Redex Inc.

Redex Inc.

May 02, 2008 17:48 ET

Redex Comments the Suspension of its Stock

MONTREAL, QUEBEC--(Marketwire - May 2, 2008) - Redex Inc. (the "Corporation") (TSX VENTURE:RDX)(FRANKFURT:W1F) wishes to inform its shareholders that the suspension of its stock is related to a late filing of its annual audited financial statements for the year end December 31st , 2007.

Indeed, the Corporation incurred additional delays in order to revalue its financial assets and liabilities at their just value following the entry in force of the new Chapter 3855 - Financial Instruments - Recognition and Measurement of the Chartered Accountants of Canada's Handbook. Consequently, the completion of the audited financial statements have not been completed within the prescribed time. Accordingly, the management of Redex Inc. is doing everything possible to issue the audited financial statements within the next 30 days and will see to immediately initiate the required reinstatement submissions with the TSX Venture Exchange and the Canadian regulatory authorities in order to reinstate the trading of its stock as soon as possible.

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. 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

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