DEERFIELD BEACH, Fla. and NAPOLEONVILLE, La., March 31, 2008 (PRIME NEWSWIRE) -- Red Reef Laboratories International, Inc. (Pink Sheets:RRLB), a diversified scientific research, development, and marketing group focused on commercializing a variety of chemical and biological products, has engaged Bob Hilson & Co. (www.bobhilson.com), a large roofing contractor, to conduct field tests of Red Reef's Mold and Mildew Removal formulas. Hilson, a highly respected roofer whose main office is in Miami-Dade County, Florida, has been in business since 1979, and operates statewide. Red Reef chose Hilson to perform the field tests because the company has extensive experience in removing mold and mildew from roofs, a common problem in Florida. Bob Hilson, who has been experimenting for years with a number of products especially designed to remove mold and mildew, is quoted: "The main issue with products that eliminate mold and mildew is the incidental damage to shrubs and landscape plants, which can be very costly and sometimes difficult to replace. Most products we have tested eliminate mold with varying degrees of effectiveness and also vary in ease of application and cost, but almost all require special care and procedures to avoid damage to shrubs, as well as damage to the roofing materials. Florida particularly has a type of mold which discolors many roofs and does not respond to many commonly used chemicals. Any product that can eliminate or reduce these concerns will have a competitive edge in the roofing industry."
Mr. Hilson continued, "Another important consideration is how long a treated roof will remain mold- and mildew-free. We will apply TKO and other formulas Red Reef develop to compare every aspect of performance with competitive products we currently use or will consider, including pressurized water, which is probably the most popular approach to an unsightly roof due to mold and mildew."
"We are looking forward with great anticipation to the appraisal from Bob Hilson & Co. Our personal experience, though limited, has been very positive. Where we have applied TKO on roofing materials ourselves, the results have been dramatic and led us to seek a professional, unbiased field test with as many variables and comparisons as possible. This will allow us to adjust the formula or design new formulas if needed, to perform to maximum expectations. Bob Hilson & Co. is the ideal candidate to perform these tests," said Dr. Claus Wagner-Bartak, President of Red Reef. He went on to say, "If our specific proprietary formulas perform as well as we anticipate under all conditions, Red Reef will seek to establish a Business Opportunity Franchise in Florida, and in time, beyond. TKO has already been proven cost efficient and effective in removing mold and mildew from all other hard surfaces encountered to date. The roofing industry presents unique challenges due to the large variety of materials, environments and exposure to the elements under which it must perform. If our proprietary formulas meet the challenge, we would welcome an opportunity to compete in this lucrative market."
Other significant events:
On March 19, 2008, Red Reef Board of Directors unanimously agreed to reduce the company's authorized shares by half (3 billion to 1.5 billion) -- this in response to members agreeing to avoid dilutionary events and stress stockholder value.
Red Reef R & D continues to add proprietary formulas to its family of products. A new line of environmentally friendly cleaners developed for DITEC (www.ditecusa.com) utilizing advanced readily biodegradable surfactant systems include a car and boat shampoo, bug remover, degreaser, wheel cleaner, stain remover and deodorizer.
Red Reef Supreme Sugar Mill site in Napoleonville, LA has been added to the LED (Louisiana Economic Development) list of prime Louisiana properties available for commercial development, as part of the program to attract suitable tenants.
About Red Reef Laboratories International, Inc.:
Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of chemical and biological products, utilizing advanced surfactant technology and increasingly "green" compounds. These series of products are specifically designed for biocidal and virucidal applications. For more information, please visit the Company's web site at www.redreef.biz.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.