F.GEMS: MICROS to GO!...

[Francois+Goelo]

¶ NLXI: Merger under way...

NELX, INC. Reports Merger Agreement

LAKEWOOD, Colo., May 25 /PRNewswire/ -- NELX, INC.
(OTC Bulletin Board: NLXI) announces that agreements have been reached with
FS Investments, Inc. ("FSI") and Jacobs & Company ("J&C") regarding the
acquisition of FSI and J&C by NELX. FSI is a closely-held West Virginia based
holding company engaged in surety business through its wholly owned
subsidiary, Triangle Surety Agency, Inc. J&C is a closely-held SEC registered
investment advisory firm headquartered in Charleston, West Virginia.
Subject to shareholder approval of both FSI and J&C, under terms of the
agreements, all of the outstanding shares of FSI and J&C would be acquired in
exchange for common stock of NELX. Shares issued in the transaction would be
subject to certain resale restrictions pursuant to Rule 144 under the
Securities Act of 1933. Consummation of the transactions will result in the
FSI and J&C shareholders owning approximately 62% of the outstanding stock of
NELX. Each of the FSI and J&C acquisitions is conditioned upon the closing of
the other. Approval by current NELX shareholders is not required.
Shareholder meetings of FSI and J&C are to be held on Tuesday, May 29, 2001 to
vote on the acquisitions.
Under terms of the agreements, John M. Jacobs, the president of FSI and
J&C, would become a member of the Board of Directors of NELX.
Finally, there are no other acquisitions or developments in discussion by
the NELX, INC. board.
A separate 8-K report 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- 05/25/2001
/CONTACT: Denis Iler, Secretary, of NELX, INC., 303-232-1926/
(NLXI)