TEMECULA, Calif., May 17, 2005 (PRIMEZONE) -- CLX Investment Company (OTCBB:CLXN) today announced that the company filed its Form 10-QSB for the quarter ending March 30, 2005 with the Securities and Exchange Commission.
Shane H. Traveller, chief executive officer of CLX Investment Company, commented, "We are nearing the end of our financial commitment to portfolio investment eStrategy Solutions and expect to see growth in both sales and revenues in the company over the next quarter. eStrategy is positioning itself to be a leader in online continuing education and certification programs and is making inroads in the state of Texas and other target markets.
"In addition to fulfilling our commitment to eStrategy Solutions, we have concurrently initiated the process of identifying potential new investments for CLX and expect to have a letter of intent executed for our next portfolio company within the coming weeks," added Mr. Traveller.
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.