SEOCHO-KU, SEOUL, Korea, Sept. 30, 2005 (PRIMEZONE) -- Allixon International Corporation (Pink Sheets:AXCP) is pleased to announce that it was granted venture certification by SMBA (Small and Medium Business Administration). The South Korean government, on an annual basis, grants special benefits to companies like Allixon International who continue to demonstrate innovation and investment within their field of expertise. Additional benefits include the ability for Allixon to apply for new technology development programs within the Korean government.
Allixon's management was quick to point out that while this development is a continued positive step in the right direction for growth in their RFID sector, it does not represent a contract. Other benefits that can have an impact on a company's bottom line is the reduction in various corporate taxes for a specified period of time, and preferential interest and loans for equipment and management from government monetary facilities.
Mr. Lee, CEO of Allixon International Corporation, said "The Small and Medium Business Administration approved Allixon International as a venture company based on Allixon International's commitment to RFID technology and their continued investment for research and development in RFID applications since 2003."
THIS NEWS RELEASE DOES NOT CONSTITUTE ANY OFFER OF ANY SECURITIES FOR SALE.
About Allixon International Corporation
Allixon is a leading provider of RFID Middleware and Mobile Internet solution for device computing. Allixon combines its products, expertise, partnerships and integration capability into solutions for a wide range of device computing applications, including RFID Middleware and m-banking solution. Allixon's products, based on ubiquitous technologies, direct companies looking to tap into the wealth of data captured by networked devices such as RFID readers or handhelds to extend the quality of information to any device anywhere they want. The company is headquartered in Soeul, Korea - 1564-1, Seojin Bldg 3FL., Seocho3-Dong, Seocho-Gu, Seoul, Korea 137-868.
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This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current beliefs and are based upon currently available information. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration.