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CLX Investment Company Updates Shareholders on Dividend Distribution; CEO Provides Brief Company History for Long-Term Shareholders.


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 updated its shareholders on the continued distribution of CLX common stock as part of its recent 1-for-3 dividend. Included in the update was a statement by chief executive officer Tammy D. Dunn, in which she provided a brief history of the company and welcomed shareholders who owned stock in CLX when it was an oil and gas exploration firm and who were unaware of the recent activities of the company as an investment fund.

"After receiving feedback from a number of long-term shareholders, many of whom had originally invested in CLX as far back as the late 1970s when it operated under the name of Calvin Exploration Company, Inc., we felt that it was important to provide a brief history of how the company came to be CLX Investment Company," said Ms. Dunn. "We also wanted to reiterate re·it·er·ate  
tr.v. re·it·er·at·ed, re·it·er·at·ing, re·it·er·ates
To say or do again or repeatedly. See Synonyms at repeat.



re·it
 for the benefit of those shareholders and anyone else interested in CLX the recent milestones we have achieved and how we intend to provide ongoing return for the company's shareholders."

CLX was originally incorporated on December 12, 1977 in the state of Colorado as Calvin Exploration Company, Inc. Its focus was to engage in on-shore oil and gas exploration, development and production in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. , concentrated primarily in Colorado, Kansas, Oklahoma Kansas is a town in Delaware County, Oklahoma, United States. The population was 685 at the 2000 census. Geography
Kansas is located at  (36.202423, -94.795122)GR1.
 and Wyoming. In 1993, the company's name was changed to CLX Energy, Inc., and it continued to seek the acquisition, exploration, development and operation of oil and gas properties.

In September 2004, CLX filed with the Securities and Exchange Commission to become a Business Development Company as defined under the Investment Act of 1940. The company changed its name to CLX Investment Company, Inc. to properly reflect the nature of its business and began providing investment capital and management assistance to emerging companies that were judged to be well-positioned for significant growth. The criteria for investment into a "portfolio company" is not only the potential for sustained growth in revenues, but also a specific method by which CLX shareholders would benefit from the increased value of each of its portfolio companies.

"While our current business model is far different from the oil and gas ventures in which many of our longtime long·time  
adj.
Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit.


longtime
Adjective
 shareholders originally invested, we would like to welcome them as shareholders in CLX Investment Company, and we hope that they follow our ongoing progress. Our portfolio companies have now entered the stage where they will provide return back to CLX, and we expect that the amount of return will only increase in future quarters. As the dividend itself clearly indicates, management is committed to providing tangible benefit to our shareholders, and as the return on our investments increases, we will continue to seek methods to pay dividends to investors," added Ms. Dunn.

The company's transfer agent, Transfer Online, expects to receive by the first of next week a list of beneficial owners Beneficial Owner

A person who enjoys the benefits of ownership even though title is in another name.

Notes:
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial
 of the company's stock from the brokerage firms, banks and other applicable institutions whose clients are eligible to receive the stock dividend. Once that information has been received, investors who hold their shares in "street name" will be issued their dividend stock as quickly as possible.

"We again thank our shareholders for their continued patience as the distribution of the dividend unfolds and hope that our longtime shareholders now have a clearer picture of why they received new stock certificates in CLX Investment Company. We further hope that after considering the business strategy, recent achievements and expected future growth of the CLX investment fund, these shareholders will value their positions in CLX and even consider adding additional shares at what we currently believe is an undervalued Undervalued

A stock or other security that is trading below its true value.

Notes:
The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating.
 share price," stated 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.

Its current portfolio contains three significant equity positions, all showing much promise for above-average growth and profitability:

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.

The Company's BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC.

BDC - Backup Domain Controller
 business model is demonstrated in that these holdings provide CLX Investment Company a diversified diversified (di·verˑ·s  and dynamic growth potential and affords CLXN investors a unique opportunity to participate in the future of multiple companies through a single equity investment.

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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Publication:Business Wire
Date:Nov 21, 2005
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