EcoBlu Confirms Additional Product Contract Orders, Phase Three of Santa Rita Home Development
Heritage Building and Development, Inc., an independent third party developer, Continues to Release Production Phases Utilizing Red Shield™ Coatings
VISTA, Calif., June 15, 2011 /PRNewswire/ -- EcoBlu Products, Inc. (OTCBB: ECOB) announced today it has been awarded another nine home contracts to supply all framing lumber components and trusses with Red Shield™ Protected Lumber employing our Wood Surface Film™ technology. The contracts are for the Santa Rita production homes being built by Heritage in the planned community of Otay Ranch in Chula Vista, California. ECOB is currently shipping product for phase two of Santa Rita and Casita De Avila projects and is now under contract for shipment of the nine homes, estimated in July, 2011. This follow on order represents nine new lots with estimated gross revenues, for ECOB, in excess of $148,000.00 dollars.
The first neighborhood referred to as Casita De Avila contains 61 lots with an average home size of 1,900 square feet. The second neighborhood referred to as Santa Rita is 55 homes with an average home size of 2,500 square feet. These are developments by Heritage Building and Development, an independent company. ECOB continues to service part of the construction needs of Heritage Building and Development with value added lumber products.
"The value added features of our customer Heritage homes, by including our products in their developments, have accelerated the sales revenue cycle providing my company with contract releases much faster than anticipated. I am extremely pleased with our established relationship with Heritage Builders," said Steve Conboy, President and CEO of EcoBlu Products. "We have spent this past quarter gearing up our production levels and inventory to be able to quickly respond to our customer demands," added Conboy.
About EcoBlu Products, Inc.
EcoBlu 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 Wood Surface Film™ and FRC™ technology (Fire Retardant Coating). EcoBlu products, "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. EcoBuilding Products is a registered DBA of EcoBlu Products, Inc.
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 EcoBlu Products, Inc.
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