Redex Inc.

Redex Inc.

June 04, 2009 13:37 ET

CORRECTION FROM SOURCE/Redex: Changes to its Executive Management Team and its Board of Directors

MONTREAL, QUEBEC--(Marketwire - June 4, 2009) -

A correction from source is being issued with respect to the release sent out on June 3 at 6:37 PM EDT. The corrected version follows.

Redex Inc. ("Redex" or the "Company") (TSX VENTURE:RDX)(FRANKFURT:W1F) announces the appointment of Mrs. Marie-Josee Leboeuf as interim Vice President Sales and Marketing who cumulates over than 15 years of experience in the field of sales having worked for Nivel, Jay Norris and Birks. Redex also announces the appointment of Mr. Abderrazak Boughanmi as director of the Corporation. Mr. Boughanmi will make the Corporation benefit from his more than 30 years of experience in real estate.

Moreover, the Board of Directors appoints Guy Descoteaux as President and Chief Executive Officer of the Corporation. Mr. Descoteaux, who remains the Chief Financial Officier, is an executive officer and a director of the Corporation since its constitution and perfectly knows the goals to achieve. Those changes in the management are effective as of June 3, 2009.

Accordingly, Mr. Michel Piette is replaced following his departure as President, Chief Executive Officer and director to meet other professional challenges. The Board of Directors wishes to acknowledge the work done by Mr. Piette.

REDEX... Real estate at your service!

About Redex Inc.

In recent years, Redex was a leader in real estate recovery and restructuring. Redex is committed to providing quality real estate opportunities to the general public whatever the form while remaining focused on rental condos. The common shares of the Company are currently listed on the Toronto Venture Exchange (symbol:RDX) and the Frankfurt Stock Exchange (symbol:W1F).

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information