REDHAWK TO EXIT REAL ESTATE INVESTMENTS
December 8, 2016
Youngsville, Louisiana – RedHawk Holdings Corp. (OTCQB: IDNG) (“RedHawk” or the “Company”) announced today that it will exit its real estate investments beginning in 2017. The Company said that it has achieved satisfactory returns on these investments and believes the invested capital can now be best utilized in other areas of the Company’s business. The Company said that it expects to receive approximately $1.5 million from the sale of its real estate investments and will use the proceeds to retire approximately $0.25 million of existing real estate debt, provide working capital for its current operating business units and fund certain strategic transactions currently under consideration.