January 21, 2010 (FinancialWire) — Exobox Technologies Corp. (OTCBB: EXBX) said that as part of its ongoing business focus it has rescinded its October 22, 2009, acquisition of 17 oil and gas wells located in Ohio and will focus on marketing its current security software products and the development of its Secure Environmentalization software.

This unwinding means Exobox will save almost 20,000,000 shares of common stock it would have had to issue under the agreement and it eliminates $4.5 million in debt. In addition, it removes the “cloud of confusion” as to what is the core focus of Exobox.

“While the October 22, 2009, transaction was the most expedient option at the time, I feel that Exobox is now poised to rededicate its efforts as a software development company and as such should focus on its capital raise for the development of our Secure Environmentalization software,” said Exobox CEO Richard Kampa. “Given recent developments and interest in our technology, we made the decision to concentrate on our original goal of making Exobox a software company renowned worldwide.”

Exobox Technologies Corp. develops information risk management and security solutions that help organizations protect and recover their most valuable information assets.

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