SCOTTSDALE,
AZ AND CALGARY, AB,
July 7, 2014 /PRNewswire/
- RDX Technologies Corporation ("RDX" or the "Company")
(TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and
energy technology company, today announces the sale of excess real
estate owned by its subsidiary Ridgeline Energy (USA), Inc. that was located in Santa Fe Springs, California.
Gross proceeds of the sale were $ 12.4MM with net proceeds before escrow expenses
and taxes of $ 8.412MM. The
sale included remediation fees due the Company, but does not
include additional revenues expected from remediation yet to be
completed on the site.
Further details will be outlined in a conference
call that is currently being scheduled for July 17th. Conference call details will be
announced on Wednesday, July 9th.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
danzikdirect@rdxh2o.com
"Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release. This news release
may contain forward-looking statements. Forward-looking statements
address future events and conditions and therefore, involve
inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements.
Such information is subject to known and unknown risks,
uncertainties and other factors that could influence actual results
or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward-looking
information. Readers are cautioned not to place undue reliance on
forward-looking information, as no assurances can be given as to
future results, levels of activity or achievements."
SOURCE RDX Technologies Corporation