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CLX Medical, Inc. Approves the Share Exchange Agreement to Acquire 100% of the Issued and Outstanding Equity Interests of Doctors TV Network, LLC


News provided by

CLX Medical Inc.

Nov 22, 2011, 12:28 ET

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MIAMI, Nov. 22, 2011 /PRNewswire/ -- CLX Medical Inc. (Pinksheets : CLXM), a Colorado company d/b/a "Stealth Logistics Group" (SLG), a motor freight transport company, announces today that it ratified and closed the share exchange ("Share Exchange") with, and acquisition of, Miami, Florida based marketing and media entity Doctors TV Network, LLC (Doctors-TV). The Share Exchange provides for Doctors-TV's exchange of all of the equity interest of Doctors-TV in exchange for approximately 68% of the capital stock of CLX Medical, Inc. ("CLX Medical"), deliverable following a proposed recapitalization of the capital stock of CLX. CLX initially disclosed the Share Exchange in a form 8-K, file with the Securities and Exchange Commission on November 21, 2011.

Doctors-TV provides media based marketing solutions for businesses of all sizes. The company has media placement agents in major cities, coast to coast, in the United States. Utilizing televisions strategically placed in doctors' office waiting-rooms, Doctors-TV effectively focuses high-value, multimedia marketing packages that maximize the exposure of a businesses or products within precise and strategically selected market. These multimedia packages run for six months and incorporate (i) half minute animated advertisements, which run multiple times per day on the Doctors-TV network, (ii) full color magazines distributed from high traffic retail stores in the same market area, and (iii) unlimited use of Doctors-TV national internet coupon directory, Savings-U-Love.com.

Fredric Durham, CEO of CLX Medical stated, "This is an exciting step in our corporate development strategy. Since the incorporation of Doctors TV Network this year we have reached phenomenal growth and footprints in practically all major cities across the U.S. We are working with the prior CLX team to file the prior financial statements and our audited financials, as well." Mr. Durham continued, "We are on pace this year to achieve about $1,750,000 in sales, and forecast doubling this amount by the end of 2012.  We believe that there has never been a better time to be in the hyper-local media arena, evidenced by the recent IPO's in the social media hyper-local sector."

For more information, visit http://www.doctorstvnetwork.com.

Media Services by: www.MicroCap1.com & www.SmallCap1.com

Safe Harbor Statement

This Press Release contains forward-looking statements generally identified because the context of the statement include words such as CLX "expects," "should," "believes," "intends," "anticipates" or words of similar import. Forward-looking statements are subject to certain risks and uncertainties including the financial performance of CLX, which could cause actual results, performance or achievements of CLX to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.

"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results CLX Medical disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Risks particularly associated with our current business include, but are not limited to the risks associated with our ability to: (i) Complete our proposed recapitalization to meet capital stock transfer terms of the Share Exchange, without which we will be unable to complete the Share Exchange, (ii) generate sufficient revenue to maintain and expand operations and maintain profitability, (iii) obtain additional financing as needed to expand operations, (iv) manage the effects of general economic and business conditions (both generally and in the media marketing-services sector), (v) react to actions of our competitors, (vi) develop new services and markets for our current services, (vii) identify and manage risks in connection with integration of Doctors-TV and other acquisitions (viii) evaluate and effect the level of demand and market acceptance of our services.

CONTACT:

CLX Medical Incorporated

 

Investor Relations

 

888.405.3140 EXT 2

 

[email protected]

SOURCE CLX Medical Inc.

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