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To: Ed Ajootian who wrote (182771)

2/27/2014 1:16:36 PM

From: Celtictrader

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RDX RGDEF Reports Record 3QTR Earnings

RDX Technologies Corp (USOTC:RGDEF)
Intraday Stock ChartToday : Thursday 27 February 2014

Third Quarter Revenue Increases 151% to $ 13.2 Million

3QTR Revenue Increases to $ 13.21 Million

3QTR Adjusted EBITDA $ 3.72 Million

3QTR Net Income of $ 904,000

SCOTTSDALE, AZ, Feb. 27, 2014 /CNW/ - RDX TECHNOLOGIES CORPORATION ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced financial results for the fiscal third quarter and nine months ending December 31, 2013.

Recent operating highlights:

Company now on an annualized revenue run rate greater than $ 50MM.
Company now on an annualized EBITDA run rate of approximately $ 13MM.
Strong demand forecast for all business segments for fiscal 2015.
Announces launch of new BlueDot Industrial Franchise Program with plans to open at least 40 locations in Fiscal 2015 and at 300 locations by 2016
Sold equipment into additional five operating BlueDot facilities. Now six BlueDots total.
Worked successfully through seasonality of fuel business and now ready to sign long term energy contracts with existing and new customers beginning in March.
Delivered profitable results in light of seasonality of energy. Worked to eliminate seasonality in energy sales for fiscal 2015.
Invested over $ 2MM in four new fuel micro-finishing plants for energy customers.
Conducted successful trials for planned regional municipal water treatment operations.
Signed contract and opened escrow on excess real estate in Santa Fe Springs, California.
Developing RDX Europe business plan. Results to be announced in March.
Developing RDX Canada business plan. Results to be announced in March.
Successfully ran new methyl-ester based fuel to produce higher quality fuel product.
Started remediation program for Santa Fe Springs facility.

Dennis Danzik, Chief Executive Officer of RDX, stated, "I am pleased to report another solid quarter of both top and bottom line growth. Our revenues increased over 150 percent from the same period last year and we achieved over $3.7 million of adjusted EBITDA for the quarter. As a result, we are now pacing at approximately$13 million of EBITDA on an annualized basis. In addition, we continue to strengthen our balance sheet.

"We are now generating solid cash flow, which has allowed us to begin our company stock buy-back program, purchasing approximately 400,000 shares in the open market during the quarter. Our primary focus is driving shareholder value, and we are succeeding in this mission as evidenced by our strong growth, strict financial discipline, increased profitability and improved balance sheet."

The Company will host a business update conference call today, Thursday, February 27th at 11:00 a.m. Eastern Time. Interested parties can access the conference call by dialing 877-407-0778 for U.S. callers or 201-689-8565 for international callers, or listen via a live Internet webcast on the Company's website at www.rdxh2o.com .

A teleconference replay of the conference call will be available approximately one hour following the call, through midnight Thursday, March 13, 2014, and can be accessed by dialing 877-660-6853 (U.S. callers) or 201-612-7415 (international callers) and entering conference ID: 13577169. A webcast replay of the conference call will be accessible on the Company's website at www.rdxh2o.com for 90 days.

About RDX Technologies Corporation

RDX Technologies Corporation is a water treatment and energy technology company. The Company is applying proprietary technology to treat water generated from industrial and commercial waste water markets. These markets include a wide variety of clients across a broad spectrum of industries. The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".

ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
danzikdirect@rdxh2o.com

"Neither TSX Venture Exchange nor its Regulation Services 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."

RDX TECHNOLOGIES CORPORATION
(FORMERLY RIDGELINE ENERGY SERVICES, INC)
UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION
(IN CANADIAN DOLLARS)

Earnings Before Interest, Taxes, and Amortization