RCAI RECEIVES SHAREHOLDER APPROVAL TO AMEND ARTICLES OF INCORPORATION
SAN CLEMENTE, California, May 5, 2008 Reclamation Consulting and Applications, Inc. (RCAI) (OTCBB: RCAA), a world leader in productivity-enhancing, environmentally-friendly anti-stick release agents and lubricants to the mining sector, announced today that it has received shareholder approval at the Annual General Meeting of the Company held on May 5, 2008 to adopt the following amendments to the Articles of Incorporation:
Amend the Articles of Incorporation, hereafter referred to as the Articles, to permit stockholders to approve corporate actions by written consent.
Amend the Articles to change the corporate name from Reclamation Consulting And Application, Inc. to Alderox, Inc.
Amend the Articles to increase the authorized number of shares of common stock from 150,000,000 to 200,000,000.
Amend the Articles to effect a 1-for-2 reverse stock split of our common stock.
Other items that were approved by our shareholders include the election of Norman Gish, Gordon Davies and Michael Davies as our 2008 Board of Directors and the adoption of an incentive stock option plan.
