ZEOX Announces Comprehensive Resolution
February 04 2010 - 11:55AM
Marketwired Canada
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
Zeox Corporation (TSXV:ZOX)
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