Red Reef Labs Files Form 10-QSB as a Reporting Company

Decision is Part of Strategic Program to Become a Bulletin Board Exchange Listed Company


DEERFIELD BEACH, Fla. and NAPOLEONVILLE, La., Aug. 16, 2007 (PRIME NEWSWIRE) -- Red Reef Laboratories International, Inc. (Pink Sheets:RRLB), a scientific research, development, and marketing group focused on commercializing a variety of chemical and biological products, announced today that the Company has filed Form 10-QSB with the Securities and Exchange Commission (SEC) as is required by a reporting public company under the Securities Exchange Act of 1934, as amended.

Red Reef Laboratories International, Inc. filed the Form 10-QSB with the SEC on August 14, 2007, as part of the ongoing process to list on the OTC Bulletin Board exchange and remove itself from its current listing on the Pink Sheets. The Company intends to work with its financial relationships to complete the Bulletin Board listing process and execute on its previously stated plan of increasing shareholder value through a variety of initiatives.

Dr. Claus Wagner-Bartak, President and Chairman of Red Reef Laboratories International, Inc., commented, "Becoming a fully reporting audited company and filing timely Quarterly reports, such as this Form 10-QSB, is a significant step forward in our desire to have our Company listed on the Over-the-counter Bulletin Board exchange. We will continue to work with our various financial partners to get Red Reef Labs to the Bulletin Board within an expedited timeframe. This is just one facet of our strategic initiatives established to transform the Company into a national leader in the biological decontamination industry."

About Red Reef Laboratories International, Inc.:

Red Reef Laboratories International, Inc. is a scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of chemical and biological products, utilizing advanced surfactant technology and increasingly "green" compounds. These series of products are specifically designed for biocidal and virucidal applications. For more information, please visit the Company's web site at www.redreef.biz.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.


            

Contact Data