CLX Medical, Inc. Announces Management Changes in Anticipation of Acquisition Strategy
July 31 2009 - 9:00AM
PR Newswire (US)
MURRIETA, Calif., July 31 /PRNewswire-FirstCall/ -- CLX Medical,
Inc. (Other OTC: CLXM) today announced the resignation of the
President/CEO and two members of the Board of Directors in
anticipation of the company pursuing an acquisition to become the
focus of its future operations. The Board accepted the resignation
of President/CEO Steven R. Peacock effective July 20, 2009. On July
22, 2009, the Board appointed Director Bob McCoy to fill the
positions of Interim Chief Executive Officer and Interim President.
Also on July 22, 2009, Directors Jim Bickel and Pat Edgerton
resigned as members of the Board. Bob McCoy is now the sole officer
and director of the company. The management changes were undertaken
in order to prepare the company for the process of an acquisition
transaction. As part of that process, new management will be
appointed to fill the vacated officer and director positions. "I
would first like to thank the members of management who have
resigned for their service to the company," said Mr. McCoy. "While
the company's previous business model did not prove to be
sustainable given current market conditions, the officers and Board
members did all they could to advance the company during their
respective tenures. As the company moves forward with its
acquisition strategy, we will provide information for shareholders
as soon and as frequently as possible." To sign up to receive
information by email directly from CLX Medical, Inc. when new press
releases, investor newsletters, or other information is disclosed,
please visit http://www.clxinvestments.com/email.php. All
statements included in this release, including statements regarding
potential future plans and objectives of CLX Medical, Inc. are
forward-looking statements. Such statements are necessarily subject
to risks and uncertainties, some of which are significant in scope
and nature beyond CLX Medical's control. There can be no assurance
that such statements will prove accurate. Actual results and future
events could differ materially from those anticipated in such
statements depending on many factors. Historical results are not
necessarily indicative of future performance. DATASOURCE: CLX
Medical, Inc. CONTACT: Gemini Financial Communications, Inc.,
Investor Relations, +1-951-677-8073, , for CLX Medical, Inc. Web
Site: http://www.clxmedical.com/
Copyright