LAKE PARK, Fla., Oct. 1, 2012 /PRNewswire/ -- EcoSmart
Surface and Coating Technologies Inc. (EcoSmart), a wholly owned
subsidiary of The Renewable Corporation (ticker symbol RNWB),
signed on an exclusive product & distribution agreement with
Superior Furniture, Inc. DBA Casual Creations on August 30th, 2012.
(Logo: http://photos.prnewswire.com/prnh/20121001/NY83617LOGO
)
The agreement grants Casual Creations of Sarasota, Florida the right to utilize
EcoSmart products for the outdoor furniture market. Arthur James Jr., President of Casual Creations
said "Utilizing the revolutionary EcoSmart system allows us to
expand our existing line to offer unique designs on glass currently
unavailable in the marketplace."
The agreement is for a minimum purchase of $500,000 in the first year, $1M in the second and $2M in the third year, and sales are expected to
be easily exceeded.
Gary Smith, The Renewable
Corporation CEO says, "According to Global Industry Analysts, Inc,
the outdoor furniture market is expected to exceed $4.4 Billion by 2015.* Partnering with Casual
Creations offers an excellent opportunity by allowing us to expand
the EcoSmart product line into previously untapped markets."
* http://www.prweb.com/releases/2011/1/prweb8041780.htm
For more information on Casual Creations contact
CustomerService@CasualCreations.com or
Information on The Renewable Corporation contact
info@TheRenewCorp.com
About EcoSmart Surface and Coating Technologies Inc.
EcoSmart Surface and Coating Technologies Inc., a wholly owned
subsidiary of The Renewable Corporation Inc., offers a substantial
portfolio of nano-technology coatings and solid surface covering
alternatives.
EcoSmart's Innovative and unique process for surface covering
(patents pending) achieves a highly desirable appearance that's
extremely durable, provides superior quality and performance, and
offers a more environmentally friendly choice than conventional
flooring options. In addition, asbestos can be fully encapsulated
with this product, making removal not necessary. Application
requires less energy consumption than conventional processes.
Interior and exterior flooring, countertops and many other
horizontal surfaces can all be enhanced using these new
methods.
EcoSmart's established and upcoming coatings cover a broad range
of markets, including the marine and automotive industries,
construction, food & hospitality markets, the medical field,
and encompass large-scale industrial facilities to individual
consumers. These coatings are self-cleaning and can be used to
weatherproof most surfaces. Coatings can prevent oxidation, wood
rot, offer superb resistance to sunlight degradation and water
rejection, plus the coating does not support bacterial growth
making it ideal for the medical, food & hospitality
industries.
About The Renewable Corporation
The Renewable Corporation (TRC, trading symbol RNWB) was
established in 2004, adopted its present name in 2008, and is based
in Lake Park, Florida. It develops
and supplies products, services, and technologies that use
efficient, renewable resources. TRC knows there is significant
interest in clean, green, and lean methods that offer superlative
quality at a cost that is a reasonable alternative to traditional
choices, and will have a less hazardous impact on the environment
and human health.
The Renewable Corporation family of companies integrates
sustainable manufacturing and distribution with cutting edge
research and proprietary technology to provide the most advanced
line of products and services available. TRC actively seeks out
partner companies and individuals that are engaged in similar,
forward leaning efforts. The company encourages creative synthesis
and the inspired application of ideas in unexpected places.
Discovering new solutions to existing and anticipated problems is
the corporation's primary goal. The Renewable Corporation portfolio
already contains multiple patents and patented products.
The Renewable Corporation management has assembled an
exceptional leadership team to establish the company's position at
the forefront of environmentally friendly business, and to guide
its efforts. Their expertise includes new business development and
financing, international sales and marketing, industrial
renovation, molecular biochemistry, and bio-technology.
Legal Notice:
This press release may contain forward-looking statements,
particularly as related to pro forma financial statements, earnings
estimates and business expectations, within the meaning of Section
27A of the Securities Act of 1933 and Sections 21E of the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by these sections. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, goals, assumptions or future events
or performance are not statements of historical fact and may be
"forward looking statements." Forward looking statements are based
on expectations, estimates and projections at the time the
statements are made that involve a number of risks and
uncertainties which could cause actual results or events to differ
materially from those presently anticipated. These forward-looking
statements are only made as of the date of the press release and
Technology River Investments and the companies discussed do not
undertake any obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Corporate Contact Information:
The Renewable Corporation
1313 South Killian Drive
Lake Park, FL
33403
Gary D. Alexander, Corporate
Secretary - Investor Relations
www.TheRenewableCorp.com
G.Alexander@TheRenewCorp.com
Phone: 772-380-4320 x2
SOURCE The Renewable Corporation