Board of Directors Approves Share Award
SCOTTSDALE, AZ and CALGARY, AB, Sept. 5, 2013 /CNW/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today announces the board of directors has approved a new three year employment contract for Kevin Bridges, the Company's Chief Financial Officer. The contract includes a grant of 500,000 incentive share awards under the terms of the Share Award Plan of the Corporation approved by shareholders on February 10, 2012 (the "Plan"). The share awards are granted in tandem and may be exercised by the recipient as stock options or stock appreciation rights in accordance with the provision of the Plan. The share awards are subject to vesting provisions as established by the Corporation's Compensation Committee.
Dennis M. Danzik, RDX CEO stated, "I am extremely pleased that Kevin Bridges has chosen to make this long term commitment to RDX and as a Company we are more than committed to Kevin's success here at RDX. In the past year, Kevin's financial guidance has proven invaluable. Over the last five months of restructuring the Company and gaining precise focus, Kevin has delivered above and beyond the call. Kevin is one of the most dedicated, and skilled CFOs that I have had the pleasure to work with, and the balance of our employee Team here at RDX expresses the same sentiment."
About RDX Technologies Corporation
RDX Technologies Corporation is a water treatment and energy technology company. The Company is applying proprietary technology to treat water generated from industrial and commercial waste water markets. 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 Corporation
For further information:
David Waldman at Crescendo Communications