Redex Inc.

Redex Inc.

June 11, 2007 14:35 ET

Redex Inc. Concludes a Private Placement of $300,000

MONTREAL, QUEBEC--(Marketwire - June 11, 2007) - Redex inc. ("Redex" or the "Corporation")(TSX VENTURE:RDX)(FRANKFURT:W1F), a leader in the conversion of rental properties to co-ownerships, is pleased to announce that it has completed a non-brokered private placement for 600,000 units at a price of $0.50 per unit for an aggregate amount of 300,000$, subject to the final approval of the TSX Venture Exchange.

Each unit will consist of one (1) common share (the "Common Shares") and one (1) of a warrant of the Corporation ("Warrant"). Of the subscription price, the Corporation intends to allocate Cdn$0.499 per Common Share and Cdn$0.001 to the price of the Warrant comprised in each Unit. Each Warrant will entitle the holder thereof, subject to adjustment in certain events, to purchase, during a period of twelve (12) months from the date of issuance of the Warrant, one (1) Common Share at an exercise price of Cdn$0.65 per Common Share and at an exercise price of Cdn$1.00 per Common Share during the second period of twelve (12) months thereafter.

Redex intends to utilize the proceeds of the private placement as working capital.

REDEX... Real estate at your service!

About Redex Inc.

In prior years, Redex was a leader in real estate recovery and restructuring. Turning its attention to the future, Redex is now becoming the leader in the art of converting residential rental housing into co-ownerships. The common shares of the Corporation are currently listed on the Toronto Venture Exchange (symbol:RDX) and the Frankfurt Stock Exchange (symbol:W1F).

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

Contact Information