WILMINGTON, DE / ACCESSWIRE / November 4, 2015 / Redux Holdings, Inc. (PINKSHEETS: RDXH) is pleased to announce the reduction in authorized common stock from the current 500,000,000 shares (500 million authorized common shares) to 100,000,000 shares (100 Million authorized common shares). The company is also pleased to announce that the Preferred Authorized stock will be reduced from 20,000,000 (20 Million authorized preferred shares) to 15,000,000 (15 Million authorized preferred shares).
This reduction comes in the wake of our recent releases stressing the fact that we have been working on our PCAOB Audits and Form 10 for up list to OTCQB. That being said the company recently released that we have mutually signed a deal with Southridge for a $3,500,000 equity purchase agreement. Even with this agreement in place the company strongly feels it has more than enough authorized common stock to facilitate that agreement to it's end.
The company also wishes to relay the fact that the filing with Nevada Secretary of State to reflect the decrease in authorized shares will take several business days. Shareholders can find this information once its processed at http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=VD%252bbP34p%252fBrK31ZSgAk%252b4w%253d%253d&nt7=0
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.
CONTACT:
Redux Holdings, Inc.
302.235.3141
www.leotechholdingsinc.com
alexleo@leotekholdings.com
Investor Relations: PACIFIC EQUITY ALLIANCE LLC
Investor Contact(s): Zachary R. Logan / Drew S. Phillips
Contact phone: 858.886.7237 info@pacif8ificequityusa.com
SOURCE: Redux Holdings, Inc.
