Sunday, March 30, 2014
March 28th, 2014 Press Release
Bellingham WA,
March 28, 2014 – 3DX Industries Inc. (OTCQB: DDDX) 3DX Industries Inc., (the “Company” or “3DX”) is pleased to
announce it has completed its corporate restructuring and is now focusing on additive
manufacturing. Management believes that
additive metal manufacturing will become one of the largest and fastest growing
segments within the market place and intends to be a leader in the
implementation and use of this exciting cutting edge technology.
Mr. Roger Janssen,
President and CEO of 3DX, states: “We are currently in the process of finalizing
our move into a new facility which will have our corporate and manufacturing
departments under one roof. We have been ramping up our operations over the
past few months as we complete our restructuring and finalize the movement of
our equipment and personnel to the new location.” The Company is now in the process of implementing
additional cutting edge additive manufacturing techniques. More information will
be released as it becomes available.
The Company will
be concentrating its efforts on metal and composite additive manufacturing and
is working towards divesting itself of its resource properties. The McNeil
property has been optioned to Trio Gold Corp. in exchange for Trio spending
$5.0mm prior to December 31, 2019. An
expenditure of $500,000 is required on or before December 31, 2015 with and an
additional $2.0mm to be spent on the property on or before December 31,
2017. If all expenditures are met, Trio
will earn 100% interest in the property, subject to a 5% net smelter royalty (NSR)
payable to the Company. The NSR can be
purchased by Trio for an additional $10mm.
The Company has sold its interest in the Night Hawk property to Trio
Gold in exchange for a 5% NSR. Trio has
the option to purchase the Night Hawk NSR from the company for $10mm. All funds are in Canadian dollars. The
company is in discussions with Trio Gold regarding its continued involvement on
the Rodeo Creek project in Nevada.
About the Company: 3DX Industries, Inc. is a precision manufacturing
company setting its sights on the additive manufacturing segment within the
manufacturing industry. The Company
currently offers precision manufacturing services through traditional
manufacturing processes and is able to meet most customers’ demands for
proto-type and production run projects.
The Company also has the capability of providing composite additive
manufacturing options to its clients.
3DX encourages those interested in our
Company to rely only on information included in our filings with the
United States Securities and Exchange Commission which can be found at
www.sec.gov. Statements released by3DX Industries, Inc. that are not purely
historical are forward-looking within the meaning of the "Safe
Harbor" provisions of the Private Securities Litigation Reform Act of
1995, including statements regarding the company's expectations, hopes,
intentions, and strategies for the future. Investors are cautioned that forward-looking
statements involve risk and uncertainties that may affect the company's
business prospects and performance. The company's actual results could differ
materially from those in such forward-looking statements. Risk factors include
but are not limited to general economic, competitive, governmental, and
technological factors as discussed in the company's filings with the SEC on
Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to
update the forward-looking statements contained in this release.
For additional information please
contact:
3DX
Industries, Inc.
6920
Salashan Parkway Suite D-101
Ferndale
WA 98248
Telephone:
360-244-4339
Email:
info@3dxindustries.com
Visit
the 3DX Industries, Inc. web site at www.3dxindustries.com. Information included on the Company's website
is not incorporated herein by reference or otherwise.
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