Conforce International Provides Business Update on U.S. Operations
June 29 2011 - 8:00AM
Business Wire
Conforce International, Inc. (“Conforce” or “Company”) (OTCBB:
CFRI) today announced that it has commenced commercial production
of its proprietary EKO-FLOR™ xts composite trailer floor system at
its manufacturing facility in Peru, Indiana.
The Company has received initial orders from CIMC Vanguard
National Trailer Corporation totaling in excess of $450,000. With
regard to its plans to integrate EKO-FLOR™ into Vanguard’s
production platform, Mr. Charlie Mudd, President of CIMC Vanguard,
commented that: “CIMC Vanguard has been eagerly awaiting the launch
of EKO-FLOR™ commercial production in Peru, Indiana. We gave
Conforce small initial orders earlier this year and plan
to build on those orders in the coming months. Our feedback from
customers to date has been extremely positive. As Conforce
increases its production capacity in Peru, our sales force will
aggressively offer EKO-FLOR™ to our fleet customers and
position it as a standard premium option on all of our trailer
lines. EKO-FLOR™ is lighter, stronger and longer lasting than any
other floor available today. We have always been on the front end
of new advancements in the industry. Innovations like EKO-FLOR™
allow us to maintain our competitive advantage.”
EKO-FLOR™ has received TTMA certification and has yielded
successful platform test and over-the-road results. As the Company
builds out its production capacity in Peru, it expects broad
adoption of EKO-FLOR™ throughout the industry. Conforce has also
had discussions with leading highway truck and trailer
manufacturers including Great Dane Trailers, Wabash National,
Utility, Hyundai Translead and Fontaine Trailer. In addition,
EKO-FLOR™ has been installed by Stoughton Trailers in its 50th
Anniversary trailer which will be displayed at numerous trade shows
throughout the United States.
In advance of the launch of commercial production, Conforce has
continued to staff and train its personnel in Peru, Indiana and
will commence 24/5 production from its proprietary manufacturing
platform in mid-July 2011. The Company expects to have built out
20% of its manufacturing capacity by October 2011, by which time it
will have shifted to 24/7 production. At full production, the
facility is capable of generating gross revenue in excess of
$12,000,000 per month.
Additional information pertaining to the Company and its
operations, including more detailed information with respect to the
Company’s March 31, 2011, financial statements, will be contained
in its Annual Report on Form 10-K, which the Company anticipates
filing on or before June 30, 2011. Once filed, the Annual Report
will be available at no charge at http://www.sec.gov.
The Company also announced that in August 2011, following the
release of its financial results for its first quarter ended June
30, 2011, it will begin conducting quarterly conference calls.
About Conforce
International
Since its inception in 2004, Conforce dedicated its research and
development efforts to an innovative composite flooring system
known as EKO-FLOR™. EKO-FLOR™ has been engineered to replace the
outmoded hardwood flooring currently employed by the transportation
industry. EKO-FLOR™ is significantly lighter, stronger and more
durable than wood. The product possesses superior, environmentally
friendly, performance characteristics including complete resistance
to stains, odors, absorption of oil or liquid chemicals, microbial
and insect attack. EKO-FLOR™ has successfully completed several
customer trials with leading highway trailer manufacturers and is
currently in trials with the largest shipping lines in the world.
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 (GM) (USOTC:CFRI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Conforce (GM) (USOTC:CFRI)
Historical Stock Chart
From Nov 2023 to Nov 2024