Lexon Technologies, Inc. Announces Acquisition of Online Retailer of Inkjet and Toner Cartridges

LA MIRADA, Calif., Nov. 4 /PRNewswire-FirstCall/ -- Lexon Technologies, Inc. (OTC Bulletin Board: LEXO) today announced the acquisition of 7inkjet.com, an established online retailer of recycled inkjet and toner cartridges. Under the terms of the acquisition, Lexon will acquire the existing business of the website including the web domain and the customer database. Currently, 7inkjet's customer database has more than 12,000 registered customers. Further details of the acquisition can be found the on 8-K to be filed on November 4, 2009.

James Park, CEO of Lexon Technologies, stated, "We have found through years of experience that the online retailer industry is highly fragmented and almost invariably run by young independent businessmen who often times suffer because of large marketing and product costs. We are better equipped to operate an internet business as we have an existing, established, successful internet business in place, a substantial marketing budget and a high quality inventory readily available for shipment at all times.

"The integration of internet properties will be seamless as we have infrastructure in place to implement customer service and internet marketing programs at marginal cost. Lastly, as 7inkjet.com primarily sells inkjet cartridges, this is a large expansion of our inkjet business. We will gauge this business in detail and if positive, it may lead to our company either directly manufacturing inkjet cartridges or making a large acquisition of an inkjet manufacturer. This acquisition is one small part of our ongoing strategy to grow our internet presence, and we expect to acquire more internet properties soon."

Kevin Lee, General Manager of Lexon's E-Commerce Operations, stated, "With our existing 25,000 customer database and the acquisition of 7inkjet, we will have a customer database of close to 40,000. With aggressive, creative yet efficient marketing combined with the most competitive prices with highest quality, we are looking for a significant increase in our internet sales."

About Lexon Technologies, Inc.

Lexon Technologies is an environmentally "Green" company, a manufacturer of recycled toner for laser printers, fax and multifunction copiers. The Company primarily services large retailers and distributors but also has a growing internet division. Lexon has over 350 product lines with product prices generally 30-60% less than original (OEM) toner cartridges. With a product defect percentage of less than 1%, Lexon also offers a 100% guarantee on all of its products.

The company, based in La Mirada, California, (www.ptoner.com), has a 35,000 square foot factory on the premises, 86 employees, and the capacity to manufacture 50,000 cartridges per month and recycles 350 different models of toner cartridges.

        Contact:   Martin Lupian
        Tel:       714 522 0260
        Email:     martin@ptoner.com