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                                                            Exhibit 99.1

                      REXON ANNOUNCES CHAPTER 11 FILING

DENVER, CO., SEPTEMBER 13, 1995, REXON Inc. (NASDAQ/REXNQ), announced today
that it has filed a voluntary petition for relief under the provisions of
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Colorado.  The filing is intended to allow the Company to
restructure its financial obligations through a plan of reorganization.

        The Company has been seeking to raise needed working capital through
additional debt and/or equity financings.  Despite REXON's best efforts, it has
been unable to complete such new financing or obtain a new credit line with
more favorable terms before today's filing.  Due to its shortage of working
capital and inability to obtain new debt or equity financing, REXON's Board of
Directors determined that a Chapter 11 filing was the alternative that would
allow the Company to continue in business and would be in the best interests of
its customers, creditors, shareholders, and employees.

        REXON is currently considering debtor-in-possession financing proposals
received by the Company and is in the process of selecting which proposal, if
any, will be submitted for bankruptcy approval.  This positive development
should allow the Company to maintain its present business and give it an
opportunity to increase revenues and return to profitability.  A hearing is
expected to be scheduled next week for the court's approval of a proposed
financing.

        The bankruptcy filing is limited to REXON Incorporated, the U.S. parent
corporation, and its REXON/Tecmar, Inc. subsidiary.  REXON's foreign
subsidiary, REXON Singapore, Pte. Ltd., intends to resume its manufacturing
operations, with a minimum of disruption and impediments.

        Robert C. Genesi, Chairman and CEO, stated "Our decision to seek
protection under Chapter 11 was a very difficult one.  We have made every
reasonable effort to complete a $10 million financing which, if successful,
would have given us the opportunity to take advantage of what we felt were good
business prospects going forward.  However, despite those efforts (which
included the sale of the Company's real estate in Solon, Ohio), the Company
could not complete the financing within the time available to us."

        Mr. Genesi added "While we obviously preferred to avoid this bankruptcy
filing, we believe that in the long term, this filing will benefit our
financial situation and allow us to begin to resume our routine operations with
a minimum of disruption.  The new requested line of credit will facilitate full
payment to all suppliers for goods and services that we receive after today's
filing.  We intend to promptly begin the preparation of a reorganization plan
which will be designed to strengthen REXON as a viable going concern while also
maximizing recovery for our creditors, vendors, and shareholders.  The
continued strong support being shown by our customers and creditors at this
time is very much appreciated and we fully believe we will be able to fulfill
their trust and confidence."

        The Company also announced that Henry E. Oberle, President, COO, and a
director (who was located at the sold Ohio facility), and Kanwal Rekhi, an
independent director, have recently resigned their positions with the Company
to pursue personal projects and other interests.

        REXON Inc. is a publicly owned company dedicated to data storage and
systems for the computer industry.  It offers Wangtek 1/4 inch cartridge (QIC)
and Digital Audio Tape (DAT) drive product.  Tecmar brand solutions include
QICVault, DATaVault, ProLine and ProLine CX.  Multimedia products are marketed
under the Tecmar brand to major OEM's and Distributors.

                                (REXNQ/NASDAQ)
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