ZEOX Corporation

ZEOX Corporation

March 01, 2010 11:59 ET

ZEOX Releases Second Quarter Financial Results

WILTON, CONNECTICUT--(Marketwire - March 1, 2010) - Mr. Garold R. Spindler, Director and Chairman of the Board of ZEOX Corporation, (TSX VENTURE:ZOX) (FRANKFURT:ZED) announces the Company has released its second quarter financial statements for the period ended December 31, 2009. The Company's restructuring process is continuing evidenced by a decreased operating loss. Second quarter 2010 net loss was $494,255 ($.01 per share) compared to $1,159,792 ($.02 per share) for the same period last year. Total assets were $3,951,235 compared to $4,986,155 at June 30, 2009. The reduction reflects returning non-strategic assets back to the seller for discharging for certain liabilities during the current quarter. Second quarter revenues were $192,900 compared to $214,583 for same period last year. We anticipate continued sequential growth of quarterly revenues.

The company has successfully transitioned from a research and development focus to a business model based on exploiting reserves and full scale mining, processing and distribution operations. The Company has developed and is executing its business plan which requires substantial revenue growth.

The Company is committed to providing its shareholders and the investor community with regular updates. As such, the Company will be hosting an investor call on Friday, March 12, 2010 at 12pm Eastern Standard Time. Call details will be posted on the Company website by the end of this week.

Lastly, Zeox Corporation wishes to congratulate the Canadian Women's and Men's Olympic Hockey Team, as well as, all the Canadian and US Olympic athletes. 

For a more complete business and financial profile of the Company, management encourages investors to view the Company's documents posted on www.SEDAR.com and on the Company's website www.zeoxcorporation.com.

On behalf of the Board of Directors

Garold R. Spindler, Director and Chairman of the Board

Legal Notice Regarding Forward-Looking Statements: This news release contains "Forward-Looking Statements" within the meaning of applicable Canadian securities legislation. Forward-Looking Statements are indicated expectations or intentions. Forward-Looking Statements in this News Release include that the Company anticipates sequential growth of quarterly revenues to continue. Factors that could cause actual results to be materially different include that markets may not develop as quickly as anticipated or at all or that productive capacity may not be large enough to handle market demand. Investors are cautioned against placing undue reliance on forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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