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Lexon Technologies, Inc. Completes Reverse Merger with Paragon Toner

Thursday 15. October 2009 - Lexon Technologies, Inc. (BULLETIN BOARD: LEXO) has completed a reverse merger with Paragon Toner Inc., (www.ptoner.com), a Southern California based manufacturer of recycled toner cartridges. The effective date of the merger is October 22, 2009.

Under the terms of the Merger Agreement, Lexon Technologies has issued 347,448,444 shares to the shareholders of Paragon in return of 100% ownership of Paragon. The company will retain the name of Lexon Technologies, Inc. and the symbol LEXO.OB.

Since its inception in 1993, Paragon has seen consistent growth and profitability. For the year 2008, Paragon recycled and sold over 200,000 toner cartridges. Currently, the recycled toner market has grown into a 12 billion dollar business and Paragon has seen an unprecedented increase of both sales and profits during the last three years. Paragon supplies primarily large retailers and distributors of the product as well as operating an online retail division.

James Park, new CEO of Lexon and the former owner of Paragon, said that, “In the past we have amply provided for our families and our employees by emphasizing profits, and growth, however, from this point forward we seek to do the same for our shareholders and investors.”

Mr. Park further added, “We believe our timing is impeccable. With the worldwide awareness of green sustainable or recycled goods, and the need for cheaper products, timed with a rebound in the markets, we hope to capitalize with continued growth and solid financials.”