RDX Technologies Corporation Announces Change of Auditors

SCOTTSDALE, AZ, Nov. 22, 2013 /CNW/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a technology driven company operating in the waste water and energy services industries, today announced that the Board of Directors has approved a change of the Company's auditors.

Following the divestiture of its Canadian operations in September 2013, the Company's current accountants, Ernst & Young LLP, located in Vancouver, BC Canada, have resigned. With the Company's operations located solely in the United States the Board of Directors has appointed a U.S. based accounting firm to replace Ernst & Young, LLP.

Effective November 21, 2013, the Company's new auditors became Squar, Milner, Peterson, Miranda & Williamson, LLP, certified public accountants. Squar, Milner, Peterson, Miranda & Williamson, LLP is a United States based accounting firm with head offices in Newport Beach, California. Squar, Milner, Peterson, Miranda & Williamson, LLP is a legally independent member of PKF North America, which is a member of PKF International.

In addition to previous audit work related to acquisitions made by the Company in the United States, Squar, Milner, Peterson, Miranda & Williamson, LLP reviewed the Company's quarterly financial statements for the three and six months ended September 30, 2013.

The Company will make the regulatory filings required under NI51-102 - Continuous Disclosure Obligations respecting its change of auditor within the next 30 days.

ON BEHALF OF THE BOARD OF DIRECTORS

"Dennis M. Danzik"
Dennis M. Danzik, CEO
danzikdirect@rdxh2o.com

"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 Corporation

For further information:

David Waldman at Crescendo Communications
Investor Relations
(212) 671-1021
dwaldman@crescendo-ir.com

Organization Profile

RDX Technologies Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890