LA MIRADA, Calif., Nov. 23 /PRNewswire-FirstCall/ -- Lexon Technologies, Inc. (OTC Bulletin Board: LEXO) today said it has filed a 10Q with the U.S. SEC for the third quarter ended September 30, 2009, although this pre-dates its reverse merger with Paragon Toner, Inc which occurred October 22, 2009. The 10Q therefore represents financial performance prior to the reverse merger and should not be interpreted as a report of the current operations of Lexon Technologies.

The Company said its first report on its operations, financial results and other activities subsequent to the reverse merger will be presented in the upcoming 2009 10K report.

"In preparation of the reverse merger, Lexon executed a debt cancellation of approximately $760,000 resulting in a net income of $720,042 for third quarter," said James Park, CEO of Lexon Technologies. "Although the income for the quarter is not operational income, it does strengthen our company balance sheet. We believe that a healthy balance sheet is critical to our future company growth. Future filings will also detail how we reduced outstanding liabilities prior to the reverse merger."

About Lexon Technologies, Inc.

Lexon Technologies is an environmentally "Green" company, a manufacturer of recycled toner for laser printers, fax and multifunction copiers. The Company primarily services large retailers and distributors but also has a growing internet division. Lexon has over 350 product lines with product prices generally 30-60% less than original (OEM) toner cartridges. With a product defect percentage of less than 1%, Lexon also offers a 100% guarantee on all of its products.

The company, based in La Mirada, California, (www.ptoner.com), has a 35,000 square foot factory on the premises, 86 employees, and the capacity to manufacture 50,000 cartridges per month and recycles 350 different models of toner cartridges.

Contact:   Martin Lupian
Tel:       714 522 0260
Email:     martin@ptoner.com

SOURCE Lexon Technologies, Inc.

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http://www.ptoner.com