SAN CLEMENTE, Calif., May 5 /PRNewswire-FirstCall/ -- Reclamation Consulting and Applications, Inc. (RCAI) (BULLETIN BOARD: RCAA) , a world leader in productivity-enhancing, environmentally-friendly anti-stick release agents and lubricants to the mining sector, announced today that it has received shareholder approval at the Annual General Meeting of the Company held on May 5, 2008 to adopt the following amendments to the Articles of Incorporation:
* Amend the Articles of Incorporation, hereafter referred to as the Articles, to permit stockholders to approve corporate actions by written consent. * Amend the Articles to change the corporate name from Reclamation Consulting And Application, Inc. to Alderox, Inc. * Amend the Articles to increase the authorized number of shares of common stock from 150,000,000 to 200,000,000. * Amend the Articles to effect a 1-for-2 reverse stock split of our common stock.
Other items that were approved by our shareholders include the election of Norman Gish, Gordon Davies and Michael Davies as our 2008 Board of Directors and the adoption of an incentive stock option plan.
Full details regarding the shareholder proposals that were approved can be found in our Information Statement filed with the SEC on March 24, 2008, and available at the SEC's website http://www.sec.gov/.
About RCAI
Headquartered in San Clemente, CA with offices in Colorado, Utah, Connecticut and Mississippi, RCAI manufactures and globally markets its Alderox(R) line of release agents and lubricants to heavy industry. The Company's patented Alderox(R) formulations, which are 100% environmentally-friendly, biodegradable, non-hazardous and non-toxic, are used to reduce or eliminate the massive problems associated with the build-up of materials in asphalt and mining haul truck beds, on mining and asphalt handling equipment and on concrete forms and molds.
RCAI's website is located at http://www.alderoxasa.com/ Contact: Mike Davies, CEO, RCAI, Tel. 949-542-7440
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
