Eco Building Products, Inc.'s Subsidiary, Wood Protection Technologies (WPT), Awarded New Distribution Region
Distribution of WPT's D-Fence(TM) Formulation Continues to Accelerate
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 08/31/17 -- Eco Building Products, Inc. (OTC PINK: ECOB), reported today that the Company's subsidiary, Wood Protection Technologies, Inc. (WPT), has been awarded an important new distribution market in the Southeast U.S. The Company and its licensee have been working on a launch and ramp-up plan for their new national distribution agreement which has already exceeded annual targets. Adding this distribution region will make the product available throughout most of the Southeast and further accelerate the roll out.
"Product acceptance has been exceptional and we are told that the overall pace and scope of the roll out plan is being re-evaluated for broader distribution. We had a very good launch in April, May and June and while shipments slowed in July and August, it was expected as they absorbed the inventory. Replenishing inventories and adding new geographical markets should result in more growth over the fall season," said Tom Comery, WPT's President and CEO.
D-Fence™ is an environmentally friendly wood fencing treatment that combines WPT's patent pending, Wood Surface Film Concentrate™ chemistry that protects wood from mold, termites and fungal decay with a proprietary, fade resistant stain formulation.
The Company's chemistry serves multiple end use wood markets and fencing alone is roughly a $1.5 billion segment.
Eco Building Products, Inc. (Eco) is a manufacturer of proprietary, environmentally conscientious chemistry utilizing patent pending ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco's products protect against fire, mold/mycotoxins, fungal-decay, wood ingesting insects and termites. Eco is headquartered in San Diego, CA and goes to market through licensed Affiliates nationwide.
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.
Eco Building Products, Inc.
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Datum: 31.08.2017 - 11:00 Uhr
Sprache: Deutsch
News-ID 558383
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SAN DIEGO, CA
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Commodity Chemicals
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