Lexon Technologies Acquired by Liveplex Co. Ltd.
Poster: SySAdmin
Posted on November 30, 2011 at 6:14:02 AM
Lexon Technologies Acquired by Liveplex Co. Ltd.
- $2,500,000 Subscription Completed -
- Social Networking, Online Games Business Plan to be Implemented -
LA MIRADA, Calif., Nov. 30, 2011 /PRNewswire/ -- Lexon Technologies, Inc. (OTC Bulletin Board LEXO) today announced the completion of the acquisition of the Company by Liveplex Co. Ltd. (a South Korean based online game developer and publisher). Deal terms include an initial investment of $2,500,000 for 6,000,000 new restricted shares of the Company. Further details can be found in the 8-K Filing of November 25, 2011. In addition, the company name will be changed to Social Planet Inc. as soon as practicable.
James Park, now the former CEO of Lexon Technologies stated, "In the best interests of our shareholders, we found what we believe to be the best candidate to acquire our company. Liveplex is a publicly traded company in Korea, has a global presence with their online games, is well funded and has the infrastructure both operationally and financially to execute ambitious growth plans in the United States."
Kali Kim, the CEO of Liveplex stated, "We are excited to implement a business strategy based on social networking, online games launching our proprietary games in the United States, and acquiring companies throughout the world through this public vehicle."
Subject to the deal terms mentioned, the current Directors have resigned from the Board and current management has also resigned as officers of the Company. More details will be provided in subsequent 8-K disclosures.
ABOUT LIVEPLEX CO. LTD.
Liveplex is an online game developer and publisher and is a publicly traded company on the South Korean KOSDAQ market (050120.KQ). Current games include The Invincible, Genghis Khan, Dragona, Grand Fantasia and Weapons of War. In addition, Liveplex owns a leading online game site (Gameclub.com) in the Philippines which to date has approximately 25,000,000 registered users.
SOURCE Lexon Technologies, Inc.
Lexon Technologies, Inc.
CONTACT: Lexon Technologies, Inc., info@lexontech.com
- $2,500,000 Subscription Completed -
- Social Networking, Online Games Business Plan to be Implemented -
LA MIRADA, Calif., Nov. 30, 2011 /PRNewswire/ -- Lexon Technologies, Inc. (OTC Bulletin Board LEXO) today announced the completion of the acquisition of the Company by Liveplex Co. Ltd. (a South Korean based online game developer and publisher). Deal terms include an initial investment of $2,500,000 for 6,000,000 new restricted shares of the Company. Further details can be found in the 8-K Filing of November 25, 2011. In addition, the company name will be changed to Social Planet Inc. as soon as practicable.
James Park, now the former CEO of Lexon Technologies stated, "In the best interests of our shareholders, we found what we believe to be the best candidate to acquire our company. Liveplex is a publicly traded company in Korea, has a global presence with their online games, is well funded and has the infrastructure both operationally and financially to execute ambitious growth plans in the United States."
Kali Kim, the CEO of Liveplex stated, "We are excited to implement a business strategy based on social networking, online games launching our proprietary games in the United States, and acquiring companies throughout the world through this public vehicle."
Subject to the deal terms mentioned, the current Directors have resigned from the Board and current management has also resigned as officers of the Company. More details will be provided in subsequent 8-K disclosures.
ABOUT LIVEPLEX CO. LTD.
Liveplex is an online game developer and publisher and is a publicly traded company on the South Korean KOSDAQ market (050120.KQ). Current games include The Invincible, Genghis Khan, Dragona, Grand Fantasia and Weapons of War. In addition, Liveplex owns a leading online game site (Gameclub.com) in the Philippines which to date has approximately 25,000,000 registered users.
SOURCE Lexon Technologies, Inc.
Lexon Technologies, Inc.
CONTACT: Lexon Technologies, Inc., info@lexontech.com