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To: Joe Copia who wrote (78463)	1/30/2001 9:10:30 AM
From: Joe Copia	Read Replies (2) \| Respond to of 150070

thestockjournal.com

To: Joe Copia who wrote (78463)	4/17/2001 8:48:45 AM
From: Joe Copia	Read Replies (1) \| Respond to of 150070

Tuesday April 10, 8:39 pm Eastern Time Press Release Lexon Technologies Defaults On Loan Agreement With Secured Creditor DOWNERS GROVE, Ill.--(BUSINESS WIRE)--April 10, 2001--LEXON Technologies, Inc. (OTCBB:LXTI - news) -- Lexon Technologies announced today that it has defaulted on a Bridge Loan Agreement with Miller Capital Corporation as agent for Miller Capital Corporation, Dickerson Wright, Jock A. Patton, and Stephen A. McConnell. The company entered into this agreement on August 10, 1999 when it borrowed $750,000 for operations of the company. The note was restructured in early 2000 with a $150,000 payment and interest of 12%. Interest payments were made through August 2000 and repayment was scheduled to begin in August 2000. Extensions have been granted by transferring 2,150,000 shares of the companies stock, representing 14% of the outstanding shares, to the lenders over the past 7 months, in addition to a payment $25,000 made in December 2000. The extensions have expired today after an unsuccessful attempt to renegotiate the debt. Kenneth J. Eaken, the company's Chairman, said that operations of the company would continue while the company continues to negotiate with the creditor. Under the terms of the Bridge Loan Agreement, all of the assets of the company are secured by the creditor. If the creditor moves forward to claim the assets as provided under the terms of the agreement it is unlikely that the company can continue its operations in its present form. Headquartered in Downers Grove, Ill., LEXON Technologies, Inc., is an Internet-based provider of innovative, geo-referenceable content and data, and offers specific content solutions to institutional, governmental, corporate and public consumers through advanced software applications Through its wholly owned subsidiary, Chicago Map Corporation, the company creates geographic digital map technology, including digital data integration and referencing, GPS (Global Positioning System) navigation systems, and mobile asset monitoring/tracking for a variety of markets. The company has offices in Downers Grove, Ill. and North Andover, Mass. Visit the company's web site at for additional information on its services. The press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because these statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially, including the company's limited operating history and potential inability to integrate acquired businesses, need for additional financing, variable economic conditions and consumer tastes, regulatory risks and restrictions imposed by existing debts and future payment obligations. Important factors that could assure actual results to differ materially are described in the company's information filed with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Lexon Technologies Kenneth Eaken, 630/916-6196 x104