HOUSTON, May 22, 2005 (PRIMEZONE) -- Texxon, Inc. ("Texxon") (OTCBB:TXXN) today announced the appointment of Ben Hansel to Chief Executive Officer. Hansel will take over the reins as CEO and Chairman of the Board.
"We are nearing the completion of the V3-Global-Texxon share exchange and are looking forward to transforming Texxon into a spirited competitor in the telecommunications industry," Hansel said. He further stated, "We should get V3 running near its maximum potential shortly after the completion of the merger and then we will continue to move forward, growing the business with several strategic acquisitions."
Hansel is President of Hansel Capital Investments. He has nearly fifteen years' experience in the investment banking and finance industry. Prior to establishing Hansel Capital he was a finance director with the Burt Automotive Group. He graduated from The University of Texas at El Paso with a Bachelor of Arts degree.
About Texxon Inc:
Texxon Inc. is an exploration stage Oklahoma Corporation, with its principal offices in Phoenix.
About V3-Global:
V3-Global (Pink Sheets:VGBL) is a United States Corporation with principal offices in Dallas where it is incorporated and managed by telecom professionals with over 100 years' combined experience. Because of its worldwide presence, V3-Global is able to provide telecommunications solutions that integrate local, long-distance and broadband Internet services on a global scale.
V3-Global is active in Residential Services, Business Services and Software Solutions. The primary business areas include:
1. V3-Global transports and terminates wholesale voice traffic from major carriers with whom it has interconnection agreements, mainly to India, Mexico and Europe Cell.
2. V3-Global provides the network services for pre-paid calling card operators.
3. V3-Global provides network design, implementation and management facilities to other telecom carriers.
4. V3-Global provides billing, Web development and e-commerce development facilities for other businesses and telecom carriers.
5. V3-Global has 500+ seat Call Center in India to handle all back office operations of other corporations, and is looking to add thousands more.
For further information, www.v3-global.com
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.