VISTA, Calif., Sept. 30, 2014 /PRNewswire/ -- Eco Building
Products, Inc., (PINK: ECOB) announced today that the after several
months of certifying contractors, builders, realtors and modular
home factories, the Company is now utilizing our credit facility to
move from coating services only, to selling finished goods. This
was our plan all along and now that we have built a customer base,
we are purchasing and building an inventory of finished good. The
difference between coating services and selling finished goods can
be as much as ten times the revenue on each sale. In addition to
enabling the Company to purchase raw, this credit facility in
effect will increase the speed at which orders for finished goods
are processed and distributed to our customers. This inventory is
being established to directly support special order business for
The Home Depot retail locations active in the Northeast, and
advanced framing lumber and panel products commonly used by Modular
Home factories in and around the region.
Steve Conboy, President
& Chief Executive Officer, Eco Building Products commented that
"Eco's Northeast Region has been hard at work developing certified
contractors, builder and modular factories that support our vision
of raising the bar on how we build more defensively. Our VP
of this region is Christian Tirone
who comes with a background of over 20 years of Sales, Project
Management and General Contractor experience in the Modular Homes
Industry. At current, his primary focus is supporting Eco's efforts
with The Home Depot between in-store training of their associates,
and outside awareness that HD is a source for purchasing Eco Red
Shield advanced framing lumber and panel products." With a
newly revamped facility and lumber yard, new staff and management,
and a second coating line soon to go live, ECOB's New Jersey facility continues to grow to meet
the increasing demand.
Eco's Fair Lawn, New Jersey
facility continues to purchase and replenish back-up inventory for
HD in-stock reorders in support of the Eco Red Shield protected
lumber retail sales program. This pilot program has now grown to
include 107 selected stores in New
York and New Jersey since
early August 2014. While this program
is still in its' infancy and continues to be fine-tuned by both
companies, ECOB has manufactured and distributed over 63 stores
resetting studs and 44 stores resetting plywood across the 107
retail locations, with no marketing support from The Home Depot
yet.
With Eco Red Shield protected lumber becoming the standard
within great companies like Future Home Technology servicing
coastal communities, it is the perfect opportunity for Eco to start
installing and turning a finished goods inventory. Mr. Conboy
further noted that "Few understand how to take a new product to
market that costs more than standard materials that previously were
the norm. We are a company that is now reaching all markets in the
US with orders now going as far south as Florida and into Hawaii. The fact that Eco's footprint can
reach just about anywhere in the US without adding logistical cost
is opening the door for more and more lumber brokers since only a
few years ago we were only operating in California. We are
and will remain a 'Defensive Value Added Interior Framing' product
for above ground use. Look for our new ad campaign that highlights
Eco's lumber protection being safe around children and in schools,
as that alone separates us from the others that aren't. This
builder transition reminds us at Eco of how in our lifetime we've
watched the paint industry move from oil and lead based paints to
water-based; furthermore it's hard to find paints that aren't
cautious about VOC's and indoor air quality."
About Eco Building Products, Inc.
Eco Building
Products, Inc. is a manufacturer of treated wood products that are
protected against fire, mold/mycotoxins, fungus, rot-decay, wood
ingesting insects and termites by our proprietary eco-friendly
chemistry utilizing ECOB WoodSurfaceFilmTM and FRC™ technology
(Fire Retardant Coating) leading the world on Defensive Innovations
through the implementation of defensive building practices. Eco
Building Products' Global Defensive Vision is to foster
environmental stewardship, respect reforestation programs, and
consider the carbon footprint and recycling efforts as we forge
forward in the protection of homeowners and builders. We believe
that in conjunction with these endeavors, Eco Building Products
will have a positive impact on U.S. export business as supported by
factory-built housing managed by American Veterans, demonstrating
once again to America's youth that working in the Building Trades
is an honorable vocation.
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.
Company Contact
Eco Building Products,
Inc.
Phone: 1 888 Red Shld (888.733.7453)
Email: info@ecob.net
Web Site: www.ecob.net
Investor Relations Contact
Arthur Douglas & Associates, Inc.
Arthur Batson
Phone: 407-478-1120
SOURCE Eco Building Products, Inc.