Alexium International Receives Purchase Order From New Client

May 11, 2015 7:01 AM ET
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Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of listed companies across the globe daily. We are one of the fastest growing financial media portals in the world. The group also operates hugely successful “investor forums” where three or four companies present to an audience of high net sophisticated investors, fund managers, hedge funds, private client brokers and analysts. Ian Mclelland founded Proactiveinvestors in 2006 as a way to channel his own views on companies small and mid-cap public companies. What started as a hobby quickly turned into a full time job as the website's readership exploded. One2One forums were added later in 2006, and within two years the company had expanded its operations into Canada and Australia. In 2009 the company expanded into Germany and finally into the US in 2010. Proactiveinvestors is now one of the fastest growing global financial media organizations in the world receiving more than one million visitors per month, with investor forums held across the globe on a regular basis.

Alexium International Group (ASX:AJX, OTCQX:AXXIY) has received a considerable purchase order from a new customer in the home furnishings market.

Over the past few months, Alexium has worked with a new customer to perform multiple short production-scale trials at the customer's facility using Alexium's Alexiflam chemistry, a process that has resulted in exceptional performance results.

Alexium has received a purchase order to run a substantial amount of yardage to confirm those results on a larger scale prior to a full commercial launch of the product.

Upon the expected confirmation of those results, Alexium expects this to be a valuable relationship for both parties, generating between $3M and $10M annually in revenues to Alexium.

Nicholas Clark, CEO of Alexium, said: "We are continuing to generate strong interest in the commercial sector markets and this opportunity with a major US company in the home furnishings arena will help cement Alexium's reputation for environmentally friendly, performance based, durable and cost effective Fire Retardant solutions."

On completion of contract negotiations and firm pricing, Alexium will provide a further update on this opportunity to the market.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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