DEERFIELD BEACH, Fla., Oct. 17, 2006 (PRIMEZONE) -- Red Reef Laboratories International, Inc. (Pink Sheets:RREF) announces that its common stock is now traded on Pinksheets.com with Spartan Securities Group as the primary market maker.
"Providing liquidity for our loyal shareholders keeps a promise made at the beginning of our journey almost four years ago," Dr. Claus G. Wagner-Bartak, President and Chairman of Red Reef Laboratories International, Inc., an innovative application and development company of advanced chemicals, was pleased to relate. He concluded, "This first step in our long-term plan for growth and stability is designed to better position the company to access equity capital needed for our developments. In addition to introducing new, environmentally compatible products for efficient surface decontamination, Red Reef Labs will embark on a strategy to seek acquisition candidates and partners to enhance earnings and growth in the near term."
Dr. Claus G. Wagner Bartak, the guiding force behind Red Reef Labs, holds university degrees in several science disciplines, and also pioneered and coordinated the development of the "CANADARM", the robotic arm used as an essential and successful system on the NASA space shuttle and space station missions.
Red Reef Labs is in the business of acquiring and developing innovative advanced chemical products, systems and facilities in support of an aggressive bio-defense and health-conscious remediation of our challenged environment.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
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