SOURCE: CLX Investment Company, Inc.

July 10, 2007 09:54 ET

CLX Investment Company Board of Directors Appoints Steven R. Peacock to Consultant CEO Position

Acquisition Target Has Been Identified by the Company

TEMECULA, CA--(Marketwire - July 10, 2007) - CLX Investment Company, Inc. (OTCBB: CLXN) today announced that the Board of Directors has appointed Steven R. Peacock to the position of consultant chief executive officer for the company. Mr. Peacock, managing director of Javelin Advisory Group, a business development and management firm, will be responsible for executing an acquisition strategy designed to deliver value to the company and its shareholders.

CLX has identified an acquisition target that is expected to become the focus of its future operations. At a recent annual meeting, the majority of the holders of the company's common stock approved a proposal to withdraw CLX's election to be treated as a business development company (BDC) pursuant to Section 54(c) under the Investment Company Act of 1940.

Mr. Peacock, who has extensive experience in mergers and acquisition transactions, has been authorized by the CLX Board of Directors to shepherd the company through its transition from an investment fund to an operating company and to facilitate the closing of the acquisition target.

Mr. Peacock has over thirty years of experience in seeking out and identifying emerging growth investment opportunities, both startup companies and work out assignments and is skilled at analyzing management structure and setting up programs for raising capital. He has working knowledge of taking companies through the process of becoming publicly traded, as well as assistance with strategic planning, corporate communications including shareholder relations and internet marketing as well as an extensive background in SEC requirements and filings utilizing a broad network of legal, accounting, insurance, Internet technology and public relations affiliates.

Javelin Advisory Group, www.javelinadvisory.com, specializes in providing management, SEC compliance, accounting, and related services to publicly traded companies. In the course of its work on behalf of client companies, Javelin management will occasionally step in to serve as transitional or interim officers or directors of the company.

"We have hit the ground running with CLX, and the next several weeks should bring additional updates on execution of its strategic acquisition and the continued transition of CLX from an investment fund to a company focused on operations," commented Mr. Peacock. "As with any public company with which we become involved, our primary goal will be to deliver value to shareholders through an acquisition and positioning the company for long-term growth in the public markets."

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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.

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.

Contact Information

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