SEOCHO-KU, SEOUL, Korea, Sept. 8, 2005 (PRIMEZONE) -- Allixon International Corporation (Pink Sheets:AXCP) received information this morning that an unsolicited e-mail urging investors to invest in the securities of Allixon International Corporation has apparently been circulated by unknown persons without the knowledge or consent of the Company. According to the spam e-mail, investors were encouraged to purchase the stock of Allixon International Corporation because it would reach certain identified price targets.
Allixon International Corporation did not know about this communication and did not authorize it. The Company disclaims the full content of the spam e-mail. In no event should any person consider that e-mail or any other communication which contains any projections or promises regarding potential future market value of its securities, to be an authorized communication by or on behalf of Allixon International Corporation, or to be reliable as accurate. The Company does not and will not make any predictions as to the future value of its securities, and disclaims any and all knowledge about, or responsibility for, any unauthorized communication which is circulated without management's knowledge and consent.
Mr. Lee, CEO of Allixon International Corporation, "Our legitimate news releases are always clearly identified as published by the Company, always include warnings to investors, and never discuss predictions about the future performance of our stock. Despite the fact that we are not a company which is required to report under the Securities Exchange Act of 1934, we have taken pains to post voluntary disclosures about our company so that investors in our securities can be informed about developments affecting our company." Lee added: "We believe our progress is exciting and newsworthy. But we do not use or endorse spam e-mail or unsolicited faxes as a means to `tout' our company to potential shareholders. We do everything in our power to create a strong relationship between our shareholders and management based upon open and lawful communication, and we hope these illegitimate communications will not erode the confidence that our shareholders have shown in our company."
For further information regarding Allixon International Corporation corporate governance practices please visit the Investor Relations section of our website www.allixon.com under Corporate Governance.
About Allixon International Corporation
Founded in 2003, Allixon is a leading provider of RFID Middleware and Mobile Internet solution for device computing. Allixon combines its products, expertise, partnerships and integration capability into solutions for a wide range of device computing applications, including RFID Middleware and m-banking solution. Allixon's products based on ubiquitous technologies direct companies looking to tap into the wealth of data captured by networked devices such as RFID readers or handhelds to extend the quality of information to any device where they want. The company is headquartered in Soeul, Korea - 3FL. Mijin Bldg., 1474-16, Seocho 3-dong, Seocho-ku, Seoul, 137-868, Korea.
NOTE TO EDITORS: If you would like additional information on Allixon International Corporation, please view our website at www.allixon.com . To receive an Investor Kit or additional information for Allixon International Inc., or to join the company's mailing list, please contact Investor Relations Department by emailing investors@allixon.com or additionally, corporate counsel, Hank Vanderkam at (713) 547-8900.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration.