TEMECULA, Calif., July 6, 2005 (PRIMEZONE) -- CLX Investment Company (OTCBB:CLXN) today announced that Tammy Dunn has been appointed to the position of Chief Executive Officer and President of the company, replacing Shane Traveller, who will continue to serve as the Company's Chairman of the Board of Directors. A Current Report on Form 8-K has been filed with the Securities and Exchange Commission detailing Ms. Dunn's appointment.
On June 30, 2005, the Company accepted the resignation of Mr. Traveller as the Chief Executive Officer and President of the Company. To fill the vacancies created by Mr. Traveller's resignation, the Board of Directors appointed Ms. Dunn to Chief Executive Officer and President. Mr. Traveller will continue to play an integral role in the Company as Chairman of the Board and will provide stability as Ms. Dunn transitions into her new positions.
"We are pleased to add Tammy Dunn to CLX's management team and believe that her extensive experience and leadership capabilities will be an excellent fit as the Company seeks to build a strong investment portfolio," commented Mr. Traveller. "Ms. Dunn will be responsible for maintaining a strong due diligence process with a serious review of any new investment opportunities that are presented to the Company. In addition, Ms. Dunn is tasked with developing a strong, ongoing market awareness program for CLX Investment Company."
Ms. Dunn has over 17 years of extensive experience serving in both public and private companies, acquisitions and development, mergers, private placements, and working with converting and existing corporations regulated by the Investment Act of 1940. From 2003 to 2005, Ms. Dunn served as vice president of operations at Computer Discount Center, a California based E-commerce corporation. She previously worked as National Marketing Director for Mod Works, Inc., a Florida based aviation corporation specializing in the Mooney aircraft, and as president of iNetPartners, Inc., a California based business development company subsidiary, which operated an Internet automotive portal and web development center. Prior to her experience at iNetPartners, Ms. Dunn served as president of Brand Asset Management Corporation, a California based business development company subsidiary specializing in licensing and franchising.
Ms. Dunn has an extensive education background, which includes studies in marketing and culminated in a certificate degree in language from the Intercultural Institute of Japan. From 1986 to 1988, Ms. Dunn lived in Tokyo, Japan and currently holds a conversational command of the Japanese language.
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 has acquired a total of 49% interest in eStrategy Solutions (http://www.estrategysolutions.com).
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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.