TORONTO, Sept. 4, 2012 /CNW/ - Donald Meade, an owner of Rx110, Inc. announced today he's reached a binding settlement with RXT 110, Inc (CNSX: ZRO) previously Triangle Multi-Services Corporation (CNSX: TMS) and renamed BioSenta, Inc to reclaim full intellectual property rights for his revolutionary Rx100 Technology.
Rx100 is a scientifically proven alternative to the fillers found in most construction materials and products used worldwide. Where traditional fillers were proven to attract and promote the growth of mould, Rx100 was engineered to eliminate mould at the source. For the first time ever, Rx100 and its host of products offer the opportunity to rid mould and its related health hazards from our environment.
"I began my venture with RXT 110 Inc. as a licensee for Canada with the mission to eliminate mould from our world," explains Meade. "When a decision was made by RXT 110 Inc. to utilize the more temporary 'dry ice' and 'decanted brine' solutions for mould remediation, it became clear that we did not share that vision." Meade immediately resigned from his position in August 2011.
As part of the settlement, Donald Meade and his family returned all shares issued in favor of his intellectual property for the Canadian market.
"Most people don't realize that a staggering 73% of homes in Canada contain mould," says Meade. "That's a direct result of ground limestone-based fillers used in everything from paint, to drywall, to roofing and siding materials. Ground limestone is a mould magnet. Rx100 acts as a mould repellent. If we are to address the serious health hazards of mould for ourselves and generations to come, we need to stop the short-sighted, short-term solutions. Rx100 offers a permanent solution to mould and that's where we can focus the company's time and resources."
Rx100 is a revolutionary technology developed exclusively by Donald Meade over the past 14 years. The technology developed and owned by Meade is the only known technology in the world that not only eliminates mould at the source but in the cleaning product line is impervious to regrowth for up to 99 years.
"I am pleased to have my technology and full rights back. I have always retained my passion and commitment to serve the company's growing client base," says Meade. "Additionally, I look forward to expanding our reach with the introduction of our "ringed" (encapsulated) version of Rx100 to supply the plastics industry with leading solutions for mould, antimicrobial and increased fire retardency solutions. This and other recent developments will establish Rx110, Inc. as the leader in the filler technology segment well into the future."
SOURCE: Rx110, Inc.
For further information:
Lorne C. Kelly
Global Business Development