MLXO authorized is actually 1 billion now.
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INTRODUCTION
This Information Statement is being furnished to the stockholders of Michelex Corporation, a Utah corporation (the "Company," "Michelex," "we", "our," "us" or words or similar import]), regarding an amendment to our Articles of Incorporation that will increase the amount of our authorized shares of common stock from 100 million to one billion.
This amendment to our Articles of Incorporation was unanimously adopted by the sole member of our Board of Directors and the two stockholders who collectively own a majority of the Company's issued and outstanding shares of common stock (the "Majority Stockholders"). Collectively, the Majority Stockholders beneficially own 48,708,360 shares of our common stock or approximately 55.1% of our outstanding voting securities at December 20, 2005, the date of the adoption of the amendment by the Board of Directors and Majority Stockholders (the "Joint Consent"). No other votes were required or necessary to adopt this amendment to our Articles of Incorporation, and none are being solicited hereunder. See the captions "Voting Securities and Principal Holders Thereof" and "Amendment to our Articles of Incorporation and Vote Required for Approval," herein.
The amendment will become effective on the opening of business on February 24, 2006, or a date that is at least 21 days from the mailing of this Information Statement to our shareholders. This amendment to our Articles of Incorporation is the only matter covered by this Information Statement.
APPROXIMATE DATE OF MAILING: February 3, 2006.
The following constitutes the full amendment to our Articles of Incorporation:
ARTICLE III
CAPITALIZATION
The aggregate number of shares which this corporation shall have authority to issue is one billion (1,000,000,000) shares at $0.001 par value. All stock of the corporation shall be of the same class, common, and shall have the same rights and preferences.
REASONS FOR THE ADOPTION"
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