SCOTTSDALE, AZ, July 14, 2014 /CNW/- RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced that Tony Ker will no longer serve as an executive officer of the Company, but will remain chairman of the board of directors and Kevin Bridges will no longer serve as an officer-director of the Company, but will remain as the Company's chief financial officer. As a result of Mr. Ker's resignation, Mr. Ker will qualify as an independent director of the Company for the purposes of the TSX Venture Exchange.
Mr. Dennis M. Danzik, CEO of RDX, commented, "RDX is now in a position to begin assembling a board of directors that will allow for continued growth, and have more independent and diverse members. We appreciate the guidance and leadership Tony Ker has provided as a member of the senior management team. This change was timely in that it provides him greater independence as a director. Although no longer an executive officer, he will remain actively engaged in helping guide the company as chairman of the board and supporting our planned listing on a senior exchange in the United States."
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, Crescendo Communications, (212) 671-1021, [email protected]