Replies to post #1334 on Michelex Corp (fka MLXO)

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new2005; Do you work for Cornell Capital???eom

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Last PR March-9th "2005" 10.5 weeks ago read below


Michelex Merges with Hindsight Records
Wednesday March 9, 7:05 am ET


MASSENA, N.Y.--(BUSINESS WIRE)--March 9, 2005--Michelex Corporation ("Michelex") (OTCBB:MLXO - News) announces that it has completed the acquisition of Hindsight Records Inc ("Hindsight"), a Californian Corporation located in Massena, New York. Hindsight owns over 9,000 copyrights and masters, some of which are sold at Amazon.com and other stores nationally. Michelex acquired all of the capital stock of Hindsight in exchange for 100,000 shares of Michelex common stock and an $800,000 promissory note in favor of Hindsight selling stockholder and assumption of certain obligations of Hindsight under the convertible debentures in the aggregate principal amount of $1,000,000.
Thomas Gramuglia C.E.O of Michelex, states, "This acquisition fits right into the media division of Michelex and should help secure funding to continue operations and work on growth for the company."

ABOUT HINDSIGHT:

The Hindsight catalog was created originally by the late Wally Heider - who specialized in studio recordings and the music of the Big Band era.

Gramuglia acquired the Hindsight catalog from Heider in 1979 - and began an immediate expansion of releases from the music of the 40's through the 60's, featuring Artie Shaw, Duke Ellington, Les Brown, Harry James, Woody Herman, Count Basie, Benny Goodman, Jimmy Lunceford, Doris Day, Rosemary Clooney, Kay Starr, Johnny Mercer, Stan Kenton, Lionel Hampton, Benny Carter, Glen Gray, Eddy Howard, Jimmy Dorsey, Claude Thornhill, Dick Jurgens, Freddy Martin, Russ Morgan, Buddy Morrow, Bob Crosby, Jerry Gray, Helen Forrest, Mel Torme, Frankie Laine, Helen O'Connell, June Christy, Jan Savitt, Charlie Spivak, Billy Butterfield, Sarah Vaughn, Bobby Troup, Alvino Ray, the King Sisters with Frank DeVol, Tiny Hill, Sammy Kaye, Clyde McCoy, Jan Garber, Larry Clinton/ Bea Wain, Charlie Barnet, Carmen McRae, Henry Busse, Lester Lanin, Guy Lombardo, and others. Gramuglia's technical staff - made certain of the sound quality - before approval of these select records being issued in CD or other formats.

Hindsight's Massena headquarters warehouses all products - and acts as the control center for all business transactions. In releasing the Big Band era product, Gramuglia made certain of authentic - in-depth liner notes by securing the services of established music writers such as Dave Dexter, Jr., Eliot Tiegel, George Simon, Irving Townsend, Brad McCuen, etc. Veteran music industry executive Bobby Weiss utilized his numerous music business contacts to assist Gramuglia in securing rights to the majority of Hindsight masters.

Gramuglia sold Hindsight in December 2004, and approximately one week later, Michelex completed its acquisition of Hindsight on December 30, 2004.

ABOUT MICHELEX:

Michelex Plastics -- Founded in 1972, is a manufacturer/importer and distributor of C-Zero's, C-Shells, Norelco Boxes, Jewel Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs over 100 people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.

Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.

Michelex Media Products -- Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.

For further information, www.micheleaudio.com

Safe Harbor:

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.



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28 years of Profit, 12Mil Revs Is No Joke!eom

[VST7]

15Mil Assets a JOKE??? I'm not defending the companies actions in the handling of the Cornell Torpedo that has tried to sink Michelex, they definitely could have done a better Job and had more Communication with Investors. But I believe that this is going to turn around, they just "SIGNED" a NEW FINANCING DEAL Thursday!!!!!!! Cornell will be forced to cover, Cornell will not let themselves get burned, they are too smart for that, they may not cover in the subs like they would like, but they will when they see that Michelex is turning around and getting profitable again without them. We are down in the .01's because some longs bailed, like Superjim (450K shares), I think Superjim will be kicking himself in the ass soon for it to, no offense meant Jim, but I made that mistake with DWMA earlier this year after finding out they were being bought out and doing a 1/5 Reverse split. I had bought a shitload @ 1.40 it dropped to the .60's, one day it jumped to 1.10 and I bailed thinking I would cut my loss and take a gift at 1.10, 3 days later that SOB Ran to 1.80's, I'm still pissed, I lost thousands when I could have made thousands if I had 3 more days of patience!!! Lesson Learned in the Patience Dept. I personally think that Michelex is a solid enough company that they should be trading in the dollars on the NAS, I think the forward split that they did last fall was a mistake, just like the Cornell deal was a mistake, when this ran to the 1.50's they should have took a shot at a NAS listing and if they had better advisory people last fall and not done the forward split I think that would have been possible if they had hooked a good financing deal, this company has orders coming out their ears that they are turning down because they need capital for raw materials!!! They have plants in France now that we have heard nothing about yet, wait till they get their ducks in a row, and get this thing firing on all "12" cylinders, a few months from now the single digits may be a dream. We know just by their assets/revs and O/S that their Market-cap is valued in the teens for Gods Sake! When Cornell starts the EXIT ENGINE, MLXO will be all over the message boards, all in my Humble Opinion of course. new2005's comments and a few Margaritas got me going there! HAHAHA LOL.