SOURCE Eco Building Products, Inc.
ECOB to Deliver Three Value-Added Whole-House Packs by the End of October 2013
VISTA, Calif., Oct. 23, 2013 /PRNewswire/ -- Eco Building Products, Inc. (OTCQB: ECOB) announced today the Company has been notified that the Wells Eason development in West Lancaster, California is now ready to proceed with construction of three model homes for the Desert Crest Project in West Lancaster, CA. The project is currently underway with concrete being poured now for the first three [model] homes, with forty-one (41) additional production units to follow shortly thereafter. Desert Crest is a unique project consisting of two phases, all of which will be supplied by ECOB through a distribution partner in Southern California. "If sales are good, the developer is hoping to add twenty-two (22) additional homes ranging from 2,100 to 2,700 square feet with a targeted sales price from the mid $300,000s, with expectations to sell out the first phase within six to eight months," cited Andrew J. Johnson Jr. of Prudential Troth Realtors AJ4homes.com.
Desert Crest development is one of the few remaining new home developments available in Lancaster due to the water district not issuing any new water permits for new home builder tracts. All homes are being designed and certified as a GREEN development with the integration of solar panels and other technically advanced building materials like Eco Red Shield™ protected lumber, EWP and Trusses.
"The Antelope Valley region has rebounded very quickly following the downturn in housing over 18 months ago. When we first selected this area to build, Lancaster was ranked the fastest growing city in the U.S. New homebuyers are now jumping back into this market because the homes are conveniently located for the many who work in Los Angeles, coupled with the fact that homes in this area are very reasonably priced," stated Rick Wackeen, President of ACS Development Corporation.
"We have worked very hard to assist this developer with designing value-added green homes knowing that the market would eventually turn in our favor. This week's movement of the Desert Crest project supports the recent headlines in the news of housing starts surging in the USA. The Company is extremely pleased to be in a position to capitalize on this trend. At Eco, we offer a variety of new products in support of this project as we continue to raise the bar on how American home building leads the world in the construction of defensive wood-framed buildings. We have watched American wood-framed buildings evolve in the wake of catastrophic events like the Northridge quake in CA, and the hurricanes often experienced in the Gulf region and on the Eastern seaboard. This was not easy at first, but if you look at the engineering progress in the west with respect to ground movement, and in Florida resisting lateral movement associated with high-wind events, we're building defensively now," stated Steve Conboy, President and CEO of Eco Building Products, Inc. "We need to continue embracing technologies that will protect the wood fiber strength on more than just the mud sill so the wood fiber strength will be present when tested, instead of just allowing termites and rot to destroy the engineering values. If we add some value-added fire protection that is affordable to residential builders, we are leading the world in affordable building technology using lumber verses steel and concrete," added Conboy.
About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites with ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco Building products, "Eco Red Shield", utilizing patent pending technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.
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.
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