CTXI News..attached......
SAN DIEGO--(BUSINESS WIRE)--Centrex, Inc. (OTC Pinksheets:CTXI) today announced that its Board of Directors and a majority of the Company's shareholders have approved the name change to MicroHoldings US, Inc. The name change has been filed with the State of Oklahoma and the Company is in the process of requesting a change in its ticker symbol.
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Stated Jeffrey Flannery, CEO of Centrex, Inc., "After working with the people at MicroCars for the past year, we have decided that the timing is right to dedicate our efforts in the area of automobile manufacturing. The MicroCar system is unique and has already generated a lot of interest in the marketplace. We would be remiss not to focus our resources and efforts on the expansion of MicroCar manufacturing to every country that could benefit from it."
Centrex recently acquired MicroCars International, a subsidiary of the Sri Lanka automobile manufacturer, MicroCars, Pvt. Ltd., which gave Centrex the rights to license the MicroCars manufacturing process internationally. The Micro Cars facility is labor intensive unlike US and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka that have low labor rates but a need for high quality, inexpensive vehicles.
More information on the MicroHoldings-US, Inc. can be found at www.microholdings-us.com. Information on MicroCars, Ltd. can be found at www.microcars.lk
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