CeleXx Continues with Restructuring Plans.Business Editors & High-Tech Writers CORAL SPRINGS Coral Springs, city (1990 pop. 79,443), Broward co., SE Fla.; inc. 1963. Largely residential, it is a city that has grown rapidly along with the southern Florida and Fort Lauderdale area. The population of Coral Springs nearly doubled between 1980 and 1990. , Fla.--(BUSINESS WIRE)--Dec. 19, 2001 CeleXx Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLXX) today announced that the Company retained Key West Technologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , to assist management in its continued restructuring efforts and to advise management about strategic opportunities for the Company and its subsidiaries. Key West Technologies, LLC (http://www.keywesttechnologies.com) is an international business and technology consulting firm specializing in cross border technology transfer and market development. Key West Technologies, with its corporate office in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , advises a variety of companies regarding general management, financial matters, market development and technology. The Board of Directors of the Company also announced the election of Lionel Forde, a member of the Board of Directors, as interim Chairman during the restructuring phase, and the termination of the services of Vincent Caminiti as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Company. Additionally, the Board of Directors of the Company announced the engagement of the law firm of Snow Becker Krauss P.C. as its corporate counsel. The Private Securities Reform Act of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements. Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward looking, such as those relating to the Company's management, management consulting agreements, restructuring efforts and business direction. Such forward looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward looking statements. |
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