SOURCE: CLX Investment Company, Inc.

February 08, 2007 09:25 ET

CLX Investment Company Announces Appointment of Pat Edgerton to Board of Directors

TEMECULA, CA -- (MARKET WIRE) -- February 8, 2007 -- CLX Investment Company, Inc. (OTCBB: CLXN), a diversified investment fund, today announced that its Board of Directors has accepted the resignation of Arthur Stone from the Board and has appointed Patrick Edgerton to fill the vacancy created by Mr. Stone's resignation. Mr. Edgerton, who agreed to serve a twelve-month term on the Board, will also function as chairman of the investment committee and as a member of the audit committee.

The Board changes are detailed in a Current Report on Form 8-K filed with the Securities and Exchange Commission.

Mr. Edgerton, a management professional with almost 30 years of experience in a variety of business settings and extensive experience in the food and drug sector, owns and has served as president and CEO of Edgerton Consulting since 1997. Edgerton Consulting provides consulting for business solutions in finance, marketing, acquisitions, corporate restructuring, and general business practices.

Since February 2006, Mr. Edgerton has served as chairman of Zonda's Board of Directors. Previously, he functioned as chief executive officer of Sun Drug, Inc., a retail drug business. From 1984 to 1997, Mr. Edgerton served in a variety of management positions for McKesson Corporation, a Fortune 15 healthcare services and information technology company, culminating in the position of vice president of national accounts. In this role, Mr. Edgerton managed customers purchasing in excess of $1 billion annually and called on major food and drug chains to secure new business.

"We thank Mr. Stone for his service to the CLX Board and are pleased to add Mr. Edgerton to serve as a Director," stated Robert McCoy, chief executive officer of CLX. "Mr. Edgerton's long and successful business experience, especially in the medical sales industry with McKesson Corporation and Sun Drug, makes him an ideal candidate to serve on the Board as we focus on the continued growth of Zonda, Incorporated."

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About CLX Investment Company

CLX Investment Company (www.clxinvestments.com) holds a 31% equity interest in Zonda, Inc. (www.zondaincusa.com). CLX has also 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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