RDX Technologies Completes First Quarter Restructuring

Guidance on 2^nd Quarter to Show Positive EBITDA
July 2013 EBITDA Exceeds $ 650,000

SCOTTSDALE, AZ and CALGARY, AB Aug. 29, 2013 /PRNewswire/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today provides an update and general business overview of its first quarter fiscal 2014 results for the three months ended June 30, 2013.

Dennis Danzik, CEO of RDX Technologies, commented, "As promised, our management team has completed nearly five months of very hard work in strengthening the fundamentals of RDX to support our anticipated long term growth. We continue to experience strong growth in our water treatment business, as evidenced by a five-fold increase in water treatment revenue for the first quarter of fiscal 2014.  Water treatment and the beneficial products that we derive from that process now represent 100% of our focus. The recent sale of our legacy Environmental and GreenFill divisions, and the results of their operations are reported as discontinued operations for the quarter.  Results for the quarter ending June 30, 2013 reflect the transition and restructuring of our business.  As a result of the sale, of our Canadian operations we significantly enhanced our balance sheet. The Company's current cash position now stands at approximately $ 4.5 million. Our Santa Fe Springs and Carthage, Missouri facilities are generating stronger cash flow and are currently pacing just over US$ 40 million revenue run rate and we are witnessing a strong performance increase. The chart below describes our approximate EBITDA performance since our fiscal 2013 year-end."

"In addition, our balance sheet has now exceeded $ 100 million and the fundamentals of our day to day business have improved greatly. Cash, (excluding discontinued operations) increasing from approximately $ 1.0 million at fiscal year-end to greater than $ 4.5 million. Trade receivables now exceed $ 3 million from just our two operating properties, Santa Fe Springs and our Carthage facility. We are also very proud of the fact that we have reduced our trade payables to $ 4.1 million since fiscal year-end and we expect that number to be reduced to approximately $ 3.6 million or less by the end of the first week of September."

In addition to our regulated financial filings that will take place later today; we thought it prudent and helpful to disclose how our work over the last few months has improved our financial position. The following supplemental financial information shows select activity from our first quarter ended June 30, 2013 with the anticipated divestiture of our Canadian operations;

Since the end of fiscal 2013 the Company has experienced stronger revenues by month after allowing for discontinued operations of Ridgeline Environmental and Ridgeline Greenfill.

Danzik added, "Looking ahead, we have built a highly scalable business model.  We have demonstrated our ability to acquire and integrate underperforming assets.  By installing our technologies, we are able to mine waste water and produce high margin fuel from the byproduct.  This sets us apart from the industry, which has historically relied on tipping or pumping fees.  As a result, we have an almost limitless supply of waste water we can tap into with our technologies.  As we increase throughput at our existing facilities, we expect to benefit from strong incremental margins.  Our near term focus for the remainder of this year is maximizing profitability of our existing assets, and establishing a financial base that is financeable  with conventional debt."

The Company will host a business update conference call today, Thursday, August 29^th at 10:30 a.m. Eastern Time.  Interested parties can access the conference call by dialing (877) 407- 0778 for U.S. or Canadian 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, September 12, 2013, and can be accessed by dialing (877) 660-6853 (U.S. or Canadian callers) or (201) 612-7415 (international callers) and entering conference ID: 100226. A webcast replay of the conference call will be accessible on the Company's website at http://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 abroad 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
[email protected]

"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."

SOURCE RDX Technologies Corporation