RDX Announces US$ 19.92MM Contract for Ohio Franchises
RDX Technologies Corporation
8 hours ago
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.
And so we are told this is the golden age
And gold is the reason for the wars we wage U2
