Eco Building Products, Inc.''s Subsidiary, Wood Protection Technologies (WPT), Surpasses 400 Stocking Locations with National Fencing Agreement
Distribution of WPT's D-Fence(TM) Formulation Continues Strong Growth
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 09/07/17 -- Eco Building Products, Inc. (OTC PINK: ECOB) reported today that the Company''s subsidiary, Wood Protection Technologies, Inc. (WPT), has surpassed 400 stores in ramping up the distribution of its Eco D-fence™ treated fence pickets. WPT is executing a national distribution agreement through one of the Nation''s largest home center chains with the Industry''s largest producer of wood fencing.
WPT entered into the Company''s first national distribution agreement in March, received the first round of orders in April and then grew rapidly thereafter. As expected, sales slowed in July/August as the distribution network absorbed the original shipments but there have since been replenishment orders. Then on August 31st WPT announced that it was awarded an additional distribution region in the southeast.
"Breaching the 400 store mark is an important milestone in executing this contract, especially since that is before commencement of shipments into the new region. We are already substantially ahead of plan and with the addition of the new distribution center, we expect a strong fall and into winter. Production is underway and coincidentally is being reevaluated given the anticipated impact of Hurricane Irma," said WPT''s President and CEO, Tom Comery. "Wind events wreak havoc on wood fencing and we expect Hurricane Irma to drive demand even further given our distribution throughout those affected areas."
WPT goes to market through licensed applicators which in this case is a major sawmill. 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.
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.
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Datum: 07.09.2017 - 04:00 Uhr
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News-ID 1519976
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