Ready Mix Inc

Information may not be reliable

April 1, 2010, Ready Mix, Inc. (the Company), completed the sale of substantially all of its assets constituting its ready-mix concrete business to Skanon Investments, Inc (Skanon) for a purchase price of $9.75 million in cash and the assumption of certain liabilities (the Asset Sale). The Company retained certain assets, including the Companys office building and retired certain liabilities using proceeds from the sale. In accordance with the Asset Purchase Agreement between the Company and Skanon, dated January 29, 2010, the Company will also sell, on behalf of Skanon, certain assets that Skanon acquired in the Asset Sale. Depending upon the outcome of this sale, there may be a further increase or decrease in the cash proceeds the Company received in the Asset Sale. This asset sale is a vital step to preserve and maximize value for our shareholders given the Companys current financial condition and the state of the industry. The board is evaluating additional strategic options following the close of this transaction, including effecting a special dividend, said Chief Executive Officer Bradley Larson. As a result of the transaction, the Company has changed its name to RMX Holdings, Inc. and Kenneth D. Nelson was appointed President, effective today.