Redex Inc.
TSX VENTURE : RDX

Redex Inc.

August 17, 2006 18:44 ET

Redex Inc. Announces A $1,000,000 CAN Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Aug. 17, 2006) - Redex Inc. ("Redex") (TSX VENTURE:RDX) announces today that it is considering concluding a private placement totalling one million Canadian dollars (CAN$1,000,000) and is hereby making a price reservation. This private placement of one million Canadian dollars ($1,000,000CAN) will be comprised of Class "A" shares, also called common shares, at a price of $0.60 per share, for a total of 1,666,666 common shares.

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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.

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