Eco Building Products Awarded Contract In Excess Of Nine Hundred Thousand Dollars In Gross Revenues
ECOB Awarded Lumber and Framing Contract to Build Five Story Hampton Inn Hotel
VISTA, Calif., Aug. 21, 2012 /PRNewswire/ -- Eco Building Products, Inc., (OTCBB: ECOB) announced today the company has been awarded the lumber and labor framing contract to build the Hampton Inn hotel located in Mission Valley. This five story project consists of 182 units, incorporating Eco Red Shield™ protection, located in Mission Valley, "Hotel Circle" San Diego, California. This is the second multi-story commercial project awarded to the company by Tricorp Hearn Construction, scheduled to start shipping in September, 2012.
The Company has been aggressively marketing the Eco Red Shield product, coupled with the services of E Build & Truss, targeting the multi-family, mixed-use projects, which are on the rise in the recovering construction market. The complete package approach is working based upon the performance of our organization and the facts of being awarded repeat business.
"This project coupled with the last few orders has created a significant backlog for the Company. Depending on the timing it appears we will have significant growth in our top line numbers in the next few quarters," stated Steve Conboy, President and CEO, Eco Building Products. "The Company now has a good mix of contracts on the books allowing us to increase production capacity driving down the manufacturing costs," added Conboy.
About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of treated wood products that are protected against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites by our proprietary eco-friendly chemistry utilizing ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco Building products, "Eco Red Shield", "Eco Blue Shield" & "Eco Clear Shield" utilizing patent pending technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.
Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. ECOB takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.
Investor Relations Contact
Arthur Douglas & Associates, Inc.
SOURCE Eco Building Products, Inc.
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