Ecoland International, Inc. Sets Target Completion Date for Acquisition of D&R Technology Inc.
October 19 2011 - 8:00AM
Ecoland International, Inc. (OTCBB:ECIT) announces that, further to
its press release dated September 15, 2011, Ecoland International
anticipates that, subject to the receipt of all necessary board
approvals, it will complete the previously announced acquisition
(the "
Acquisition") of D&R Technology Inc. on
November 4, 2011.
Pursuant to the share exchange agreement D&R's shareholders
will receive a majority share ownership in ECIT and it is
anticipated that a name change will be made reflecting this change
in majority share ownership. Also according to the share exchange
agreement D&R's management team will assume operating and
managerial control upon completion of the acquisition.
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ultimate goal, is being superseded by hybrid, partially automated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.
Website – www.dnrtechnology.com
David Wallace, CEO of Ecoland International, states, "We are
truly excited about completing the acquisition with D&R 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 of precision
metal components." Wallace continues, "The main stimulus for this
acquisition was the tremendous growth potential of the D&R
brand and the strong demand for such products associated with this
brand. We also inherit the proven revenues, sales experience and
the existing business relationships of D&R."
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, Ecoland International, Inc. These risks and uncertainties
include, but are not limited to, those relating to development and
expansion activities, Ecoland International, Inc. 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