Lexicon United Announces Positive Earnings and Cash Flow for 2nd Quarter

AUSTIN, Texas, Aug. 25 /PRNewswire-FirstCall/ -- Lexicon United Incorporated (OTC Bulletin Board: LXUN) (the "Company"), a financial services holding company, announced today that it had achieved strong revenue growth and profitability and positive cash flow for its fiscal quarter ended June 30, 2010 and dramatically improved results for the first six months of the current fiscal year.  The results include the Company's principal subsidiary, ATN Capital e Participacoes Ltd. ("ATN"), a Brazilian company specializing in debt recovery.

The Company recorded revenues of $1,314,065 in the second quarter of 2010, a gain of more than 41% over the comparable period the prior year.  The Company has also achieved profitability for the second quarter of 2010 and is cash flow positive for both the second quarter and first six months of 2010.

"The achievement of this level of revenue growth, together with profitability and positive cash flow is a significant milestone for Lexicon.  At the same time, we are aggressively pursuing a diversification strategy into the telecommunications industry with our previously-announced acquisition of Pathworks PCO of Florida and other potential acquisitions in that industry," said Jeffrey Nunez, Lexicon's Vice President.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Company's securities, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Lexicon United Incorporated

Lexicon United Inc. is a diversified holding company, whose holdings include companies specializing in collections and credit recovery. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

About ATN

ATN, the Company's principal subsidiary, is engaged in the business of managing and servicing accounts receivables for large financial institutions in Brazil and acquiring portfolios of debt assets for its own account. Revenues are primarily derived from collections related to distressed debt assets. Further information regarding ATN can be found at www.atncapital.com.br

About Pathworks PCO of Florida, Inc.

Pathworks PCO of Florida, Inc. is a provider of HD television, next generation Internet access, and carrier-class telephone services delivered via state-of-the-art fiber to the home networks. Pathworks' unique competitive advantage is its relationship with a major content provider of television, Internet and telephone content and bandwidth. Pathworks contracts with client community associations and planned residential communities to install fiber optic capital improvements at its cost in exchange for designation as the property's exclusive provider of multimedia and telecom services on a long term basis.  Pathworks provides subscribers with access to over two hundred digital channels and world class HD television. Technology service and specialty sales offices are located in Naples, Ft. Myers and Tampa Florida. Contact: Media Relations.

Lexicon Corporate contact: Jeffrey Nunez, Vice President, 512-266-3507.

SOURCE Lexicon United Incorporated