Eco Building Products Receives Additional Release For 21 Units From Cornerstone Builders Ebuild & Truss Contract Releases Roll-In as Innovative Home Builder Continues to Build Defensively Employing Eco Red ShieldTM Protection
VISTA, Calif., Jan. 7, 2013 /PRNewswire/ -- Eco Building Products, Inc., (OTCBB: ECOB) announced today the company has secured an additional release for Lumber, Labor, Trusses and EWP products coated with Eco Red ShieldTM protection representing over Three-Hundred Eighty-Six Thousand Dollars ($386,000.00) in gross proceeds to the Company. Cornerstone Communities Corporation has released seven additional triplex's on our current contract comprising the new construction of 37 triplex's, representing 111 units developed for Cornerstone Communities "Veranza II" project located in "The Summit at Eastlake" Chula Vista, California.
E Build & Truss division of ECOB will be responsible to provide framing labor and truss packages coated with Eco Red ShieldTM protection. The applicable releases represent current contract orders with production home builders. The Company is now working diligently to increase the contract base increasing monthly total contract releases.
"The company continues to experience increased orders and releases from our current contract base. We are in a position for significant growth as we look forward to an improving national housing market this year. Our Eco Red Shield coatings are receiving increased demand across the board with significant traction on the eastern seaboard as the rebuilding efforts are under way in the wake of hurricane Sandy as this is expected to be one of the larger growth segments in 2013. It is almost like we invented this product for disaster rebuilds" stated Steve Conboy, President and CEO, Eco Building Products.
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.
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SOURCE Eco Building Products, Inc.