Private Sale of Nearly 2.4M Shares of Zenex International Common Stock.OKLAHOMA CITY Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm -- Zenex International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ZENX) is a holding company with one subsidiary company currently, Aduddell Roofing, Inc. Aduddell Roofing is a recognized leader in the United States in the roofing industry. Jerry Whitlock, chairman and owner of Whitlock Packaging Corporation since 1980, announced today that he has negotiated a private purchase with a non-affiliated share holder of Zenex common stock. Mr. Whitlock purchased 2,360,000 shares at current market price. Whitlock Packaging Corporation is the largest contract manufacturer for branded products in the juice industry and has production facilities in California, Georgia, New Jersey and Oklahoma. The company has a total of 1,600,000 square feet in all facilities and employs more than 1,000 production and management personnel. He is also the chairman and owner of Universal Promotions Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and serves on the board of directors of Strategic Food & Beverages, Inc. Mr. Whitlock, who was elected June 7, 2005 as a member of Zenex's board of directors, said that, "In my opinion, Zenex's stock is 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. ." Mr. Whitlock noted that the company's operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. before taxes was $2,556,623 for 2004 compared to $1,678,610 for 2003 -- a 66% increase from the previous year. Mr. Whitlock added this: "I believe that this company's dedicated management has a depth of experience that is unmatched in the field of roofing and waterproofing, and I expect that this commitment will positively reflect Zenex's continuing, substantial long-term growth." Mr. Whitlock also remarked that a key element of Zenex's growth strategy was the strength of its existing customer base, and that those long-term relationships will continue to mature and develop in a mutually, beneficial way. 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. -- This press release contains certain 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. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
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