SOURCE: Nyxio Technologies Corporation

Nyxio Technologies Corporation

July 21, 2011 07:00 ET

Nyxio Technologies Corporation Closes Share Exchange Agreement and Updates Trading Symbol to NYXO

Company Ramps Up in Readiness for Growth and Launches New Website

PORTLAND, OR--(Marketwire - Jul 21, 2011) - Nyxio Technologies Corporation (OTCBB: NYXO) (formerly (OTCBB: NYXOD)) ("Nyxio" or the "Company") is pleased to advise that effective July 5, 2011, Nyxio Technologies Corporation, a Nevada corporation (the "Registrant") closed a voluntary share exchange transaction with Nyxio Technologies Corporation, an Oregon corporation ("Nyxio"). From and after the Closing Date, our operations consist of the business and operations of Nyxio. Effective immediately, the Company now trades on the Over the Counter exchange (OTC) with the symbol NYXO.

Nyxio is an electronics company with certain intellectual property rights related to hardware and software. The Company develops and provides pioneering technology for the consumer electronics market at a reasonable cost within an integrated solutions platform. Nyxio is determined to become a leading-edge driver and developer of technology across a wide range of vertical markets that include retail, education, and consumer distribution. Nyxio strives to reduce the overall environmental footprint of end users by consolidating key hardware into more efficient devices such as the VioSphere Smart TV, Nyxio's flagship product, an innovative flat screen TV with an integrated built-in personal computer.

Nyxio is dedicated to bringing revolutionary designs to market across a wide range of products that include Tablet PCs, All-in-One PCs, Smart TVs, and groundbreaking concepts like the proprietary Venture "Mobile Media Viewers" ("VMMV"). The Company's development process identifies technological deficiencies within the consumer electronics market and aims to develop product offerings that provide creative solutions.

The Company has identified several key objectives for growth over the next five years and beyond. These include:

  • Execute plans for expansion into other market sectors including Video Game, Educational Toys, Mobile Phone, Healthcare and Digital signage.
  • Develop Partnerships and Acquisitions -- branching out into other industries and markets, increasing capacity to develop innovative products that will drive market expansion aims, as well as enhance R&D processes.
  • Continue to determine competitive strategies, organizational management, and divisional structures for the Company's roadmap for growth.
  • Nyxio is dedicated to innovative product development and quality assurance, which will serve as a key factor of measurement of success.
  • Increase market penetration using target segmented marketing strategies aligned with regional distributorships and key affiliate sales relationships.
  • Consistently deliver consolidated, innovative products designed to become an essential part of the consumer's everyday lifestyle.

In related news, Management is pleased to announce the launch of its new corporate website at: www.nyxiotechnologies.com.

The Exchange Agreement contains customary representations, warranties, and conditions to closing. Additional details regarding the Company, its business and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.nyxiotechnologies.com.

About Nyxio Technologies Corporation (OTCBB: NYXO)
Nyxio is fast becoming a leading-edge driver and developer of technology for the consumer electronics industry. Nyxio focuses on identifying technological deficiencies in the marketplace and develops reasonably priced, creative solutions ahead of the innovation curve. Through the consolidation of key hardware components, Nyxio strives to improve operating efficiencies and to reduce the overall environmental footprint of end users. For more information visit: www.nyxiotechnologies.com.

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. Actual results could differ from those projected in any forward-looking statements due to numerous factors. 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 factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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