Robix Alternative Fuels Inc.

Robix Alternative Fuels Inc.

March 27, 2015 07:00 ET

Robix Signs LOI With Mexico Consortium to Jointly Market the COV in Mexico

LETHBRIDGE, ALBERTA--(Marketwired - March 27, 2015) - Robix Alternative Fuels, Inc. ("Robix" or the "Company") (CSE:RZX)(FRANKFURT:R0X) is pleased to announce that it has formed a Mexican subsidiary, Corris Technologies Mexico S.A. de C.V. (Corris) and through Corris it has entered into a non-binding Letter of Intent (LOI) with Grupo Macomax S.A. de C.V. in Mexico. Grupo Macomax is a Mexican Corporation that offers solutions to environmental emergencies in the whole Mexican territory. Grupo Macomax is a holding company that is part of a multi-million dollar consortium that has been in business for more than 17 years and has developed strong ties with Pemex and the Mexican Federal Government as a reliable service provider.

The purpose of the LOI is to reflect the desire of the parties to agree upon the terms of a commercial transaction, whereby Robix's Clean Ocean Vessel (COV) technology will be introduced to Mexico and utilized for oil spill recovery and remediation in that country. Efforts are currently underway to arrange for shipping the recently manufactured COV to Mexico for reassembly, testing and deployment upon the execution of a definitive agreement.

In addition, Corris has retained the services of local Mexican marketing experts Fidus & Creare to assist with the marketing of the COV in Mexico. For more information on Corris and the COV please visit the newly launched website

About Robix Alternative Fuels

The Corporation is an "industrial products/technology" company, which has developed the Clean Ocean Vessel ("COV"), an oil spill recovery vessel design with the capability to recover oil not only in rough and debris laden sea conditions but more contained environments such as lakes and rivers. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry. The business model is focused on Robix becoming a large-scale provider of services and/or equipment under licensing agreements with other industry participants, wherein Robix will use its COV patented design solution.

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

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