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SECURITIES AND EXCHANGE COMMISSION 
      Washington, D.C. 20549
      FORM 10-Q
      PURSUANT TO SECTION 13 OR 15 (d) OF THE 
      SECURITIES EXCHANGE ACT OF 1934For the Quarter
      EndedMarch 31, 2005
      Commission File
      Number0-9392CLXINVESTMENT COMPANY, INC.(Exact Name of Registrant as Specified in Its Charter)


Colorado
      
      84-0749623(State or other jurisdiction of
      incorporation or organization)
      
      (IRS Employer Identification No.)43180
      Business Park Dr., Suite 202 Temecula, CA 92590(Address of
      principal executive offices)(951) 587-9100 (Issuers telephone number, including area code)CLX Energy, Inc.
      (Registrant's Former Name and Address)


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[  ] 
  Indicate the number of shares outstanding of each of the issuer's class of
  common stock, as of the last practicable date.

|Class
      Common Stock, $0.01 par value | Outstanding at
      May 10, 2005
      10,997,634
|----------------------------------------- | --------------------------------------------------



1

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CLX INVESTMENT COMPANY, INC.

PAGE NUMBERPART I - FINANCIAL INFORMATIONItem 1.
        
        Balance Sheet
        3Schedule of Investment
        4Statements of Operations
        5Statements of Stockholders' Equity (Deficit)
        6Statements of Cash Flows
        7Notes to Financial Statements
        8-9Item 2.
        
        Management's Discussion and Analysis of Financial Condition and Results
        of Operations
        10-15PART II - OTHER INFORMATION
        16SIGNATURE PAGE
        17-19SARBANNES-OXLEY CERTIFICATIONS
        20






2

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|CLX Investment Company, Inc.          |                                                                                                                                                 |         
|------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------- | --------
|                                      |                                                                                                                                                
|Balance Sheet                         |                                                                                                                                                
|ASSETS                                |                                                                                                                                                
|                                      |                                                                                                                                                 |         
|2005                                  | 2004                                                                                                                                           
|                                      |                                                                                                                                                 |         
|Current Assets                        |                                                                                                                                                 |         
|                                      | Cash                                                                                                                                            | $       
|Total Current Assets                  |                                                                                                                                                 | 33,975  
|Equipment, Net                        |                                                                                                                                                 | -       
|Investments (See Schedule)            |                                                                                                                                                 |         
|                                      | Investments                                                                                                                                     |         
|                                      | Total Investments                                                                                                                               |         
|                                      | Total Assets                                                                                                                                    | $       
|LIABILITIES AND STOCKHOLDERS' DEFICIT |                                                                                                                                                 |         
|Current Liabilities                   |                                                                                                                                                 |         
|                                      | Accounts Payable                                                                                                                                | $       
|                                      | Interest Payable                                                                                                                                |         
|                                      | Convertible Debentures                                                                                                                          |         
|                                      | Total Current Liabilities                                                                                                                       |         
|                                      | Total Liabilities                                                                                                                               |         
|Stockholders' Equity                  |                                                                                                                                                 |         
|                                      | Preferred Stock, Authorized 20,000,000
      Shares, $0.01 Par Value, 9,000,000 and 0 Shares Issued and Outstanding
      respectively          |         
|                                      | Common Stock,  Authorized 1,980,000,000
      Shares, $0.01 Par Value, 9,997,634 and 1,197,634 Shares Issued and
      Outstanding respectively |         
|                                      | Stock Subscription Receivable                                                                                                                   |         
|                                      | Additional Paid in Capital                                                                                                                      |         
|                                      | Retained Deficit                                                                                                                                |         
|Total Stockholders' Deficit           |                                                                                                                                                 | (91,240)
|                                      | Total Liabilities and Stockholders' Deficit                                                                                                     | $       
|                                      | Net Asset Value                                                                                                                                 | $       

The accompanying notes are an
  integral part of these financial statements.



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|CLX Investment Company, Inc.                                                                
|--------------------------------------------------------------------------------------------
|Schedule of Investments                                                                     
|March 31, 2005                                                                              
|EQUITY INVESTMENTS:                                                                         
|                                                                                            
|Company                                                                                     
|                                                                                            
|eStrategy Solutions, Inc.                                                                   
|Total Investment                                                                            
|                                                                                            
|COMMERCIAL LOANS:                                                                           
|                                                                                            
|Company                                                                                     
|                                                                                            
|eStrategy Solutions, Inc.                                                                   
|Interest on Credit Line                                                                     
|Total Loans                                                                                 
|TOTAL INVESTMENTS AND LOANS                                                                 
|                                                                                            
|                                                                                            
|Fair value determined by the
      Company's Board of Directors using the following formula:
|                                                                                            
|(1)- The cost of the investment                                                             





The accompanying notes are an integral part of these financial statements.

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|CLX Investment Company, Inc.                                                     |  
|-------------------------------------------------------------------------------- | -
|                                                                                
|Statements of Operations                                                        
|(Unaudited)                                                                     
|                                                                                
|                                                                                 |  
|                                                                                
|                                                                                
|                                                                                 |  
|Investment Revenue                                                               | $
|Interest Income                                                                  |  
|Total Revenues                                                                   |  
|Operating Expenses                                                               |  
|General & Administrative                                                         |  
|Professional fees                                                                |  
|Total Operating Expenses                                                         |  
|Net Operating Income (Loss)                                                      |  
|Other Income (Expense)                                                           |  
|Gain on forgiveness of Debt                                                      |  
|Interest Expense (note 2)                                                        |  
|Total Other Income (Expense)                                                     |  
|LOSS FROM CONTINUING OPERATIONS                                                  |  
|INCOME (LOSS) FROM DISCONTINUED OPERATIONS NET OF ZERO TAX EFFECT                |  
|Income Tax Expense                                                               |  
|Net Income (Loss)                                                                | $
|Net Income (Loss) Per Share                                                      | $
|Weighted Average Shares Outstanding                                              |  
|The accompanying notes are an integral part of these
      financial statements. |  
|                                                                                
|                                                                                

5

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|CLX Investment Company, Inc.                                                                |                
|------------------------------------------------------------------------------------------- | ---------------
|                                                                                           
|Statements of Stockholders' Equity (Deficit)                                               
|                                                                                            |                
|                                                                                            | Preferred Stock
|                                                                                            | Shares         
|Balance, September 30, 2003                                                                 |                
|                                                                                            |                
|October, 2003 retirement of Treasury
      stock                                            |                
|                                                                                            |                
|September 2, 2004, sale of
      subsidiary for exchange of shares                          |                
|                                                                                            |                
|Net loss for period ended September
      30, 2004                                          |                
|Balance, September 30, 2004                                                                 |                
|                                                                                            |                
|Stock issued on conversion of
      debentures, November through December, 2004 (Unaudited) |                
|                                                                                            |                
|Beneficial Conversion Expense
      related to Convertible Debentures (Unaudited)           |                
|                                                                                            |                
|Stock issued for cash sale on
      January 17, 2005 (Unaudited)                            |                
|                                                                                            |                
|Preferred Stock issued February 1,
      2005                                               | 9,000,000      
|                                                                                            |                
|Restricted stock issued for cash on
      February 1, 2005 (Unaudited)                      |                
|                                                                                            |                
|Stock issued on conversion of
      debentures, January through March, 2004 (Unaudited)     |                
|                                                                                            |                
|Net Loss for period ended March 31,
      2005 (Unaudited)                                  |                
|                                                                                            | 9,000,000      
|The accompanying notes are an
      integral part of these financial statements.            |                
|                                                                                           





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|CLX Investment Company, Inc.                                                    
|--------------------------------------------------------------------------------
|                                                                                
|Statements of Cash Flows                                                        
|                                                                                
|                                                                                
|                                                                                
|Months Ended                                                                    
|March 31,                                                                       
|                                                                                
|                                                                                
|Cash Flows from Operating Activities:                                           
|Net Income (Loss)                                                               
|Adjustments to Reconcile Net Loss to Net Cash
      Provided by Operations:     
|Depreciation and depletion                                                      
|Abandoned leases                                                                
|Gain on sale of assets                                                          
|Beneficial Conversion expense                                                   
|Financing costs                                                                 
|Gain on write off of Debt                                                       
|Bad Debt Allowance                                                              
|Changes in Operating Assets and Liabilities:                                    
|(Increase) Decrease in:                                                         
|Accounts receivable                                                             
|Prepaid expense                                                                 
|Increase (Decrease) in:                                                         
|Accrued expense                                                                 
|Accounts payable                                                                
|Net Cash Provided (Used) by Operating
      Activities                          
|Cash Flows from Investing Activities:                                           
|Purchase of Property and Equipment                                              
|Proceeds from sale of property and
      equipment                              
|Investment in subsidiary                                                        
|Advances line of Credit                                                         
|Net Cash Provided (Used) by Investing
      Activities                          
|Cash Flows from Financing Activities:                                           
|Reductions to long-term debt                                                    
|Cash sale of stock                                                              
|Proceeds from convertible debentures                                            
|Repayments of convertible debentures                                            
|Net Cash Provided (Used) by Financing
      Activities                          
|Increase (Decrease) in Cash                                                     
|Cash and Cash Equivalents at Beginning of
      Period                          
|Cash and Cash Equivalents at End of Period                                      
|Cash Paid For:                                                                  
|Interest                                                                        
|Income Taxes                                                                    
|Non-Cash Investing and Financing Activities:                                    
|Stock Issued for Convertible Debentures                                         
|The accompanying notes are an integral part
      of these financial statements.



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CLX INVESTMENT COMPANY, INC.Notes to the Financial Statements 
  March 31, 2005 and 2004

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.
  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 consolidated 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. 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. At that
  time, it was agreed in principal that CLX Energy would be sold, subject to a
  fairness opinion, to certain minority shareholders of the Company. On
  September 1, 2004 the Company completed the sale of 100% of its interest in
  CLX Oil & Gas, LLC to certain minority 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 as defined under the
  Investment Act of 1940. Additionally, on September 13, 2004, the Company filed
  an offering circular with the SEC for up to $5,000,000 of common stock under
  Regulation E of the Investment Act to raise capital and to make investments in
  eligible emerging or early-stage companies in various fields of business by
  arranging for and contributing capital and providing management assistance. 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. 
  NOTE 2 - CONVERTIBLE DEBENTURES 
  During the quarter ended March 31, 2005, the Company issued $155,000 of
  convertible debentures to support operations. The debentures have varying
  terms of 60 days to 90 days, accrue interest at 8% per annum, and convert at a
  discount of 50% of the closing bid for the Company's common stock on the date
  of conversion. All convertible debentures are convertible at the option of the
  holder or the Company and automatically convert into common stock in the event
  of bankruptcy or liquidation. During the quarter ended March 31, 2005, the
  Company converted $50,000 of convertible debentures issued in private quarters
  into 5,000,000 shares of common stock. The Company recorded a beneficial
  conversion expense of $155,000 during the quarter ended March 31, 2005
  bringing the total of beneficial conversions expense recorded this fiscal year
  to $315,000. The company also wrote off $1,000 of convertible debenture debt
  that was forgiven.

8

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The Company does not
  consider the convertible debentures to be "Senior Securities" as defined by
  the Investment Company Act of 1940 since, at the Company's option, the
  obligation can be converted into common stock thus placing the debentures on a
  parity with common stock. The Company is required to maintain net asset to
  Senior Security coverage of 200%. If convertible debentures were deemed to be
  "Senior Securities" the Company's coverage would be negative, resulting in an
  out of compliance condition.
  NOTE 3 - EQUITY TRANSACTIONS
  During the quarter ended March 31, 2005, the Company issued 5,000,000 shares
  of common stock on the conversion of $50,000 of convertible debentures. The
  Company also issued 200,000 shares of common stock for a cash sale of $2,000.
  This stock was issued unrestricted under the Company's exemption from
  registration pursuant to Regulation E. The Company issued 3,000,000 shares of
  restricted common stock for a cash sale of $15,000.
  NOTE 4 - RELATED PARTY
  The Company sold 1,000,000 shares of restricted common stock to each of two
  unaffiliated individuals (2,000,000 shares total) in an arm's length
  transaction for total cash consideration of $10,000. Mr. Shane Traveller, the
  CEO of the Company, agreed to purchase an additional 1,000,000 on the same
  date under the same terms. The cash consideration from Mr. Traveller was
  received in April 2005 and has been listed as a "stock subscription
  receivable" as of March 31, 2005.
  NOTE 5 - PREFERRED STOCK
  During the quarter ended the Company issued 9,000,000 shares of Series A
  Preferred stock in consideration of a financing commitment.
  NOTE 6 - SUBSEQUENT EVENTS Stock Issuance
  The Company issued 1,000,000 shares of common stock on the conversion of
  $10,000 of convertible debentures.
  Subsequent to the quarter ended March 31, 2005 the Company was paid the $5,000
  outstanding in stock subscription receivable.Convertible Debentures
  Subsequent to the end of the quarter ended March 31, 2005 the company issued
  two convertible debenture for a total of $25,000. The debenture is payable in
  120 days, accrues interest at 8% per annum, and converts at a discount of 50%
  of the closing bid on the day of conversion, or at the lowest price allowable
  as set by CLX Investment Company, Inc. in an effective registration statement
  or exemption notification as filed with the Commission for the Company's
  common stock on the date of conversion. The debenture is convertible at the
  option of the holder or the Company, and automatically converts into common
  stock in the event of bankruptcy or liquidation. 
  The Company does not consider the convertible debentures to be "Senior
  Securities" as defined by the Investment Company Act of 1940 since, at the
  Company's option, the obligation can be converted into common stock thus
  placing the debentures on a parity with common stock. The Company is required
  to maintain net asset to Senior Security coverage of 200%. If convertible
  debentures were deemed to be "Senior Securities" the Company's coverage would
  be negative, resulting in an out of compliance condition.Advances
  Subsequent to the quarter ended March 31, 2005 the Company advanced an
  additional $18,000 to eStrategy Solutions, Inc. against the line of credit
  agreement of $250,000, bringing the total advanced under the credit line to
  $98,950.
  NOTE 7 - GOING CONCERN
  The ability of the Company to continue as a going concern is dependant upon
  its ability to successfully seek out and consummate investments, or to secure
  other sources of financing such that it may commence profitable operations.
  Further, if the Company is not able to generate positive cash flow from
  operations, or is unable to secure adequate funding under acceptable terms,
  there is substantial doubt that the company an continue as a going concern.
  The accompanying financial statements do not include any adjustments that
  might be necessary if the Company is unable to continue as a going concern.

9

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MANAGEMENT'S
  DISCUSSION AND ANALYSIS OF RESULTS
  OF OPERATIONS AND FINANCIAL CONDITION

GENERAL
  The statements contained in this Quarterly Report on Form 10-Q that are not
  historical facts may contain forward-looking statements that involve a number
  of known and unknown risks and uncertainties that could cause actual results
  to differ materially from those discussed or anticipated by management.
  Potential risks and uncertainties include, among other factors, general
  business conditions, government regulations, manufacturing practices,
  competitive market conditions, success of the Company's business strategy,
  delay of orders, changes in the mix of products sold, availability of
  suppliers, concentration of sales in markets and to certain customers, changes
  in manufacturing efficiencies, development and introduction of new products,
  fluctuations in margins, timing of significant orders, and other risks and
  uncertainties currently unknown to management.CRITICAL ACCOUNTING POLICIES
  The Company's financial statements and related public financial information
  are based on the application of accounting principles generally accepted in
  the United States of America ("GAAP"). GAAP requires the use of estimates;
  assumptions, judgments and subjective interpretations of accounting principles
  that have an impact on the assets, liabilities, revenue and expense amounts
  reported. These estimates can also affect supplemental information contained
  in the external disclosures of the Company including information regarding
  contingencies, risk and financial condition. We believe our use of estimates
  and underlying accounting assumptions adhere to GAAP and are consistently and
  conservatively applied. We review valuations based on estimates for
  reasonableness and conservatism on a consistent basis throughout the Company.
  Primary areas where financial information of the Company is subject to the use
  of estimates, assumptions and the application of judgment include
  acquisitions, valuation of long-lived and intangible assets, and the
  realizability of deferred tax assets. We base our estimates on historical
  experience and on various other assumptions that we believe to be reasonable
  under the circumstances. Actual results may differ materially from these
  estimates under different assumptions or conditions. Valuation Of Long-Lived And Intangible Assets
  The recoverability of long lived assets requires considerable judgment and is
  evaluated on an annual basis or more frequently if events or circumstances
  indicate that the assets may be impaired. As it relates to definite life
  intangible assets, we apply the impairment rules as required by SFAS No. 121,
  "Accounting for the Impairment of Long-Lived Assets and Assets to Be Disposed
  Of" as amended by SFAS No. 144, which also requires significant judgment and
  assumptions related to the expected future cash flows attributable to the
  intangible asset. The impact of modifying any of these assumptions can have a
  significant impact on the estimate of fair value and, thus, the recoverability
  of the asset.

Income TaxesWe recognize deferred tax assets and liabilities based on the differences
  between the financial statement carrying amounts and the tax bases of assets
  and liabilities. We regularly review our deferred tax assets for
  recoverability and establish a valuation allowance based upon historical
  losses, projected future taxable income and the expected timing of the
  reversals of existing temporary differences. As of March 31, 2005, we
  estimated the allowance on net deferred tax assets to be one hundred percent
  of the net deferred tax assets.Valuation of Investments
  As required by ASR 118, the investment committee of the company is required to
  assign a fair value to all investments. To comply with Section 2(a)(41) of the
  Investment Company Act and Rule 2a-4 under the Investment Company Act, it is
  incumbent upon the board of directors to satisfy themselves that all
  appropriate factors relevant to the value of securities for which market
  quotations are not readily available have been considered and to determine the
  method of arriving at the fair value of each such security. To the extent
  considered necessary, the board may appoint persons to assist them in the
  determination of such value, and to make the actual calculations pursuant to
  the board's direction. The board must also, consistent with this
  responsibility, continuously review the appropriateness of the method used in
  valuing each issue of security in the company's portfolio. The directors must
  recognize their responsibilities in this matter and whenever technical
  assistance is requested from individuals who are not directors, the findings
  of such intervals must be carefully reviewed by the directors in order to
  satisfy themselves that the resulting valuations are fair.

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No single standard for determining "fair value...in good faith" can be laid
  down, since fair value depends upon the circumstances of each individual case.
  As a general principle, the current "fair value" of an issue of securities
  being valued by the board of directors would appear to be the amount which the
  owner might reasonably expect to receive for them upon their current sale.
  Methods which are in accord with this principle may, for example, be based on
  a multiple of earnings, or a discount from market of a similar freely traded
  security, or yield to maturity with respect to debt issues, or a combination
  of these and other methods. Some of the general factors which the directors
  should consider in determining a valuation method for an individual issue of
  securities include: 1) the fundamental analytical data relating to the
  investment, 2) the nature and duration of restrictions on disposition of the
  securities, and 3) an evaluation of the forces which influence the market in
  which these securities are purchased and sold. Among the more specific factors
  which are to be considered are: type of security, financial statements, cost
  at date of purchase, size of holding, discount from market value of
  unrestricted securities of the same class at time of purchase, special reports
  prepared by analysis, information as to any transactions or offers with
  respect to the security, existence of merger proposals or tender offers
  affecting the securities, price and extent of public trading in similar
  securities of the issuer or comparable companies, and other relevant matters.
  
  The board has arrived at the following valuation method for its investments.
  Where there is not a readily available source for determining the market value
  of any investment, either because the investment is not publicly traded, or is
  thinly traded, and in absence of a recent appraisal, the value of the
  investment shall be based on the following criteria:

> 1. Total amount of the Company's actual investment ("AI"). This amount shall
>   include all loans, purchase price of securities, and fair value of securities
>   given at the time of exchange. 
>   2. Total revenues for the preceding twelve months ("R"). 
>   3. Earnings before interest, taxes and depreciation ("EBITD") 
>   4. Estimate of likely sale price of investment ("ESP") 
>   5. Net assets of investment ("NA") 
>   6. Likelihood of investment generating positive returns (going concern).

The estimated value
  of each investment shall be determined as follows:

> Where no or limited
>   revenues or earnings are present, then the value shall be the greater of the
>   investment's a) net assets, b) estimated sales price, or c) total amount of
>   actual investment.
>     Where revenues and/or earnings are present, then the value shall be the
>   greater of two point five times (2.5x) revenues or six times (6x) earnings,
>   plus the greater of the net assets of the investment or the total amount of
>   the actual investment.
>     Under both scenarios, the value of the investment shall be adjusted down if
>   there is a reasonable expectation that the Company will not be able to recoup
>   the investment or if there is reasonable doubt about the investments ability
>   to continue as a going concern.

The Board of
  Directors of the Company, using the above formula, has valued the Company's
  investments at $142,144. The Board has not retained independent appraisers to
  assist in the valuation of the portfolio investments because the cost was
  determined to be prohibitive for the current levels of investments.



11

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COMPANY STRATEGY
  CLX Investment Company, Inc. ("the Company" or "CLXN") was incorporated under
  the laws of Colorado under the name of Calvin Exploration Company, Inc. on
  December 12, 1977 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 2004, the Company
  has engaged in only one industry segment and line of business, namely 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 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. All Gas and Oil operations are
  reported as discontinued operations in the accompanying financial reports.
  On September 13, 2004 the Company's Board of Directors elected to be regulated
  as a business investment company under the Investment Company Act of 1940. As
  a business development company ("BDC"), the Company is required to maintain at
  least 70% of its assets invested in "eligible portfolio companies", which are
  loosely defined as any domestic company which is not publicly traded or that
  has assets less than $4 million. On September 1, 2004 the Company changes it's
  name to CLX Investment Company, Inc. to properly reflect the nature of its
  business.
  The Company made its first portfolio acquisition on December 6, 2004, by
  entering into an agreement to acquire 40% of eStrategy Solutions, Inc., a
  four-year-old e-learning and cost recovery solutions company, in exchange for
  $60,000 and an agreement to provide an operating line of credit of $250,000.
  eStrategy Solutions, Inc is the Company's only portfolio investment at March
  31, 2005. Investment Strategy
  CLX Investments Company, Inc. intends to make strategic investments in
  cash-flow positive companies with perceived growth potential. The Investment
  Committee has adopted a charter wherein these two criteria will be weighed
  against other criteria including strategic fit, investment amount, management
  ability, etc. In principle, the Company will prefer to make investments in
  companies where the Company can acquire at least a 51% ownership interest in
  the outstanding capital of the portfolio company, or exert some other
  management control.
  As a Business Development Company, the Company is required to have at least
  70% of its assets in "eligible portfolio companies." It is stated in the
  Investment Committee Charter that the Company will endeavor to maintain this
  minimum asset ratio.

12

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Portfolio
  Investments
  The Company presently has one portfolio investment: eStrategy Solutions, Inc.,
  a Texas corporation specializing in the development, and marketing of
  e-learning software solutions. The Company owns 40% of the common stock of
  eStrategy Solutions, Inc., which it acquired in exchange for cash and an open
  line of credit. eStrategy Solutions already has training software in place but
  is projecting a late January completion date for its expanded content delivery
  platform, which is expected to significantly increase the user capacity of its
  training programs. The implementation of this new platform is expected to
  allow the company to expand its customer base and grow revenues unfettered by
  current system limitations.
  The Texas Department of Information Resources has recently renewed its
  contract to engage the services of eStrategy Solutions. Under the terms of the
  contract, eStrategy Solutions can be retained by agencies to serve as the
  provider for agency defined training courses via web-based training. The
  contract includes development costs, notification to participants, delivery,
  testing, and management reporting, encompassing all state agencies, all
  institutions of higher learning, all independent school districts, counties
  and municipalities. To date, there have been several thousand deliveries
  covering over 20 courses. In addition to delivery, eStrategy Solutions
  provides completion documentation and management reports. 
  In the State of Texas, eStrategy Solutions has focused its business strategy
  on a large market niche that has a clear need for low-cost, highly effective
  e-learning programs. eStrategy Solutions has proven a new unique sales and
  pricing model that targets a defined portion of overlooked clients. By
  focusing on thousands of licensing, regulatory agencies and certificate
  granting organizations, eStrategy Solutions offers enterprise level software
  features at low-cost, and it further creates a cost-recovery method which
  produces funds needed to deploy a robust e-learning system. An example of this
  cost-recovery method is at work with the Texas Board of Chiropractic Examiners
  (CE). This agency chose eStrategy Solutions to host the learning system at no
  cost, convert the mandatory CE course to an attractive web based delivery to
  thousands of chiropractic professionals. The convenience of online secure
  payment and 24-hour access to courses become a source of savings for the user
  and eStrategy simply splits the revenue with the agency. 
  eStrategy Solution's market is not just limited to Texas. The model that has
  been developed in Texas is applicable to all the other states as well. The
  market potential for e-learning is in the billions of dollars and eStrategy
  Solutions is expected to grow and capture a significant percentage of its
  specific market segment.RESULTS OF OPERATIONSQuarter ended March 31, 2005 compared to quarter ended March 31, 2004
  During the quarter ended March 31, 2005, the Company incurred a net loss of
  $309,912 compared to a loss of $24,576 for the same quarter of 2004. The
  current loss is primarily due to an expense of $155,000 related to the
  beneficial conversion feature of new debentures and operating expenses, which
  were $63,307 for the quarter ended March 31, 2005. The Company will be able to
  keep future operating costs at a minimum based on the management agreement it
  has in place to outsource all its administrative support. Interest expense for
  the quarter ended March 31, 2005 was $248,749. The six month period ended March 31, 2005 compared to the six month period
  ended March 31, 2004
  Revenues for the six months ended March 31, 2005 were $1,194 compared with
  revenues of $0 for the six months ended March 31, 2004. Operating expenses for
  the six months ended March 31, 2005 were $133,845, generating a net loss of
  $541,740, or $0.13 per share, compared with a net loss of $21,431, or $0.01
  per share, for the six months ended March 31, 2004.

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Liquidity and
  Capital Resources
  The accompanying financial statements have been prepared in conformity with
  principles of accounting applicable to a going concern, which contemplates the
  realization of assets and the satisfaction of liabilities in the normal course
  of business. The Company has incurred operating losses in the quarter ended
  March 31, 2005, and some of the past years and has generated an accumulated
  deficit of $1,229,438. The Company requires additional capital to meet its
  operating requirements. Management plans to increase cash flows through the
  sale of securities and through the issuance of convertible debentures. The
  portfolio company, eStrategy Solution, is cash flow positive but will require
  additional funds against its line of credit to further expand its content
  delivery platform. Funds will also be required for additional portfolio
  investments. There are no assurances that such capital raising plans will be
  successful. No adjustments have been made to the accompanying financial
  statements as a result of this uncertainty. 
  As of March 31, 2005, the Company had total cash and current assets of $33,975
  and current liabilities of $267,359. The Company generated cash for operations
  through the issuance of common stock and sale of convertible debentures. The
  debentures issued have varying terms of 60 days to 90 days, bear interest at
  8%, and are convertible into common stock at a discount to market of 50% from
  the closing bid price on the date of conversion. Through March 31, 2005, the
  Company raised $450,000 all of which was from convertible debentures. Of this
  total, $135,000 was repaid in cash, $56,000 was converted to common stock and
  $1,000 was written off as forgiveness of debt leaving a balance of $258,000.
  Subsequent to March 31, 2005, an additional $10,000 was converted to common
  stock. On September 13, 2004, the Company filed a notification with the
  Securities and Exchange Commission of its intent to raise capital through the
  issuance of securities exempt from registration under Regulation E of the
  Securities Act of 1933. This exemption allows the Company to sell up to
  $5,000,000 of securities exempt from registration. Subsequent to March 31,
  2005 the company raised another $25,000 by issuing two additional convertible
  debentures under the same terms. There is no assurance that the Company will
  be able to raise any additional funds through the issuance of the remaining
  convertible debentures or that any funds made available will be adequate for
  the Company to continue as a going concern. Further, if the Company is not
  able to generate positive cash flow from operations, or is unable to secure
  adequate funding under acceptable terms, there is substantial doubt that the
  company can continue as a going concern. RISKS AND UNCERTAINTIES
  An investment in the Company involves a high degree of risk. In addition to
  matters discussed elsewhere in this report, careful consideration should be
  given to the following risk factors. This report contains certain
  forward-looking statements that involve risks and uncertainties. Our actual
  results could be substantially different from the results we anticipate in
  these forward-looking statements because of one or more of the factors
  described below and/or elsewhere in this report. If any of these risks were to
  actually occur, our business, results of operations and financial condition
  would likely suffer materially. The risks outlined below are those which
  management believes are material to an understanding of our business and the
  risks inherent in it, but such list is not exclusive of every possible risk
  which may impact the Company and its shareholders in the future. Additional
  risks and uncertainties not presently known to us or that we currently deem
  immaterial may also appear or increase in significance, and could therefore
  impair our projected business results of operations and financial condition.
  Risks Related to Our Business
  Our future operating results are subject to a number of risks, including our
  ability or inability to implement our strategic plan and to raise sufficient
  financing as required. Inability of our management to guide growth
  effectively, including implementing appropriate systems, procedures and
  controls, could have a material adverse effect on our business, financial
  condition and operating results. 
  Our future growth depends on the addition of portfolio companies that are cash
  flow positive and can contribute to the overall growth of the Company. The
  Company has a plan to implement acquisitions and is presently evaluating
  several companies to see if they will fit the criteria that have been
  established. The future performance of the companies acquired will determine
  if these evaluations were correct. And although part of the process is to
  evaluate the history of the companies to determine stability in their
  respective industries there is no assurance that this stability will continue.
  Change in revenue or expense projections or even changes in the industry that
  cannot be adjusted to will could adversely affect performance.

14

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We require
  additional funds to support our business operations.
  We require additional capital in order to implement our current business plan
  as contemplated in this report. CLX Investment Company intends to attempt to
  raise funds during the third fiscal quarter of 2005 through the issuance of
  convertible debentures and the sale stock exempt from registration to
  accredited investors. If we are unable to raise the necessary capital we
  require, which we estimate to be a minimum of $500,000 and not more than
  $2,000,000, then we may not be able to operate our business in the manner
  described in this report. Our inability to raise the funds we require, when we
  require them and on terms that are reasonably acceptable to our management,
  would have a materially adverse effect upon our ability to maintain and grow
  our business. If we do raise the funds we require to grow the business, it could result
  in substantial dilution to our existing shareholders.
  To the extent that much of our financing will be raised through the issuance
  of convertible debentures, stock will be issued at a discount to the market
  upon conversion of the debt resulting in substantial dilution to our existing
  shareholders which is disproportionate to the value of the funds received by
  us in such transaction. There is no guarantee that additional financing will
  be available to us on acceptable terms when needed, or at all. Our failure to effectively manage our growth could have a material adverse
  effect on our business.
  We expect our business to grow rapidly. Such growth will place a significant
  strain on our management systems and resources. We will need to continue to
  improve our operational and financial systems and managerial controls and
  procedures, and we will need to continue to expand, train and manage our
  workforce. If we are unable to retain key personnel or attract new personnel, it could
  have a material adverse effect on our business.
  The loss of services of any of our key personnel or our inability to
  successfully attract and retain qualified personnel in the future would have a
  material adverse effect on our business. We do not maintain key person life
  insurance on any of our employees. Risks Related To Our IndustryLaws and regulations may prohibit or severely restrict our ability to raise
  capital.
  Various government agencies in the United States and throughout the world
  regulate capital raising practices. If we are unable to continue our business
  in our existing manner then we may not be able to acquire additional portfolio
  investments, which would hamper or even cause our business to fail.
  Additionally, government agencies and courts may use their powers and
  discretion in interpreting and applying laws in a manner that limits our
  ability to operate or otherwise harm our business. Also, if any governmental
  authority brings a regulatory enforcement action against us that interrupts
  our ability to raise capital, or which results in a significant fine or
  penalty assessed against us, our business could suffer. CONTROLS AND PROCEDURES.
  As required by Rule 13a-15 under the Securities Exchange Act of 1934 (the
  Exchange Act"), we carried out an evaluation of the effectiveness of the
  design and operation of our disclosure controls and procedures within the 90
  days prior to the filing date of this report. This evaluation was carried out
  under the supervision and with the participation of the Company's Chief
  Executive Officer and Chief Financial Officer, Mr. Shane Traveller. Based upon
  that evaluation, the Company's Chief Executive Officer and Chief Financial
  Officer concluded that our disclosure controls and procedures are effective in
  timely alerting management to material information relating to us and required
  to be included in our periodic SEC filings. There have been no significant
  changes in our internal controls or in other factors that could significantly
  affect internal controls subsequent to the date we carried out our evaluation.
  
  Disclosure controls and procedures are controls and other procedures that are
  designed to ensure that information required to be disclosed in our reports
  filed or submitted under the Exchange Act is recorded, processed, summarized
  and reported, within the time periods specified in the Securities and Exchange
  Commission's rules and forms. Disclosure controls and procedures include,
  without limitation, controls and procedures designed to ensure that
  information required to be disclosed in our reports filed under the Exchange
  Act is accumulated and communicated to management, including our Chief
  Executive Officer and Chief Financial Officer, to allow timely decisions
  regarding required disclosures.

15

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PART II. 
  Other Information 
  Item 1. Legal Proceedings

> None

Item 2. Changes in
  Securities
  During the six months ended March 31, 2005, the Company issued 5,600,000
  shares of common stock were issued in payment of $56,000 of convertible
  debentures under a Regulation E exemption. The Company also issued 200,000
  shares of its common stock for cash at $.01 per share and 3,000,000 shares of
  restricted common stock for cash at $.005 per share. Item 3. Defaults Upon Senior Securities

> None

Item 4. Submission of
  Matters to Vote of Security Holders

> None

Item 5. Other
  Information

> None

Item 6. Exhibits and
  Reports on Form 8-K

> 99.1 Chief Executive
>     Officer Certification as Adopted Pursuant to Section 302 and 906 of the
>     Sarbanes-Oxley Act of 2002. 
>     99.2 Chief Financial Officer Certification as Adopted Pursuant to Section
>     302 and 906 of the Sarbanes-Oxley Act of 2002. 
>     Item 5.02 Departure of Directors or Principal Officers; Election of
>     Directors; Appointment of Principal Officer
>     On March 15, 2005, the Company accepted the resignation from Steven Peacock
>     as the Secretary of the Company and effective immediately appointed Mr.
>     Kenneth Wiedrich as Secretary.
>     (Form 8-K was received on March 18, 2005)
>     Item 3.02 Unregistered Sale of Equity Securities and Item 3.03 Material
>     Modifications to Rights of Security Holders
>     On January 28, 2005, the Company's board of directors designated ten million
>     (10,000,000) shares of Series A Preferred Stock.
>     On February 1, 2005, the Company issued nine million (9,000,000) shares of
>     Series A Preferred Stock to Michael Chavez.
>     (Form 8-K was received on February 15, 2005)
>     Item 3.02 Unregistered Sale of Equity Securities
>     On January 31, 2005, the Company sold a total of three million (3,000,000)
>     shares of its unregistered common stock at a price of $0.005 per share. The
>     shares are restricted as to their transfer and were issued exempt from
>     registration pursuant to Section 4(2) of the Securities Act of 1933.
>     (Form 8-K was received on February 2, 2005)

16

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SIGNATURE PAGE

In accordance with the
  requirements of the Exchange Act, the registrant caused this report to be
  signed on its behalf by the undersigned, thereunto duly authorized.

|Dated: May 13,  2005 | CLX Investment Company, Inc.By:/s/ Shane H. Traveller
      Shane H. Traveller
      Chief Executive Officer
|-------------------- | ------------------------------------------------------------------------------------------------------------







17

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CLX Investment Company, Inc.
  a Colorado Corporation
  CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Shane
  H. Traveller, certify that: 
  1. I have reviewed this quarterly report on Form 10-Q of CLX Investment Company,
  Inc.;
  2. Based on my knowledge, this quarterly 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 quarterly report; 
  3. Based on my knowledge, the financial statements, and other financial
  information included in this quarterly 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 quarterly report; 
  4. The registrant's other certifying officers and I are responsible for
  establishing and maintaining disclosure controls and procedures (as defined in
  Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

> a) Designed such
>     disclosure controls and procedures to ensure that material information
>     relating to the registrant, including its subsidiaries, is made known to us
>     by others within those entities, particularly during the period in which
>     this quarterly report is being prepared; 
>     b) Evaluated the effectiveness of the registrant's disclosure controls and
>     procedures as of a date within 90 days prior to the filing date of this
>     quarterly report (the "Evaluation Date"); and 
>     c) Presented in this quarterly report our conclusions about the
>     effectiveness of the disclosure controls and procedures based on our
>     evaluation as of the Evaluation Date;

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

> a) all significant
>     deficiencies in the design or operation of internal controls which could
>     adversely affect the registrant's ability to record, process, summarize and
>     report financial data and have identified for the registrant's auditors any
>     material weaknesses in internal controls; and 
>     b) any fraud, whether or not material, that involves management or other
>     employees who have a significant role in the registrant's internal controls;
>     and

6. The registrant's
  other certifying officers and I have indicated in this quarterly report
  whether there were significant changes in internal controls or in other
  factors that could significantly affect internal controls subsequent to the
  date of our most recent evaluation, including any corrective actions with
  regard to significant deficiencies and material weaknesses. 
  Date: May 13, 2005/S/ Shane H. TravellerShane H. Traveller
  Chief Executive Officer

18

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CLX Investment Company, Inc.
  a Colorado Corporation
  CERTIFICATION OF CHIEF FINANCIAL OFFICER

I,
  Shane H. Traveller, certify that: 
  1. I have reviewed this quarterly report on Form 10-Q of CLX Investment
  Company, Inc.; 
  2. Based on my knowledge, this quarterly 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 quarterly report; 
  3. Based on my knowledge, the financial statements, and other financial
  information included in this quarterly 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 quarterly report; 
  4. The registrant's other certifying officers and I are responsible for
  establishing and maintaining disclosure controls and procedures (as defined in
  Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

> a) designed such
>     disclosure controls and procedures to ensure that material information
>     relating to the registrant, including its subsidiaries, is made known to us
>     by others within those entities, particularly during the period in which
>     this quarterly report is being prepared; 
>     b) evaluated the effectiveness of the registrant's disclosure controls and
>     procedures as of a date within 90 days prior to the filing date of this
>     quarterly report (the "Evaluation Date"); and 
>     c) presented in this quarterly report our conclusions about the
>     effectiveness of the disclosure controls and procedures based on our
>     evaluation as of the Evaluation Date;

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

> a) all significant
>     deficiencies in the design or operation of internal controls which could
>     adversely affect the registrant's ability to record, process, summarize and
>     report financial data and have identified for the registrant's auditors any
>     material weaknesses in internal controls; and 
>     b) any fraud, whether or not material, that involves management or other
>     employees who have a significant role in the registrant's internal controls;
>     and

6. The registrant's
  other certifying officers and I have indicated in this quarterly report
  whether there were significant changes in internal controls or in other
  factors that could significantly affect internal controls subsequent to the
  date of our most recent evaluation, including any corrective actions with
  regard to significant deficiencies and material weaknesses. 
  Date: May 13, 2005/S/ Shane H. TravellerShane H. Traveller
  Chief Financial Officer

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Exhibit 99.1

CERTIFICATION

Pursuant
  to Sections 302 and 906 of the Corporate Fraud Accountability Act of 2002 (18
  U.S.C. Section 1350, as adopted), Shane H. Traveller, Chief Executive Officer
  of CLX Investment Company, Inc. (the "Company"), hereby certifies that, to the
  best of his knowledge:
  1. the Quarterly Report on Form 10-Q of the Company for the fiscal quarter
  ended March 31, 2005 (the Report) fully complies with the requirements of
  Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m
  or 78o(d)); and 
  2. the information contained in the Report fairly presents, in all material
  respects, the financial condition and results of operations of the Company.
  
  Dated: May 13, 2005/S/Shane H. TravellerShane H. Traveller
  CHIEF EXECUTIVE OFFICER

20

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Exhibit 99.2

CERTIFICATION

Pursuant to Sections 302 and 906 of the Corporate Fraud Accountability Act of
  2002 (18 U.S.C. Section 1350, as adopted), Shane H. Traveller, Chief Financial
  Officer of CLX Investment Company, Inc. (the "Company"), hereby certifies
  that, to the best of his knowledge: 
  1. the Quarterly Report on Form 10-Q of the Company for the fiscal quarter
  ended March 31, 2005 (the Report) fully complies with the requirements of
  Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m
  or 78o(d)); and 
  2. the information contained in the Report fairly presents, in all material
  respects, the financial condition and results of operations of the Company.
  
  Dated: May 13, 2005

/S/Shane H. TravellerShane H. Traveller 
  CHIEF FINANCIAL OFFICER

21

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