Redex Inc.
TSX VENTURE : RDX
FRANKFURT : W1F

Redex Inc.

February 29, 2008 14:03 ET

Michel Piette Announces His Participation in Redex Inc.

MONTREAL, QUEBEC--(Marketwire - Feb. 29, 2008) - Michel Piette announced today that he acquired privately and indirectly through Primex Network Inc. the participation of 1,000,000 Common shares of Redex Inc. (TSX VENTURE:RDX) (FRANKFURT:W1F) (hereinafter, "Redex") at the price of $0.20 per shares. On a diluted and non-diluted basis, this holding represents 4.73% of Redex's Common shares issued and outstanding as at February 29, 2008.

As of this day, following this acquisition of 1,000,000 Common shares, Michel Piette holds directly and indirectly, 3,448,876 Common shares of Redex. On a diluted and non-diluted basis, Michel Piette therefore directly and indirectly holds 16.31% of Redex's Common shares issued and outstanding as at February 29, 2008.

Redex Inc.'s Common shares are listed on the TSX Venture Exchange under the symbol RDX and on the Frankfurt Stock Exchange under the symbol W1F.

The Redex securities held directly and indirectly by Michel Piette are held for investment purposes. Such investment will be periodically reviewed and Michel Piette's holding may be increased or decreased in the future.

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

Contact Information

  • Redex Inc.
    Michel Piette
    President and Chief Executive Officer
    514-954-1551
    m.piette@redex.ca