Consolidated Ecoprogress Technology Inc.: New U.S. Distributor; Flushaway Sales & Pre-Orders Hit CDN $180k.VANCOUVER, British Columbia -- 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 the signing of a new additional distributor for the USA - S.P.D. Corporation. The Agreement with SPD (Serial Presence Detect) The method used by DIMM memory modules to communicate their capacity and features to the computer. Data such as manufacturer, size, speed, voltage and row and column addresses are stored in an EEPROM chip on the module. is for the US territory and focuses on new distribution opportunities with the US Government (worldwide), cruise lines, airlines and grocery chains, such as Whole Foods Corporation and HEB HEB Hebrew HEB Hurst-Euless-Bedford (Texas) HEB Hot Electron Bolometer HEB Hindu Endowments Board (Singapore) HEB Here Everything's Better HEB High-Energy Beam HEB High Energy Biscuit ; a chain with stores in Texas and northern Mexico. SPD has distribution centers in Oakland, California and Dallas, Texas. This Agreement is for three years. SPD has agreed to purchase orders in full containers with minimum orders being US$50,000. SPD expects first year purchases to reach US$1 million and continue to increase based on customers projected demands. The Company will provide a further update on receipt of signed purchase orders. Including SPD, Flushaway(TM) sales and pre-orders booked over the last two months now stand at C$180,000. In the last few weeks Ecoprogress has delivered product to Dr Fresh (for Walmart), signed new distribution agreements with SPD (USA) and Envirostar (South Africa), and launched the product to retailers in Canada. The Company expects to build on this new momentum, and increase sales, by signing more distribution agreements all with minimum guaranteed or assured sales volumes. Flushaway(TM); as advertised in Western Grocer Magazine. 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(TM), 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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