San Diego, CA – October 4, 2017 – Eco Building Products, Inc., (PINK: ECOB) reported today that the Company’s subsidiary, Wood Protection Technologies, Inc., (WPT) has received orders earmarked for its new distribution in the Southeastern U.S. as previously announced August 31st.
The Company and its licensee are executing a ramp-up plan that was accelerated across the regions severely impacted by the recent hurricanes, Harvey and Irma. Initial shipping was delayed by the storms, but is now underway and it is expected that inventory will begin to build in stores by early November.
“The wind events associated with the two recent hurricanes have wreaked havoc on wood fencing across much of the Southeast and Gulf States and having distribution coverage will put us in a great position to participate in the rebuilding efforts,” commented Tom Comery, WPT’s President and CEO.
WPT experienced tremendous growth in the quarter ending June 30, 2017 which has been followed by an expected lull while its distribution network absorbed the initial inventory. The hurricanes delayed both new stocking and replenishment orders until now; however the Company expects further growth over the coming months.
D-Fence™ is an environmentally friendly wood fencing treatment that combines WPT’s patent pending, Wood Surface Film Concentrate™ chemistry that protects wood from mold, termites and fungal decay with a proprietary, fade resistant stain formulation.
The Company’s chemistry serves multiple end use wood markets and fencing alone is roughly a $1.5 billion segment in the U.S and more than $32 billion worldwide.
About Eco Building Products, Inc.
Eco Building Products, Inc. (Eco) is a manufacturer of proprietary, environmentally conscientious chemistry utilizing patent pending ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco’s products protect against fire, mold/mycotoxins, fungal-decay, wood ingesting insects and termites. Eco is headquartered in San Diego, CA and goes to market through licensed Affiliates nationwide.
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.
Eco Building Products, Inc.
Phone: 1 (858.780.4747)
Web Site: www.ecob.net