WILMINGTON, Del., Dec. 24, 2014 (GLOBE NEWSWIRE) -- Redux Holdings, Inc. (OTCPINK:RDXH) is announcing the recent management appointments of Mr. Alexander Woods-Leo, as CEO, and Mr. Jonathan Bloomfield as Corporate Secretary and Director of Business Development.
New management will be authorizing the increase of Common Stock and Preferred Stock. The Authorized Shares of Common Stock will be increased to 400,000,000 shares with a par value of .001 per share. Authorized Preferred Stock will be increased to 5,000,000 shares, broken into A, B, C, D classes, with 900,000 shares that have not been classified. Management wants to elaborate on the increase of Common and Preferred Stock. With Redux Holdings, Inc. preparing to acquire a private company, it was crucial to increase the structure to be able to successfully complete the acquisition. Also new management wants to elaborate even further that it is only interested in preferred equity deals for capitalization. Lastly, Management wants to relay that it has alternative sources of funding and intends to simply make room for incoming shareholders.
Please remember Redux Holdings, Inc. is still very deep in the process of getting everything set up for the next stage in our strategy. Shareholders can also find information posted on social media sites indicated below on this press release on the contact section.
Management believes transparency is first and foremost, therefore becoming current is our number one objective. Any Shareholder who has any questions may contact management at (302) 235-3141.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
CONTACT: Redux Holdings, Inc. (302) 235-3141 firstname.lastname@example.org
Source:Redux Holdings, Inc.