Ecoland International, Inc. Provides Information Regarding the Intended Acquisition of Company D&R Technology
October 05 2011 - 4:00PM
Ecoland International, Inc. (OTCBB:ECIT) is pleased to provide its
shareholders additional information about the intended acquisition
of company D&R Technology. On October 1, 2011 Ecoland
International, Inc. and D&R Technology entered into a letter of
intent whereby, D&R's shareholders will receive a majority
share ownership in ECIT and D&R will become the surviving
entity. Also according to the same letter D&R's management team
will assume operating and managerial control upon completion of the
acquisition.
Today Ecoland International is pleased to provide its
shareholders with further information as it relates to the intended
company being acquired D & R Technology Inc.
About - D&R Technology Inc.
D & R Technology Inc. is a recognized technology pioneer and
market leader in the area of engineering, design and the
manufacturing of automated tube processing solutions for the
automotive industry. It is emerging as one of the world's leading
providers of automated manufacturing solutions, which are used by
three of the top ten automotive part suppliers in the world. The
Company also makes custom-built tooling, provides process
development, production support, "on-going" service, preventive
maintenance and more. D&R is devoted to customer satisfaction
through best in class technology application. Developed
partnerships with market leaders enable D&R to collectively
leverage their respective strengths and deliver total solutions to
their customers.
D&R Technology, Inc. applies a process driven approach to
equipment creation.
Today's automotive enterprises must continually increase their
productivity in order to compete effectively. This requires shorter
delivery times reduced operating costs, optimal utilization of
capacities and optimized material and information flow, which is
the continued primary focus D&R Technology, Inc., offers their
customers.
At the same time, total automation, defined previously as the
ultimate goal, is being superseded by hybrid, partially automated
and therefore flexible production systems. More than ever before,
automotive enterprises need companies like D&R to build
complete and partially automated solutions, designed quickly,
cost-effectively, reliably and ergonomically.
The global automotive manufacturing industry operates in an
increasingly aggressive marketplace whose performance is tied
directly to performance of the large and growing retail automobile
industry. The top six companies in the global manufacturing
industry are General Motors (GM), Toyota, Ford, DaimlerChrysler,
Volkswagen and Honda and of those D&R automotive solutions are
delivering parts for several major automotive brands including
Ford, General Motors (GM), Toyota, DaimlerChrysler, and Honda.
Management is confident that by year 2015 an estimated eighty
percent (80) percent of North American automobiles on market will
encompass parts and components produced by the - D&R Technology
Inc. products.
D&R Technology Inc. addresses multi-billion dollar markets
with huge demand for their superior, cost-effective
products. The Company is positioned for rapid growth in
revenues and profits and has an impressive and highly-qualified
management team that is focused on maximizing shareholder value and
becoming a global leader in their industry niche.
Website – http://www.d-r-t.com/
Commenting on the acquisition, David Wallace, CEO of Ecoland
International, states, "I am very excited about this pending
acquisition as we feel D&R is positioned for rapid revenue
growth and strong profitability as the Company's technology is
clearly applicable to a number of huge multi-billion dollar
markets, including automobile manufacturing, aircraft, large
construction equipment, die cutting and other industries requiring
robotic fabrication." Wallace further states his belief that the
proposed deal is "a straight forward share transaction with
reasonable terms for both parties that facilitates Ecoland
International, Inc. acquiring assets that have the potential to add
significant value in a short time frame." He continues, "We expect
the details of the transaction to be released shortly and to
conclude the acquisition in a timely fashion."
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain
information included in this press release contains statements that
are forward-looking, such as statements relating to the future
anticipated direction of the Company, plans for future expansion,
various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth,
potential contracts, and/or aspects of litigation. Such
forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results
in the future, and, accordingly, such results may differ from those
expressed in any forward-looking statements made by, or on behalf
of, American Eagle Energy Inc. These risks and uncertainties
include, but are not limited to, those relating to development and
expansion activities, dependence on existing management, financing
activities, and domestic and global economic conditions.
Persons are encouraged to read our Annual Report on Form 10-K
for the year ended May 31, 2011 and our other documents
subsequently filed with the Securities and Exchange Commission for
meaningful cautionary language in respect of forward-looking
statements in this press release. Interested persons are able
to obtain free copies of filings containing information about the
Company at the SEC's internet site (http://www.sec.gov). The
Company assumes no obligation to update any of these
forward-looking statements.
CONTACT: Ecoland International, Inc.
David Wallace
Info@ecolandguano.com
http://www.ecolandguano.com