VISTA, Calif., Feb. 26, 2010 (GLOBE NEWSWIRE) -- EcoBlu Products, Inc., (OTCBB:ECOB) announced today that it will supply a variety of products for a new subdivision being developed by the collaboration between ACS Development of Los Angeles California and Wells Eason Development, Inc. of Lancaster California. The contract will include EcoBlu EWP (Engineered Wood Products) floor systems, framing lumber, and trussed roof systems; all coated with EcoBlu's BLUWOOD™ technology that protects wood from mold, rot, decay, termites and fire.
The new subdivision, Desert Crest Homes, is located in West Lancaster, California and will consist of 40 one and two story homes ranging in size from 2,500 to 3,000 square feet. The value of the total development project when completed will be in excess of $10,000,000.
"This is an exciting start to our push into the builder and developer market," said Steve Conboy, President and CEO of EcoBlu Products. "We are seeing a recovery of the housing market in many parts of the country and an increased interest from builders to offer more than they did in the up market. It our goal to try and help these builders who want to build smarter and greener homes," added Conboy.
Melvin Hooks, President of ACS Development states: "We see the incorporation of this advanced EcoBlu technology in our new homes being consistent with our goal to provide our customers with safer homes for the future. Coupled with the added benefit of being better for the environment, our Desert Crest Homes will be the first neighborhood in West Lancaster to provide this state-of-the-art technology."
ACS Development and Wells Eason Development, Inc. create expertly designed and crafted single-family homes and commercial projects within Southern California's most prestigious areas.
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About EcoBlu Products, Inc.
EcoBlu Products, Inc. is a manufacturer of proprietary wood products coated with an eco-friendly chemistry that protects against mold, fungus, rot-decay, wood ingesting insects, termites and fire with EcoBlu's FRC™ technology (Fire Retardant Coating). EcoBlu products utilizing BLUWOOD™ and FRC™ 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.
The Company is committed to the development, marketing and sales of environmentally-responsible building materials. EcoBlu products are ready to deliver the winning edge to builders and the environment with its sustainable green product line.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of EcoBlu Products, Inc. common stock and the ability to obtain the necessary financing.