Eco Building Products Settles Complaint With Alpha Capital Anstalt
VISTA, Calif., June 10, 2013 /PRNewswire/ -- Eco Building Products, Inc., (OTCQB: ECOB) The Company announced today that a settlement has been reached and consideration has been paid to Alpha Capital Anstalt in connection with the Complaint filed against Eco Building Products, Inc. (ECOB) and certain subsidiaries thereof in the United Stated District Court for the Southern District of New York, Index No.: 13 Civ 03220(PAC) on May 14, 2013. Terms of the settlement include release of all parties and dismissal of the action brought forth in the Southern District court of New York.
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" 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.