ZEOX Corporation
TSX VENTURE : ZOX
FRANKFURT : ZED

ZEOX Corporation

November 24, 2009 08:05 ET

ZEOX Provides Shareholder Update

WILTON, CONNECTICUT--(Marketwire - Nov. 24, 2009) - ZEOX Corporation (the "Company" or "ZEOX") (TSX VENTURE:ZOX)(FRANKFURT:ZED), is pleased to provide the following Shareholder Update.

  • The Company wishes to announce that upon the successful completion of the previously announced Private Placement, merger discussions with Imagin Minerals will commence with a targeted closing of April 30, 2010. This will allow time for negotiations, shareholder presentations and a shareholder vote.

  • The Company also would like to state that there will be NO reverse stock split in connection with the merger.

  • The Company is finalizing its first quarter financial statements which will be filed on time.

  • The Company anticipates closing the Second Tranche of its Private Placement on November 27, 2009.

"Progress continues to be made. We are close to the targeted cost structure that will allow for profitability with increased revenues. Again, I would like to thank shareholders for their continued support and look forward to the next investor call" commented Mr. Spindler.

For a more complete business and financial profile of the Company, management encourages interested parties to view the Company's documents posted on www.sedar.com.

On behalf of the Board of Directors

Garold R. Spindler, Chairman and CEO

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

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