RDX Gives Fiscal 2015 Guidance
2015 EPS Range of $ 0.08 to $ 0.12
SCOTTSDALE, AZ, March 4, 2014 /CNW/ - RDX TECHNOLOGIES CORPORATION ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) an energy and water treatment technology company, today announced financial guidance for fiscal 2015 which ends March 31st, 2015.
The Company recently posted its Company presentations from the Toronto Subscribers Investor Summit and its fiscal 2015 Financial Guidance to the Company's website.
The Company estimates and gives guidance that franchise sales to own and operate the Company's water treatment equipment systems are estimated at 40 total units through fiscal 2015. Revenue is estimated at $56 million dollars. Five units were sold in fiscal 2014 representing about $ 9.1 million dollars.
The Company estimates that revenues from our energy, water, and equipment sales and rentals segments will approximate $29 to $51 million dollars for fiscal 2015.
The Company estimates that total revenues from all segments will approximate $85 to $107 million dollars for fiscal 2015.
The Company is giving guidance that the EBITDA will be in the range of $19 to $26 million dollars in fiscal 2015 and earnings per share are estimated in the range of $ 0.08 to $ 0.12 per share.
Dennis M. Danzik, Chief Executive Officer of RDX, stated, "Our employees continue to deliver exceptional customer value and are highly focused on the execution of our business plan. In addition our franchise and owner operator opportunities are attracting exceptional candidates in the United States, Canada, and Europe. Our backlog of interested applicants for franchise and owner operator facilities now exceeds 50 units."
Danzik added "In anticipation of our continued growth, RDX will open additional sales offices in multiple geographic locations, including internationally, targeting energy customers, franchise sales, and water treatment opportunities. Shortly, we will be launching a new marketing campaign to inform the public about our Company and its products and services. This month RDX will be featured in a Forbes advertising section for Platts, and it will mark our first national advertising efforts with a full page ad that highlights and emphasizes our energy program for diesel fuel users in the United States and Canada. We are planning additional programs in the future; including major energy and water conference attendance, in the U.S., Canada and Europe."
About RDX Technologies Corporation
RDX Technologies Corporation is an energy and water treatment technology company. The Company is applying proprietary technology to refine liquid fuels from materials mined from waste water generated from industrial and commercial sources. These markets include a wide variety of clients across a broad spectrum of industries. The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
SOURCE RDX Technologies CorporationFor further information:
David Waldman at Crescendo Communications