Forza Delivers First Shipment Pursuant to $2,000,000 Purchase Agreement
January 04 2011 - 9:15AM
Marketwired
Forza Environmental Building Products, Inc.
(www.forzaenvironmental.com) (OTCQB: GUGO) announces today the
delivery of the first shipment of Artzer Z-Panels™ to MerryHome, SA
de CV, a wholly owned subsidiary of Mytek International, Inc.
MerryHome agreed to purchase 40,000 of the building panels for a
total of US$ 2,000,000. The panels will be used for the
construction of 500 Social Housing Units at the Los Pinos Housing
project in Baja California.
Mytek International, Inc. (www.merrytech.com.mx) is a
multinational manufacturing and distribution company spanning Asia
and the Americas with a focus on environmentally sound products.
Founded in 1990, the company manufactures over 200 different
products, including consumer goods, household appliances, and
consumer electronics and utilizes a global distribution network
with major commercial retail partners. Their North American
facilities include an 880,000 sq. ft. manufacturing facility.
Merry Home SA de CV is a Tijuana, Mexico based construction
development company. Its "Los Pinos" residential home complex
consists of 700 two and three bedroom units. Merry Home carried out
and managed the planning, architecting, and logistics regarding the
project, as well as actively managing the ongoing construction. It
has already completed the 200 unit Phase 1 of the overall project.
The company is now exploring a variety of additional projects
throughout the Americas.
Forza Environmental Building Products, Inc. ("Forza") is a
public company whose common stock is quoted on the OTCQB Exchange
in the United States under the symbol GUGO. As the worldwide
manufacturer and distributor of the Artzer Z-Panel™, Forza will
provide environmentally sound, energy-efficient materials for safe,
sustainable shelter to disaster replacement and "affordable
housing" projects around the world.
Forward Looking Statements
This press release contains "forward-looking statements", as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this current report which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to the characteristics and features of
the Artzer Z-Panel™ system, that the adaption of the Malama's
bio-based version would compliment the existing Artzer Z-Panel™,
the signing of the final agreement by October 1, 2010, the
commencement of panel production thereafter, or that developing the
bio-based Artzer Z-Panel™ with Malama, LLC will enable the company
to take a giant step into a Greener Building future.
Contacts: Forza Environmental Building Products, Inc. Joel King
Director of Investor Relations 1-760-585-1900 or Toll-free:
1-888-663-6792 jnk@forzaenvironmental.com
www.forzaenvironmental.com