Reticulate Micro, Inc. Completes Acquisition of Remaining RMX Industries Inc. Shares, Consolidates Operations, and Expands Leadership Team
Reticulate Micro (OTCQB: RMXI) has announced the acquisition of remaining shares of RMX Industries Inc., transforming it from a 50/50 joint venture with K2 Endeavor DMCC into a wholly-owned subsidiary. The acquisition was completed through a stock exchange transaction.
The company has made significant leadership changes including:
- Karl Kit appointed as CEO, President and board member
- M. Steven Kirchof joined as independent board director
- Andrew Sheppard named as President of RMX Government
- Maxwell Kit appointed as Chief Marketing Officer
This strategic consolidation aims to align resources and accelerate commercial opportunities across key sectors, particularly in defense, AI, telecommunications, and enterprise markets.
Reticulate Micro (OTCQB: RMXI) ha annunciato l'acquisizione delle quote rimanenti di RMX Industries Inc., trasformandola da una joint venture al 50/50 con K2 Endeavor DMCC in una controllata al 100%. L'acquisizione è stata completata tramite una transazione di scambio azionario.
L'azienda ha effettuato importanti cambiamenti nella leadership, tra cui:
- Karl Kit nominato CEO, Presidente e membro del consiglio di amministrazione
- M. Steven Kirchof entrato come direttore indipendente del consiglio
- Andrew Sheppard nominato Presidente di RMX Government
- Maxwell Kit nominato Chief Marketing Officer
Questa consolidazione strategica mira ad allineare le risorse e accelerare le opportunità commerciali nei settori chiave, in particolare difesa, intelligenza artificiale, telecomunicazioni e mercati enterprise.
Reticulate Micro (OTCQB: RMXI) ha anunciado la adquisición de las acciones restantes de RMX Industries Inc., transformándola de una empresa conjunta 50/50 con K2 Endeavor DMCC en una subsidiaria de propiedad total. La adquisición se completó mediante una transacción de intercambio de acciones.
La compañía ha realizado cambios significativos en su liderazgo, incluyendo:
- Karl Kit nombrado CEO, Presidente y miembro de la junta directiva
- M. Steven Kirchof incorporado como director independiente de la junta
- Andrew Sheppard nombrado Presidente de RMX Government
- Maxwell Kit designado Director de Marketing
Esta consolidación estratégica busca alinear recursos y acelerar las oportunidades comerciales en sectores clave, especialmente en defensa, inteligencia artificial, telecomunicaciones y mercados empresariales.
Reticulate Micro (OTCQB: RMXI)는 RMX Industries Inc.의 남은 지분을 인수하여 K2 Endeavor DMCC와의 50대 50 합작 투자에서 완전 자회사로 전환했다고 발표했습니다. 이번 인수는 주식 교환 거래를 통해 완료되었습니다.
회사는 다음과 같은 주요 리더십 변화를 단행했습니다:
- Karl Kit가 CEO, 사장 및 이사회 멤버로 임명됨
- M. Steven Kirchof가 독립 이사로 합류
- Andrew Sheppard가 RMX Government 사장으로 임명됨
- Maxwell Kit가 최고 마케팅 책임자로 임명됨
이번 전략적 통합은 자원을 정렬하고 국방, 인공지능, 통신 및 기업 시장 등 주요 분야에서 상업적 기회를 가속화하는 것을 목표로 합니다.
Reticulate Micro (OTCQB : RMXI) a annoncé l'acquisition des parts restantes de RMX Industries Inc., la transformant d'une coentreprise à 50/50 avec K2 Endeavor DMCC en une filiale détenue à 100 %. L'acquisition a été réalisée par une opération d'échange d'actions.
L'entreprise a procédé à d'importants changements au sein de sa direction, notamment :
- Karl Kit nommé CEO, Président et membre du conseil d'administration
- M. Steven Kirchof rejoint en tant qu'administrateur indépendant
- Andrew Sheppard nommé Président de RMX Government
- Maxwell Kit nommé Chief Marketing Officer
Cette consolidation stratégique vise à aligner les ressources et à accélérer les opportunités commerciales dans des secteurs clés, notamment la défense, l'intelligence artificielle, les télécommunications et les marchés d'entreprise.
Reticulate Micro (OTCQB: RMXI) hat die Übernahme der restlichen Anteile an RMX Industries Inc. bekannt gegeben und wandelt das Unternehmen von einem 50/50 Joint Venture mit K2 Endeavor DMCC in eine vollständig im Besitz befindliche Tochtergesellschaft um. Die Übernahme erfolgte durch eine Aktientausch-Transaktion.
Das Unternehmen hat bedeutende Führungswechsel vorgenommen, darunter:
- Karl Kit wurde zum CEO, Präsidenten und Vorstandsmitglied ernannt
- M. Steven Kirchof trat als unabhängiges Vorstandsmitglied bei
- Andrew Sheppard wurde Präsident von RMX Government
- Maxwell Kit wurde zum Chief Marketing Officer ernannt
Diese strategische Konsolidierung zielt darauf ab, Ressourcen zu bündeln und kommerzielle Chancen in Schlüsselbereichen wie Verteidigung, KI, Telekommunikation und Unternehmensmärkte zu beschleunigen.
- Complete ownership consolidation of RMX Industries enhances operational control
- Strategic expansion into government and defense sectors through dedicated division
- Strengthened leadership team with experienced executives in healthcare, technology, and international business
- Stock-based acquisition may lead to shareholder dilution
- Trading on OTCQB market indicates lower tier exchange listing
As part of this strategic consolidation, RMX is also pleased to announce important changes to its governance and management teams:
- M. Steven Kirchof has been appointed as an independent member of the Company's board of directors. Mr. Kirchof has over 20 years of experience building entrepreneurial companies and driving innovation in healthcare technology. Mr. Kirchof is the CEO of CureGrail, Inc., a healthcare technology company engaging and empowering patients to own and manage their disease, and founder and CEO of RxPath, LLC (originally OneOncology), a healthcare transaction company. Mr. Kirchof previously co-founded Matrix Oncology (acquired by Express Scripts) and served in executive, sales management, marketing, and strategy leadership positions at iKnowMed, Inc., MedStat Group, and IBM Healthcare. A Harvard-trained executive and summa cum laude graduate from Western Carolina University, Mr. Kirchof remains active in conservation, faith-based leadership, and community development initiatives across
Florida andTexas . - Karl Kit has been appointed as the Company's Chief Executive Officer, President and as a member of the board of directors. Mr. Kit is a seasoned entrepreneur with over 40 years of international business experience across advertising, communications, mobile data services, and financial technology. Mr. Kit previously headed K2 Endeavor DMCC, a
UAE -based strategic investment group. Throughout his career, Mr. Kit has lived and worked across the globe, including inSouth Africa ,Europe , andthe United States collaborating with industry leading companies to implement global strategies. His broad international leadership experience will be instrumental as RMX continues its global expansion. - Andrew Sheppard has been appointed as the Company's President of RMX Government. Mr. Sheppard will lead RMX's efforts in the defense and government sectors, focusing on deploying its cutting-edge video and data compression technologies to meet the mission-critical needs of military and public safety customers. Mr. Sheppard previously served as the Company's Chief Executive Officer and President.
- Maxwell Kit has been appointed as the Company's Chief Marketing Officer. Mr. Kit has extensive experience in global brand strategy, digital engagement, and go-to-market execution. As CMO, he will lead RMX's marketing and communications efforts, refine the Company's brand identity, and expand its market visibility. Mr. Kit will oversee the launch of integrated campaigns that highlight the transformative power of RMX's proprietary compression technology across defense, AI, telecommunications, and enterprise sectors. His leadership will be critical as RMX scales operations and forges new strategic partnerships worldwide.
About RMX (Reticulate Micro, Inc.)
RMX (Reticulate Micro, Inc.) (OTCQB: RMXI) is a technology company specializing in advanced data compression and video optimization. Leveraging proprietary, field-validated technology that has demonstrated exceptional performance in the most demanding environments, RMX is aiming to transform the way organizations capture, transmit, store, and share visual data. Originally developed for mission-critical military applications, RMX's platform reduces video bandwidth, storage needs, and power consumption by up to
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements that are subject to various risks and uncertainties. In addition, our representatives or we may make forward-looking statements orally or in writing from time to time. We base these forward-looking statements on our expectations and projections about future events, which we derive from the available information. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical facts, particularly those that use terminology such as "intends," "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including the risks described in the risk factors section of the reports and other documents that we file with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and the Company does not undertake any duty to update any forward-looking statements except as may be required by law.
Important Notice Regarding Our Regulation A Offering
An offering statement regarding our offering of units consisting of one share of class A common stock and a warrant to purchase one share of class A common stock has been filed with the SEC. The SEC has qualified that offering statement, which means that Reticulate Micro may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement through this link.
Investing in a public offering like our Regulation A offering is subject to unique risks, tolerance for volatility, and potential loss of your investment, that investors should be aware of prior to making an investment decision. Please carefully review the risk factors contained in the offering circular for this offering. For more information about Regulation A offerings, including the unique risks associated with these types of offerings, please click on the SEC's Investor Alert.
Neither this document nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any security by Reticulate Micro or any third party. The content of this document is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as investment, legal or tax advice. A securities offering by Reticulate Micro is only being made pursuant to the offering circular described above. The content of this document is qualified in its entirety by such offering circular. Prospective investors are urged to consult with their own investment, legal and tax advisors prior to making any investment in Reticulate Micro.
Contact:
Media:
RMX (Reticulate Micro, Inc.) Media Relations
media@rmx.io
Investor Relations:
RMX (Reticulate Micro, Inc.) Investor Relations
ir@rmx.io
View original content to download multimedia:https://www.prnewswire.com/news-releases/reticulate-micro-inc-completes-acquisition-of-remaining-rmx-industries-inc-shares-consolidates-operations-and-expands-leadership-team-302435228.html
SOURCE Reticulate Micro, Inc.
FAQ
What is the significance of RMXI's acquisition of RMX Industries Inc.?
Who are the new key executives appointed at RMXI in 2025?
What markets does RMXI target with its video compression technology?
How was the RMXI acquisition of RMX Industries structured?
