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.
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SOURCE Eco Building Products, Inc.