SOURCE: Ceelox, Inc.

February 04, 2011 14:29 ET

Company Working With OTCBB to Have "E" Removed From Company's Stock Symbol

TAMPA, FL--(Marketwire - February 4, 2011) - Ceelox Inc. (OTCBB Symbol: CELO, and incorrectly CELOE) (OTCBB: CELO) (OTCBB: CELOE) has been in contact with the OTCBB with respect to its belief that an "E" has been incorrectly placed on the Company's symbol. The OTCBB Daily List states that the Company is late with respect to the filing of its Form 10-K for the year ended October 31, 2010, however, after the Company's acquisition of privately-held Ceelox Inc. in February 2010, the Company adopted the fiscal year end of the acquired company which is December 31st. During 2010 the Company made all of its required quarterly filings on Form 10-Q based on a December 31st year end basis and the Company plans to file its 10-K for the year ended December 31, 2010 on or before March 31, 2011.

The Company is diligently working with the OTCBB to have the "E" removed from its symbol as soon as practicable.

About Ceelox, Inc.

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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