RenX Enterprises Launches Land Clearing Division and Wins First Purchase Order

MIAMI, FL, July 28, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) (“RenX” or the “Company”) today announced the launch of its land clearing division and the receipt of the division's first purchase order. The purchase order was issued by a regional land development company and covers land clearing services at a project site in Florida. Work under the purchase order is expected to commence shortly.

The land clearing division captures value on both sides of the same material stream. The Company is paid a service fee to clear and remove vegetation, stumps, and woody debris, material that would otherwise represent a disposal cost. The recovered organic material is then transported to the Company's 80+ acre processing facility in Myakka City, Florida, where it becomes feedstock for the Company's mulch and compost production and, following the planned deployment of the Microtec system, its engineered soils and substrate products. Every acre cleared generates service revenue today and lower-cost raw material for mulch and compost production tomorrow. This is the same two-sided ton economics that anchors the Company's vertically integrated model.