VISTA, Calif., April 1, 2013 /PRNewswire/ -- Eco Building Products, Inc. (OTCQB: ECOB) announced today the Company has been awarded an additional production release, representing over $500,000.00 in additional gross revenue contract orders, for ECOB to supply Eco Red Shieldtm coated lumber, labor and trusses for a development of homes at Heritage Building and Development project in Otay Mesa, Chula Vista California. E Build & Truss, Inc., a wholly owned subsidiary of Eco Building Products, was awarded the framing contract with the inclusion of Eco Red Shieldtm lumber, labor and truss package for the entire community of Santa Rita. The Company has successfully coordinated with Heritage Building and Development to leverage the inclusion of Eco Red Shieldtm protection against mold, wood-rot decay, termites and fire to be a successful partnership with the homeowner as the ultimate winner.
Eco Building Products has several contracts with home builders currently in similar sales - release cycles. The Company has continued increasing the contract price to homebuilders representing the rising price of lumber, Eco Red Shield coating and labor in the market. Our customers continue to award Eco Building Products with the contract recognizing the overall value package.
E Build & Truss has provided Heritage Building and Development with best in industry product and service throughout the entire development phases of Santa Rita. The current release will start shipping and framing within the next three weeks.
"Our coating facility located in Colton, CA is now ramping fast to accommodate repeat orders with E Build & Truss division. Currently we are processing over a million dollars in Eco Red Shield coated wood orders. Heritage Building and Development was the first production builder to embrace ECOB technology almost three years ago. ECOB's plan to create the paradigm shift towards coated lumber for the entire super structure of the home started with builders like Heritage. Now we have raised the bar extremely high with our achievements of building code approvals for Wood-Rot Decay and Termites along with our class A fire approvals from QAI," stated Steve Conboy, President and CEO of Eco Building Products. "We have now focused our targets, adding to the paradigm shift, the light gauge roof and floor truss business. Eco Red Shield protected lumber is non-corrosive to the nail plates employed to build light gauge trusses. We look forward to bringing Eco Red Shield roof and floor trusses to the production home builder providing a safer home for homeowners and first responders with our GREENGUARD certification making our coating protection safe around children and schools," 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 WoodSurfaceFilmTM 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.