ReTo Eco-Solutions Boosts Revenue Momentum with New RMB 10.71 Million Sales Contract

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Mar 04, 2021, 08:00 ET

BEIJING, March 4, 2021 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that its wholly owned operating unit Ruitu Mingsheng Environmental Protection Building Materials (Changjiang) Co., Ltd., won a sales contract worth RMB 10.71 million with Sanya Guohong Municipal Engineering Construction Co., Ltd., an influential State-owned enterprise with extensive sales channels and markets.

The two companies plan to expand the use of ReTo Eco-Solutions' environmentally friendly materials and equipment in construction projects, including ReTo' patented retaining bricks, which are used in a wide range of applications from construction and beatification projects to protection facilities in natural disasters including landslides and other disasters.

Mr. Li Hengfang, ReTo's Chairman and Chief Executive Officer, commented, "We continue to execute on our high-value, multi-stage business model, as we focus on building momentum and driving profitable revenue growth. With inherent sustainability and higher profit margins, our proprietary processing technology and equipment reduce the cost of waste by recapturing otherwise lost value in the recycling system. Importantly, we are right in the middle of the fast growing, global clean energy tech space, where demand far outstrips capacity. We continue to invest in our growth in support of our increased customer demand. At the same time, we are preparing for a future in which full value capture recycling will be the norm for manufacturers and municipalities across the globe."

About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)

Founded in 1999, ReTo (NASDAQ: RETO), through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company offers a full range of products and services, ranging from the production of environmentally-friendly construction materials, environmental protection equipment, and manufacturing equipment used to produce environmentally-friendly construction materials, to project consulting, design, and installation for the improvement of ecological environments, such as ecological soil restoration through solid waste treatment. For more information, please visit: http://en.retoeco.com

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding: 1) the ability of additional features and customized configurations on its machinery and equipment products to attract new customers; 2) the ability of the growth of its business to resume in the near future; and 3) the further spread of COVID-19 or the occurrence of another wave of cases and the impact it may have on the Company's operations are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the construction industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE ReTo Eco-Solutions, Inc.