SOURCE: Nicaragua Rising, Inc.

June 21, 2010 08:55 ET

Nicaragua Rising to Change Its Name to Ceelox, Inc.

TAMPA, FL--(Marketwire - June 21, 2010) -  Ceelox is a majority-owned operating subsidiary of Nicaragua Rising, Inc. (OTCBB: NCRG) (the "Company" or "Nicaragua"). The Company filed an amended information statement on Form 14C with the Securities and Exchange Commission (SEC) today for purposes of changing its name to Ceelox, Inc. Nicaragua acquired a majority interest in Ceelox in a share exchange earlier this year on February 12th. Currently, Ceelox is the only operating entity of Nicaragua. Definitive information on Form 14C will be mailed to shareholders upon SEC approval of the 14C filing. Thereafter, the Company will file to have its name and trading symbol formally changed on the OTCBB, which we expect to occur in the next 45 days.

About Nicaragua Rising, Inc.

Nicaragua Rising, Inc., through its majority-owned operating subsidiary Ceelox, Inc., is a developer of biometric security and encryption software solutions for financial institutions, healthcare companies, utilities, government agencies and other organizations for whom information access are key concerns. Its security and encryption tools are easy to deploy, simple to use, cost-effective and affordable for organizations of all sizes. 

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our Form 8-K filed with the Securities and Exchange Commission on February 12, 2010 and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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