Conforce Acquires U.S. Facility for Production of EKO-FLOR
October 19 2010 - 8:00AM
Marketwired
Conforce International, Inc. ("Conforce" or "Company") (OTCBB:
CFRI) (OTCQB: CFRI) is pleased to announce that it has purchased a
155,000 square foot facility from auto parts manufacturer
Trelleborg YSH, Inc. The facility is situated on approximately 16.5
acres of land located in the City of Peru, Indiana. Through its
U.S. subsidiary, Conforce USA, Inc., the facility will act as the
Company's initial manufacturing outpost for commercial production
of EKO-FLOR™ composite flooring panels for the North American truck
and trailer market.
The facility will be equipped with technologically advanced
production equipment and processes designed specifically for the
manufacture of EKO-FLOR™. At full capacity, the facility will have
annual production capacity sufficient to equip in excess of 50,000
full sized 53' highway trailers. The Company's objective is to
begin delivering EKO-FLOR™ panels to leading North American truck
and trailer manufacturers by January 2011.
CEO Marino Kulas commented that: "The acquisition of the Indiana
facility represents an important milestone for the Company. We will
work closely with our strategic partner Bayer to ensure the timely
execution of our plan to bring production capacity of the facility
on-line. As demand for EKO-FLOR™ increases, we will scale our
operations by adding new facilities to our US footprint. We have
established a beachhead and will now ramp-up production."
About Conforce International
Management of the Company has been in the shipping container and
highway trailer business for over 25 years. The Company has
developed an innovative composite flooring system, EKO-FLOR™,
engineered to replace the outmoded hardwood flooring currently
employed by the transportation industry. The Company is targeting
its initial sales efforts on the container and trailer industries
which have been aggressively seeking a viable replacement for
apitong tropical hardwood and laminated oak flooring, respectively.
EKO-FLOR™ is significantly lighter, stronger and more durable than
wood. The product possesses superior quality and performance
characteristics including complete resistance to stains, odors,
absorption of oil or liquid chemicals, microbial and insect attack.
EKO-FLOR™ will not corrode, delaminate or absorb water. The
solution is cost-effective, has a reduced carbon footprint and is
environmentally responsible. In 2009, Conforce and Bayer, a leading
global material sciences conglomerate, became project partners for
the purposes of commercializing EKO-FLOR™. The product has been
certified by the American Bureau of Shipping for use in ocean-going
containers worldwide and recently passed TTMA RP-37 certification
for use in highway trailers. The Company has commenced customer
evaluations of its product with top-tier shipping lines and highway
trailer manufacturers. For more information on the Company, please
visit www.conforceintl.com.
Safe Harbor Act Disclaimer: Forward-looking statements in this
release are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Certain
statements in this press release may contain words such as
"anticipates," "believes," "could," "estimates," "expects,"
"intends," "may," "projects," "plans," "targets" and other similar
language and are considered forward-looking statements. These
statements are based on management's current expectations,
estimates, forecasts and projections about the success of its newly
developed container and trailer flooring products, as well as
certain other composite based flooring products in various stages
of development. These forward-looking statements are subject to
important assumptions, risks and uncertainties, which are difficult
to predict and therefore the actual results may be materially
different from those discussed.
CONTACT: Kathryn Saliani Investor Relations (416) 234-0266 ext.
6 EMAIL: investors@conforceintl.com WEB-SITE:
www.conforceintl.com
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