ZEOX Corporation

ZEOX Corporation

February 04, 2010 13:55 ET

ZEOX Announces Comprehensive Resolution

WILTON, CONNECTICUT--(Marketwire - Feb. 4, 2010) - Mr. Garold R. Spindler, Chairman and CEO of ZEOX Corporation (The "Company" or "ZEOX") (TSX VENTURE:ZOX) (FRANKFURT:ZED), is pleased to announce that it has reached a comprehensive resolution to several pending matters:

  • Amended the Advanced Zeolite Supply Agreement with Logician Minerals ("Logician"). The Amendment provides structural and pricing enhancements that has allowed Logician to submit its first purchase order, for delivery in early February, 2010.

  • Dismissal of the lawsuit between Nanostructured Materials Corporation, Zeox Corporation and
    Zeox's previous CEO, LuVerne E. W. Hogg.

  • Zeox Corporation has agreed to return, to Logician, all of its Logician Minerals shares. The value of these shares were written off during the Company's fiscal 4th Quarter, 2009.

"We are very pleased to have these issues behind us. The steps taken allow both companies to benefit from the substantial demand, in Asia, for water treatment", stated Gerry Spindler, Chairman & CEO.

For a more complete business and financial profile of the Company, management encourages interested parties to view the Company's documents posted on www.sedar.com.

On behalf of the Board of Directors

Garold R. Spindler, Chairman and CEO

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

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