SEOCHO-KU, SEOUL, Korea, Sept. 14, 2005 (PRIMEZONE) -- Allixon International Corporation (Pink Sheets:AXCP) is pleased to announce that it was selected by the Ministry of Information and Communication (MIC) to complete an RFID-based Access Control System and Strategic Materials Management System for the MIC's RFID business. In the spring of 2005, the National Computerization Agency (NCA) published RFP's for 5 projects to be completed by the following spring 2006.
Allixon was selected for these RFID projects, developing an RFID-based Access Control System and Strategic Materials Management System, to connect the Gaesong Industrial Complex (G.I.C) with the Ministry of Unification (MOU). The Ministry of Unification is responsible for making overall and basic policies for national unification as well as inter-Korean dialogue, exchange and cooperation, integrating and coordinating all the planning there of, providing education on unification, and handling all the other matters related to national unification. The G.I.C mandate has been developed to get mutual economic benefit resulting from combining capital and technology of South Korea, and land and labor of North Korea and reduce economic hardship in North Korea and support for Korean companies.
In this 1 year contract, Allixon will further develop RFID based systems to manage to take in and out strategic materials in "real time", construct the basic system of integrated logistics from Seoul to Gaesong, and simplify the procedure for passengers who plan to go to G.I.C that is owned by North Korea. After this RFID system, the MOU plans to use this system for the tourist industry to North Korea in near future.
Mr. Lee, CEO of Allixon International Corporation, said, "We are pleased to be advancing our RFID based technologies and their practical applications within the Korean government. We hope that these potential gains from our RFID applications will help provide a better understanding within the various governmental organizations the possibilities of RFID technology."
THIS NEWS RELEASE DOES NOT CONSTITUTE ANY OFFER OF ANY SECURITIES FOR SALE.
About Allixon International Corporation
Allixon is a leading provider of RFID Middleware and Mobile Internet solutions 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 -- 1564-1, Seojin Bldg 3FL., Seocho3-Dong, Seocho-Gu, Seoul, Korea 137-868.
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 Corporation, 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.