Ecologix Resource Begins To Deliver Sipo Contract To French Timber Company
November 30 2010 - 12:56PM
Business Wire
Ecologix Resource Group (OTCBB:EXRG) announced that it has
received an order from a leading French timber company for its
supply of Sipo or “African Mahogany.” The timber company is known
for its high-end construction. Ecologix anticipates additional
orders from the company.
Sipo has been used from everything from high-end architectural
millwork and furniture to cabinetry and boat building. It is
harvested from countries in West Africa and distributed worldwide.
The wood has light to deep reddish-brown color variations and is
known for its moderately coarse texture with interlocking grain.
Sipo continues to be very popular in the Europe and China. Demand
for Sipo is also increasing in the United States.
Ecologix exports numerous varieties of African hardwood
including Tali/Teak, Sipo/Mahogany, Padouk, Okan, Doussie, and
others.
About Ecologix Resource Group
Ecologix Resource Group is a natural resource company focused on
the timber industry and production of alternative energy solutions
in accordance with the most stringent environmental standards
regulating these industries. Ecologix has an unyielding commitment
to global conservationism, and is structured to operate in a manner
that is responsible, compliant and profitable. Presently, the
Company's focus is primarily on the timber industry; however, as
the business grows, Ecologix continues to explore opportunities
with other natural resources such as biofuel and oil, and will
evaluate other countries and geographies. Additional information on
Ecologix Natural Resource Group is available on its website,
www.ecologixrg.com.
Forward-Looking Statements
This press release contains forward-looking statements made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned that a number
of factors could cause our actual results to differ materially from
any results indicated in this release or in any other
forward-looking statements made by us, or on our behalf. These
include among others factors related to general economic
conditions, interest rates, demand for materials handling products
and construction equipment, performance of our manufacturing
facilities and the cyclical nature of the materials handling and
construction equipment industries. Further, historical information
should not be considered an indicator of future performance.
Additional considerations and important risk factors are described
in our reports on Form 10-K and 10-Q and other filings with the
Securities and Exchange Commission.
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