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Crystalix Group International Announces Expansion into Australia.


Business Editors

LAS VEGAS--(BUSINESS WIRE)--March 31, 2004

Crystalix Group International's (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: CYXG) executive management team has accelerated its international expansion strategy and will develop new retail locations throughout Australia, beginning in the next 60-90 days. "To this end, Crystalix is in the process of incorporating an Australian subsidiary that intends to develop up to 10 operating units within the next 24 months. Project value is estimated at approximately US$2 million," affirmed Tamer Muftizade, CFO See Chief Financial Officer. , Crystalix's European division.

"The company's short-term and long-term growth plans continue to accelerate ahead of forecast as evidenced by significant new market development in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , Dubai, Turkey and Singapore," stated John J. Lais III, Crystalix chief marketing officer. "CGI's emphasis on international expansion in critical markets throughout the world has been encouraging and management believes the timing is right to enter the very lucrative Australian market. Individuals and corporations are becoming familiar with Crystalix's proprietary 2D and 3D patented and licensed laser technology, development of new revenue channels through licensed products and entertainment channels, building the company's brand and visibility in a rapidly emerging industry," he explained.

About Crystalix Group International Inc.

Crystalix is a leading manufacturer, distributor and marketer of laser subsurface sub·sur·face  
adj.
Of, relating to, or situated in an area beneath a surface, especially the surface of the earth or of a body of water.

Adj. 1.
 engraved en·grave  
tr.v. en·graved, en·grav·ing, en·graves
1. To carve, cut, or etch into a material: engraved the champion's name on the trophy.

2.
 optical-quality glass products. Its principal product is a personalized three-dimensional engraved crystal that features the facial image of one or more persons or other three-dimensional images. As of Sept. 30, 2003, Crystalix had 44 kiosks owned by its marketing partners in retail shopping malls, resorts, promenades, casinos, cruise ships This is a list of cruise ships, both those in service and those that have since ceased to operate. Both cruise ships and cruiseferries are included in this list. (Ocean liners are not included on this list, see List of ocean liners.  and theme parks where its crystals are engraved and sold. Its engraving engraving, in its broadest sense, the art of cutting lines in metal, wood, or other material either for decoration or for reproduction through printing. In its narrowest sense, it is an intaglio printing process in which the lines are cut in a metal plate with a  process involves the use of a high-resolution digital camera, a laser image scanner, and a laser that is configured together by a standard desktop personal computer, using its proprietary software and a Windows operating system operating system (OS)

Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs.
. The laser image scanner converts images from the digital camera, a customer's digital image, or a hard copy photograph into a three-dimensional or two-dimensional digitally formatted image that will be engraved into the center of the crystal by the laser.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Such statements can be identified by lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 31, 2004
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