TEMECULA, Calif., Jan. 20, 2005 (PRIMEZONE) -- CLX Investment Company, Inc. (OTCBB:CLXN) today issued a statement regarding the estimated $17.3 billion market potential of e-learning and how eStrategy Solutions, in which the Company holds a 40% interest, is expected to grow and capture a significant percentage of its specific market segment.
In September 2004, a customer advisory forum comprised of top-level human resources and training professionals from major U.S. and international conglomerates released a study of 16 global enterprise e-learning systems. The e-learning market was estimated at $6.8 billion and expected to grow to $17.3 billion by 2008. Users employed by the Fortune 100 companies surveyed responded that 98% would choose e-learning once they were exposed to online courses.
John Matthews, President of eStrategy Solutions commented, "The projected market for e-learning is obviously much larger than we can reasonably capture in the foreseeable future, but we have focused our business strategy on a large market niche that has a clear need for low-cost, highly effective e-learning programs. The purchase barriers for smaller organizations are primarily the initial deployment costs and secondarily the capital cost for converting paper courses and effective programs into digital delivery. eStrategy Solutions has proven a new unique sales and pricing model that targets a defined portion of overlooked clients. By focusing on thousands of licensing, regulatory agencies and certificate granting organizations, eStrategy Solutions offers enterprise level software features at low cost, and in some cases no cost, and it further creates a cost-recovery method which produces funds needed to deploy a robust e-learning system.
"eStrategy Solutions has been successful in gaining clients that require mandatory certification programs or continuing education credits for a specific field or profession. An example of this cost-recovery method is at work with the Texas Board of Chiropractic Examiners (CE). This agency chose eStrategy Solutions to host the learning system at no cost, convert the mandatory CE course to an attractive web-based delivery to thousands of chiropractic professionals. The convenience of online secure payment and 24-hour access to courses become a source of savings for the user and eStrategy simply splits the revenue with the agency.
"Another example of how eStrategy Solutions provides new online learning solutions is the courses within the Texas Department of Criminal Justice (TDCJ). Probation officers in Texas are private contractors who require annual re-certification in several subjects. Online training makes sense in such a large state when compared to classroom and travel time. While TDCJ cannot accept direct income, eStrategy Solutions found a way to web-enable required courses into an online tax-deductible expense for the officer. The officer simply pays the discounted government rate through a VeriSign secure eStrategy Solutions portal and receives up-to-date re-certification from their home or office computer instantly."
About the Company
CLX Investment Company elected to be regulated as a Business Development Company pursuant to Section 54 of the Investment Company Act of 1940 on September 13, 2004, and is pursuing a business plan wherein the Company will seek to acquire and invest in developing companies. CLX acquired a 40% interest in eStrategy Solutions (http://www.estrategysolutions.com) on December 7, 2004.
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All statements included in this release, including statements regarding potential future plans and objectives of CLX Investments are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond CLX Investments' 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.