SOURCE: Luxshmi Investments Inc

May 07, 2008 00:07 ET

Luxshmi Investments Inc to Focus on Web 2.0

TACOMA, WA--(Marketwire - May 7, 2008) - Luxshmi Investments Inc (PINKSHEETS: LUXI) announced today that the company will now focus its efforts on developing and or acquiring social networking sites that also have the ability to be accessed via mobile devices.

The company is also pleased to formally announce that Mr. Robin Lee has joined the board to help with the new direction of the company. Mr. Lee has spent the past decade overseeing all aspects of corporate internet networks involved in hardware and software. Some of his duties have included managing web developers, contract developers and support staff.

According to M:Metrics, a leading mobile media authority, senior analyst, Mark Donovan is quoted as follows: "For an increasingly wide audience, social networking sites have become an indispensable part of the digital lifestyle. Nearly every online social networking site has added the ability to connect to these communities with a mobile phone, allowing people to access profiles and share content while they're on the go. With the mobile phone playing a central role in people's social lives, it's only natural that social networking sites are working to bridge the gap between the online and mobile worlds."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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