SEATTLE, WA-(NewMediaWire- Jun 8, 2017) - 3DX
Industries Inc. (OTC PINK: DDDX) 3DX Industries Inc., (the "Company" or
"3DX"). 3DX Industries Inc. announced today that CEO Roger Janssen
has successfully negotiated the return of 3 million shares of 3DX
stock for return to treasury.
Earlier this year, the Company issued 5 million shares to settle
certain aged debt arising from transactions in fiscal 2013.
Subsequently, in order to forward the Company's directive to bring
new growth capital into the business, 3DX CEO Roger Janssen began
negotiations with the debtor to reduce the total shares issued for
this aged debt. In keeping with the 3DX mandate of limiting
shareholder dilution, 3DX CEO Roger Janssen was able to
successfully negotiate the return of 3 million shares from the
original 5 million issued from this third party debtor and the
shares will be returned to treasury.
3DX President and CEO Roger Janssen, commenting on this
successful conclusion, stated, "We believe our current share price
is highly undervalued and we are working diligently to bring
awareness of 3DX to the investment community. Our third party
debtors agreed and are returning these shares to assist the Company
with its efforts to bring new growth capital. Management will
remain diligent in its efforts to secure a financing to expand
operations but will not be entering into any type of toxic
financing arrangements that would negatively affect the
company."
Management is continuing to work towards updating its financial
reporting obligations and expects to file updated reports in the
coming weeks to bring the Company fully current on the OTC
Markets.
About the
Company: 3DX Industries, Inc. is focused on the
additive metal manufacturing segment within the manufacturing
industry. 3DX has the capability of manufacturing a wide
variety of products using its 3D metal printing system, 3D
composite printing as well as more traditional methods of precision
manufacturing. 3DX offers additive and subtractive manufacturing
options as well as product design, engineering and assembly
services to its customers.
Safe
Harbor 3DX encourages those
interested in our Company to rely only on information included in
our filings with the United States Securities and Exchange
Commission which can be found at www.sec.gov. Statements released
by 3DX Industries, Inc. that are not purely historical are
forward-looking within the meaning of the "Safe Harbor" provisions
of the Private Securities Litigation Reform Act of 1995, including
statements regarding the company's expectations, hopes, intentions,
and strategies for the future. Investors are cautioned that
forward-looking statements involve risk and uncertainties that may
affect the company's business prospects and performance. The
company's actual results could differ materially from those in such
forward-looking statements. Risk factors include but are not
limited to general economic, competitive, governmental, and
technological factors as discussed in the company's filings with
the SEC on Forms 10-K, 10-Q, and 8-K. The company does not
undertake any responsibility to update the forward-looking
statements contained in this release.
Visit the 3DX Industries, Inc. web site at www.3dxindustries.com. Information
included on the Company's website is not incorporated herein by
reference or otherwise.
