TEMECULA, Calif., March 17, 2005 (PRIMEZONE) -- CLX Investment Company (OTCBB:CLXN) today announced that portfolio investment company, eStrategy Solutions, an e-learning and cost recovery solution provider, has been engaged to deliver three training courses for the Texas Health Care Association, a group that represents a broad spectrum of long-term care providers and professionals across the state.
eStrategy Solutions has initially been tasked with developing three online training courses, Medicare/Medicaid, Ethics and Title VI. The Texas Health Care Association represents providers of long term, rehabilitative and specialized health care services. Member facilities, owned by both for-profit and non-profit entities, include nursing facilities, specialized rehabilitation facilities, and assisted living facilities.
John Matthews, President of eStrategy Solutions, commented, "We continue to expand our reach into this market by servicing agencies that require cost-effective and secure content delivery solutions to meet their continuing education needs. The future of this type of training is clearly electronic, replacing inefficient face-to-face and paper-based programs. As we successfully deliver more courses and build our client base within the state of Texas and other target markets, we anticipate quantum growth in both users and revenues."
In February 2005, eStrategy Solutions expanded its server operations to accommodate over 2 million new users. The upgraded system encompasses new digital reporting features, multimedia capability and integrated authoring tools that adapt to new Macromedia enhancements. Through this new platform, the courses can deliver any type of multimedia content as well as highly specific required continuing education at higher speeds nationwide.
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.
To sign up to receive information by email directly from the Company when new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.clxinvestments.com/email.asp.
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.