Redex Inc. (the "Corporation") (TSX VENTURE: RDX)(FRANKFURT: W1F) announces that Mach Group Inc. has waived all relevant conditions to the purchase of the Montpellier property, except for the condition pursuant to a confirmation of financing, which condition has been extended until April 15th, 2008. The building is located at 755, Replica Chopard Watches Montpellier Boulevard, borough of Saint-Laurent, City of Montreal and held by a wholly owned subsidiary of the Corporation. Furthermore, the acquisition price is revised at $19 000 000. The date of execution of the Purchase Agreement is set for no later than May 19th, 2008.

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This arm's length transaction is subject to usual approvals, including the regulatory approvals, and brokerage fees of approximately $200,000 will be paid to Cushman Wakefield by the Corporation in connection with the said transaction.

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REDEX... Real estate at your service!

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About Redex Inc.

In recent years, Redex had become a leader in real estate recovery and restructuring. Turning its attention to the future, Redex is now committed to becoming the leader in Fake 2009 New Arrival the art of converting residential rental housing into co-ownerships. The common shares of the Company are currently listed on the Toronto Venture Exchange (TSX VENTURE: RDX) and the Frankfurt Stock Exchange (FRANKFURT: W1F).

You can visit the company's website at

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Redex Inc. Guy Descoteaux Secretary and Chief Financial Officer 514-954-1551