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Friday, January 04, 2008

Pennystocks IONN, Clacendix, Inc. Announces Completion of Asset Acquisition by Cryptek, Inc.

Clacendix, Inc., formerly ION Networks, Inc., (OTCBB: IONN Pennystocks) today announced that on December 31, 2007, it consummated the transaction presented in a proxy statement, filed December 10, 2007 with the Securities and Exchange Commission, whereby Cryptek, Inc. (“Cryptek”), a privately owned, leading manufacturer of dynamic and trusted identity and access control solutions, purchased substantially all of the assets of ION Networks, Inc. for $3.2 million plus the assumption of certain liabilities.

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