its new content delivery platform and grow its business to the point of profitability, is a clear validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of CLX's effectiveness as a business development company and proof that its strategy works. "Even more important for CLX shareholders is that the company will continue to facilitate the growth of its portfolio investments so that the return they provide will translate into greater value for our shareholders, whether through stock appreciation, dividends or the launch of certain portfolio investments as stand alone public companies. CLX has created a template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the for how it will develop its investments, and CLX's other portfolio companies, ActionView International and Zonda, Inc., are currently following this example. We expect that the public markets will see these two companies reach quantum growth in revenues and greatly increase the portfolio value of CLX," stated Ms. Dunn. In addition to repayment of the draw down line of credit plus interest, CLX also holds a 49% non-dilutive position in eStrategy Solutions, which ensures ongoing cash distributions to CLX as eStrategy Solutions continues to perform and grow revenues. "We expect eStrategy Solutions to capture a greater share of the online continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). , proctored exam and license renewal exam market state affiliated boards and agencies in Texas. With significant potential for expansion into other state and national Internet-based learning markets, the full potential for CLX's ongoing equity interest in eStrategy Solutions to return even greater value to CLX has not been realized, but CLX will continue to support the development of this portfolio investment," continued Ms. Dunn. "In addition to the importance of CLX receiving repayment from its first portfolio investment, management will continue to highlight to the investment community that CLX is extremely well-positioned for 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. growth and stock appreciation. With no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. or liabilities on its books and three solid, revenue generating portfolio investments, there should be few legitimate forces that would keep CLX from experiencing a greater per share stock value as the value of its assets grows. While market forces cannot be predicted, our stockholders should be aware that CLX management will make it a priority that the company's stock price reflects the true value of our investment portfolio," 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 (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. 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 Investment's 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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