Eco Building Products Receives Additional Releases For 12 Units From Cornerstone And 11 Homes From Heritage Builders
ECOB Contract Releases on the Move as Home Builders Continue to Employ Eco Red Shield™ Protection
VISTA, Calif., July 31, 2012 /PRNewswire/ -- Eco Building Products, Inc., (OTCBB: ECOB) announced today the company has secured additional releases for Lumber, Labor, Trusses and EWP products coated with Eco Red Shield™ protection representing over Five Hundred and Fifteen Thousand Dollars ($515,000.00) in gross revenues to the Company. Cornerstone Communities Corporation has released four additional triplex's on our current contract to build 37 triplex's representing 111 units for Cornerstone Communities "Veranza II" project located in "The Summit at Eastlake" Chula Vista, California. Heritage Building and Development has released an additional 11 homes at the Santa Rita project, located in Otay Mesa, Chula Vista, California.
E Build & Truss division of ECOB will be responsible to provide framing labor and truss packages coated with Eco Red Shield™ protection. These releases are for current contract orders with production home builders. The Company is now working diligently to increase the contract base increasing the monthly total contract releases.
"The company continues to experience increased releases from our current contract base. The Southern California market is on the move faster than prior years with housing starts. We have focused our local sales team to secure additional production home builder contracts allowing us to grow the top line revenues in line with forecasts," stated Steve Conboy, President and CEO, Eco Building Products.
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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