DEERFIELD BEACH, Fla. and NAPOLEONVILLE, La., June 13, 2007 (PRIME NEWSWIRE) -- Red Reef Laboratories International, Inc. (Pink Sheets:RRLB), a scientific research, development, and marketing group focused on commercializing a variety of chemical and biological products, today announced that the company will pay a one-time stock dividend to shareholders as of a July 12, 2007 record date, paid in the form of restricted shares in the company. The stock dividend is consistent with the company's previously multi-part strategy to help increase value to its shareholders.
Dr. Claus Wagner-Bartak, President of Red Reef Laboratories International, Inc. stated, "With the payment of this stock dividend, we are communicating to our shareholders that we appreciate their loyalty and patience while the company continues to execute its multi-step plan to increase shareholder value. We have pledged to devote 100% of our efforts to build value for Red Reef shareholders and we have made substantial progress so far. This 5% stock dividend is just one of many avenues we will take to provide increased value to our shareholders."
About Red Reef Laboratories International, Inc.:
Red Reef Laboratories International, Inc. is a scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of chemical and biological products, utilizing advanced surfactant technology and increasingly "green" compounds. These series of products are specifically designed for biocidal and virucidal applications. An example of these products at work is the revolutionary BioClear(r) system which enables the company to provide a new generation mold remediation protocol which is convenient and cost effective. The system provides mold remediation in residential, commercial, industrial and institutional buildings quickly, safely and economically; providing higher profitability for the company and savings for insurance companies and property owners. For more information, please visit the Company's web site at www.redreef.biz.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.