F.GEMS: MICROS to GO!...

[Francois+Goelo]

¶ NLXI is $1.3 million richer...

and seeking a merger...

ELX, Inc. Reports Sale of Roane County Oil Field

LAKEWOOD, Colo., May 16 /PRNewswire/ -- NELX, Inc.
(OTC Bulletin Board: NLXI) reports the successful consummation of the sale of
the Roane County, West Virginia, oil field to the firm of Buffalo Properties,
LLC for a net gain of $1,300,000.00.
This sale is a result of the action reported in March of 2000 where
Applied Mechanics Corporation of West Virginia had previously transferred all
right, title and interest to NELX for the sum of $1.00.
The Board is now in the process of looking for additional opportunities to
enhance the value of the company.
A separate 8-K will be filed regarding this announcement.

NOTE: PR Newswire and the SEC web site are the only sources of information
authorized and utilized by NELX, Inc.

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SOURCE NELX, Inc.
-0- 05/16/2001
/CONTACT: Denis Iler, Secretary of NELX, Inc., 303-232-1926,
[e-mail]/
(NLXI)