Red Reef Laboratories, (RRLB.PK)
Kaboomstocks is proud to highlight Red Reef Laboratories International, Inc. (RRLB) as a "Kabooming Stock to Watch" previously at $0.0027 up 85% at $0.005 with a 10 day average of 2,752,335 shares traded.
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.
Recent significant events:
Red Reef Laboratories International, Inc. announced on March 31st that they have engaged Bob Hilson & Co. a large roofing contractor, to conduct field tests of Red Reef's Mold and Mildew Removal formulas.
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), 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 Laboratories International, Inc. announced this month that they have received funding under a U.S. Environmental Protection Agency Brownfields grant to SCPDC, to proceed with an environmental assessment of Red Reef's Napoleonville, LA site. Red Reef intends to develop the 84 acre Supreme site as a Medical Research and Cultural Center.
Red Reef announced in its 2007 company events recap, that a major wholesale distributor in China is poised to provide Red Reef with a Letter of Intent, upon which they will conduct field tests on BioClear FF, for use as a surface disinfectant, as well as a defense against most known dangerous organisms, bacteria and virus' affecting farm animals and poultry, including Bird Flu. Red Reef recently announced a number of key developments including plans to acquire two previously targeted, revenue producing companies. The completion of the acquisitions will give the company the revenue and assets to become a Full Service Mobile Emergency Remediation Company, and to help Red Reef achieve its main goal of positive cash flow for 2008.
"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.
CONTACT:
Red Reef Laboratories International, Inc.
Dr. Claus Wagner-Bartak
(954) 725-9475
www.redreef.biz
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