Chicago Map Corporation Goes Public; Reverse Merger With Rexford, Inc.

CHICAGO--(BUSINESS WIRE)--April 1, 1999--Chicago Map Corporation announced today the approval by its Board of Directors and existing shareholders of its intent to become a public company through a reverse merger with Rexford, Inc. (RXFD), a publicly-owned corporation. Chicago Map designs, develops, produces, markets and licenses geographic digital map technology.

Under this transaction, which was approved March 26, 1999 by the Board of Directors of both companies, Rexford will effect a 1 for 70 reverse split of its 70,000,000 shares and exchange 10,500,000 newly issued shares to acquire all the stock of Chicago Map.

The transaction is subject to approval by the shareholders of Rexford. The Board of Directors of Rexford have agreed to and will prepare and file with the Securities and Exchange Commission (SEC) a preliminary information statement including a notice of special meeting of its stockholders relating to the approval of this transaction. The merged company will be renamed Lexon Technologies, Inc.

"Building on our record of consistent growth over the past nine years, we feel that this agreement with Rexford will offer us the best corporate structure for raising working capital in the future as we expand our market presence.", said Steven J. Peskaitis, President of Chicago Map Corporation.

The reverse split will be effected on or about April 23, 1999. Rexford's stock is traded over the counter. One firm, ACAP Financial, Inc., makes the market for Rexford, Inc. stock.

Note: Any statements released by Chicago Map and/or Rexford that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and Investors are cautioned that forward-looking statements invoke risk and uncertainties which may affect Chicago Map's and/or Rexford's business prospects and performance. This includes economic, competitive, governmental, technological and other factors.

Chicago Map Corporation is an innovation leader in the development of mapping technologies used extensively in consumer and commercial map software packages. The Company's products include basic mapping programs, Internet applications, advanced GIS (Geographical Information Systems), GPS (Global Positioning System) navigation, IHS (Intelligent Highway Systems) and other geographic based software. Map development tools enable programmers to create custom mapping solutions for multi-platformed visual environments. Additional services offered by CMC include GIS consulting, training and custom programming.