EcoSmart Surface & Coating Technologies, Inc. announces new product breakthrough in asbestos encapsulation

LAKE PARK, Fla., June 12, 2013 /PRNewswire/ -- EcoSmart Surface & Coating Technologies, Inc. ("EcoSmart") a wholly owned subsidiary of The Renewable Corporation (NASDAQ Pink sheets Symbol: RNWB) announced today the development of a patented proprietary system that fully encapsulates vinyl asbestos tile ("VAT"). The Eco-NanoBond™ system is a three part system that eliminates the need for the demolition and removal of asbestos floors or walls.

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EcoSmart's Eco-NanoBond™ is a unique system which makes a base surface being coated chemically active to allow the system to cover and encapsulate VAT, toxic, degraded, cracked and soiled surfaces. The system creates a solid monolithic light weight membrane by chemically bonding coatings together which effectively encapsulate asbestos. Eco-NanoBond system uses a thin polyaspartic layer which is the only type of coating with the elongation and flexibility to successfully encapsulate damaged surfaces that may continue to experience further degradation beneath the monolithic membrane. EcoSmart's Eco-NanoBond system provides both substantial cost and time savings and is easy to install on almost any type of floor from terrazzo to wood.

A survey performed by the EPA done after the production of asbestos flooring products ended, reported that 42% of all public and commercial buildings in the U.S. contain asbestos flooring material. The EPA recommends the best solution to manage asbestos is encapsulation.

Gary Smith, CEO stated, "We are excited and look forward to the commercial launch of our proprietary asbestos encapsulation solution. We have a demonstrable proven process to meet customer needs and market demand. We provide a lower cost, more effective solution that solves a big problem in addressing the 42% of America's government and commercial buildings which presently have aged asbestos flooring material."

About EcoSmart Surface & Coating Technologies

EcoSmart Surface & Coating Technologies, Inc. ("EcoSmart") a wholly owned subsidiary of The Renewable Corporation  has developed an exciting new alternative in decorative floor and surface coverings. This innovative and unique process (patented) achieves a highly desirable appearance and is extremely durable, provides superior quality and performance, and offers a more environmentally friendly choice than conventional flooring options. EcoSmart's products and  processes can even seal and encapsulate hazardous materials such as asbestos in a permanent chemical bond. Interior  and exterior flooring, countertops and many other horizontal surfaces can all be enhanced using these new methods.

About The Renewable Corporation

The Renewable Corporation was established in 2004, adopted its present name in 2008, and is based in Lake Park,  Florida. It develops and supplies products, services, and technologies that use efficient, renewable resources. RNWB's management understands there is significant interest in clean, green, and lean methods that offer superlative quality at a cost that is a reasonable alternative to traditional choices, and that will have a less hazardous impact on the  environment and human health.

The Renewable Corporation and its affiliates integrate sustainable manufacturing and distribution with cutting edge research and proprietary technology to provide the most advanced line of products and services available. RNWB  actively seeks out partner companies and individuals that are engaged in similar, forward leaning efforts. The company  encourages creative synthesis and the inspired application of ideas in unexpected places. Discovering new solutions to existing and anticipated problems is the corporation's primary goal. The Renewable Corporation portfolio already contains multiple patents and patented products. Continued support for national manufacturing and small business is  also at the heart of The Renewable Corporation charter. RNWB believes that innovative individuals and businesses will invigorate our economy and drive sustained growth into the future as the knowledge continues to evolve. RNWB's management believes that its products, processes, and services will create many jobs, both at the individual and corporate level. An exceptional leadership team has been assembled by RNWB to establish the company's position at the forefront of environmentally friendly business, and to guide its efforts. Their expertise includes new business development and financing, international sales and marketing, industrial renovation, molecular biochemistry, and biotechnology.

Legal Notice:

This press release may contain forward-looking statements, particularly as related to pro forma financial statements, earnings estimates and business expectations, within the meaning of Section 27 A of the 'Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. These forward-looking statements are only made as of the date of the press release and The Renewable Corporation and the companies discussed do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Corporate Contact Information: The Renewable Corporation, 1313 S. Killian Drive, Lake Park, FL 33403; Phone: 561-328-6488

Investor Relations: Gary D. Alexander, Corporate Secretary; Email:  [email protected]; Phone: 772-380-4320 x2

SOURCE EcoSmart Surface & Coating Technologies, Inc.