WILMINGTON, Del., Feb. 2, 2015 (GLOBE NEWSWIRE) -- Redux Holdings, Inc. (OTC:RDXH) announces preparation for this upcoming spring and summer. This includes building 100 new A3 Vertical Systems. The expected income projections month by month from 100 A3 Vertical systems is roughly $600,000. Each system produces 150 pounds of basil per week and there are 4 weeks in a month. The wholesale price for basil is roughly 10 dollars a pound. Our A3 Vertical Grow system will sell weekly starting in spring and summer 2015. Our Profit Margin is projected to be 84%.
Redux Holdings, Inc. will be announcing a 60 million dollar J/V Partner in the near future. This J/V Partner is in the essential oils sector.
Management wishes to also update shareholders on the back end processes. The below Completed updates have taken place.
- OTC Markets Management, Contact information, Transfer agent and share structure information has been successfully updated Etc.
- The Transfer Agent has been switched to VStock Transfer.
- The NV SOS Pref. stock amendment has been sent to NV SOS pending review.
- DTC has contacted the company to Validate/update information.
Management is still in the middle of the following processes:
- 2 Years unaudited Financials
- 2 Years of auditing Financials
- Uploading the updates to the OTC Markets
- Retiring upwards to 10,000,000 shares from the Outstanding common stock
- Acquisitions
- J/V
The Next shareholder meeting will be posted on our company's website www.leotechholdingsinc.com, the information to dial into the call will also be posted there as well.
If any shareholder has any questions please feel free to contact us via the contact information below.
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.