WILMINGTON, Del., Feb. 12, 2015 (GLOBE NEWSWIRE) -- Redux Holdings, Inc. (OTC:RDXH) is proud to announce our first monthly state of the company letter. In Q1 2015 Redux Holdings, Inc. purchased 10% Preferred ownership in Leo Tech Holdings, Inc. from Leo Tek Inc. for 5% Preferred D class stock in Redux Holdings, Inc.
Redux Holdings, Inc. has been working on a major deal since November 2014 with a 60 Million dollar company in the Essential Oil extract business. This company is well established in the US, Singapore, and the UK. It has been around since 1993. CEO of the company has just completed an investment in our company for preferred stock. This deal will focus on expanding our business into other sub sectors in the agriculture industry as well as create global sales prospects for the A3 Vertical system. Mr. Alex Leo goes on to state, "Once the terms of this J/V and Partnership are completed, we will formally announce the deal. In the meantime the synergies between both companies remains strong and forward looking."
The Company went on to file a Form D with the SEC with respect to an initiated deal for $250,000 capital investment in Redux Holdings, Inc. The company intends to raise up to $10,000,000 through this Form D.
Currently the company has successfully completed the DTC chill removal. This has been a huge step forward in bringing Redux Holdings, Inc. to a fully functioning publicly traded company.
Redux Holdings, Inc. Current Progress
Redux Holdings, Inc. has also successfully received exclusive licensing rights and resell rights to the A3 Vertical Grow system. There is a shared revenue base of 50% production with an option for complete asset buyout over the next 24 months.
Redux Holdings, Inc. has successfully uploaded the 2013 annual financials to OTC Markets. This is one step towards becoming PINK Current. The next step is posting the Annual Financials for 2014, after which there will be an attorney letter with respect to current information uploaded from the company's Attorney.
The company will not stop at "Pink Current." The Company wishes to become an SEC Filer as well. Redux Holdings, Inc. has sent the 2013 Annual Financials to our auditor so we may prepare for our S-1 filing and then 211 filing and complete our Institutional capital raise.
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.