RDX Technologies Closes Sale of Canadian Assets


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RDX Technologies Closes Sale of Canadian Assets

Canada NewsWire












RDX Closes Sale of its Canadian Environmental and Soils Operations





SCOTTSDALE, AZ, Sept. 5, 2013 /CNW/ - RDX ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company announces the closing
of the previously announced sale of both of its Canadian Environmental
Services and GreenFill business divisions to Ridgeline Canada, Inc. of
Calgary.




RDX is pleased to announce subject to final approval of the TSXV the
sale of all of its Canadian Environmental ("Consulting") and GreenFill
soils treatment ("GreenFill") business divisions to Ridgeline Canada,
Inc. (RCI) of Calgary. The sale includes both operating divisions based
in Canada. The divisions known as Ridgeline Environment and Ridgeline
GreenFill will be operated as a private company.  Ridgeline Canada,
Inc. will also become the exclusive representative for waste water
treatment in Canada for the oil and gas industry.




In summary, the terms of the transaction are as follows; a $
2,000,000.00
paid in earnest monies with $2,377,693.11 in cash at
closing to the Vendor and to pay down Vendor debt, and additional
assumption of Vendor debt of and the immediate assumption by RCI of $
2,565,891
in vendor debt and overhead costs by RCI for a total price of
$6,943,584.11. A discount of $500,000 was made for the cash payment of
the $2,500,000 note to be issued which reduce the net price from what
would have been without discount $7,443,584.11





About RDX Technologies Corporation




RDX Technologies Corporation is a water treatment and energy technology
company. The Company is applying proprietary technology to treat water
generated from industrial and commercial waste water markets. These
markets include a wide variety of clients across abroad spectrum of
industries. The Company trades on the TSX Venture Exchange under the
symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as
"RL7".




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











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