WILMINGTON, Del., March 17, 2015 (GLOBE NEWSWIRE) -- Redux Holdings, Inc. (OTC:RDXH) is pleased to announce the starting of 1,500 sweet basil plants for this spring. This will be the first installment in 2015 as we continue to grow our operations. These starters will be started on the Longmont farm we have a J/V with inside one of the 3,000 sq. foot green houses. Once the weather gets warmer over the next few weeks we will move them to our system outside.
Furthermore, Redux Holdings, Inc. has successfully obtained water rights on our 40 acres of land in Boone, Colorado. This is the first step of many to get the land ready for installation of over 100 A3 Vertical Systems.
Redux Holdings, Inc. is also pleased to announce we have successfully obtained licensing in Colorado, Nevada, California, Oregon, Washington, Utah, Arizona, and Illinois to become a whole sale distributor. Being a whole sale distributor allows us the ability to corner the market and receive maximum profit margins going forward. Currently Redux Holdings, Inc. has over 400 venders across all of its territory and is gaining traction fast. We expect 20% of the revenues generated to stem from our whole sale distribution service.
Management has scheduled a quarterly conference call on April 1, 2015 at 4:00 P.M. for all shareholders and perspective shareholders. This call will last approximately 1 hour and outline all the progress we have made as a company as well as go over any questions certain shareholders might have.
Dial in number: (712) 775-7031
Meeting ID: 146-806-642
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.