Eco Building Products Forms Partnership With GLOBAL Encasement, Inc.
ECOB Partnership Provides Enhanced Building Technology for Domestic and Off-Shore Housing Projects
VISTA, Calif., Oct. 11, 2012 /PRNewswire/ -- Eco Building Products, Inc., (OTCBB: ECOB) announced today the Company has signed a binding agreement with GLOBAL Encasement, Inc. (GEI) of California. GEI is a Pro-Planet Positive Company that manufactures high quality, Class A Fire-Rated environmentally friendly, non-toxic protective coatings for renewable/sustainable waterproofing, roofing and most interior and exterior building surfaces, complimentary to ECOB's existing line of protected lumber products. GEI's products are also engineered, tested and approved to manage-in-place toxic and hazardous building materials such as Lead-Based Paint, Asbestos-Containing-Materials, Mold and Mildew. The partnership further solidifies the Company's presence in the marketplace, and subsequent expansion into a niche market sector involving building material encapsulation, supporting the Company's goals of teaching the world a new way to build.
The details of this partnership will benefit both companies, affording ECOB exclusive pricing on their current line of high-quality coating products, with ECOB operating as a distributor of all GEI products on a client by client basis, pushing this product into ECOB's current market sector, offering a new line of cost-effective, non-toxic building protection. GEI's products will be utilized in conjunction with Eco Red Shield™ protection on all of ECOB's off-shore housing; walls and roofs.
"GLOBAL Encasement, Inc. is honored and excited to team up with such a progressive, environmentally conscious company as ECO Building Products. We look forward to tackling together many of the tough building challenges that face us all as we create jobs to help our cherished veterans," stated GEI President/CEO, George Keefe.
GEI exists as a company because of the belief that Green, Environmentally advanced coatings can solve many building challenges including obsolete hazardous building materials, such as asbestos, and lead based paint. By sealing over most building surfaces including roofing with GEI's industrial, protective coatings, end-users can safely eliminate removal and replacement, unnecessary exposure and prevent the creation of unwanted waste, ultimately safeguarding people and the environment.
In addition to the exclusive distribution rights and use of GEI's line of products, ECOB has the intention to create a proprietary product for use on lumber products, using GEI's topcoat technology in conjunction with its WoodSurfaceFilm™ and FRC™ technology, resulting in potential new products characterized by extended burn rates. As the Company gains success in new product creation, GEI will manufacture and private label this new product as Eco-Global for ECOB, resulting in a new line of products and applications with "ECOB Inside", slated to be sold in one and five gallon buckets exclusively by ECOB.
"I am truly excited about the opportunities created by our new partnership with GLOBAL Encasement. In the best interest of the Company's continued success, and as we continue to push the envelope with the creation of the newest in building technology, it's important that we seek out strategic opportunities, broadening the Company's product offerings while cultivating partnerships with companies like GEI. Our joint venture enhances the Company's ability to provide cost-effective, environmentally friendly and sustainable housing solutions, capable of meeting the growing global demand. Additionally, this partnership represents a value-added component to Ecob's project proposals currently being negotiated in off-shore emerging markets," stated Steve Conboy President & CEO of Eco Building Products, Inc.
Please view an interview between Steve Conboy and George Keefe of Global Encasement, Inc.
About GLOBAL Encasement, Inc.
GLOBAL Encasement, Inc. is a Pro Planet Positive Company, a manufacturer of high quality, fully tested and approved, Class A Fire Rated, award winning, environmentally friendly, non-toxic protective Green coatings for renewable/sustainable waterproofing, roofing and most interior and exterior building surfaces. Their line of Global Warming/Climate Change Solutions products are engineered, tested and approved to manage-in-place toxic and hazardous building materials such as Lead-Based Paint, Asbestos-Containing-Materials, Mold and Mildew. The products are so clean toxicological reports state they can even be applied in the presence of children and pregnant women. The website http://www.encasement.com/ offers a view of their proven track record of thousands of completed projects and satisfied customers.
About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites with 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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