Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company"), a plastic manufacturing company and an audio record production group announced that it was successful in purchasing the manufacturing line that produces the 5.2mm ultra slim CD jewel Box. It took delivery of this line at its Massena, New York facility last month. The installation process is ongoing and it is anticipated that production will commence next month. As previously stated, this production line is expected to increase revenues by up to $300,000.00 per month.
Michelex also announced that it restarted production in its New York facility on July 10, 2006 and has been recalling former employees. The response from customers has been positive and as a result, a third shift was implemented on 7/24/06 to meet customer delivery expectations.
The Company intends to put out a press release in the near future to update its shareholders on the status of their financials and progress it is making to get it re-listed on the OTCBB.
Michelex Plastics -- Founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products -- Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers