Conforce International Completes Financing
March 16 2011 - 8:00AM
Marketwired
Conforce International, Inc. ("Conforce" or "Company") (OTCBB:
CFRI) (OTCQB: CFRI) is pleased to announce that it has raised a
further US $1.3 million completing the second round of equity
financing for aggregate subscription proceeds of US $7.5 million.
The additional shares issued are subject to the same terms and
conditions as those described in the press release disseminated by
the Company on February 22, 2011. The proceeds will be used to fund
the Company's EKO-FLOR™ manufacturing operations in Peru, Indiana.
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, Lloyd's Register and
Bureau Veritas for use in ocean-going containers worldwide and
recently passed TTMA RP-37 certification for use in North American
highway trailers. The Company has commenced customer evaluations of
its product with top-tier shipping lines and highway trailer
manufacturers. For more information, 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.
Conforce International, Inc. Investor Relations (416) 234-0266
ext. 6 investors@conforceintl.com www.conforceintl.com
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