Eco Global Kit Order Equates to a $7.3 Million Sale
April 12 2010 - 9:00AM
Marketwired
Eco Global Corporation (OTCBB: ECOG) -- Daniel Correa, President,
clarified terms of 700 kit houses order announced April 8, 2010
from Dixie Homes S.A. de C. V.
In the Letter of Intent Eco Global Corporation will contract
with a large block manufacture to produce the patented IncaBlock in
San Diego, California. Eco Global will continue to design such
items as the electrical box assemblies into the block, framing
assemblies for the doors and windows, and will manufacture the
precast roofing structure and polystyrene roof block panels. It has
been indicated by Dixie Homes that the size of this order will be
approximately 490,000 square feet of kits.
Eco Global has agreed to deliver the kits at a cost of $15 per
square foot. By using this calculation, the value of this Kit order
is $7,350,000 US. Shipments are schedule to begin in 60 days. Mr.
Correa stated that "the company has excellent built in profit
margins at these levels but I will not project returns until
contracts and supplies are purchased."
About Eco Global Corporation To exemplify the practicality of
INCABLOCK-based housing, Eco Global has built several model homes
in varying configurations for the Mexican market and government
programs. This effort has positioned the company to finalize an
agreement calling for the building of a large number of affordable
INCABLOCK homes in Mexico. To facilitate large low cost
developments, Eco Global has created a turnkey program that
includes all the elements needed for a successful operation
anywhere in the world: the licensing for manufacturing INCABLOCKS
on site, all the necessary equipment, and complete setup
procedures, specification software, factory training, and on-call
field support. Under the right circumstances, Eco Global will also
consider joint venture partnerships with developers.
More information can be found on the Eco Global web sites
"www.ecoglobalcorp.com"; or "www.incablock.com"; contact number is
619-550-2396. Product samples are available and may be shipped
world-wide to qualified recipients.
Safe Harbor Statement This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. Forward-looking
statements, which are based on certain assumptions and describe
future plans, strategies, and expectations, are generally
identifiable by the use of words such as "believe," "expect,"
"intend," "anticipate," "estimate," "project," or similar
expressions. These forward-looking statements relate to, among
other things, expectations of the business environment in which the
Company operates, projections of future performance, potential
future performance, perceived opportunities in the market, and
statements regarding the Company's mission and vision. The
Company's actual results, performance, and achievements may differ
materially from the results, performance, and achievements
expressed or implied in such forward-looking statements.
Eco Global to begin preparations to deliver up to 700 KIT
houses
Average House size: 700 SF
Average square footage: 490,000 SF
Price per SF: $15.00
Approximate Value of order: $7,350,000
Eco Global to arrange for the following:
Blocks with electrical boxes assembly
Framing for doors and windows
Roofing Structure manufacturing:
1. Concrete Joists
2. Polystyrene Block panels
Components for the KIT
Targeted profit margin: 20%
Media and Financial Contact: Investor Relations: Eco Global
Corporation 619-550-2396 Email Contact dcorrea@ecoglobalg.com