Published:
CLX Investment Company Announces Appointment of Chairman Robert McCoy as Interim CEO
Board Cites Streamlining of Organizational Structure as Impetus for Management Change
CLX Investment Company, Inc. (OTC BB: CLXN), a
diversified investment fund, today announced that the Board of Directors
has appointed chairman Robert McCoy to serve as interim chief executive
officer, replacing Tammy D. Dunn, whose contract was not renewed by the
Board.
"CLX has reached the point at which oversight of its portfolio companies
will be best managed at the Board of Directors level," commented Mr. McCoy.
"With a quality pipeline of new investment opportunities established
through CLX's association with the Keiretsu Forum, the largest angel
network in the United States, the Board decided to streamline management to
operate in a more efficient and cost-effective manner.
"We would like to thank Tammy Dunn for her service to the company and wish
her all the best in her future endeavors," added Mr. McCoy.
More information on the change in management is contained in a Current
Report on Form 8-K filed by the company.
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Company when new press releases, investor newsletters, SEC filings, or
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http://www.clxinvestments.com/email.asp.
About CLX Investment Company
CLX Investment Company (www.clxinvestments.com) holds 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. Also in the CLX
investment portfolio is 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.
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.
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