CLX Investment Company Outlines Expected Repayment Schedule from eStrategy Solutions.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 the repayment schedule from its investment into portfolio company eStrategy Solutions. The first payment, which represented approximately 8% of the amount that eStrategy Solutions drew down from the line of credit that CLX provided, was received earlier this month and continued monthly payments will be made to CLX until the full amount, plus interest, has been repaid. "The amount of the monthly payments CLX is scheduled to receive from eStrategy Solutions is expected to increase at regular increments so that full repayment will be achieved in a matter of months," stated Tammy Dunn Dunn may refer to: Places
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 our investment strategy, but it will also allow the company to use that revenue to potentially fund other investments or otherwise expand the capabilities CLX." CLX Investment Company made available to 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, with a draw down line of credit in the sum of $250,000 to fund the launch its new content delivery platform and grow its business. "While we do expect the amount of each payment to increase each month, it is important to note that we still hold a 49% equity position in eStrategy Solutions, and we will ensure that the repayment schedule in no way limits eStrategy Solutions' ability to grow its revenues and further increase its value," added Ms. Dunn. "For any of our investors who may have missed the recent announcement of eStrategy Solutions first repayment of the capital CLX invested, we have loaded a 'News Alert' on the Home page of our website, www.clxinvestments.com. We invite shareholders to visit our site, read this announcement and review all of the other information we have included to explain CLX's business strategy and its commitment to its investors. We hope all of our shareholders are pleased to see how the company's business strategy is already providing return," said 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 Zonda can refer to:
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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