Consolidated Ecoprogress Technology Inc.: 36 Containers of Flushaway Ordered.VANCOUVER, British Columbia -- CONSOLIDATED ECOPROGRESS TECHNOLOGY INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 it has placed an order for thirty-six (36) containers of Flushaway. The purchase order for thirty-six (36) containers of Flushaway feminine hygiene product is scheduled for dispatch from China over a nine (9) month period commencing July 2005, at an average rate of four containers per month. Each container is worth approximately US$50,000 in revenue to Ecoprogress making the total order worth around US$1.8 million. This supply will fulfill firm orders now pending availability of Flushaway while the balance will be used to meet projected demand. Initially this product is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. for countries including the United States, Canada and South Africa. Ecoprogress' international distribution network is expected to expand in the near future to provide new outlets and distribution opportunities for Flushaway. While current demand will be fulfilled from this initial purchase order, the growing distribution network is expected to quickly outstrip out·strip tr.v. out·stripped, out·strip·ping, out·strips 1. To leave behind; outrun. 2. To exceed or surpass: "Material development outstripped human development" the current supply necessitating additional new supply. The Company now believes it has put in place a working end-to-end process that extends across the whole order management function that includes sales, distribution and manufacturing. With these building blocks in place the Company will continue to focus on expanding sales, distribution and production and driving value into the business. Flushaway; as featured in Western Grocer Magazine and Cosmopolitan Magazine SA. Ecoprogress is diligently working on becoming a lead player in environmentally friendly, absorbent 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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