Attached files
| file | filename |
|---|---|
| 8-K - EXOBOX FORM 8-K DATE OF REPORT JANUARY 13, 2010 - Exobox Technologies Corp. | exobox8k011310.htm |
| EX-10.1 - RECESSION AGREEMENT - Exobox Technologies Corp. | ex10-1.htm |
| EX-10.2 - CONSULTING AGREEMENT - Exobox Technologies Corp. | ex10-2.htm |
 |
2121
Sage Road, Suite 200
Houston,
Texas 77056
Phone 713.625.7800
Fax 713.625.7890
|
NEWS
RELEASE
EXOBOX
RESCINDS ACQUISITION OF OIL & GAS ASSETS
HOUSTON, TEXAS (January 19,
2010) – Exobox Technologies Corp. (OTCBB:EXBX) announced today that as
part of its ongoing business focus it has rescinded its October 22, 2009,
acquisition of 17 oil and gas wells located in Ohio and will focus on marketing
its current security software products and the development of its Secure
EnvironmentalizationTM
software.
This
unwinding means Exobox will save almost 20,000,000 shares of common stock it
would have had to issue under the agreement and it eliminates $4.5 million in
debt. In addition, it removes the “cloud of confusion” as to what is
the core focus of Exobox.
“While
the October 22, 2009 transaction was the most expedient option at the time, I
feel that Exobox is now poised to rededicate its efforts as a software
development company and as such should focus on its capital raise for the
development of our Secure EnvironmentalizationTM
software,” said Exobox CEO, Richard Kampa. “Given recent developments and
interest in our technology, we made the decision to concentrate on our original
goal of making Exobox a software company renowned worldwide.”
About
Exobox
Exobox
Technologies Corp. develops information risk management and security solutions
that help organizations protect and recover their most valuable information
assets. It is committed to its vision to create a more secure environment for
the information-centric community through the development of new technologies
and security services. Exobox is headquartered in Houston, Texas. For more
information on Exobox, visit www.exobox.com.
Safe
Harbor Statement: The statements in this release that relate to future plans,
expectations, events, performance and the like are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 and
the Securities Exchange Act of 1934. Actual results or events could differ
materially from those described in the forward-looking statements due to a
variety of factors, including the lack of funding and others set forth in the
Company's report on Form 10-K for fiscal year 2009 filed with the Securities and
Exchange Commission.
Investor
Relations
IR@exobox.com
http://agoracom.com/ir/Exobox
AGORACOM
Investor Relations