RXT 110 Inc.

November 03, 2011 14:44 ET

RXT 110 INC.-Executive Employment Agreement

TORONTO, ONTARIO--(Marketwire - Nov. 3, 2011) - RXT 110 INC. (CNSX:RXT) (the "Company") has entered into a five year employment agreement with its President, with automatic renewals for successive one year terms thereafter unless otherwise terminated. The President will be paid a salary of $250,000 per year and may earn a discretionary bonus. The President is entitled to certain termination payments and acceleration of unvested options in the event that his employment is terminated other than for cause or by resignation, or in the event of his voluntary resignation in the event of a change of control of the Company. Generally, the President may be entitled to payments based on base salary and bonus for the balance of the unexpired term of the employment agreement or for three years, whichever is greater, and to continuation of benefit plans. The employment agreement includes customary non-competition, non-solicitation and confidentiality provisions in favour of the Company which continue following termination of his service to the Company. Additional particulars of the terms of the employment agreement will be provided in the Company's management information circular in connection with the 2011 meeting of shareholders.

About RXT 110 Inc.

RXT 110 Inc.'s line of retail anti-microbial products will effectively kill mould, bacteria and fungi on contact and prevent re-growth. These products address the demand created by the mounting health and environmental concerns. Mould can affect the immune system, nervous system, liver, kidneys, blood and cause brain damage.

RXT will also manufacture and distribute RXT 110, an anti-microbial filler. Calcium Carbonate is one of the most common fillers used industrially. It is susceptible like other fillers that hold moisture to attracting mold. Annual global revenue in the calcium carbonate filler industry approximates 140 billion dollars. RXT 110 Inc. will produce anti-microbial filler that performs 'filling' and 'bulking' functions like calcium carbonate. RXT 110 does not attract moisture and consequently mold infestation. RXT filler with its anti-microbial high ph core in individual particles enhances commercial product life and eradicates a broad spectrum of known bacteria, fungi, algae and other micro-organisms by suppression of their reproduction.

Forward-Looking Information

This release may contain forward-looking statements information and statements which constitute "forward-looking information" under Canadian securities law and which may be material regarding, among other things, the Company's beliefs, plans, objectives, estimates, intentions and expectations. Inherent in the forward-looking information and statements are known and unknown risks, uncertainties and other factors beyond the Company's ability to control or predict, which give rise to the possibility that the Company's predictions, forecasts, expectations or conclusions will not prove to be accurate, that its assumptions may not be correct and that the Company's plans, objectives and statements will not be achieved. Actual results or developments may differ materially from those contemplated by the forward-looking information and statements. Consequently, undue reliance should not be placed on such forward-looking statements.

On behalf of the Board of Directors of RXT 110 Inc.

Bruce Lewis, Chairman

The CNSX has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. Neither the CNSX nor its Regulation Services Provider (as such term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.

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