Le Lézard
Classified in: Business
Subjects: BOARD OF DIRECTORS, MISCELLANEOUS

Robix Received Management Change & Notice of Civil Action


CALGARY, Alberta, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Robix Environmental Technologies, Inc. ("Robix" or the "Corporation") (CSE:RZX) (Frankfurt:R0X)

The independent members of the Board of Directors of Robix Environmental Technologies Inc. announce that Mr. Robin Ray has been removed from his executive positions with the company.

In the interim, the day to day operations of the company will be managed by the independent board with the support of Peter Teunissen as the Chief Financial Officer of the Corporation.

In conjunction with this, the company also received a Notice of a Civil Claim filed in the Supreme Court of British Columbia from Rayco Steel Ltd., a related party of Robix, in the amount of $1,064,325. The board is seeking legal advice to address the matter.

About Robix:

The Corporation is an "industrial products/technology" company, offering to investors a unique opportunity to participate in a leading company in the business of ownership of patents, and their development from commercialization to worldwide expansion through various business arrangements.   Robix owns a Clean Ocean Vessel ("COV") patent, which is an oil spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry, and it proposes to develop a business model as a service provider, and/or equipment provider under licensing agreements with other industry participants, wherein Robix will use its COV patented design solution.

For more information please contact:
Robix Environmental Technologies, Inc.

Peter Teunissen              
Chief Financial Officer
Tel: 403-480-4020
Email: [email protected]

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

 


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