Xenolix Technologies, Inc. Announces
Agreement with Franklin Lake Resources, Inc.
HENDERSON, Nev., Jan 29, 2004 (BUSINESS WIRE) -- Xenolix
Technologies, Inc. (Pink Sheets:XTCI) is pleased to
announce that they have reached an agreement with
Franklin Lake Resources, Inc. concerning the sale of
assets and technology by Xenolix to Franklin. The
settlement was made in the best interests of both
companies, to prevent costly and time consuming legal
proceedings. Both companies have agreed to renegotiate
the original contract dated April, 2002 with the terms
amended as follows: Franklin will give Xenolix 600,000
shares of its common and stock and 600,000 warrants with
a price of $.30, expiring on June 30, 2004.
All inquiries can be made through the offices of
Xenolix Technologies, Inc. at 701 North Green Valley
Parkway, Ste 200, Henderson, NV 89074.
SOURCE: Xenolix Technologies, Inc.
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