Nexicon Inc.

• Public
• US

Dow Jones Description

Nexicon, Inc., formerly Cyco.net, Inc. is the successor corporation to AVE, Inc. The Company was an e-commerce business until July 2003 when it sold the assets of its cigarette e-tail business. This decision was made after several states filed civil lawsuits against the New Mexico subsidiary involved in the sale of cigarettes over the internet. The Companys management felt that although the Company had a meritorious defense it would be much too costly to defend in a court of law. The Company chose to pursue other business opportunities and on November 19, 2003, Nexicon, Inc. purchased all of the outstanding common stock of Orion Security Services, Inc., a Wisconsin corporation, in a stock for stock purchase. On November 15, 2004, Nexicon, Inc. purchased all of the outstanding common stock of Pluto Communications International, AS, a Norwegian corporation, in a stock for stock purchase. On March 17, 2005, Nexicon, Inc. agreed to repurchase 15 million shares of the Companys common stock held by Robert Demson in exchange for all right, title, and interest that the Company has in agreements associated with the SatSecure technology and to the tradenames Orion Security Services, Inc., OSSI, Ossi-Secure, SatSecure, SatWatch and RECON 9000 (collectively, Tradenames) and all equipment, computers and furniture valued at approximately $15,213.

Chief Executive Officer

Number of Employees 2

Contact Information

Peer Companies

• Amazon.com Inc.
• eBay Inc.
• Insight Enterprises Inc.
• Systemax Inc.
• PC Connection Inc.
• All Companies