Redex Inc.
TSX VENTURE : RDX

Redex Inc.

March 21, 2007 15:56 ET

CORRECTION FROM SOURCE: Redex to List Shares on Frankfurt Stock Exchange

MONTREAL, QUEBEC--(CCNMatthews - March 21, 2007) - Please disregard the press release issued earlier today, it should have read like this:

Redex Inc. ("Redex") (TSX VENTURE:RDX) is extremely pleased to report that it has started the process of listing of its common shares on the Frankfurt Stock Exchange ("FWB"). Those common shares are expected to be trading on the FWB by the end of April. Common shares of Redex Inc. will continue to be traded on the TSX Venture Exchange.

Michel Piette, President of REDEX stated, "There are a large number of junior Canadian companies that have received substantial exposure by listing on the Frankfurt Exchange and we feel REDEX would garner similar coverage once we become listed. The European market has a large appetite for North American junior companies and we feel that this is a desirable time to participate in this market."

REDEX

Real estate at your service!

About Redex Inc.

In recent years, Redex had become a leader in real estate recovery and restructuring. Turning its attention to the future, Redex is now committed to becoming the leader in the art of converting residential rental housing into co-ownerships.

This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. You should independently investigate and fully understand all risks before making investment decisions.

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

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