TX Holdings Inc. announced that they have appointed Mr. Richard Novack as the Company's new president and to the Board of Directors. Mr. Novack replaces outgoing president Mr. Robert Hutchings, who has left the position to pursue other commitments but will remain a Director. This change is effective immediately. In the past 10 years Mr. Novack has been an active investor in the oil and gas industry.

TX Holdings Inc. reported earnings results for the second quarter ended March 31, 2009. For the quarter, the company's net loss was $246,646 against net loss of $295,060 for the same quarter in the previous year.

TX Holdings Inc. is looking for merger and acquisition (M&A) opportunities. The firm said, “In the shadow of the current released 8K, I want our shareholders to know that the company will continue to seek further avenues for merger and acquisitions while making further improvements to our existing properties.” It added, “TX Holdings, Inc. has stayed a fully reporting entity. It is our ongoing commitment to increase shareholder value and pursue any and all projects that fit into our company guidelines on our website.”