TEMECULA, Calif., June 23, 2005 (PRIMEZONE) -- CLX Investment Company (OTCBB:CLXN) today announced that portfolio investment eStrategy Solutions, an e-learning provider, has entered into an agreement with the assessment center of a major community college based in Austin, Texas whereby the college will provide testing centers to be used for professional certification examinations throughout the state.
The agreement positions eStrategy Solutions to enter the estimated multi-million dollar proctoring market and is expected to provide a significant secondary revenue stream for eStrategy Solutions beyond its primary focus in the e-learning market.
Under terms of the agreement, the college will not only provide locations for proctored professional examinations at its own facilities, but it will also be assisting eStrategy Solutions in securing contracts for testing capacity at additional colleges across the state of Texas. The testing centers must be approved by eStrategy Solutions and meet the highest standards for proctored examination locations, which includes access for disabled persons, an approved proctor to time and monitor the exams, and reserved, pre-allocated times to administer the exams.
John Matthews, President of eStrategy Solutions, commented, "We now have an ideal partner for eStrategy Solutions as we begin to service the thousands of potential licensees who must pass examinations to be certified by Texas state boards and associations. With a state as large as Texas, there is a growing need for suitable proctored testing facilities for professional examinations over a wide geographic area. While certifications and continuing education can often be accomplished through online programs, such as those eStrategy Solutions currently offers, there is a tremendous ancillary market for exams that require the capacity to host large numbers of test takers and qualified proctors to oversee the administration of these exams. Our agreement provides eStrategy Solutions with another large market in the state of Texas, and we expect to continue to pursue similar opportunities both here and across the United States."
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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