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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: Thor Carlsen who wrote (5053)	2/13/2001 3:49:31 PM
From: Bob Staaf	Read Replies (1) \| Respond to of 5143

This just in: XENOLIX TECHNOLOGIES ANNOUNCES RESULTS FROM SECOND REFINER SUMMIT, N.J.--(BUSINESS WIRE-NJ)—February 13, 2001—Xenolix Technologies, Inc. (OTC: XTCI), a development-stage precious metals technology company, reported the results of a second test of its initial production runs. Its first test results were reported on February 2nd of this year. This new test was conducted by an analytical laboratory selected by a second refiner, and was performed on material processed by Xenolix using its proprietary nanotechnology, and which the Company submitted. The results of this second test reported as Troy Ounces per Ton are as follows: REPORT OF ANALYSIS Gold Platinum Palladium Rhodium Total 3.54 3.90 3.71 2.40 13.55 The refiner has indicated to Xenolix that it would like the Company to enhance the concentration of its processed material to a total of 50 Troy ounces per ton of non-silver precious metals in order to better conform to existing refining circuits. Xenolix is making changes to its production processes with the goal of reaching this 50 Troy ounces per ton concentration threshold. Dr. Alvin C. Johnson, PhD., Directorand Vice President-Technology Research & Development of the Company said, “We are hopeful that the changes we are making to our production equipment and processes will result in reaching our 50 Troy ounces per ton goal. I must caution, however, that as with any application of new science to production, no one can be certain that we will be successful.” The proprietary nano-technological processing technology invented by the Xenolix seems to work with all precious metals precursor ores and materials that have been tested including the basaltic scoria found on the Company's property. The material selected and currently being processed by the Company is environmentally benign fine-grained residual matter remaining from commonplace commercial production processes. Most of the many producers of such residual matter commonly dispose of it in open dumps and attribute no value to it. Hundreds of millions of tons of similar material are available throughout the country usually at a cost equal to the freight and handling costs from its particular source. Xenolix, with its new technology, is recycling some of this discarded material and converting it into what the Company believes will be an important new source of precious metals. Statements contained in this press release that are forward looking statements are intended to be made pursuant to the Safe Harbor Provisions for the PrivateSecurities Litigation Reform Act of 1995. These forward-looking statements aresubject to the inherent uncertainties in predicting future results and conditions. The Company undertakes no obligation to update or revise theseforward-looking statements to reflect new events or uncertainties. Xenolix Technologies, Inc. The Company is a Nevada Corporation headquartered in Summit, New Jersey, which is inventing, researching and developing new precious metals technologies based upon applying the nanotechnological science it is pioneering. It is creating gold, silver and platinum element analytic andextraction technology based upon this emerging science. The technology is designed to transform refractory (difficult to detect and extract) precious metal-bearing ores into forms of treated ore that respond well to standard analytic and extraction techniques. The Company believes that it has made a new discovery of a property in nature that causes materials orores to be complex or refractory, and which has not heretofore been documented in the scientific technical literature. The Company is attempting to commercialize its nanotechnological intellectual property pertaining to precious bearing materials and ores. There is neither any assurance that the Company’s proprietary technology nor the patents it holds will be commercially successful, or that if they were, that the Company will be able to exploit them. All inquiries can be made through the offices of Xenolix Technologies, Inc. at 34 Maple St., Summit, NJ 07901 or by calling Shareholder Services at (908) 277-3632 or FAX at (908) 277-2461. Xenolix Technologies information can be found on its website at xenolix.com.