SOURCE: Sciax Corp.

June 08, 2005 15:14 ET

Sciax Corp. Signs Agreement of Acquisition With RMD Entertainment Inc.

BAY CITY, MI and TORONTO -- (MARKET WIRE) -- June 8, 2005 -- Sciax Corp. (OTC: SCXC) announced today that it has completed an Agreement of Acquisition with RMD Entertainment Inc. As a result of this agreement RMD Entertainment Inc. is now a wholly owned subsidiary of Sciax Corp.

This acquisition marks the first success of the acquisition strategy that Sciax Corp. has been pursuing for some time. "We are pleased to have completed the acquisition of RMD Entertainment and expect this new business interest to provide increased shareholder value," stated Nitin Amersey, Chairman of Sciax Corp. "A continuation of this strategy is expected to result in further acquisitions as Sciax continues to evolve its business model," he added.

"We look forward to a long lasting and fruitful relationship between RMD and Sciax Corporation," stated Giorgio Costonis, CEO of RMD Entertainment Inc. "Our strategy is to continue being aggressive in finding high profile/high profit music and film projects that present the least amount of risk to RMD and Sciax Corp.," he added. "The benefit of joining forces with Sciax is that we will be able to capitalize more projects than we could have on our own," he further stated.

About Sciax

Sciax is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. (Pink Sheets: SCXC).

Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp., and is used by law enforcement and military organizations in North America and Europe. Customers include, military and law enforcement agencies of the US and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.

About RMD Dance Inc.

RMD has experienced good success on the international level with its dance hits and productions involving a variety of styles by many well-known artists. RMD has produced a wide variety of music including Pop, World Music, Hip Hop, Rock, Trance, Breaks, Tribal House, and Underground House Music. RMD's producers have collaborated with some of the most influential names in the music scene today such as Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Steve Winwood, Robin Scott, and Jazz Saxophone legend Bill Evans.

RMD Dance Inc., managed by KC Flightt, Giorgio Costonis, Freedom Williams, Fred Rollins and Mark Davis, specialize in the production of riveting remixes, and original pieces that have world appeal. Their goals are to produce the ultimate dance music experience. RMD is also known for producing and promoting dance music events around the world and is recognized as the "Weapon of Choice to Move the Masses," pushing the limits of sound thru talent, creativity and hard work.

This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., Sciax America Inc., RMD Entertainment Inc. and Sciax Corp. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The Company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense imaging system earnings, and all other forward looking statements be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

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