Consolidated Ecoprogress Technology, Inc.: Flushaway Drops 50% Price Premium.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Consolidated Ecoprogress Technology Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: CES) is pleased to announce a reduction in Flushaway prices, eliminating a former 50% price premium when compared to competitors' products, and taking advantage of its lower cost manufacturing base in China. According to our distributor Dr Fresh the new version of Flushaway is already being sold in some Wal-Mart stores. Pricing is similar to competitors' brands when calculated on a unit basis. Initially this transition will provide the consumer more pieces per pack while maintaining the old pack price. For example, the number of pantyliners in a packet will increase from 16 to 32, doubling the number of pieces per pack while retaining the present Wal-Mart pack price of US$1.44. Ecoprogress will also increase the number of pads per pack from 12 to 18 while keeping the current price of $US2.88 per pack. This re-pricing of Flushaway completes the first phase of a product re-positioning. Re-positioning Flushaway is designed to significantly increase sales, build market share, and grow the business. The Company plans a second phase to further improve product positioning, to introduce new improvements, and to expand the Flushaway feminine hygiene product range. Ecoprogress is diligently working on becoming a lead player in environmentally friendly, absorbent absorbent /ab·sor·bent/ (-sor´bent) 1. able to take in, or suck up and incorporate. 2. a tissue structure involved in absorption. 3. a substance that absorbs or promotes absorption. and 'plastic replacement' products. Its first branded product, Flushaway, provides women with a flushable feminine hygiene alternative product that, after disposal biodegrades in 28 days. ON BEHALF OF THE BOARD OF DIRECTORS John Banks, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Consolidated Ecoprogress Technologies, Inc Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the private securities litigation reform act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the TSX-V and on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review . The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. Consolidated Ecoprogress Technology Inc. (TSX VENTURE:CES) |
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