CLX Investment Company Reports First Revenues From eStrategy Solutions Online Course for Texas Engineers
Posted on: Thursday, 27 April 2006, 09:00 CDT
CLX Investment Company, Inc. (OTC BB: CLXN) today announced that portfolio investment eStrategy Solutions (www.estrategysolutions.com), an e-learning provider, has received the first revenues from its recently launched online course for the Texas Society of Professional Engineers, one of the largest state societies in the United States. The course began accepting paying users earlier this month.
The online course, which fulfills the annual ethics requirement for licensed engineers, is being made available by the Texas Society of Professional Engineers (TSPE) for its members and all of the approximately 50,000 licensed engineers in the state.
"The continued increase in revenue generating courses for eStrategy Solutions is just another reason that we are expecting significantly increased portfolio value for CLX as its investments grow and fulfill their respective business plans," said Tammy D. Dunn, chief executive officer of CLX Investment Company. "We have previously discussed how eStrategy Solutions revenues have grown each month and repayments to CLX are being made according to an agreed upon schedule. These repayments provide capital for CLX and establish a precedent for the larger return that we look forward to as eStrategy Solutions and our other portfolio investments fully develop into robust, highly successful businesses that return value for CLX and its shareholders."
The Texas Society of Professional Engineers (www.tspe.org), an affiliate of the National Society of Professional Engineers (www.nspe.org), was founded in 1936 to serve the interests of the individual engineer in Texas across all branches of engineering. Composed of 27 local chapters and eight student chapters, TSPE is the only active, established organization devoting its entire effort to the professional, ethical, economic, social and political aspects of engineering.
"We are pleased to have the assistance of the TSPE in marketing this ethics course targeted to its membership and all engineers in Texas," commented John Matthews, president of eStrategy Solutions. "It is our hope that a large percentage of engineers find that fulfilling their ethics requirement online is highly convenient and provides a flexibility not available with more antiquated methods of learning."
To sign up to receive information by email directly from CLX Investment Company when new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.clxinvestments.com/email.asp.
About CLX Investment Company
CLX Investment Company (www.clxinvestments.com) holds a 31% equity interest in Zonda, Inc. (www.zondaincusa.com), a privately held company that specializes in test products that serve the medical, bacterial food safety, cosmetic, beverage, pharmaceutical, veterinary, and environmental sanitation testing markets. Also in the CLX investment portfolio is a 49% interest in eStrategy Solutions, Inc. (www.estrategysolutions.com), a Texas-based e-learning provider that has developed online training solutions for government entities and other professional organizations. CLX has invested, and holds a common stock position, in ActionView International, Inc. (www.actionviewinternational.com), a publicly traded global manufacturer and marketer of "smart" scrolling advertising billboards.
CLX has elected to be regulated as a Business Development Company pursuant to Section 54 of the Investment Company Act of 1940, and is pursuing a business plan wherein the Company seeks to make investment in developing companies with the goal of providing return for its shareholders.
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.
Contact: Gemini Financial Communications A. Beyer 951-587-8072 Contact via http://www.marketwire.com/mw/emailprcntct?id=041B017AD19E19A5
SOURCE: CLX Investment Company, Inc.
Source: MARKET WIRE
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