Robix Environmental Technologies, Inc.

Robix Environmental Technologies, Inc.

June 07, 2016 16:15 ET

Robix Retains Gravitas Securities Inc. as Financial Advisor

LETHBRIDGE, ALBERTA--(Marketwired - June 7, 2016) - Robix Environmental Technologies, Inc. ("Robix" or the "Corporation") (CSE:RZX)(FRANKFURT:R0X) is pleased to announce that it has engaged Gravitas Securities Inc. ("Gravitas") to act as financial adviser to Robix, as it relates to the contemplated merger between Robix and Formation Fluid Management Inc. (doing business as Formation Fluid Technology Inc.) ("Formation Fluid"). (see press release dated May 26, 2016)

Gravitas will provide a number of services to Robix including a fairness opinion on the proposed transaction. In addition to these advisory services, Gravitas will provide ongoing business consulting services, review contemplated transactions of Robix, and from time to time, provide recommendations in regards to capital requirements and strategic business decisions.

"I value their strategic counsel on this important transaction with Formation Fluid," said Nathan Hansen, President and CEO of Robix. "The transaction with Formation Fluid makes sound business logic from a product synergies and customer acquisition and retention perspective and I look forward to working with Gravitas on the financial aspects of this important transaction."

About Robix:

The Corporation is an "industrial products/technology" company, offering to investors a unique opportunity to participate in a leading company in the business of ownership of patents, and their development from commercialization to worldwide expansion through various business arrangements. Robix owns a Clean Ocean Vessel ("COV") patent, which is an oil spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry, and it proposes to develop a business model as a service provider, and/or equipment provider under licensing agreements with other industry participants, wherein Robix will use its COV patented design solution.

About Gravitas:

GSI is a full service investment dealer platform registered with IIROC and headquartered in Toronto. GSI provides comprehensive investment banking services, retail advisory and private client portfolio management.

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements in respect of the completion of binding documentation to effect the Transaction. There is no certainty that the Transaction contemplated in the non-binding LOI will be effected by a final and binding Definitive Agreement. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Corporation can give no assurance that they will prove to be correct.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risk that the formal documentation effecting the Transaction is not completed or accepted. There is no certainty that a Definitive Agreement effecting the business combination will be completed or accepted. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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