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DD folks looks like a Meineke buyout of MKAU going on......
Read both PR's says it right there.
Posted September 1, 2014 - 3:01am
Auto Tech shops undergoing switch to Meineke
By NORMAN BELL
LAS VEGAS business press
The seven local Auto Tech shops are being converted to the Meineke brand, doubling the national auto repair franchiser’s footprint in Southern Nevada.
The Auto Tech logo — a cartoon mechanic carrying a wrench — is coming down and the yellow and black Meineke signs are going up in the next few weeks.
On the face of it, the deal appears to be just another example of a big national fish swallowing a local minnow.
But that’s not how Auto Tech founder Mike Murphy sees it. The trim but graying executive sees the move as both a branding strategy that adds value to his holdings as a new franchisee and a move toward an exit strategy as he nears age 60.
Over coffee at a Starbucks, Murphy ticked off the reasons he was receptive when Meineke came calling:
¦ Other auto repair shops had sprung up with similar names, creating confusion in the marketplace;
¦ The Great Recession had crippled his plans for regional growth;
¦ And reduced staffing had pushed him into handling more operational details, a role for which he has little enthusiasm.
Murphy, a serial entrepreneur with Chicago roots, came to Las Vegas in 2002 determined to conquer something new. He and a partner had developed MK Systems, which describes itself as a sales engineering business handling a wide range of heating, air conditioning and blower equipment, in Elk Grove, Ill.
That hunt for something new led him into auto repair, which he said was ripe for his “responsible capitalism” model.
As he bought up failing repair shops, he instituted a series of unorthodox approaches. While others used contract mechanics paid by the jobs, Auto Tech hired ASE certified mechanics as full-time employees and provided extensive training opportunities. He held those employees to high standards, including making sure they were current with any child support payments.
He promised “friendly, honest, competent service” and customers responded. Auto Tech carries an A+ rating from the Better Business Bureau although Angie’s List was less impressed, giving Auto Tech a B rating.
Matt Evans, acquisitions director for Meineke in Charlotte, N.C., called the Auto Tech transaction a “conversion” rather than an acquisition.
Financial terms of the transaction were not disclosed.
Evans explained that Meineke is part of Driven Brands, the result of a 2007 combination of the Meineke and MAACO auto painting brands. Driven Brands found itself light on Western outlets so it added the Econo Lube brand. It has co-branded those shops with Meineke and expanded the service capabilities to fit the Meineke profile.
He said expanding Meineke’s footprint in Southern Nevada is part of an aggressive push to double the number of shops nationwide in the next five years. He put the number of Meineke shops today at more than 900 in the U.S. with another 50 in Canada.
Today, privately held Driven Brands is the nation’s largest auto repair franchise holding company.
Murphy stressed that he’s still operating the seven shops and all service guarantees and coupons will be honored. He described Meineke as a like-minded customer-first operation that is a good fit for Auto Tech, its employees and its customers.
Danny Rivera, Driven Brands’ executive vice president for Meineke, said the corporate goal is to educate consumers and turn the auto repair industry’s negative perception on its head. That means delivering service that’s “better than the industry” and putting customers first.
He said franchisees benefit from extensive operational and systems support that ranges from national purchasing power for parts to a standardized point of sale system.
With 14 Meineke shops in Southern Nevada, Evans said the market is “not tapped out.” The company’s data suggests that one shop per 50,000 population is about right, suggesting another doubling is possible.
That kind of growth opportunity resonates with Murphy, who said he still has an appetite for growing his empire beyond the seven franchises. He sees significant value in tapping into Meineke’s support systems that run the gamut from advertising and operations to training and industry-specific software.
That’s important to Murphy, who said he’s tired of being the first call when a shop’s software crashes. He’s looking forward to the day when those calls go to the Meineke help desk.
He’s also thinking ahead to the day when he’s ready to walk away. The Meineke brand will make that exit strategy easier — and more profitable — he said.
MK Automotive, Inc. to Use Franchise Growth Systems to Franchise Mike's Master Mechanics
LAS VEGAS, NV--(Marketwire - February 1, 2011) - MK Automotive, Inc. (OTCBB: MKAU) (OTCQB: MKAU) announced today that it recently engaged Franchise Growth Systems of Mesa, AZ to assist in implementing the rapid growth strategy for its Mike's Master Mechanics franchise operations. MK Automotive owns and operates eight automotive maintenance and repair shops in Las Vegas and currently has two franchise locations in the St. Louis, Missouri area.
Dan Olson, President of Franchise Growth Systems, which specializes in assisting companies with growth through franchising, remarked, "Out of all the automobile franchises that Franchise Growth Systems has investigated and worked with over the years, Mike's Master Mechanics has the unique blend of extremely high ethics, services, systems and management that puts them at the top of our list. Their franchises represent one of the very best franchise opportunities that we have seen in a long time."
Mike Murphy, President of MK Automotive, added, "We believe that growing through franchising, and specifically by focusing on partnering with Master/Regional franchisees, will accelerate our ability to provide our unique approach to automotive repair and service. FGS is helping us identify entrepreneurs who want to partner with us as Master/Regional franchisees to open their own locations and identify qualified franchisees within their region to sublicense franchises to."
Founded in 2002 with headquarters in Las Vegas, the Company recently launched its national expansion plans by franchising under the name of Mike's Master Mechanics. MK Automotive's mission is to do it differently, do it better, and be 'A Mechanic You Can Trust.' Competence and integrity are at the heart of all the Company's operations. MK Automotive employs independently-certified professional technicians, and strives to operate as social capitalists, treating everyone fairly and nicely: customers, suppliers, employees, franchisees, shareholders, everyone. It is the Company's firm belief that long term shareholder value is built on a combination of superior service and a strong ethical center.
For more information about MK Automotive, Inc.: www.mkautomotive.com. For information about becoming a Mike's Master Mechanics franchisee, go tohttp://mikesmastermechanics.com or email richard@mkautomotive.com.
Forward Looking Statement:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may and likely will differ materially from this forward-looking information. These and other risks are discussed in the Company's various public filings; and, the reader is directed to these statements for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements.
THIS IS GOING TO NO BID DONT TOUCH IT!
Keep this on watch.....
Way under the radar here....
Gotta love these plays that have billions of free trading shares. There are better weed plays out there with fewer shares.....dont get why retail keeps feeding these scams....
RDXH might be next weed play first PR in 7 years today fillings and updates to follow.....
RDXH might be next weed play first PR in 7 years today fillings and updates to follow.....
Keep an eye on RDXH huge PR today first in 7 years......
Expecting some large bids when people see the PR. Did'nt show on ihub so still way under radar.
RDXH first PR in 8 years!
RDXH NEWS! First PR in 8 years!
Redux Holdings, Inc. Announces Much Needed Change
WILMINGTON, Del., Dec 24, 2014 (GLOBE NEWSWIRE via COMTEX) -- Redux Holdings, Inc. (OTCPINK:RDXH) is announcing the recent management appointments of Mr. Alexander Woods-Leo, as CEO, and Mr. Jonathan Bloomfield as Corporate Secretary and Director of Business Development.
New management will be authorizing the increase of Common Stock and Preferred Stock. The Authorized Shares of Common Stock will be increased to 400,000,000 shares with a par value of .001 per share. Authorized Preferred Stock will be increased to 5,000,000 shares, broken into A, B, C, D classes, with 900,000 shares that have not been classified. Management wants to elaborate on the increase of Common and Preferred Stock. With Redux Holdings, Inc. preparing to acquire a private company, it was crucial to increase the structure to be able to successfully complete the acquisition. Also new management wants to elaborate even further that it is only interested in preferred equity deals for capitalization. Lastly, Management wants to relay that it has alternative sources of funding and intends to simply make room for incoming shareholders.
Please remember Redux Holdings, Inc. is still very deep in the process of getting everything set up for the next stage in our strategy. Shareholders can also find information posted on social media sites indicated below on this press release on the contact section.
Management believes transparency is first and foremost, therefore becoming current is our number one objective. Any Shareholder who has any questions may contact management at (302) 235-3141.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
https://twitter.com/Leotechholdings
https://www.facebook.com/pages/Leo-Tech-Holdings-Inc/279634685575631?ref=br_rs
https://www.linkedin.com/company/leo-enterprise-llc?trk=nav_account_sub_nav_company_admin
CONTACT: Redux Holdings, Inc.
(302) 235-3141
ir@leotekholdings.com
http://media.globenewswire.com/cache/34319/small/30929.jpg
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAxMTM0NjgjMzQzMTk=
(C) Copyright 2014 GlobeNewswire, Inc. All rights reserved.
-0-
KEYWORD: WILMINGTON, Del.
INDUSTRY KEYWORD: Financial Services
SUBJECT CODE: Directors and Officers
MANAGEMENT CHANGES
RDXH huge news!
Redux Holdings, Inc. Announces Much Needed Change
WILMINGTON, Del., Dec 24, 2014 (GLOBE NEWSWIRE via COMTEX) -- Redux Holdings, Inc. (OTCPINK:RDXH) is announcing the recent management appointments of Mr. Alexander Woods-Leo, as CEO, and Mr. Jonathan Bloomfield as Corporate Secretary and Director of Business Development.
New management will be authorizing the increase of Common Stock and Preferred Stock. The Authorized Shares of Common Stock will be increased to 400,000,000 shares with a par value of .001 per share. Authorized Preferred Stock will be increased to 5,000,000 shares, broken into A, B, C, D classes, with 900,000 shares that have not been classified. Management wants to elaborate on the increase of Common and Preferred Stock. With Redux Holdings, Inc. preparing to acquire a private company, it was crucial to increase the structure to be able to successfully complete the acquisition. Also new management wants to elaborate even further that it is only interested in preferred equity deals for capitalization. Lastly, Management wants to relay that it has alternative sources of funding and intends to simply make room for incoming shareholders.
Please remember Redux Holdings, Inc. is still very deep in the process of getting everything set up for the next stage in our strategy. Shareholders can also find information posted on social media sites indicated below on this press release on the contact section.
Management believes transparency is first and foremost, therefore becoming current is our number one objective. Any Shareholder who has any questions may contact management at (302) 235-3141.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
https://twitter.com/Leotechholdings
https://www.facebook.com/pages/Leo-Tech-Holdings-Inc/279634685575631?ref=br_rs
https://www.linkedin.com/company/leo-enterprise-llc?trk=nav_account_sub_nav_company_admin
CONTACT: Redux Holdings, Inc.
(302) 235-3141
ir@leotekholdings.com
http://media.globenewswire.com/cache/34319/small/30929.jpg
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAxMTM0NjgjMzQzMTk=
(C) Copyright 2014 GlobeNewswire, Inc. All rights reserved.
-0-
KEYWORD: WILMINGTON, Del.
INDUSTRY KEYWORD: Financial Services
SUBJECT CODE: Directors and Officers
MANAGEMENT CHANGES
http://www.otcmarkets.com/stock/RDXH/news
HUGE NEWS!
Also new management wants to elaborate even further that it is only interested in preferred equity deals for capitalization. Lastly, Management wants to relay that it has alternative sources of funding and intends to simply make room for incoming shareholders.
RIVT all time high volume.....4.4 million O/S
RIVT low floater trading.....
RIVT 0.0061 x 0.01 10x volume.....
RIVT 0.0061 x 0.01 10x volume.....
RIVT on Radar
RIVT on Radar
Another 10 updates just out on Twitter!
Wow this guy is non stop updating shareholders! Guess we are going to be getting lots of PR's in the future.......Dollar stock written on this.
Huge scam here unreal all that dumping.......DONT FEED this scam let it go to no bid.....
Should see an update or PR on Jan 5, 1st real day back from the holidays is January 5, 2015 @iHangout @SeekingAlpha @forexstatus @BW @business @forexstatus @DayTraderChoice
Thats the hint from latest twitter post atleast......
https://twitter.com/Leotechholdings/status/547480593735614464
MKAU 0.01 x 0.014 - %50
MKAU 0.01 x 0.014
MKAU 0.01 x 0.014
RDXH a bunch of updates on twitter, filings and PR's did'nt even start hitting.....
RDXH 6 updates just out now on Twitter......
Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
A. As transparent as the company is willing to spend time to be! @iHangout @SeekingAlpha @forexstatus @iHub @business
0 replies 1 retweet 2 favorites
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Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Q. How transparent can a company be? @iHangout @SeekingAlpha @iHub @forexstatus @business @BW
0 replies 1 retweet 2 favorites
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Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Prepare the press services industry 2015....@iHangout @BW @iHub @SeekingAlpha @forexstatus @DayTraderChoice @stock_forums @business
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Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Leo Tech Holdings, Inc. Granted the option for acceleration of qualification on our first comment letter from the SEC! @iHangout @BW
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Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Working hard on our first Reg A amended filing. @iHangout @iHub @SeekingAlpha @BW @
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6 updates just out now on Twitter......
Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
A. As transparent as the company is willing to spend time to be! @iHangout @SeekingAlpha @forexstatus @iHub @business
0 replies 1 retweet 2 favorites
Reply Retweet1 Favorite2
More
Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Q. How transparent can a company be? @iHangout @SeekingAlpha @iHub @forexstatus @business @BW
0 replies 1 retweet 2 favorites
Reply Retweet1 Favorite2
More
Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Prepare the press services industry 2015....@iHangout @BW @iHub @SeekingAlpha @forexstatus @DayTraderChoice @stock_forums @business
0 replies 1 retweet 1 favorite
Reply Retweet1 Favorite1
More
Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Leo Tech Holdings, Inc. Granted the option for acceleration of qualification on our first comment letter from the SEC! @iHangout @BW
0 replies 1 retweet 1 favorite
Reply Retweet1 Favorite1
More
Leo Tech Holdings @Leotechholdings · 2h 2 hours ago
Working hard on our first Reg A amended filing. @iHangout @iHub @SeekingAlpha @BW @
0 replies 1 retweet 1 favorite
Reply Retweet1 Favorite1
More
Arrest warrant going out for CEO of this company, stay tuned.....
DTC chill and global lock placed on FITX......next is SEC suspension and delisting.
FITX will go down in history as OTC largest penny stock fraud and scam EVER, no doubt.....
CEO sold 70 million of his shares.....wonder how they got unristricted so fast.....
FBI and SEC investigation underway for massive Grand Larceny and criminal fraud.....
RDXH next legit MMJ company in the making....
All in this filing:
http://www.otcmarkets.com/financialReportViewer?symbol=FITX&id=127077
CEO diluted about 2 billion shares over 70 million was his preffered shares. Rest he took from "company in the form of a salary"
Because CEO stole millions of dollars from investors and is in hiding now pending SEC and FBI allegations of fraud and criminal activity.
No, none of his money was put into FITX he stole $4.5 million from share holders. Under SEC investigation right now....
FITX going no bid see SEC complaint......CEO is fugitive criminal now after dumping over 70 million of his shares into the open market.....DTC chill and lock on stock now....pending SEC suspension and termination of company registration.
Scarry - that retail keeps feeding this dilution machine...
Warning, company about to get a yeild sign on OTC then a stop sign. scam is over......
FITX is a confirmed scam.....
http://seekingalpha.com/article/2770715-creative-edge-makes-front-page-canadian-national-news?page=2&uide=32121635&uprof=45&dr=1
I hope ETRADE sold out FITX positions for all their customers. This is a 0.000's stock in the making. Might be halted by SEC before then.