RDX Announces Fiscal 2014 Revenues of $33.7 Million and Adjusted EBITDA of $553,449

Announces Conference Call to be held on Thursday, August 14^th at 10:00 a.m. Eastern Time

SCOTTSDALE, AZ and CALGARY, AB, July 30, 2014 /CNW/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today announced financial results for the fiscal year ending March 31, 2014.

Fiscal 2014 highlights:

• Revenues more than doubled from $16.4MM to $33.7MM
• Adjusted EBITDA improved from a loss of $4.34MM to positive $553,449

Recent operating highlights:

• Sold excess Santa Fe Springs real estate holdings for $12.5MM
• Increased balance sheet cash to $6MM from Santa Fe Springs and franchise sales
• Converted to methyl ester fuel refining and direct ion exchange refining
• Began direct service program for waste water producers that includes transportation
• Started work to expand waste water operations in Virginia, New York, Ohio, and Arizona
• Completed first pipeline right of way in Odessa, Texas for the delivery of water to oil and gas operators
• Completing initial survey work and planning for new pipeline and treatment facilities in Midwest Wyoming

Dennis M. Danzik, Chief Executive Officer of RDX, stated, "We are extremely pleased with both our financial and operational performance in fiscal 2014. As expected, we again achieved significant growth by more than doubling revenues and reporting the Company's first positive adjusted EBITDA.    In addition, we are extremely well positioned to continue this strong growth for the foreseeable future. As a company, we utilized our fourth quarter as a cleanup period to correct the many challenges at the Carthage facility that were created prior to our acquisition of the facility. RDX's refined fuel now exceeds our customers and regulators expectations. In fact, Omega Proteins has chosen to highlight our energy products in several press releases. We expect to see more of our customers recognizing RDX in a very positive light over the next several months."

"In the coming months, we expect to move the Company forward through the aggressive sale of additional franchise operations in Arizona, Texas, Ohio, Virginia, and Georgia. We also have active negotiations taking place in Canada and Europe."

Mr. Danzik continued, "RDX has demonstrated its ability to acquire and integrate underperforming assets, install our proprietary technologies, direct sound engineering practices, enhance operations, implement strict financial controls, and thereby improve both revenue and profitability.   In the face of this type of growth, controlling finances and budgets is difficult, but the management and staff at RDX are performing well. RDX has developed a highly scalable business model that will enable us to maintain strong growth and enhance profitability in the months and years ahead."

Conference Call

The Company will host a business update conference call on Thursday, August 14^th at 10:00 a.m. Eastern Time.  Interested parties can access the conference call by dialing (877)-407-0778 for U.S. callers or +1 (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, August 21, 2014, and can be accessed by dialing (877)-660-6853 (U.S. callers) or +1 (201)-612-7415 (international callers) and entering conference ID: 13588068. A webcast replay of the conference call will be accessible on the Company's website at http://www.rdxh2o.com/ for 90 days.

ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
danzikdirect@rdxh2o.com

"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."

RDX TECHNOLOGIES CORPORATION
(Formerly Ridgeline Energy Services, Inc.)
UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION
(IN CANADIAN DOLLARS)

Earnings Before Interest, Taxes, and Amortization

The Company's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). The following table calculates earnings before interest, taxes, and amortization (EBITDA) and Adjusted EBITDA, which are not measures determined in accordance with IFRS or accounting principles generally accepted in the United States ("US GAAP"), for the year ended March 31, 2014 and 2013:

We believe that presenting EBITDA and Adjusted EBITDA are useful to investors because they provide important information concerning our operating performance exclusive of certain non-cash and other costs.  EBITDA and Adjusted EBITDA demonstrate our ability to execute our financial strategy, which includes reinvesting in waste water related capital assets to ensure a high level of product quality, investing in capital assets to facilitate growth in our energy business, repurchasing our common stock, and maintaining and improving our market position through business optimization.  These measures have limitations.  Although amortization and share-based payment expenses are considered operating costs in accordance with IFRS and US GAAP, they represent the allocation of non-cash costs generally associated with long-lived assets acquired or constructed in prior years and non-cash compensation primarily for our employees.  Our definition of EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures presented by other companies.

SOURCE RDX Technologies Corporation