Redex Inc.

Redex Inc.

January 21, 2008 16:06 ET

Redex Inc.: A Second Offer for Le Montpellier

MONTREAL, QUEBEC--(Marketwire - Jan. 21, 2008) - Redex Inc. ("Redex" or the "Corporation") (TSX VENTURE:RDX)(FRANKFURT:W1F), is pleased to announce that, subsequent to the reception and disclosure of a Promise to Purchase for its Le Montpellier property last Wednesday, it has today received a second formal offer from MACH Group also superior to $20,000,000.

Due to the evident interest in Le Montpellier and Redex's objective to obtain maximum value, Management is seriously considering a sale by means of an open bid process. Management will soon inform its shareholders as to its decision with respect to the sale of this asset.

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 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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