UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-KSB



[X] Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act

of 1934 For the Fiscal Year Ended September 30, 2007

Commission File Number: 0-9392



CLX Investment Company, Inc.

(Exact Name of Registrant as Specified in Its Charter)



|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Colorado                                                                   84-0749623
(State or other jurisdiction of                                                                    (I.R.S. Employer
incorporation or organization)                                                                   Identification No.)

29970 Technology Drive, Suite 203 
Murrieta, California 92563(Address of principal executive offices)

(951) 677-6735
(Issuers telephone number, including area code)
N/A
(former name or former address, if changed since last report)



Securities registered pursuant to Section 12(g) of the Exchange Act:



Common Stock, $0.01 par value

(Title of Class)



Check whether the Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.



Yes [X]

No [  ]



Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-X contained in this form, and no disclosure will be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB [  ]



Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes [  ] No [X]



Issuer's revenues for its most recent fiscal year: $-0-



The aggregate market value of the voting stock held by non affiliates computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock at December 3, 2007 was $213,478,343, based on the last sale price of $0.0099 as reported on the pink sheets.



The Registrant had 213,660,668 shares of common stock, $0.01 par value, outstanding as of December 3, 2007.





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CLX INVESTMENT COMPANY, INC.

TABLE OF CONTENTS

|                                                                                                                                              |   
|--------------------------------------------------------------------------------------------------------------------------------------------- | --
|PART I                                                                                                                                        |   
|ITEM 1   DESCRIPTION OF BUSINESS                                                                                                              | 3 
|ITEM 2.   DESCRIPTION OF PROPERTY                                                                                                             | 4 
|ITEM 3.  LEGAL PROCEEDINGS                                                                                                                    | 5 
|ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                                                  | 5 
|PART II                                                                                                                                       |   
|ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS                                                                             | 5 
|ITEM 6.  MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION                                                                            | 6 
|ITEM 7. FINANCIAL STATEMENTS                                                                                                                  | 7 
|ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE                                                  | 7 
|ITEM 8A. CONTROLS AND PROCEDURES                                                                                                              | 8 
|ITEM 8B. OTHER INFORMATION                                                                                                                    | 8 
|PART III                                                                                                                                      |   
|ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERANCE; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT | 8 
|ITEM 10.  EXECUTIVE COMPENSATION                                                                                                              | 9 
|ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS                                      | 10
|ITEM 12.   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE                                                          | 11
|ITEM 13. EXHIBITS                                                                                                                             | 12
|ITEM 14.   PRINCIPAL ACCOUNTANTS FEES AND SERVICES                                                                                            | 13
|SIGNATURES                                                                                                                                    | 14
|                                                                                                                                              |   





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PART I



Forward Looking Statements



This document includes statements that may constitute forward-looking statements made pursuant to the Safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company would like to caution certain readers regarding certain forward-looking statements in this document and in all of its communications to shareholders and others, on managements projections, estimates and all other communications.  Statements that are based on managements projections, estimates and assumptions are forward-looking statements. The words believe, expect, anticipate, intend and similar expressions generally identify forward-looking statements. While the Company believes in the veracity of all statements made herein, forward-looking statements are necessarily based upon a number of estimates, and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies and known and unknown risks. Many of the uncertainties and contingencies can affect events and the Companys actual results and could cause its actual results to differ materially from that expressed in any forward-looking statements made by, or on behalf, of the Company.

ITEM 1.

DESCRIPTION OF BUSINESS



CLX Investment Company, Inc. (the Company or CLXN) was incorporated on December 12, 1977 under the laws of the State of Colorado as Calvin Exploration Company, Inc. to engage in any lawful activity as shall be appropriate under laws of the State of Colorado. The Company was organized to engage in on-shore oil and gas exploration, development and production in the continental United States. The Company's oil and gas activities concentrated primarily in Colorado, Kansas, Oklahoma and Wyoming. In 1993 the name of the Company was changed to CLX Energy, Inc. Up until September 1, 2004 the Company engaged in only one industry segment and line of business; the acquisition, exploration, development and operation of oil and gas properties for its own account.



On May 24, 2004 the Company appointed new management and moved its headquarters to Temecula, CA. At the same time the Company formed CLX Oil & GAS, LLC a wholly owned subsidiary of CLX Energy, Inc. and transferred all of the oil and gas operations of the Company (including the assets and liabilities pertaining to such operations) into CLX Oil & Gas, LLC. On September 1, 2004 the Company sold 100% of its interest in CLX Oil & Gas, LLC to certain shareholders of the Company in exchange for shares of CLX Energy, Inc. The shareholders returned 1,433,552 shares in exchange for 100% interest in CLX Oil & GAS, LLC. The Board of Directors approved the "Securities Purchase and Sale Agreement" and also obtained a fairness opinion from Lehrer Financial and Economic Advisory Service indicating that the Securities Purchase and Sale Agreement was a fair and equitable exchange. The sale of the subsidiary has been accounted for as an asset sale transaction and all gas and oil operations are reported as discontinued operations on the financial records.



On September 13, 2004, the Company filed with the Securities and Exchange Commission to become a Business Development Corporation (BDC) as defined under the Investment Act of 1940. In anticipation of the election to become a BDC, the Company changed its name to CLX Investment Company, Inc. on September 1, 2004 to properly reflect the nature of its business. On April 2, 2007, the Board of Directors unanimously approved the proposal to withdraw the Companys election to be treated as a BDC as soon as practicable so that it could begin conducting business as an operating company rather than as a business development company subject to the Investment Company Act.  On May 30, 2007, the holders of a majority of the outstanding shares of the Companys common stock approved the proposal to withdraw the Companys election to be treated as a BDC, and on May 30, 2007, a Notification of Withdrawal was filed with the Securities and Exchange Commission which formally withdrew the BDC election. As of and during the quarter ended June 30, 2007, the Company operated as a holding company for a non-controlling interest in two companies: ActionView International, Inc. and Zonda, Incorporated.

On October 15, 2007, the Company entered into a Stock Purchase Agreement with the Oleksiewicz Family Trust (Seller), pursuant to which the Company purchased from the Seller one million two hundred fifty thousand (1,250,000) shares of common stock of Zonda, Incorporated. The purchase resulted in an increase in the Companys total equity position in Zonda, Incorporated to fifty one percent (51%). The purchase price for the acquisition consisted of ten million (10,000,000) shares of the Companys common stock.

Employees



CLX Investment Company, Inc. had one employee Robert McCoy, the Companys Interim Chief Executive Officer, Secretary and Treasurer during the year ended September 30, 2007.  On November 1, 2007, the Company accepted the resignation from Robert McCoy as the Companys Interim Chief Executive Officer. Mr. McCoy will continue to serve as Secretary, Treasurer and a member of the Board of Directors. Effective on the same date to fill the vacancy created by Mr. McCoys resignation, the Company appointed Vera Leonard as the Companys Chief Executive Officer and President. The Company and Ms. Leonard are currently in the processes of finalizing an employment agreement; however, as of the date hereof there is not a written employment agreement in place.



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Compliance with the Sarbanes-Oxley Act of 2002



On July 30, 2002, President Bush signed into law the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act"). The Sarbanes-Oxley Act imposes a wide variety of new regulatory requirements on publicly held companies and their insiders.  Many of these requirements will affect us.  For example:



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Our chief executive officer and chief financial officer must now certify the accuracy of the financial statements contained in our periodic reports;

-

Our periodic reports must disclose our conclusions about the effectiveness of our controls and procedures;

-

Our periodic reports must disclose whether there were significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses; and

-

We may not make any loan to any director or executive officer and we may not materially modify any existing loans.



The Sarbanes-Oxley Act has required us to review our current policies and procedures to determine whether we comply with the Sarbanes-Oxley Act and the new regulations promulgated thereunder.  We will continue to monitor our compliance with all future regulations that are adopted under the Sarbanes-Oxley Act and will take actions necessary to ensure that we are in compliance therewith.



Code of Ethics and Audit Committee Charter



The Board of Directors of the Company adopted a Code of Ethics and an Audit Committee Charter



The Code of Ethics applies to our directors, principal executive officers, principle financial officer, principal accounting officer or controller, or persons performing similar functions. The code of ethics is designed to deter wrongdoing and to promote:

·

Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

·

Full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with, or submits to, the Securities and Exchange Commission ("SEC") and in other public communications made by the Company;

·

Compliance with applicable governmental laws, rules and regulations;

·

The prompt internal reporting of violations of the Code; and

·

Accountability for adherence to the Code.

The Board of Directors monitors the actions of the Companys officers and directors to ensure compliance with the Code of Ethics.  Violations are brought to the attention of the Chairman and or appropriate government agencies, as necessary and appropriate.



CLX Investment Companys code of ethics was filed as an exhibit to the Companys Quarterly Report on Form 10-QSB for the quarter ended June 30, 2007 filed on August 14, 2007.

The primary responsibility of the Audit Committee is to oversee the Company's financial reporting process on behalf of the Company's Board of Directors and report the result of its activities to the Board.  Such responsibilities shall include but not be limited to the selection, and if necessary the replacement of, the Company's independent auditors; the review and discussion with such independent auditors and the Company's internal audit department  (i) the overall scope and plans for the audit, (ii) the adequacy and effectiveness of the accounting and financial controls, including the Company's system to monitor and manage business risks, and legal and ethical programs, and (iii) the results of the annual audit, including the financial statements to be included  in  the  Company's  annual  report  on Form 10-KSB. CLX Investment Companys audit committee charter was filed as an exhibit to the Companys Annual Report on Form 10-K for the Fiscal Year Ended September 30, 2005 filed on December 29, 2005.



ITEM 2.

DESCRIPTION OF PROPERTY



The Company presently maintains it offices at 29970 Technology Drive, Suite 203, Murrieta, California 92563, where it shares offices space with Javelin Advisory Group, Inc. as part of a monthly administrative services contract. The contract term is month to month. Management believes that its facilities are adequate for its present business.



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ITEM 3.

LEGAL PROCEEDINGS



The Company is not a party to any legal proceedings.



ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

An annual meeting of shareholders of CLX Investment Company, Inc. was held on May 30, 2007.  Proxies for the meeting were solicited pursuant to Regulation 14A. The following proposals were voted upon, and approved, by a majority of shareholders:



1) To consider and vote upon a proposal to authorize the Board to withdraw the Companys election to be treated as a business development company (BDC) pursuant to Section 54(c) under the Investment Company Act of 1940; and



2) To elect to the Board of Directors three (3) directors, James Bickel, Patrick Edgerton and Robert McCoy to serve until the next Annual Meeting of Stockholders of the Company or until their successors are elected and qualify, subject to their prior death, resignation or removal; and



3) To ratify the appoint HJ Associates & Consultants, LLP as the Companys independent auditing firm for the fiscal year ended September 30, 2007; and



4) To ratify the appointment of Parsons Law Firm as the Companys general counsel.



PART II



ITEM 5.

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS

Market Information



The Companys Common Stock is traded on the OTCBB (Over-The-Counter Bulletin Board) under the symbol CLXN. The following table sets forth the trading history of the Common Stock on the Bulletin Board for each quarter from September 30, 2005 to September 30, 2007, as reported by Dow Jones Interactive. The quotations reflect inter-dealer prices without retail mark-up, markdown or commission and may not represent actual transactions.



|               |  |                |  |               |  |                
|-------------- |  | -------------- |  | ------------- |  | ---------------
|Quarter Ending |  | Quarterly High |  | Quarterly Low |  | Quarterly Close
|9/30/2005      |  | 0.08           |  | 0.01          |  | 0.05           
|12/31/2005     |  | 0.03           |  | 0.03          |  | 0.03           
|3/31/2006      |  | 0.02           |  | 0.02          |  | 0.02           
|6/30/2006      |  | 0.02           |  | 0.02          |  | 0.02           
|9/30/2006      |  | 0.008          |  | 0.008         |  | 0.009          
|12/31/2006     |  | 0.007          |  | 0.007         |  | 0.007          
|3/31/2007      |  | 0.008          |  | 0.007         |  | 0.007          
|6/30/2007      |  | 0.008          |  | 0.007         |  | 0.008          
|9/30/2007      |  | 0.013          |  | 0.011         |  | 0.013          



Holders of record



As of September 30, 2007 there were approximately 582 shareholders of the Companys common stock.



Dividends



The Company paid a stock dividend based on a 1-for-3 distribution where it distributed one share of restricted common stock for each three share of common stock held on September 30, 2005.  This was done to increase the market capitalization of the Company as well as reward shareholders for their continued support.

Recent Sales of Unregistered Securities

Except as otherwise noted, the securities described in this Item 5 were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933.  Each such issuance was made pursuant to individual contracts, which are discrete from one another and are made only with persons who were sophisticated in such transactions and who had knowledge of and access to sufficient information about the Company to make an informed investment decision.  No commissions were paid in connection with the transactions described below unless specifically noted.



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During the year ended September 30, 2007, the Company issued 50,000 shares of restricted common stock to Arthur Stone, a former director, in exchange for extending a promissory note payable.  The Company issued 50,000,000 shares of common stock pursuant to Section 3(a)10 of the Securities Act of 1933 under a court-ordered settlement on a $50,000 note payable.  A total of 5,300,000 restricted shares valued at $53,000 were issued to two individuals in consideration for services performed.  The Company sold 250,000 shares of restricted stock to Robert McCoy, Chairman and Chief Executive Officer of the Company, for $1,000.  The Board of Directors reviewed the transaction and determined that the terms were fair and equitable.  In addition, the Company issued a total of 30 million shares of restricted common stock to acquire 7,500,000 shares of Zonda, Inc. common stock from certain Zonda minority shareholders, including James Bickel and Patrick Edgerton, directors of the Company.  As a result of the transaction, the Company controls 46% of Zondas issued and outstanding common stock as of September 30, 2007.  The Companys directors approved the purchase of Mr. Bickel and Mr. Edgertons common shares of Zonda and determined that the purchase price was fair, equitable, and consistent with the price paid for shares acquired in an arms length transaction.  Except where indicated, all shares issued during the year ended September 30, 2007 were issued in reliance on section 4(2) of the Securities Act of 1933. Subsequent to the year ended September 30, 2007, the Company acquired an additional 5% of Zondas common stock through the issuance of 10 million shares of the Companys restricted common stock.  As a result, the Company presently controls 51% of Zondas issued and outstanding common stock.

As of September 30, 2007, CLX Investment Company, Inc had 203,660,668 shares of common stock outstanding.

ITEM 6.

MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following information should be read in conjunction with the financial statements and notes thereto appearing elsewhere in this Form 10-KSB.

Plan of Operation

On September 13, 2004, the Company filed with the Securities and Exchange Commission to become a Business Development Corporation (BDC) as defined under the Investment Act of 1940. In anticipation of the election to become a BDC, the Company changed its name to CLX Investment Company, Inc. on September 1, 2004 to properly reflect the nature of its business. On April 2, 2007, the Board of Directors unanimously approved the proposal to withdraw the Companys election to be treated as a BDC as soon as practicable so that it could begin conducting business as an operating company rather than as a business development company subject to the Investment Company Act.  On May 30, 2007, the holders of a majority of the outstanding shares of the Companys common stock approved the proposal to withdraw the Companys election to be treated as a BDC, and on May 30, 2007, a Notification of Withdrawal was filed with the Securities and Exchange Commission which formally withdrew the BDC election.

On October 15, 2007, the Company entered into a Stock Purchase Agreement with the Oleksiewicz Family Trust (Seller), pursuant to which the Company purchased from the Seller one million two hundred fifty thousand (1,250,000) shares of common stock of Zonda, Incorporated. The purchase resulted in an increase in the Companys total equity position in Zonda, Incorporated to fifty one percent (51%). The purchase price for the acquisition consisted of ten million (10,000,000) shares of the Companys common stock.

With this recent acquisition of a majority percentage of Zonda, CLX's business strategy is focused on the acquisition of innovative medical diagnostic technologies that are ideally suited for further development, regulatory approval and distribution in the United States. Zonda's medical diagnostic tests, which are based upon enzymatic detection technology, are expected to be just one area of focus for CLX, and management is seeking additional innovative products as potential acquisitions.

Administrative Services Agreement

On June 1, 2006, the Company entered into an agreement with Javelin Advisory Group, Inc. to furnish the Company with office facilities, equipment, clerical and record keeping services.  Javelin Advisory Group, Inc. will perform or oversee the performance of the Companys required administrative services.  Under the terms of the contract, Javelin will be compensated a monthly fee of $12,500. The contract expired June 1, 2007 and the Company is currently on a month to month basis with Javelin Advisory Group and has not renewed this management agreement.

Liquidity and Capital Resources

The Companys financial statements present an impairment in terms of liquidity. As of September 30, 2007 the Company had $723,727 in current liabilities, which exceeded current assets by $643,084.  The Company has accumulated $2,468,172 of net operating losses through September 30, 2007, which may be used to reduce taxes in future years through 2027. The use of these losses to reduce future income taxes will depend on the generation of sufficient taxable income prior to the expiration of the net operating loss carry forwards.  The potential tax benefit of the net operating loss carry forwards have been offset by a valuation allowance of the same amount. The Company has not yet established revenues to cover its operating costs.  The Companys strategy during the year ending September 30, 2008 consist of remaining focused on the acquisition of innovative medical diagnostic technologies that are ideally suited for further development, regulatory approval and distribution in the United States.  Management believes the Company will soon be able to generate revenues to assist in covering its operating costs through the acquisition of Zonda, Incorporated.  In the event Zonda, Incorporated does not sustain cash flow positive operations and if suitable financing is unavailable, there is substantial doubt about the Companys ability to continue as a going concern.



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Result of Operations

Revenues

For the year ended September 30, 2007 and September 30, 2006, CLX Investment Company reported no revenues.

Expenses

Total expenses were $397,089 for the year ended September 30, 2007 compared to total expenses of $398,399 for the year ended September 30, 2006.  Current period operating expenses consisted principally of $271,211 in administrative and professional fees and $53,000 in compensation expense.

Other Income/(Expense)

Other income/(expense) for the year ended September 30, 2007 was ($14,277) as compared to $93,934 for the year ended September 30, 2006.  Current period other income consisted principally of $90,829 in stock received as payment on receivable previously written off that is associated with stock received as settlement on a defaulted loan to ActionView International and other expenses consisted principally of $52,240 in settlement costs related to debt reduction of $50,000 and $49,722 in minority interest loss related to ownership position in Zonda.

Net Loss

For the year ended September 30, 2007 the Company had a net loss of $411,365, or approximately ($0.003) per share compared to a net loss of $304,465 or approximately ($0.006) per share for the year ended September 30, 2006.



ITEM 7.

FINANCIAL STATEMENTS



See the financial statements annexed to this report.



ITEM 8.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

On June 22, 2007, CLX Investment Company, Inc. dismissed HJ Associates & Consultants, LLP as independent auditors for the Company. The decision to dismiss HJ Associates & Consultants, LLP and to seek new independent auditors was approved by the Companys Board of Directors.

The reports of HJ Associates & Consultants, LLP on the Companys financial statements for the fiscal years ended September 30, 2006 and 2005 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.  In connection with the audits of the Companys financial statements for the fiscal years ended September 30, 2006 and 2005 and from September 30, 2006 through June 22, 2007, (1) there were no disagreements with HJ Associates & Consultants, LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope and procedure which, if not resolved to the satisfaction of HJ Associates & Consultants, LLP, would have caused HJ Associates & Consultants, LLP to make reference to the matter in its report and (2) there were no reportable events as that term is defined in Item 304 of Regulation S-K promulgated under the Securities Exchange Act of 1934 (Item 304).

On June 25, 2007, the Company engaged Gruber & Company, LLC as the Company's independent accountant to audit the Companys financial statements and to perform reviews of interim financial statements. Neither the Company nor anyone acting on its behalf consulted with Gruber & Company, LLC regarding (i) either the application of any accounting principles to a specific completed or contemplated transaction of the Company, or the type of audit opinion that might be rendered by Gruber & Company, LLC on the Company's financial statements; or (ii) any matter that was either the subject of a disagreement with HJ Associates & Consultants, LLP or a reportable event with respect to HJ Associates & Consultants, LLP.



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ITEM 8A.

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures. Based on an evaluation under the supervision and with the participation of the our management as of a date within 90 days of the filing date of this Annual Report on Form 10-KSB, our principal executive officer and principal financial officer have concluded our disclosure controls and procedures (as defined in Rules 13a-14(c) and 15d-14(c) under the Securities Exchange Act of 1934 are effective to ensure that information required to be disclosed in reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Controls. There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation. There were no significant deficiencies or material weaknesses and therefore there were no corrective actions taken. However, the design of any system of controls is based in part upon certain assumptions about the likelihood of future events and there is no certainty that any design will succeed in achieving its stated goal under all potential future considerations, regardless of how remote.

ITEM 8B.

OTHER INFORMATION

In August 2007, Vera Leonard was hired as CEO of Zonda, Incorporated (Zonda) and in November 2007, appointed as CEO of CLX Investment Company, Inc.  Also in October 2007, CLX acquired majority ownership (51%) of Zonda. At this time, management of CLX deemed certain matters concerning Zonda to be material in nature and thus worthy of disclosure in this report.

Shortly after
closing the funding agreement for Zonda, CLX became aware that in 1987, Robert
F. Hird, an executive of Zonda had received five years probation during which
period he was barred by the FDA from participation in the manufacture of medical
devices. In 1994 Mr. Hird was found guilty of regulatory violations and
sentenced to federal prison. While this incident preceded Mr. Hird's involvement
with Zonda and was not related to the HandiLab products, chemistry or
technology, the discovery was considered to present a possible additional hurdle
for Zonda products requiring FDA clearance. However, CLX management believed
that the potential contribution the Chlamydia product could offer to the
healthcare industry and the ownership of the intellectual property provided
sufficient benefit to warrant going forward with the project. At this time, CLX held a 20% equity interest in Zonda. As a condition of continued funding of
Zonda, CLX required that Mr. Hird resign from Zonda.

The HandiLab Chlamydia product was approved for CE marking and has been sold in the European Union (EU) since November 2004.  Zonda intends to commence extensive clinical trials in the first quarter of 2008.  These trials constitute the first step in the FDA approval process. If the product fails to meet the performance standards expected the FDA approval process may be delayed.

Zonda is in the process of negotiating its contract manufacturing agreement.  It is possible that Zonda may not successfully complete the negotiations with its current manufacturer and may have a disruption in supply while it secures the services of an alternate manufacturer.

The CE certificate under which the HandiLab Chlamydia product is sold into the European Union countries expired on November 22, 2007.  The responsible Notified Body has extended the certification until February 22, 2008, by which time the CE certification must be transferred to Zonda or a new CE certificate must be issued.  Zonda is working with a regulatory consulting firm and expects to meet the February 22 deadline.  It is possible, however, that unforeseen circumstances would intervene and Zonda would miss the deadline.  If that were to happen, sales of the HandiLab Chlamydia product in EU countries would cease and existing products recalled until the CE certificate was renewed.

PART III.

ITEM 9.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERNANCE; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

The executive officers and directors of the Company as of December 3, 2007 are as follows:

| |                  |     |                                                            
| | ---------------- | --- | -----------------------------------------------------------
| | Name             | Age | Position                                                   
| | Vera Leonard     | 63  | President and Chief Executive Officer                      
| | Robert McCoy     | 63  | Chairman of the Board of Directors, Secretary and Treasurer
| | James Bickel     | 69  | Director                                                   
| | Patrick Edgerton | 62  | Director                                                   



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The business experience of each of the persons listed above is as follows:



Vera Leonard, President and Chief Executive Officer  Ms. Leonard has considerable successful experience in leadership positions with major medical manufacturing and distribution companies. From 1999 to 2003 Ms. Leonard served as vice president of U.S. sales for Quidel Corporation, a Nasdaq listed company that specializes in rapid, point-of care diagnostic tests, Ms. Leonard led negotiations on agreements that added approximately $8 million in annual revenue and helped to grow revenues from $32 million to $51 million in 3 years. She delivered an unprecedented 6 consecutive quarters of financial performance that met or exceeded expectations and saved more than $1,500,000 annually for the company from renegotiations of growth incentive plan, implementation of net pricing strategy and elimination of GPO administration fees. Under Ms. Leonards leadership, the company received awards for outstanding sales performance and distribution partnering from industry-leading distributors 3 years in a row and 4 years total. She restructured the sales and support organization to establish standards of performance, goal-driven compensation plan, territory-level budget and forecast management while developing individuals for promotion to levels of greater responsibility and leadership. From 2004 to 2005 Ms. Leonard served as director of vendor relations for Henry Schein, Inc., a Fortune 500 distributor of medical and dental supplies to office-based practices worldwide. In this position, she launched 6 new products; negotiated semi-exclusive distribution rights on three innovative new products; designed a product launch template that was adopted for standard use by the entire medical marketing team; negotiated an exclusive special pricing agreement on market-leading product to maximize competitive conversions; and completed an in-depth pricing analysis by vendor, sales division and SKU to assess pricing strategies and assure competitive positioning while maximizing profitability. From 2005 to 2007 Ms. Leonard served as President of Vera Leonard, Inc., an alliance that provides business consulting, leadership development, sales training and executive coaching to individuals and corporations.  Previous to these positions, Ms. Leonard served as sales representative, sales manager, regional sales manager, and national sales manager for medical manufacturing and distribution companies where she developed an extensive firsthand knowledge of the medical supply field. These companies ranged from start-ups to major U.S. and international firms.

Robert McCoy, Chairman of the Board of Directors, Secretary and Treasurer   Mr. McCoy is an experienced senior executive.  As president of Marquis Elevator, Inc. from 1975 to 1990, he built and later sold the largest independent elevator company in Nevada.  Subsequent to selling Marquis Elevator, Mr. McCoy was the General Manager of Canyon Investments, Inc. in Las Vegas, NV from 1990 to 1996.  Since 1996, Mr. McCoy served as Facilities Manager for the Church of Jesus Christ of Latter Day Saints, responsible for 487,000 square feet of facilities in the Las Vegas area.  In addition to his work for CLX, Mr. McCoy is on the Board of Directors of GRTEX Capital, Inc. and Franchise Capital Corporation, Inc. Mr. McCoy served on the Board of Directors of Sovereign Exploration Associates International Inc. during 2005. Mr. McCoy is a graduate of the University of Tennessee.

James Bickel, Director- Mr. Bickel has over 40 years of experience in sales and senior management positions with manufacturing-based companies: Allison Spring and Manufacturing (1968-1973), Bicor Machinery and Manufacturing (1974-1979), and Keel Corporation (1980-1986), all California based manufacturing companies of high-tech metal parts and assemblies. From 1986 to 2002 Mr. Bickel served as vice president of Uniglobe USA and president of Uniglobe Midpacific and assisted in building a national travel franchise system with over 900 locations.  He later built a golf retail franchise system. Since 2002 Mr. Bickel has acted as vice president and secretary of the World Health and Education Foundation and as vice chairman of MedChannel LLC, a medical device company serving radiology and surgical markets.  Mr. Bickel is currently the Chief Executive Officer of S3 Investment Company, Inc., a publicly-traded holding company with businesses in China.  He also serves on the Board of Directors of GTREX Capital, Inc.

Patrick Edgerton, Director-From 1984 to 1997 Mr. Edgerton served as vice president of various positions for McKesson, vice president of credit (1984 to 1995); vice president of chain development (1995 to 1996); and vice president of national accounts (1996 to 1997); he negotiated and prepared supply contracts for major drug companies, bringing in over $500 million of new business in one year.  From 2000 to 2004, Mr. Edgerton served as chief executive officer of Sun Drug, Inc., a retail drug business, and had previously spent two decades in a variety of positions for McKesson Corporation, a Fortune 15 healthcare services and information technology company, culminating in the position of vice president of national accounts.  In this role, Mr. Edgerton managed customers purchasing in excess of $1 billion annually and called on major food and drug chains to secure new business.   Mr. Edgerton owns and has served as President and CEO of Edgerton Consulting since 1997.  Edgerton Consulting provides consulting for business solutions in finance, marketing acquisitions, corporate restructuring, and general business practices.  In October 2005, Mr. Edgerton was appointed as vice president of European/United States operations of Zonda, Incorporated, a portfolio investment of CLX Investment Company, Inc., and since February 2006, he has served as Zonda's Chairman of the Board of Directors.

Meetings

During the year ended September 30, 2007 the Board of Directors met informally on 8 occasions, all actions were taken by resolution of unanimous consent in lieu of board meetings.

Compliance With Section 16(a) of the Securities Act of 1934

Section 16(a) of the Securities Exchange Act of 1934 requires CLX Investment Company's executive officers, directors, and persons who own more than ten percent (10%) of a registered class of CLX Investment Company's equity securities to file an initial report of ownership on Form 3 and changes in ownership on Form 4 or 5 with the Securities and Exchange Commission (the "SEC"). Such officers, directors and ten percent (10%) shareholders are also required by the SEC rules to furnish CLX Investment Company with copies of all Section 16(a) forms they file.



9

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Based solely on review of copies of such forms received by the Company, or written representations from certain reporting persons that no Forms 5 were required for such persons, CLX Investment Company believes its executive officers, directors and ten percent (10%) shareholders complied with all Section 16(a) filing requirements applicable to them through the fiscal year ended September 30, 2007.

ITEM 10.

EXECUTIVE COMPENSATION

Summary Compensation Table

The following table contains compensation data for our named executive officers for the fiscal years ended September 30, 2007 and 2006.

|                                                         |                     |                        |       |                     |                           |                               |                       
|-------------------------------------------------------- | ------------------- | ---------------------- | ----- | ------------------- | ------------------------- | ----------------------------- | ----------------------
|Summary Compensation Table                              
|                                                        
|                                                         | Annual Compensation | Long Term Compensation
|                                                         |                     |                        |       | Other               | Awards                    |                               |                       
|Name and Principal Position                              | Year                | Salary                 | Bonus | Annual
Compensation | Restricted
Stock
Award(s) | Securities
Underlying
Options | All Other
Compensation
|Bob McCoy(1)                                             | 2006                | $22,000                | $-0-  | $-0-                | --                        | --                            | --                    
|Interim Chief Executive Officer, Secretary and Treasurer | 2007                | $12,000                | $-0-  | $-0-                | --                        | --                            | --                    
|                                                         |                     |                        |       |                     |                           |                               |                       



(1) Mr. McCoy was named Interim Chief Executive Officer and Interim Chief Compliance Officer on May 15, 2006. On March 12, 2007, Mr. McCoy was named Secretary and Treasurer. On November 1, 2007, the Company accepted the resignation from Robert McCoy as the Companys Interim Chief Executive Officer. Mr. McCoy will continue to serve as Secretary, Treasurer and a member of the Board of Directors. Effective on the same date to fill the vacancy created by Mr. McCoys resignation, the Company appointed Vera Leonard as the Companys Chief Executive Officer and President.

Compensation of Directors

Our directors are compensated $2,000 each per month for services provided as a Director.  Our directors received no other consideration in exchange for their services to the company, nor did they perform any service that would fall outside the scope of their duties as directors.

Employment Agreements

CLX Investment Company, Inc. had one employee Robert McCoy, the Companys Interim Chief Executive Officer, Secretary and Treasurer during the year ended September 30, 2007.  On November 1, 2007, the Company accepted the resignation from Robert McCoy as the Companys Interim Chief Executive Officer. Mr. McCoy will continue to serve as Secretary, Treasurer and a member of the Board of Directors. Effective on the same date to fill the vacancy created by Mr. McCoys resignation, the Company appointed Vera Leonard as the Companys Chief Executive Officer and President. The Company and Ms. Leonard are currently in the processes of finalizing an employment agreement; however, as of the date hereof there is not a written employment agreement in place.

Indemnification

As permitted by the provisions of the General Corporation Law of the State of Colorado, the Company has the power to indemnify any officer or director who was or is a party to or threatens to become a party to any threatened, pending or completed action, suit or proceeding whether civil, criminal, administrative or investigative, by reason of the fact that the officer or director of the corporation acted in good faith and in a manner reasonably believed to be in or not opposed to the best interest of the Company.  Any such person may be indemnified against expenses, including attorneys fees, judgments, fines and settlements in defense of any action, suit or proceeding.  The Company does not maintain directors and officers liability insurance.



10

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ITEM 11.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTER

The following table sets forth information, to the best knowledge of the Company, as of November 21, 2006 with respect to each person known by CLX Investment Company, Inc. to own beneficially more than 5% of the outstanding Common Stock, each director and officer, and all directors and officers as a group.

|                                                                                                                          |                                     |        |                       
|------------------------------------------------------------------------------------------------------------------------- | ----------------------------------- | ------ | ----------------------
|Name and Address(1)                                                                                                       | Number of Shares Beneficially Owned | Class  | Percentage of Class(2)
|Vera Leonard
President and Chief Executive Officer
17317 Stedman Circle
Dallas, TX 75252                                  | 5,000,000                           | Common | 2%                    
|Robert McCoy
Secretary, Treasurer and Chairman of the Board of Directors
10829 Sterling Forest Avenue
Las Vegas, NV 89135 | 500,000                             | Common | *                     
|James Bickel
Director
903 Redwood Drive
Danville, CA 94506                                                                | 10,250,000                          | Common | 5%                    
|Patrick Edgerton
Director
971 Fairway Park
Incline Village, NV  89450                                                     | 2,666,666                           | Common | 1%                    
|All directors and executive officers 
(4 persons)                                                                         | 18,416,666                          | Common | 9%                    
|Sequoia International, Inc             Leeward Hwy, Providenciales
Turks & Caicos Islands                                 | (3)                                 | Common | (3)                   
|*Denotes less than 1%                                                                                                    

(1) Unless indicated otherwise, the address for each of the above listed is c/o CLX Investment Company, Inc at 29970 Technology Drive, Suite 203, Murrieta, California 92563.

(2) The above percentages are based on 213,660,668 shares of common stock outstanding as of December 3, 2007.

(3) Shares issued to Sequoia are held in an escrow account to prevent the resale without consent of CLX Investment Company.  Further, while the shares are in escrow, the shares are voted by the CLX Board of Directors.  Since Sequoia has neither the right to vote the shares nor the right to dispose of them, Sequoia does not meet the technical definition of beneficial ownership of the escrow shares.  Were Sequoia to be considered the beneficial owner, Sequoia would control 22,888,800 shares, which is approximately 11% of the Companys issued and outstanding common stock.  The address listed for Sequoia is that of its registered U.S. agent for service.

ITEM 12.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The Companys officers and directors are subject to the doctrine of corporate opportunities only insofar as it applies to business opportunities in which the Company has indicated an interest, either through its proposed business plan or by way of an express statement of interest contained in the Companys minutes. If directors are presented with business opportunities that may conflict with business interests identified by the Company, such opportunities must be promptly disclosed to the Board of Directors and made available to the Company. In the event the Board shall reject an opportunity that was presented to it and only in that event, any of the Companys officers and directors may avail themselves of such an opportunity. Every effort will be made to resolve any conflicts that may arise in favor of the Company. There can be no assurance, however, that these efforts will be successful.

The Company executed a note payable on June 21, 2005 with Arthur Stone, a member of the board of directors for $10,000.  The note bears interest at ten percent (10%) per annum and was due on June 21, 2006.  During the year ended September 30, 2007 the principal and interest was repaid in full.



11

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The Company issued 20 million shares of restricted common stock to acquire 2,500,000 shares of Zonda, Inc. common stock from James Bickel and Patrick Edgerton, directors of the Company.  As a result of the transaction, the Company controls 46% of Zondas issued and outstanding common stock as of September 30, 2007.  The Companys directors approved the purchase of Mr. Bickel and Mr. Edgertons common shares of Zonda and determined that the purchase price was fair, equitable, and consistent with the price paid for additional Zonda shares acquired in an arms length transaction.



Line of Credit



As of September 30, 2007, the Company had received $204,489 under a credit line provided by Sequoia International, Inc.  The line of credit is for $200,000 and bears interest at 8% per annum.  The line and accrued interest are due on April 1, 2009.  Sequoia could be deemed an affiliated entity by virtue of 22,888,800 shares of common stock being held in escrow for their benefit; though, since Sequoia can neither liquidate nor vote such shares, they are not deemed to be beneficial owners of the stock.  The Company received the unanimous consent of the Board of Directors prior to accepting the credit line from Sequoia.



Note Payable



On September 6, 2006, the Company issued a note payable to Stone Investment Group in the amount of $50,000.  The note bore interest at the rate of 10% per annum with interest payable monthly and principal due and payable on March 6, 2007.  Stone Investment Group is partially owned and controlled by Arthur Stone, a Director of the Company. The Company received the unanimous consent of the Board of Directors prior to accepting the loan from Stone Investment Group.  The loan and accrued interest was subsequently sold by Stone Investment Group to Sequoia International, Inc., who accepted 50,000,000 shares of common stock issued under Section 3(a)10 of the Securities Act of 1933 as settlement on the obligation.



ITEM 13.         EXHIBITS



|            |                                                                                                    |               
|----------- | -------------------------------------------------------------------------------------------------- | --------------
|Exhibit No. | Description                                                                                        | Location      
|3.1         | Articles of Incorporation                                                                          | *             
|3.2         | Amendment to the articles of incorporation, dated December 15, 1977                                | *             
|3.3         | Amendment to the articles of incorporation, dated June 4, 1991                                     | *             
|3.4         | Amendment to the articles of incorporation, dated March 26, 1993                                   | *             
|3.5         | Amendment to the articles of incorporation, dated August 30, 2004                                  | *             
|3.6         | By-laws                                                                                            | *             
|14          | Code of Ethics                                                                                     | ***           
|31.1        | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | Filed herewith
|31.2        | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | Filed herewith
|32.1        | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | Filed herewith
|32.2        | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | Filed herewith
|99(i)       | Audit Committee Charter adopted December 7, 2004                                                   | **            



* Incorporated by reference from CLX Investment Companys Annual Report on Form 10-K/A for the Fiscal Year Ended September 30, 2005 filed on June 19, 2006.

** Incorporated by reference from CLX Investment Companys Annual Report on Form 10-K for the Fiscal Year Ended September 30, 2005 filed on December 29, 2005.

*** Incorporated by reference from CLX Investment Companys Annual Report on Form 10-QSB for the Quarter Ended June 30, 2007 filed on August 14, 2007.



12

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ITEM 14.

PRINCIPAL ACCOUNTANTS FEES AND SERVICES

Audit Fees

The aggregate fees billed by the Company's auditors for the professional services rendered in connection with the audit of the Company's annual financial statements for fiscal 2007 and reviews of the financial statements included in the Company's Forms 10-KSB for fiscal 2006 were approximately $15,000 and  $20,600 , respectively.

Audit Related Fees



None



Tax Fees

None

All Other Fees

The aggregate fees billed by the Company's auditors for all other non-audit services rendered to the Company, such as attending meetings and other miscellaneous financial consulting in fiscal 2007 and 2006 were $0 and $0, respectively.







13

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SIGNATURES

In accordance with Section 13 or 15 (d) of the Exchange Act. The Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CLX INVESTMENT COMPANY, INC.

|                                                        
|--------------------------------------------------------
|By:/s/ Vera Leonard
Vera Leonard
Chief Executive Officer
|                                                        

Dated: December 28,  2007

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.



|                    |                                    |                   
|------------------- | ---------------------------------- | ------------------
|SIGNATURE           | TITLE                              | DATE              
|                    |                                    |                   
|/s/Robert McCoy     |                                    |                   
|Robert McCoy        | Chairman of the Board of Directors | December 28,  2007
|                    |                                    |                   
|/s/James Bickel     |                                    |                   
|James Bickel        | Director                           | December 28,  2007
|                    |                                    |                   
|/s/Patrick Edgerton |                                    |                   
|Patrick Edgerton    | Director                           | December 28,  2007
|                    |                                    |                   







14

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EXHIBIT 31.1



SECTION 302

CERTIFICATION OF CHIEF EXECUTIVE OFFICER



I, Vera Leonard, certify that:



(1)   I have reviewed this annual report on Form 10-KSB of CLX Investment Company, Inc.;



(2)  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;



(3)  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;



(4)  The registrant's other certifying officer(s) and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:



(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its unconsolidated investments, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and



(5)  The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):



(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.







|                        |                                      
|----------------------- | -------------------------------------
|Date: December 28, 2007 | By: /s/Vera Leonard                  
|                        | Vera Leonard, Chief Executive Officer



---





EXHIBIT 31.2



SECTION 302

CERTIFICATION OF PRINCIPAL ACCOUNTING OFFICER



I, Robert McCoy, certify that:



(1)   I have reviewed this annual report on Form 10-KSB of CLX Investment Company;



(2)  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;



(3)  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;



(4)  The registrant's other certifying officer(s) and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:



(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its unconsolidated investments, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and



(5)  The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):



(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.







|                        |                                                       
|----------------------- | ------------------------------------------------------
|Date: December 28, 2007 | By: /s/Robert McCoy                                   
|                        | Robert McCoy, Treasurer (Principal Accounting Officer)





---



EXHIBIT 32.1



CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of CLX Investment Company, Inc. (the Company) on Form 10-KSB for the period ending September 30, 2007, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Vera Leonard, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:



(1)

the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and



(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of the operation of the Company.





/s/Vera Leonard

Vera Leonard

Chief Executive Officer

December 28, 2007



---







EXHIBIT 32.2



CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of CLX Investment Company, Inc. (the Company) on Form 10-KSB for the period ending September 30, 2007, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Robert McCoy, Treasurer (Principal Accounting Officer) of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:



(1)

the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and



(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of the operation of the Company.



/s/Robert McCoy

Robert McCoy

Treasurer (Principal Accounting Officer)

December 28, 2007



---











CLX INVESTMENT COMPANY, INC.



FINANCIAL STATEMENTS

September 30, 2007 and 2006















F-1

---



C O N T E N T S





Report of Independent Registered Public Accounting Firm

F-3



Balance Sheets

F-4



Statements of Operations

F-5



Statements of Stockholders Equity (Deficit)

F-6



Statements of Cash Flows

F-7



Notes to the Financial Statements

F-8











F-2

---









REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



THE BOARD OF CLX Investment Company, Inc.:



We have audited the accompanying balance sheets of CLX Investment Company, Inc. as of September 30, 2007 and 2006, and the related statements of operations, stockholders equity and cash flows for the period then ended.  These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.



We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform our audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.



In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CLX Investment Company, Inc. as of September 30, 2007 and the results of its operations and its stockholders equity and  cash flows for the period then ended  in conformity with accounting principles generally accepted in the United States of America.



The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred material losses, has a negative current ratio, and Stockholders Equity. These matters raise substantial doubt about the Companys ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount ands classification of liabilities that may result should the Company be unable to continue as a going concern.



/s/ Gruber & Company, LLC

Gruber & Company, LLC

Saint Louis, Missouri

December 14, 2007









F-3

---





|                                                                           |                                                                                                           |         |                     
|-------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------- | ------- | --------------------
|CLX Investment Company, Inc.
Balance SheetASSETS                          
|                                                                           |                                                                                                           |         | September 30,
  2007
|                                                                           |                                                                                                           |         | (Audited)           
|Current Assets                                                             |                                                                                                           |        
|                                                                           | Cash                                                                                                      | $       | 395                 
|                                                                           | Marketable securities                                                                                     |         | 80,248              
|Total Current Assets                                                       |                                                                                                           | 80,643 
|                                                                           |                                                                                                           |         |                     
|Other Assets                                                               |                                                                                                           |        
|                                                                           | Receivable from related party                                                                             |         | 722,455             
|                                                                           | Investment in related party                                                                               |         | 356,098             
|                                                                           | Total Other Assets                                                                                        |         | 1,078,553           
|                                                                           | Total Assets                                                                                              | $       | 1,159,196           
|LIABILITIES AND STOCKHOLDERS' EQUITY                                      
|Current Liabilities                                                        |                                                                                                           |        
|                                                                           | Accounts payable                                                                                          | $       | 309,454             
|                                                                           | Interest payable                                                                                          |         | 15,316              
|                                                                           | Current portion of Notes Payable                                                                          |         | 190,000             
|                                                                           | Line of credit                                                                                            |         | 204,489             
|                                                                           | Total Current Liabilities                                                                                 |         | 719,259             
|Commitments  and Contingencies                                             |                                                                                                           | -      
|                                                                           | Total Liabilities                                                                                         |         | 719,259             
|Stockholders' Equity                                                       |                                                                                                           |        
|                                                                           | Common stock, authorized 1,980,000,000 shares, $0.01 par value, 203,660,668 shares issued and outstanding |         | 2,036,606           
|                                                                           | Comprehensive unrealized gain                                                                             |         | 4,468               
|                                                                           | Additional paid in capital                                                                                |         | 867,035             
|                                                                           | Retained deficit                                                                                          |         | (2,468,172)         
|Total Stockholders' Equity                                                 |                                                                                                           | 439,937
|                                                                           | Total Liabilities and Stockholders' Equity                                                                | $       | 1,159,196           
|                                                                           | Net Asset Value per share                                                                                 | $       | 0.0037              
|                                                                           |                                                                                                           |         |                     
|The accompanying notes are an integral part of these financial statements.





F-4

---



|                                                                             |   |             |                                     |             |     
|---------------------------------------------------------------------------- | - | ----------- | ----------------------------------- | ----------- | ----
|CLX Investment Company, Inc.
Statements of Operations
(Audited)             
|                                                                             |   |             | For Year Ended 
Ended September 30,
|                                                                             |   |             | 2007                                |             | 2006
|                                                                             |   |             |                                     |             |     
|Expenses                                                                     |   |             |                                     |            
|General & administrative                                                     | $ | 12,528      | $                                   | 58,313     
|Accounting fees                                                              |   | 27,423      |                                     | 26,830     
|Administrative fees                                                          |   | 150,000     |                                     | 134,476    
|Compensation                                                                 |   | 53,000      |                                     | 53,673     
|Investor relations                                                           |   | 32,926      |                                     | 61,258     
|Professional fees                                                            |   | 121,211     |                                     | 63,849     
|Total expenses                                                               |   | 397,088     |                                     | 398,399    
|Loss from Operations                                                         |   | (397,088)   |                                     | (398,399)  
|Other Income (Expense)                                                       |   |             |                                     |            
|Settlement costs                                                             |   | (52,240)    |                                     | -          
|Interest income                                                              |   | 36,045      |                                     | 97,611     
|Interest expense                                                             |   | (27,433)    |                                     | (24,298)   
|Derivative gain                                                              |   | -           |                                     | 98,185     
|Loss on marketable securities                                                |   | (34,558)    |                                     | (79,964)   
|Minority interest loss                                                       |   | (49,722)    |                                     | -          
|Gain on extinguishment of debt                                               |   | 22,802      |                                     | -          
|Stock received as payment on receivable
   previously written off            |   | 90,829      |                                     | 2,400      
|Total Other Income (Expense)                                                 |   | (14,277)    |                                     | 93,934     
|Net Income (Loss)                                                            | $ | (411,365)   | $                                   | (304,465)  
|Net Income (Loss) Per Share                                                  | $ | (0.003)     | $                                   | (0.006)    
|Weighted Average Shares Outstanding                                          |   | 191,736,421 |                                     | 124,488,800
|The accompanying notes are an integral part
  of these financial statements.



F-5

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CLX Investment Company, Inc.Statements of Stockholders' EquityComprehensiveAdditional
  RetainedPreferred Stock
  Common StockUnrealizedPaid-in
  EarningsSharesAmountSharesAmountGainCapital(Deficit)Balance, September 30,2004-$-1,601,115$16,011$-$649,188$(687,698)Stock issued on conversion of debentures, November 2004 through September 2005--9,358,28393,583-(23,583)
  -Beneficial Conversion Expense related to Convertible Debentures-----342,170
  -Common Stock issued for extinguishments of debt--1,336,89813,369-(3,369)
  -Stock issued for cash sale, January 2005 through September 2005--35,583,758355,838-(58,738)
  -Preferred Stock issued February 1, 20059,000,00090,000----
  -Restricted stock issued for cash on February 1, 2005--4,010,69240,107-(25,107)
  -Cancel preferred stock(7,650,000)(76,500)----
  -Cancel preferred stock and issue restricted common(1,250,000)(12,500)1,671,12216,711-(4,211)
  -Net Loss for period ended September 30, 2005-
  ---
  --
  (1,064,644)Balance, September 30, 2005100,0001,000
  53,561,868
  535,619-
  876,350
  (1,752,342)Cancel preferred stock(100,000)(1,000)
  
  -1,000
  -Stock issued on conversion of debentures--22,348,800223,488-236,303
  -Stock issued for cash--42,150,000421,500-(35,140)
  -Net Loss for period ended September 30, 2006-
  -
  -
  -
  -
  -
  (304,465)Balance, September 30, 2006 (audited)--118,060,6681,180,607-1,078,513
  (2,056,807)Stock issued for cash--250,0002,500-8,622
  -Restricted stock issued for extension of loan--50,000500-(100)
  -Stock issued on settlement of debt--50,000,000500,000-(220,000)Restricted stock issued for compensation--5,300,00053,000--
  -Restricted stock issued for acquisition--30,000,000300,000--
  -Comprehensive Unrealized Gain----4,468-
  -Net Loss for period ended September 30, 2007-
  -
  -
  -
  -
  -
  (411,365)Balance, September 30, 2007 (audited)-$-
  203,660,668$2,036,607$4,468$867,035$
  (2,468,172)The accompanying notes are an integral part of these financial statements.  F-6




|                                                                           |   |                                   |   |          
|-------------------------------------------------------------------------- | - | --------------------------------- | - | ---------
|CLX Investment Company, Inc. 
Statements of Cash Flows
(Audited)          
|                                                                           |   | For the Year Ended
 September 30,
|                                                                           |   | 2007                              |   | 2006     
|Cash Flows from Operating Activities:                                      |   |                                   |   |          
|Net Loss                                                                   | $ | (411,365)                         | $ | (304,465)
|Adjustments to Reconcile Net Loss to Net Cash Provided by Operations:      |   |                                   |   |          
|Loss on marketable securities                                              |   | 34,558                            |   | 97,488   
|Stock issued for compensation                                              |   | 53,000                            |   | (98,633) 
|Derivative gain                                                            |   | -                                 |   | -        
|Settlement costs                                                           |   | 52,240                            |   | -        
|Gain on extinguishment of debt                                             |   | (22,802)                          |   | -        
|Minority interest loss                                                     |   | 49,722                            |   | -        
|Comprehensive unrealized gain                                              |   | 4,468                             |   | -        
|Changes in Operating Assets and Liabilities:                               |   |                                   |   |          
|(Decrease) increase in accrued expense                                     |   | (23,325)                          |   | 35,569   
|Increase in accounts payable                                               |   | 165,546                           |   | 102,172  
|Net Cash Provided by (Used in) Operating Activities                        |   | (97,958)                          |   | (167,869)
|Cash Flows from Investing Activities:                                      |   |                                   |   |          
|Proceeds from sale of investments and marketable securities                |   | 252,627                           |   | -        
|Advances on line of credit                                                 |   | (252,957)                         |   | (499,161)
|Stock received as payment on receivable previously written
   off          |   | (90,829)                          |   | 2,400    
|Net Cash Used by Investing Activities                                      |   | (91,159)                          |   | (496,761)
|Cash Flows from Financing Activities:                                      |   |                                   |   |          
|Proceeds from issuance of common stock                                     |   | 11,122                            |   | 383,960  
|Minority interest                                                          |   | 49,722                            |   | -        
|Proceeds from credit line                                                  |   | 140,489                           |   | 53,000   
|Payments made on Notes Payable                                             |   | (20,000)                          |   | 50,000   
|Net Cash (Used in) Provided by from Financing Activities                   |   | 181,333                           |   | 486,960  
|Decrease in Cash                                                           |   | (7,784)                           |   | (177,670)
|Cash and Cash Equivalents at Beginning of Period                           |   | 8,179                             |   | 185,849  
|Cash and Cash Equivalents at End of Period                                 | $ | 395                               | $ | 8,179    
|Cash Paid For:                                                             |   |                                   |   |          
|Interest                                                                   | $ | 17,928                            | $ | -        
|Non-Cash Investing and Financing Activities:                               |   |                                   |   |          
|Stock issued for acquisition                                               | $ | 300,000                           | $ | 228,288  
|Stock issued to settle debt obligations                                    | $ | 280,400                           | $ | -        
|The accompanying notes are an integral part of these financial statements.





F-7

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CLX INVESTMENT COMPANY, INC.

Notes to the Financial Statements

September 30, 2007 and 2006



NOTE 1 - NATURE OF ORGANIZATION



This summary of significant accounting policies of CLX Investment Company, Inc. is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management who are responsible for their integrity and objectivity. In the opinion of management, all adjustments which are necessary for a fair presentation of the financial statements have been included.  These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

a)       
Organization and Business Activities



The Company was incorporated on December 12, 1977 under the laws of the State of Colorado as Calvin Exploration Company, Inc. to engage in any lawful activity as shall be appropriate under laws of the State of Colorado. The Company was organized to engage in on-shore oil and gas exploration, development and production in the continental United States. In 1993 the name of the Company was changed to CLX Energy, Inc. Until 2004, the Company engaged solely in the acquisition, exploration, development and operation of oil and gas properties for its own account.



On September 13, 2004, the Company filed with the Securities and Exchange Commission to become a Business Development Corporation (BDC) as defined under the Investment Act of 1940.  As a BDC, the Company made several investments into private companies including eStrategy Solutions, Inc., an online government training company, ActionView, Inc., an electronic billboard advertising company, and Zonda, Inc., a medical diagnostic company.



On October 2, 2006, the Company received repayment on credit line and accrued interest due from eStrategy Solutions, Inc. (ESS) which totaled $189,233.  The Company also agreed to sell its stock position in ESS to John R. Matthews, President of ESS, in exchange for $62,080.  As of September 30, 2007, the Companys sole investment consisted of a 46% interest in Zonda, Inc. and 3,086,428 shares of ActionView stock which are being held for sale.



On April 2, 2007, the Board of Directors unanimously approved the proposal to withdraw the Companys election to be treated as a business development company (BDC) as soon as practicable so that it could begin conducting business as an operating company rather than as a business development company subject to the Investment Company Act.  On May 30, 2007, the holders of a majority of the outstanding shares of the Companys common stock approved the proposal to withdraw the Companys election to be treated as a BDC, and on May 30, 2007, a Notification of Withdrawal was filed with the Securities and Exchange Commission.  The change in the Companys status eliminated the Companys ability to utilize the fair value method of accounting for subsidiaries that is required of investment companies (see below).  In addition, certain financial statement disclosures such as the Statement of Changes in Net Assets and the Schedule of Investments are no longer required or applicable.



Significant change in method of accounting



The election to withdraw the Companys election as a BDC under the Investment Company Act has resulted in a significant change in the Companys required method of accounting. Investment company financial statement presentation and accounting utilizes the fair value method of accounting for recording ownership in portfolio or subsidiary companies.  This treatment requires that BDCs value their investments at market value as opposed to historical cost.  With the Companys withdrawal from the Investment Company Act, the required financial statement presentation and accounting for securities held will be either the equity method or consolidation of accounting depending on the classification of the investment and the Companys ownership percentage.



Effect



As an operating company, the Company must consolidate its financial statements with subsidiaries, thus eliminating the fair value reporting required by BDCs. As a result, in accordance with FAS 154, the accompanying financial statements have been presented on an operating and consolidated basis for all periods presented on a retrospective basis.  As of September 30, 2007, the Company operated as a holding company for a controlling interest in one company: Zonda, Inc.



F-8

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The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  The Company has incurred material operating losses, has continued operating cash flow deficiencies and has working capital deficit as of September 30, 2007.  These factors raise substantial doubt about the Companys ability to continue as a going concern



b)

Revenue Recognition



The Company recognizes income and expense on the accrual basis of accounting.  The fair value of stock received as consideration for extending financing agreements was recognized as interest income at the time such shares were received.  Subsequent fluctuations in the value of such shares are recorded as unrealized investment gains and losses.  Zonda, Inc. recognizes income as product is shipped on bona-fide purchase orders.



c)

Cash



The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. As of September 30, 2007 the company had $395 in cash.



d)

Estimates



The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates.

e)      Fixed Assets



None



f)

Basic Loss Per Share



The computation of basic loss per share of common stock is based on the weighted average number of shares outstanding during the period of the financial statements. Fully diluted loss per share is not presented as any common stock equivalents are anti-dilutive in nature. Common stock equivalents consisting of convertible debt and preferred stock have not been included in the calculation of loss per share.





|                                              |   |             | 2007 |             | 2006 |  |  | 
|--------------------------------------------- | - | ----------- | ---- | ----------- | ---- |  |  | 
|Loss from operations                          | $ | (411,365)   | $    | (304,465)   |      |  | 
|Profit (Loss) from discontinued operations    | $ | -           | $    | -           |      |  | 
|Loss per share                                |   |             |      |             |      |  | 
|Loss from operations                          | $ | (0.003)     | $    | (0.006)     |      |  | 
|Loss from discontinued operations             |   | -           |      | -           |      |  | 
|Total loss per share                          | $ | (0.003)     | $    | (0.006)     |      |  | 
|Weighted Average Number of Shares Outstanding |   | 191,736,421 |      | 124,488,800 |      |  | 



g)

Income Taxes



Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences, operating losses, tax credit carryforwards and deferred tax assets are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.







F-9

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Net deferred tax assets consist of the following components as of September 30, 2006 and 2007:



|                          |  |   |           | 2007 |           | 2006
|------------------------- |  | - | --------- | ---- | --------- | ----
|Deferred tax assets:      |  |   |           |      |          
|NOL Carryover             |  | $ | 338,553   | $    | 211,308  
|Deferred tax liabilities: |  |   |           |      |          
|Valuation allowance       |  |   | (338,553) |      | (211,308)
|Net deferred tax asset    |  | $ | -         | $    | -        



At September 30, 2007, the Company had net operating loss carryforwards of approximately $2,400,000 that may be offset against future taxable income from the years 2008 through 2026.  No tax benefit has been reported in the September 30, 2006 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.



h)

Recent Accounting Pronouncements



During the year ended September 30, 2007, the Company adopted the following accounting pronouncements:



SFAS No. 152 -- In December 2004, FASB issued SFAS 152 Accounting for Real Estate Time-Sharing Transactionsan amendment of FASB Statements No. 66 and 67. This Statement amends FASB Statement No. 66, Accounting for Sales of Real Estate, to reference the financial accounting and reporting guidance for real estate time-sharing transactions that is provided in AICPA Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing Transactions. This Statement also amends FASB Statement No. 67, Accounting for Costs and Initial Rental Operations of Real Estate Projects, to state that the guidance for (a) incidental operations and (b) costs incurred to sell real estate projects does not apply to real estate time-sharing transactions. The accounting for those operations and costs is subject to the guidance in SOP 04-2. This Statement is effective for financial statements for fiscal years beginning after June 15, 2005. The Companys adoption of SFAS 152 did not have any impact on the Companys financial statements.



SFAS No. 151 -- In November 2004, the FASB issued SFAS 151 Inventory Costsan amendment of ARB No. 43. This Statement amends the guidance in ARB No. 43, Chapter 4, Inventory Pricing, to clarify the accounting for abnormal amounts of idle facility expense, freight, handling costs, and wasted material (spoilage).  Paragraph 5 of ARB 43, Chapter 4, previously stated that . . . under some circumstances, items such as idle facility expense, excessive spoilage, double freight, and re-handling costs may be so abnormal as to require treatment as current period charges. . . .  This Statement requires that those items be recognized as current-period charges regardless of whether they meet the criterion of so abnormal.  In addition, this Statement requires that allocation of fixed production overheads to the costs of conversion be based on the normal capacity of the production facilities. The provisions of this Statement shall be effective for inventory costs incurred during fiscal years beginning after June 15, 2005.  The Companys adoption of SFAS 151 did not have any impact on the Companys financial statements.



NOTE 2  RELATED PARTY TRANSACTIONS



The Company issued 20 million shares of restricted common stock to acquire 2,500,000 shares of Zonda, Inc. common stock from James Bickel and Patrick Edgerton, directors of the Company.  As a result of the transaction, the Company controls 46% of Zondas issued and outstanding common stock as of September 30, 2007.  The Companys directors approved the purchase of Mr. Bickel and Mr. Edgertons common shares of Zonda and determined that the purchase price was fair, equitable, and consistent with the price paid for additional Zonda shares acquired in an arms length transaction.



Line of Credit



As of September 30, 2007, the Company had received $204,489 under a credit line provided by Sequoia International, Inc.  The line of credit is for $200,000 and bears interest at 8% per annum.  The line and accrued interest are due on April 1, 2009.  Sequoia could be deemed an affiliated entity by virtue of 22,888,800 shares of common stock being held in escrow for their benefit; though, since Sequoia can neither liquidate nor vote such shares, they are not deemed to be beneficial owners of the stock.  The Company received the unanimous consent of the Board of Directors prior to accepting the credit line from Sequoia.



F-10

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Note Payable



On September 6, 2006, the Company issued a note payable to Stone Investment Group in the amount of $50,000.  The note bore interest at the rate of 10% per annum with interest payable monthly and principal due and payable on March 6, 2007.  Stone Investment Group is partially owned and controlled by Arthur Stone, a Director of the Company. The Company received the unanimous consent of the Board of Directors prior to accepting the loan from Stone Investment Group.  During the year ended September 30, 2007, the Company repaid $10,000.  The loan and accrued interest was sold by Stone Investment Group to Sequoia International, Inc., who accepted 50,000,000 shares of common stock issued under Section 3(a)10 of the Securities Act of 1933 as settlement on the obligation.  In connection with the settlement, the Company recorded $52,240 in settlement costs which represented the value of the stock issued in excess of the face value of the debt.



NOTE 3  MARKETABLE SECURITIES



Marketable securities consist of 3,086,428 remaining shares of ActionView International, Inc. common stock received as settlement on a line of credit extended in prior years.  The Company received a total of 9,082,852 shares valued at $90,829 based on ActionView share price of $.01 at the time of receipt.  As of September 30, 2007 the shares had a market value of $.026 per share resulting in $80,247 in marketable securities. The value of the shares received was recorded as gain since the credit line had previously been written off as uncollectible.  Fluctuations in the Actionview share price are recorded as comprehensive unrealized gains and losses on the balance sheet.  The Company also sold 1,285,700 shares of Actionview stock received in prior periods as consideration for loan fee.  The Company recorded a loss of $34,558 on the sale of Actionview stock at prices below the value recorded on the date of receipt.



NOTE 4  OTHER ASSETS



Other assets include a line of credit extended to Zonda, Inc. and an investment in Zonda.  The credit line of $722,455 earns interest at 8% per annum and is currently due, though no demand for payment has been made.  Of the total receivable from Zonda, $45,779 represents accrued interest.  The investment consists of cash and stock valued at $105,820 to acquire the initial 31% interest in Zonda, plus the value of an additional 30 million shares issued to purchase another 15%, bringing the total percentage of Zondas stock held by the Company to 46% as of September 30, 2007.  As of September 30, 2007, the Company has recorded a total investment including cash and stock of $356,098.  The Company has also recorded $49,721 in minority interest losses allocated to the Company from Zonda.



NOTE 5  NOTE PAYABLE



During the year ended September 30, 2006, the Company eliminated all of its convertible debentures by restructuring $200,000 of its convertible debentures into a promissory note payable.  The Promissory note is due December 19, 2007 and bears interest at the rate of eight percent (8%) per annum.   During the year ended September 30, 2007, the Company paid $10,000 against the note, leaving a balance due at September 30, 2007 of $190,000.  In connection with the restructuring the convertible debentures, a balance of $22,802 representing accrued interest was forgiven by the debt holder.  The Company recorded the forgiveness of the interest as Gain on Extinguishment of Debt.



NOTE 6 - EQUITY TRANSACTIONS



Common Stock:



During the year ended September 30, 2007, the Company issued 50,000 shares of restricted common stock to Arthur Stone, a former director, in exchange for extending a promissory note payable.  The Company issued 50,000,000 shares of common stock pursuant to Section 3(a)10 of the Securities Act of 1933 under a court-ordered settlement on a $50,000 note payable (see Note 2 above).  A total of 5,300,000 restricted shares valued at $53,000 were issued to two individuals in consideration for services performed.  The Company sold 250,000 shares of restricted stock to Robert McCoy, Chairman and Chief Executive Officer of the Company, for $1,000.  The Board of Directors reviewed the transaction and determined that the terms were fair and equitable.  In addition, the Company issued a total of 30 million shares of restricted common stock to acquire 7,500,000 shares of Zonda, Inc. common stock from certain Zonda minority shareholders, including James Bickel and Patrick Edgerton, directors of the Company.  As a result of the transaction, the Company controls 46% of Zondas issued and outstanding common stock as of September 30, 2007.  The Companys directors approved the purchase of Mr. Bickel and Mr. Edgertons common shares of Zonda and determined that the purchase price was fair, equitable, and consistent with the price paid for shares acquired in an arms length transaction.  Except where indicated, all shares issued during the year ended September 30, 2007 were issued in reliance on section 4(2) of the Securities Act of 1933.



F-11

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During the year ended September 30, 2006, the Company issued 35,660,000 shares of free trading common stock for cash of $361,360.  These shares were issued pursuant to the Companys offering circular under Regulation E and were sold by the Companys chief executive officer without the assistance of any broker dealers. The Company relied on Regulation E in making these sales. No advertising or general solicitation was employed in offering these shares. Each purchaser received a copy of the Companys offering circular. Shares sold in reliance on Regulation E are not restricted securities.  In addition, the Company issued 6,250,000 shares of restricted common stock for cash of $25,000.  The Company relied on section 4(2) of the Securities Act of 1933 in making the sales of securities. Collectively, these stock issuances represented a total of 41,910,000 shares sold for aggregate proceeds of $383,960, which represented a price below par value.  As a result of these stock issuances, the Company recorded a reduction in Paid-in-Capital of $35,140 to recognize the difference between par value of the shares issued and the cash received.



Preferred Stock:



On February 1, 2005, the Company issued 9,000,000 shares of preferred stock designated Series A Preferred to an unaffiliated third party as part of a $500,000 debt financing commitment.  The Series A Preferred stock was convertible into common stock on a 1:1 basis and had the ability to appoint two Directors to the Companys Board.  On August 8, 2005, the Company and the Series A Preferred holder mutually agreed to cancel the Series A Preferred since there was concern that the convertible nature of the Series A could violate certain provisions of the Investment Company Act of 1940.  As a result, 8,900,000 shares of Series A Preferred stock were cancelled.  The remaining 100,000 shares of Series A Preferred were converted into 100,000 shares of designated Series B Preferred that had, as its only preference, the ability to appoint two Directors to the Companys Board.  On all other matters, the Series B Preferred votes were with the common stock on a share for share basis.  The Series B Preferred was not convertible. On May 30, 2006, the Companys board of directors elected to cancel the 100,000 shares of Series B preferred stock outstanding.  The sole Series B preferred shareholder agreed to this action.  By canceling these shares, the common stock shareholders are now able to elect all members of the Board of Directors.



NOTE 7 - GOING CONCERN



The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the relation of assets and liquidation of liabilities in the normal course of business. The Company has generated a loss of $411,365 for the year ended September 30, 2007.



The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As of September 30, 2007, the Companys current liabilities exceed current assets and the Company has been dependent upon financing to continue operations.  The ability of the Company to continue as a going concern is dependant upon its ability to obtain sources of financing such that it may commence profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.



NOTE 8 - SUBSEQUENT EVENTS



Subsequent to the year ended September 30, 2007, the Company acquired an additional 5% of Zondas common stock through the issuance of 10 million shares of the Companys restricted common stock.  As a result, the Company presently controls 51% of Zondas issued and outstanding common stock.  Also subsequent to September 30, 2007, the Company loaned an additional $62,598 to Zonda, bringing the total amount due under the line of credit to $785,053.





F-12

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