Pax Clean Energy, Inc.
OTC Bulletin Board : PXCE

March 06, 2009 09:00 ET

Pax Clean Energy Announces Its New Investor and Media Relations Firm

WILMINGTON, DELAWARE--(Marketwire - March 6, 2009) - Pax Clean Energy, Inc. (OTCBB:PXCE) ("PXCE" or the "Company") today announced that it has entered into an agreement with Del Mar Corporate Communications, LLC (DMCC), based in California, to provide investor and media relations for the company.

P.L. Hammond, C.A., President of PXCE, stated, "We are very happy to have DMCC representing our company to broaden investor and industry awareness. Their expertise, focused method of implementing a long-term plan and history of success fits our company philosophy."

Brian Hill, spokesman for DMCC, states, "We are delighted to represent PXCE in its public affairs, and look forward to a long and successful relationship with their management team. The industry PXCE is targeting is in its infancy, yet already showing massive, viral, explosive growth potential. We believe their ideals and efforts driving this intended merger and acquisition of the targeted technology, if successful, will make the world stand up and take notice of an astute, competent, industry leading, product development group. We firmly believe many will be quite delighted and surprised when they see the fruits of all the involved parties' labors."

Pax Clean Energy announced Wednesday, February 11, 2009 it had approved a Letter of Intent ("LOI") towards a merger with a technology company targeting applications in the exploding mobile social multi-media market. The company is developing "new" market breakthrough technologies in mobile video sharing that can be leveraged to revolutionize how mobile video is used across wireless carriers and devices.

This privately owned, stealth-mode, New York based company, is developing a platform technology that is expected to provide multiple solutions and applications to mobile users and wireless carriers world-wide. According to market research house Infonetics, revenue from mobile video services worldwide had been projected to hit US$5.6 billion in 2008, growing dramatically from US$46.2 million in 2005. The merged Company will target this expanding opportunity with its breakthrough technologies.

PXCE is proceeding in accordance with the previously announced Letter of Intent. This technology company has excellent market potential and meets the criteria used for success and risk evaluation by Company management. If PXCE concludes an agreement with respect to this project, a requirement would include the cancellation of all restricted stock held by the current management, resulting in a significant reduction in the outstanding shares of the company.

PXCE will keep shareholders informed on a timely basis as matters develop.

About Pax Clean Energy, Inc.

PXCE is a fully reporting OTCBB company. The Company has sought a technology project with an experienced management team that has had previous success on major U.S. exchanges. PXCE management believes that this is the most important element in developing and marketing a successful project, and moving the company onwards to a major US exchange such as NASDAQ.

About Del Mar Corporate Communications:

DMCC is a San Diego-based Company that engages in a full-spectrum of corporate financial media communications services to North American public companies. DMCC is affiliated with one of the largest Investor Relations networks in the industry. Utilizing the strength of this vast network, DMCC provides a comprehensive roster of services vital to public companies looking to achieve mass exposure for their public offerings, products and services. Unique within this network is the inherent ability to drive consumer demand for the targeted products the companies' clients' offer. This is an essential core offering many IR firms do not effectively address. Del Mar Corporate Communications, LLC will be paid $7,000 a month for a total of $84,000 over the 12 month term of the agreement.

Investor Relations Contact: Toll Free (866) 949-5749 M-F 10AM-10PM EST

Del Mar Corporate Communications, LLC

NOTICE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements". These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as "believes", "expects", "may", "will", "should" or "anticipates", "estimates", or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals, estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.

Pax Clean Energy, Inc.

P.L. Hammond, C.A., President

Contact Information

  • Pax Clean Energy, Inc.
    (250) 655-3776