Ridgeline Energy Services Inc Executes Intent To Sell Canadian Environment And GreenFill Businesses Operations; Announces Name Change

Ridgeline Energy Services Inc announced the execution of a Letter of Intent (LOI) to sell both of Canadian Environmental Services and Greenfill business divisions to Ridgeline Canada, Inc. of Calgary. The LOI includes both operating divisions based in Canada. The divisions known as Ridgeline Environment. and Ridgeline GreenFill will be operated as private companies. The Ridgeline trade names are also a part of the sale. Ridgeline Canada, Inc. will also become the exclusive representative for waste water treatment and fuel refining in Canada. The Company expects a definitive agreement on the Sale to be executed by June 28, 2013 along with a substantial down payment to be made to the Company at that time. The Ridgeline name will transfer with the Sale of the divisions. The Company had a name change approved at last Annual General Meeting and will become RDX Technologies Corporation in about two weeks.