WILMINGTON, Del., Jan. 5, 2015 (GLOBE NEWSWIRE) -- Redux Holdings, Inc. (OTC:RDXH) announces it has acquired all remaining assets in Leo Tek Inc. Including all lines of marketing business, and equity stakes it holds in various companies. Leo Tek Inc. Held 10% stake in Leo Tech Holdings, Inc. In exchange for this transaction Redux Holdings, Inc. will give up 5% of Pref D stock.
Redux Holdings, Inc. has had several questions regarding whether the share structure of the common stock will change during the upcoming acquisitions, amendments, OTC Markets, getting current, and audits. We are very pleased to say the share structure will be staying as mentioned in the December 30, 2014 Press release. There is no foreseeable increase of the Authorized shares throughout this transition.
Below is still the current Share structure:
Authorized: 100,000,000
O/S: 29,574,106
Float: 3,074,106
So not only has the share structure been clarified, but management has zero intention of increasing the authorized shares throughout this transition period.
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.