ZEOX Announces Comprehensive Resolution
04 Février 2010 - 7:55PM
Marketwired
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.
Contacts: ZEOX Corporation Michael Shea Chief Financial Officer
(203) 210-5614 mshea@zeoxcorp.com www.zeoxcorporation.com
Zeox Corporation (TSXV:ZOX)
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