updated 5/26/2011 10:16:08 AM ET 2011-05-26T14:16:08

FORT LAUDERDALE, Fla., May 26, 2011 (GLOBE NEWSWIRE) -- John Mattera, founder of Xen IX Capital, LLC today announced that it has made a major Financial commitment to AMYLEX Corp. ("AMYLEX"). AMYLEX is one of the world's top developers of biodegradable, eco-friendly products and materials. AMYLEX owns a family of patented technology that provides a range of high performance, low cost for biodegradable/compostable products.

Amylex Plates
Amylex Plates

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9755

"We're thrilled to put our resources behind a company as industry-defining as AMYLEX," said John Mattera, Managing Director of Xen IX Capital. "They have paved the way for production materials that are low-cost and eco-friendly Xen IX is proud to add them to our portfolio and excited to work with them to expand their incredible efforts."

Michael Hagerty, President and CEO of AMYLEX said, "Our relationship with Xen IX will allow us to expand and grow our business to its full potential. Their experience in and access to international markets will be invaluable."


AMYLEX is a developer and manufacturer of low cost, sustainable, biodegradable packaging and consumer products. Our company was founded for the fundamental purpose of providing a cost competitive solution to the rapidly emerging field of biodegradable materials and process technology. Using low cost renewable raw materials and an environmentally friendly manufacturing process, we have been able to accomplish this goal. The process technology is based on patented formulations, processes and machinery which allow it to be competitive with traditional materials. For more information, please visit: www.amylex.com .

About Xen IX Capital

Xen IX is a newly formed investment fund founded by John Mattera that helps great teams grow into market leaders. From groundbreaking social networking, to the latest in clean energy innovation, we're interested in turning exceptional ideas into industry-disruptive technologies. We look for proven teams and technologies that have the capacity to grow into industry leaders with the help of our capital and relationship base. We make only a handful of investments each year which allows us to focus our time and resources on making our portfolio companies succeed. For more information, please visit: http://www.xenixcapital.com

CONTACT: Ly@xenixcapital.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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