SOURCE: Sciax Technologies

April 21, 2005 08:00 ET

Sciax Signs Letter Of Intent With RMD Dance Inc.

BAY CITY, MI and TORONTO -- (MARKET WIRE) -- April 21, 2005 -- Sciax Corp. (OTC: SCXC) announced today that it has signed a Letter Of Intent to acquire 100% of RMD Dance Inc.

The Letter of Intent that has been signed today marks the first success of a business strategy that Sciax Corp. has been pursuing for some time. This strategy is expected to result in further acquisitions as Sciax continues to evolve its business model.

"The focus of the acquisition strategy is to provide increased shareholder value from the resulting diversified operations portfolio of the corporation," stated Nitin Amersey, Chairman. "While we remain focused on our defense interests, Sciax felt that a broadening of our product mix would aid in offsetting the sporadic nature of our defense product activities." He added, "RMD Dance represents a performer in the field of the performing arts with significant works in progress."

Giorgio Costonis of RMD Dance Inc. stated, "We are pleased with this opportunity and look forward to working with Sciax Corp. as it diversifies its business activities."

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. (OTC: SCXC). www.sciax.com

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. 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

  • Contact:
    Sciax Technology
    (416) 778-6770 Phone
    (416) 778-8775 Fax
    info@sciax.com