BAY CITY, Mich. and TORONTO, Aug. 26, 2005 (PRIMEZONE) -- Sciax Corp. (Pink Sheets:SCXC) today announced the formation of an Advisory Board to oversee the company's growth opportunities. The Board will be headed by newly appointed CEO Giorgio Costonis, Chairman Nitin Amersey and Aldo Rotondi. Mr. Rotondi previously served on the Board of Directors of Sciax Corp. but later resigned due to disagreements with the former executives of the company. He recently spoke of his new role at Sciax Corp. "Sciax is creating an Advisory Board, the purpose of which is to add depth to the management team and gather knowledge from experienced business professionals and select individuals within the industry. This will increase Sciax's capabilities while exploring new opportunities to enhance shareholder value. I look forward to working with Giorgio and the new management team in this endeavor. We have a lot of wonderful opportunities available which can help to expand and diversify Sciax Corp."
Giorgio Costonis, CEO of Sciax Corp. added, "This undertaking is targeting all divisions of the company to increase overall shareholder value. It should be looked upon as an internal strategic audit of corporate performance and a re-examination of all opportunities for revenue and growth over the next two years. We are committed to doing everything we can do to improve the performance of Sciax for its shareholders. RMD Entertainment, as well as the defense division, will also be examined very closely by our Advisory Board. We will continue to be aggressive in pursuing all of the opportunities presented to the company while maintaining a controlled schedule of growth. Sciax has a lot of decisions to make and each one will be made with the best interests of the shareholders in mind. I am confident that the addition of Aldo Rotondi will enable us to manage all the tasks at hand, professionally and completely."
About Sciax
RMD Entertainment Inc. Division
RMD has experienced good success on the international level with its dance hits and productions involving a variety of styles by many well-known artists. RMD has produced a wide variety of music including Hip-Hop, Pop, World Music, Trance, Breaks, Tribal House, and Underground House Music. RMD's producers have collaborated with some of the most influential names in the music scene today such as Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Steve Winwood, Robin Scott, and Jazz Saxophone legend Bill Evans.
Sciax Defense Division:
Sciax Defense is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. http://www.sciax.com. Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp., and is used by law enforcement and military organizations in North America and Europe. Customers include military and law enforcement agencies of the U.S. and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., Sciax America Inc., RMD Entertainment Inc. and Sciax Corp. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The Company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense imaging system earnings, entertainment product earnings, and all other forward-looking statements be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.