WILMINGTON, Del., May 29, 2015 (GLOBE NEWSWIRE) -- Redux Holdings, Inc. (OTC:RDXH) (the "Company") is pleased to announce that it has taken a number of steps to improve its 40 acres of Company-owned land (the "Land") located at 301 East County Line Road, North Boone, Colorado 81025.
Whereas the Company intends to bring electricity enhancements to the Land and plans to complete a well-water set-up as part of its commercialization efforts, the Company has retained Cardinal Survey & Design PLC (cardinalsurvey.com) to undertake a comprehensive boundary survey of the Land.
The Company has identified a 'clean room' manufacturer that meets its specifications and the Company intends to install a modular clean room on the Land. The Company has also selected modular office space as well as a sewage and septic engineering firm in order to meet the commercial requirements of the state of Colorado and Pueblo County.
Regarding this progress, Company CEO Alexander Woods-Leo said, "We are pleased to be moving forward with the development of our Land in preparation for larger-scale commercialization. Interest in the purchase of Company-grown produce is significant and we look forward to making our first customer deliveries after completion of these improvements."
Forward-Looking Statements
This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of Redux Holdings, Inc., and members of its Management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to the possibility that (1) Redux Holdings, Inc. may experience delays in the commercial operations of its A3 Vertical System™; and (2) the Company is the process of securing its intellectual property; and (3) sales expectations may not be realized. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.