Pontus Energy to Operate 16 Franchise
Locations
SCOTTSDALE, AZ and CALGARY, AB, Aug. 14,
2014 /PRNewswire/ - RDX Technologies Corporation ("RDX"
or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7), a water
treatment and energy technology company, today announces the
execution of a contract for the purchase and operation of RDX
franchise locations in Ohio,
southern Michigan and northern
Kentucky.
The Company yesterday entered into an agreement with Pontus
Energy, LLC of Cincinnati, Ohio
for sixteen (16) RDX franchises to be located within the
State of Ohio, Monroe County Michigan, and the counties of:
Boone, Kenton, Campbell, Gallatin, Grant, and Pendleton in the State of Kentucky. The total value of the
agreement is US$ 19.92MM.
Pontus has agreed to install, open and place into operation all of
the locations by March
31st, 2015. Pontus has identified and committed
to real estate locations which shall be announced as the locations
are permitted, and operating. Pontus will be developing locations
concurrently during this fiscal year.
The Company anticipates the filing of franchise paperwork with
the State of Ohio no later than
September 5th, 2014. A
franchise agreement that meets each state's franchise filing laws
and disclosures will be completed prior to the delivery of any RDX
equipment. Pontus Energy management and staff have been involved in
the development of the locations, and RDX training for about seven
months.
Dennis M. Danzik, Chief Executive
Officer of RDX stated, "The RDX team welcomes Brian Donnellan and the Pontus organization to
RDX. It has been both exciting and a great pleasure to work
with Brian and his team over the past year. Pontus brings
substantial restaurant and food service business experience to the
RDX franchise opportunity as well as the right mindset and attitude
necessary for a startup operation."
Brian Donnellan, President of
Pontus stated, "The RDX business and franchise model is working,
and growing. The list of customers that RDX has and continues to
build upon is impressive. It is an opportunity that we have worked
hard to be a part of, and we look forward to our future with RDX.
Pontus now has a platform to offer disruptive interceptor and waste
water treatment and a path to profit from energy sales - a unique
business combination in two high growth opportunities. During our
presale period, from June until today, we have pre-sale commitments
from over 225 customer locations in our reserved territory."
Mr. Danzik concluded, "Pontus has been instrumental in helping
RDX build the franchise business model, proforma budgets, and
marketing identity, as well as assisting in the design of our new
service truck fleet. The Pontus team is educated, talented and
highly motivated."
About Pontus Energy, LLC.
Pontus Energy, LLC was formed to purchase, install and operate
RDX franchises in the Midwestern United States. Its President is
Brian M. Donnellan of Cincinnati, Ohio. Mr. Donnellan attended
Cincinnati State College. Mr. Donnellan has extensive experience in
restaurant management and operations. Pontus Energy is located in
Blue Ash, Ohio. Mr. Donnellan can
be contacted at bdonnellan@pontusenergy.com .
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
danzikdirect@rdxh2o.com
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Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release. This news release may contain
forward-looking statements. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Such information is
subject to known and unknown risks, uncertainties and other factors
that could influence actual results or events and cause actual
results or events to differ materially from those stated,
anticipated or implied in the forward-looking information. Readers
are cautioned not to place undue reliance on forward-looking
information, as no assurances can be given as to future results,
levels of activity or achievements."
SOURCE RDX Technologies Corporation