Dear Shareholders,
On May 5, 2008, at the Annual General Meeting of shareholders, the Company’s shareholders approved amending the Articles of Incorporation to change the Company’s name to Alderox, Inc. and further approved a 1 for 2 reverse stock split to the Company’s common shares.
The Company has since filed the Amended Articles of Incorporation with the Secretary of State in Colorado, with the transfer agent Computershare Trust Company and with the NASDAQ. The result of these filings has formally changed the Company’s name to Alderox, Inc, effective May 20th. The NASDAQ has assigned the Company a new trading symbol (AROX) and put into affect the new trading symbol and the 1 for 2 reverse stock split on Tuesday May 20, 2008. In the event that shareholders are in possession of a physical stock certificate please contact the Company’s transfer agent, Computershare, at tel (303) 262 0600 and request instructions for obtaining a new Alderox, Inc. certificate as required.
Management is pleased that these corporate issues have been finalized, allowing complete focus to be on the marketing, production and distribution of the Alderox ASA-12 Mining release agent to the global mining industry. As stated in previous news releases, the Company has been successfully supplying Alderox ASA-12 Mining to multiple small North American mines and as a result of the success in these applications, has completed or scheduled formal on site trials at a number of much larger mines.
Alderox, Inc. is currently working at various levels within the sales process at multiple mines in the North America, Australia, Jamaica and South America. The results of these trials will be released to our shareholders upon completion. The company is in the process of expanding international sales through distributorships and other agreements.
Although Alderox, Inc. has made the mining industry the Company’s key focus, continued sales and service within the asphalt and concrete industries are ongoing.
Sincerely,Alderox, Inc.
Mike Davies
CEO
About Alderox
Alderox is an industrial supply company providing products and services throughout North America and worldwide. Alderox specializes in the development, manufacturing, sales and distribution of superior, environmentally friendly lubricants, industrial release agents and form oils. For further information contact Mike Davies at Alderox directly at tel. (949) 542-7440 or visit the Company online at www.alderoxasa.com.
Certain of the statements in the news release are forward-looking. Such statements relating to the Company's future business and the success of its products are based on Management's beliefs and opinions and also on assumptions made by and information currently available to the company. Such statements are subject to certain risks, uncertainties and the correctness of assumptions, and should be read with this cautionary statement in mind.