WILMINGTON, Del., March 6, 2015 (GLOBE NEWSWIRE) -- Redux Holdings, Inc. (OTC:RDXH) is pleased to announce its new whole sales business line. Recently the company has acquired the full ownership rights to the A3 Vertical system. This acquisition was one phase of the overall strategy to corner the agriculture market in an attempt to become the first authority in the vertical farming sub sector. That said, Redux Holdings, Inc. has implemented our phase two objective of forming a whole sales business department for the distribution of sustainable produce.
As a company Redux Holdings, Inc. will grow produce on company owned land, sell our A3 Vertical Grow systems to farmers, and supply our whole sale distribution services across all clients since every client will be able to grow up to 10x more per annum compared to conventional farming methods. With this new increase of production farmers will need to increase their sales network to better handle the available outgoing produce.
According to the USDA "The organic sector has expanded rapidly over the last decade, as retail sales of organic food increased to $15.7 billion in 2006. As sales have grown, so have the number and types of outlets selling organic products..." (see http://www.ers.usda.gov/publications/eib-economic-information-bulletin/eib36.aspx ).
Management wants to relay the fact that our goal is to maximize the profitibility of the company by growing with a market that we intend to influence in expansion. We will continue to follow our philosophy of "build it, grow it, sell it, repeat".
The new wholesales business line is now currently serving Wyoming with over 50 distribution venues so far for farmers to utilize.
The next states to be active will include:
Colorado
Nevada
California
Oregon
Washington
Utah
Arizona
Illinois
Our end goal is to service the entire continental US by end of 2016.
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.