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CDEX Receives Two Notices of Default
Posted February 9, 2012
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ROCKVILLE, Md. -- On February 3, 2012, CDEX, Inc. (OTC:CEXI) received two Notices of Default for the non-payment of principal and interest from noteholders of CDEX 10% convertible notes due February 1, 2012, with a January 31, 2011 total principal and interest balance of approximately $48,277.
These default notices could trigger cross defaults on other obligations also causing them to accelerate.
CDEX Inc. is a technology development company focused on marketing and improving real-time chemical detection products proprietary, patented and patents pending technologies.
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