Allixon Completes and Submits Its U-City Interim Report for the National Computerization Agency's Project Sponsored by Korean Government


SEOUL, Korea, Oct. 21, 2005 (PRIMEZONE) -- Allixon International Corporation (Pink Sheets:AXCP) announced today that it has completed and submitted the U-City Interim Report for the National Computerization Agency (NCA)'s project. The focus for this project report was the study of Application Service Models (Korean Government Project) for u-City that commenced in the Third Quarter 2005.

This report contains the full effort of allied industry, government and civil experts for the development of u-City application services, related technology, and research for related regulations. Allixon's final version of reporting on this project will be published in November 2005.

Since its establishment in 1987, NCA sowed the first seeds in an information barren land starting with the construction of the National Basic Systems (NBIS) and has for the past 18 years, continued in its efforts to solidify the foundation upon which Korea could transform itself into a country competitive in knowledge and information based applications, RFID is just a small part of those applications being reviewed today.

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 solutions 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 where they want. The company is headquartered in Seoul, Korea -- 1564-1, Seojin Bldg. 3FL., Seocho3-Dong, Seocho-Gu, Seoul, Korea 137-868.

NOTE TO EDITORS: If you would like additional information on Allixon International Corporation, please view our website at www.allixon.com. To receive an investor kit or additional information for Allixon International Corporation, or to join the company's mailing list, please contact Investor Relations Department by emailing investors@allixon.com, or Robert Collard at Select Equities, Investor Relations at (407) 304-4701.

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 belief 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.



            

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