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SOURCE Eco Building Products, Inc.
RMM Framing Selects Eco Red Shield Trusses on Sixty-Nine Unit Project in Vista, California
VISTA, Calif., June 30, 2014 /PRNewswire/ -- Eco Building Products, Inc., (PINK: ECOB) announced today that Wermers Multi-Family Corp. has selected Eco Red Shield defensive trusses for a sixty-nine unit, multi-family project in Vista, California that started framing this week. This 4-story podium structure featuring Eco's trusses is situated a few exits away from where the San Marcos fires raged only one month ago. This truss package will be manufactured at the Company's Oceanside, California truss facility utilizing Eco Red Shield protected lumber. http://www.ecob.net/_videoPlayer.php?v=../../ecobmedia/02-05-13_FloorTruss_02_460x258_qtp.mp4?iframe=true&width=525&height=370.
With single-family housing starts continuing to struggle, multi-family housing projects have taken on increasing market share within the housing industry (http://www.cnbc.com/id/100646124#). The increase in multi-family projects is one of the primary drivers of our Project Revenue Forward of $3M in the third quarter. The Company is increasing coating production in all ECOB's facilities as large national lumber brokers have expressed a projected increase in demand for our treated lumber.
"This project marks the first milestone on our path to profitability," stated Steve Conboy, President/CEO, Eco Building Products, Inc. "As we penetrate the multi-family housing project market, we are demonstrating the overall economic benefit we can bring to builders due to multi-family fires during construction and the possibility of reduced insurance premiums especially after the Houston fire (http://www.youtube.com/watch?v=eOUWMUBMvLA). An increase in multi-family projects coupled with our Big Box business opportunity will support our sales growth,"
About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of treated wood products that are protected against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites by our proprietary eco-friendly chemistry utilizing ECOB WoodSurfaceFilmTM and FRC™ technology (Fire Retardant Coating). Eco Building products, "Eco Red Shield" utilizing patent pending technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.
Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. ECOB takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.
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