EnXnet, Inc. CEO Purchases 78,900 Restricted Shares of
EXNT
Tulsa, OK,
January 15, 2008 EnXnet, Inc., (OTCBB Symbol: EXNT)
(German WKN# A0HMDW) is pleased to announce EXNT’s
CEO, Ryan Corley, has purchased 78,900 restricted shares directly from the
Company. The shares were purchased at $.40 cents and carry a 144 restrictive
legend. All appropriate form 4’s were filed two weeks ago.
As
previously mentioned in earlier press releases, the manufacturing partners have
taken the necessary steps to increase production capacity from current
levels. These increases have been put
into place in advance of the first orders being accepted because it takes
several months for each production jump to be implemented. This will ensure
that a measured and calculated scale up of production can be managed and
properly implemented going forward. Ryan
Corley specifically highlighted that all the necessary pieces to begin
accepting orders for the Gift Card are now in place. The highly anticipated market rollout of the
Multimedia Gift Card™ is now underway.
Ryan Corley,
CEO of EnXnet, Inc., stated, “I could not imagine a
better time for me to purchase these shares.
EnXnet, Inc. and our partners are now in
position to start accepting orders and deliver the Gift Card to the market. The
rollout of the product is just now beginning!”
This release may include
forward-looking statements from the company that may or may not
materialize. Additional information on
factors that could potentially affect the company’s financial results may be
found in the company’s filings with the Securities and Exchange Commission.
###
EnXnet
Inc.,
Ryan Corley, 918-592-0015
Fax: 918-592-0016
or
For Investor Relations:
Integrated Capital
Partners, Inc
Phone: 908-204-0004