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looks like TXXN is finally reversing in trend.....a lot of volume came in mid afternoon......

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Posts: 433 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
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Texxon Inc. Orders First 500 Upgraded Phones
Tuesday October 17, 11:54 am ET


LOS ANGELES, Oct. 17 /PRNewswire-FirstCall/ -- Texxon Inc. (OTC Bulletin Board: TXXN.OB - News) President Claude Buchert announced that the company is expecting to receive shipment of its first 500 GSM (Global System for Mobile Communications) phones within the next two weeks. The first shipment of new GSM phones will now offer substantial improvements in the company's ability to start and execute its business plan.

Claude Buchert stated, "We are very excited to bring the first 500 GSM phones to market, and feel this opens the doorway to the company's future success and profitability. The phones we used during our beta testing in Japan relied on the CDMA (Code Division Multiple Access) platform, and while they were well received by the market, the two step dialing process proved to be less efficient than our new GSM "one step dial" play.

"Although the change from CDMA to GSM has taken some time, our new GSM phones are superior to the CDMA technology in that we can install our proprietary call re-direction technology directly onto the GSM SIM card, enabling us to work behind the scenes to re-direct calls to our platform for full control of the network and billing components -- or more traditional one- step direct dialing.

"Now we can deploy the new GSM phones back into the same distribution network, and offer a far superior product to our customers, at a significantly higher level of profit for our company.

Because our beta test in Japan successfully opened up multiple channels of distribution, including a local sales force and multiple commercial providers (i.e., travel agencies, rental car companies, publishers, catalog sales, airlines, etc.), we will continue working with the same successful partners to quickly generate sales, both on the reseller side and on the logistics side. Based on our projections, we anticipate that we will start to see revenues within 30-45 days of receiving our new phones.

"Last, but not least, I feel we have given our company one more significant advantage that will increase our level of profitability in the market. We have chosen to purchase OEM phones from South Korea, as opposed to buying refurbished phones from US based recyclers. This way we control our own destiny in terms of product availability, quality, customization, feature consistency, warranty length and, in the long term, price. Also, because our phone applet is highly specialized, going with OEM phones will give our customers much more reliable service."

About our Company:

VocalEnvision (d.b.a. Teleplus Group), a subsidiary of Texxon Inc., is a research and development enterprise creating the next step in wireless content and life-management services. It operates its own telecommunications platforms as an independent operating unit using contracted coverage from the leading international mobile operator providers of services (MOPs). The Company supplies both services and information in over 120 international languages.


Information about the company can be found at http://www.vocalenvision.com

Safe Harbor

Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Texxon Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Texxon Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.


For investor relations information, contact:
Gabe Sandler
Sandler Communications Inc.
Phone: 866-772-0118
Email: info*sandlercommunications.com

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